Visionflex (ASX: VFX) raises $1.75m to accelerate growth

Henslow is pleased to have acted as Joint Lead Manager to Visionflex Group Ltd (ASX: VFX) on their recent $1.75m institutional placement. The placement was well supported by new and existing shareholders with the senior executive team also investing $110k.

Funds raised will be used to increase inventory ahead of expected larger contracts, expand sales and marketing activities and provide additional working capital flexibility.

Visionflex provides a suite of proprietary hardware and software solutions to enable the delivery of virtual healthcare across a variety of industries including public and private hospitals, aged care, primary care and corporates with a rural or remote workforce.

The Company delivered revenue growth of 169% in FY24 and is targeting to be EBITDA positive in FY25 driven by a qualified pipeline of B2B contracts that now exceeds $25m including several international distributor agreements across key jurisdictions.

This is the second capital raise Henslow has conducted for Visionflex and we look forward to continuing to support them as they enter the next exciting phase of growth.