David Fairfull, founder of adtech startup Metigy, which collapsed into administration in July, just 20 months after raising $20 million in a Series B, has been declared bankrupt, amid regulator ASIC taking a closer look at potential insolvent trading in the company.
AdNews reports that Fairfull went bankrupt this month his second bankruptcy following a first spanning 2006-2009.
Simon Cathro and Andrew Blundell of Cathro & Partners were appointed liquidators of the three Australian companies within the Metigy Group in September and are working with ASIC on its investigations.
The business has debts exceeding $32.366 million and the liquidators have called upon the government-backed Fair Entitlements Guarantee Scheme as a last resort to …
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