Spookfish
(ASX:SFI)
Spookfish was formed in 2013 to develop and commercialise next generation geospatial imagery technology designed by the founders. The revolutionary technology enables rapid imaging of entire countries in high resolution from multiple angles at a fraction of the cost of contemporary systems.
Today, Spookfish is owned by USA geospatial giant Eagleview Technologies, which acquired the ASX listed Spookfish in 2018.
x10 Partners' Role
x10 Partners’ Stephen Rice led the Company through the development of its technology roadmap and charted the business model and growth strategy. Stephen applied for and received Government commercialisation grant funding and then effectively raised early-stage and seed funding.
Stephen was successful in guiding the business through to the capital markets including negotiating, preparing and steering the reverse take-over transaction. Stephen was then subsequently appointed CEO and providing a stable and systematic approach to establishing the business as a public company.
Stephen was responsible for hiring the team with the right expertise, leading the establishment of business systems and processes and led the culture of the organisation, establishing the foundations of a substantial enterprise.
Testimonial
"Stephen Rice showed outstanding leadership during the early-stage development of Spookfish Pty Ltd and subsequent reverse take-over of the ASX-listed Whitestar Resources Ltd.
Stephen performed the role of Chairman of the private company and was then appointed the inaugural CEO of the listed company.
Having created the platform for the founders to realise their dream and to globalise the technology, Stephen resigned to pursue others interests and hopefully to assist other entrepreneurs and inventors to realise their dreams and ambitions.
I wholeheartedly admire, respect and value the multiplicity of facets to Stephen's expertise and capabilities. My endorsement of Stephen to any individual or organisation wishing to grow is unconditionally extended.""
- Mike von Bertouch, Director
Journey Timeline
Founders engage Stephen Rice to commercialise aerial imagery technologies
Spookfish awarded Australian Industry Grant. Technology Roadmap commences
$500k seed raising completed. Stephen Rice appointed Chairman
Whitestar Resources invests $2 million in Spookfish
SFI commences with $6.5 million cash after re-compliance raising
Stephen Rice resigns from Spookfish and forms x10 Partners corporate advisory
Spookfish undertakes a $6 million capital raising
Spookfish signs license and royalty agreement with Eagleview, who commits $6million equity investment
Spookfish successfully completes $9.3 million placement
Spookfish sells to Eagleview Technologies for $140 million
Eagle View orders five additional camera systems
Spookfish sells to Eagleview Technologies