One of the biggest stories in a busy week across the startup space came from Australia, with fintech startup Tyro Payments announcing that it had raised $100 million in funding from Tiger Global, TDM Asset Management, and Mike Cannon-Brookes. In other news, Israeli marketing company Perion acquired New York-based digital ad startup Undertone for $180 million, AppDynamics raised $158 million, and healthcare CRM platform Evariant raised $42.3 million.
Combined with the banking licence Tyro obtained from the Australian Prudential Regulatory in August, the funding will go towards accelerating Tyro’s growth initiatives and new product development to help the company provide new payment and banking solutions to customers.
Another busy week has seen Apple acquire motion capture technology startup FaceShift, while Amazon competitor Jet.com raised $350 million, and London-based food delivery startup Deliveroo wrapped up a $100 million Series D round before launching in Australia. Closer to home, Hobart video startup Biteable raised $1.1 million in seed funding.
Equity crowdfunding startup VentureCrowd is gearing up to accept retail investors to its platform with a $1.5 million funding round. The startup has already raised $1 million from a handful of “cornerstone” investors, with the remaining $500,000 to be raised through the VentureCrowd platform itself. The round is expected to close by next week.
Biteable, a Hobart-based startup that has developed an online tool allowing users to create professional promo videos in minutes, has raised $1.1 million in seed funding from Australian investors including Tank Stream Ventures and BridgeLane Capital.
THR1VE has today announced that it has secured a multi-million dollar investment in a round led by Blue Sky Capital, with participation from Mike Green, former partner of New York-based Oak Hill Capital Partners, and former Oroton chairman Ross Lane, who was also one of THR1VE’s seed investors.
It has been another busy week across the global startup space, with Pandora announcing that it is to acquire Rdio for $75 million, India’s Uber rival Ola raising $500 million, and US fintech startup Earnest raising $275 million in debt and equity financing. Closer to home, online lender zipMoney secured a $100 million debt facility and $1 million in funding, while ShopandBox raised a $1 million seed round.
It has been another busy week around the global startup space. In Europe, Rocket Internet’s home interiors marketplace Home24 has acquired German competitor Fashion For Home, while Udacity has raised $105 million in a Series D round at a valuation of $1 billion and ClassPass has raised $30 million. Closer to home, Australian visual arts marketplace Bluethumb has raised $500,000 from the founders of AussieCommerce.
Another busy week across the global startup world has seen gaming giant Activision Blizzard announce that it is set to acquire King Digital Entertainment, the makers of Candy Crush, for $5.9 billion, while Expedia is to acquire Airbnb competitor HomeAway for $3.9 billion. Closer to home, Shoeboxed Australia has raised $775,000 in angel funding, while invoice2go raised a $15 million Series C round.
Australian startup Invoice2go today announced that it has raised a further round of funding, closing a $15 million Series C capital raise. The application is the number one mobile invoicing app on the App Store globally, and currently processes in excess of $1 billion in invoices per month via its platform.
FashionTech startup Mon Purse is proving itself to be a rising star in the mass customisation market with its platform that allows users to design their own handbags, clutches and totes.
Travel is by far one of the toughest nuts to crack in the startup space, particularly in Australia, and Redzy’s B2B approach has positioned it to be one of the shining stars among a sea of other operators in the space struggling to stay afloat.
Another big week has seen Cisco announce its intents to acquire Lancope for $452.5 million, and IBM announce that it will be acquiring The Weather Company’s tech and product business. Advanced analytics startup Alteryx has raised $85 million, while payment services startup Marqeta has raised $25 million in a Series C round. Closer to home, LawPath raised $1.3 million, while Australian-founded startup Apptuto raised $500,000 in angel funding.
Another busy week has seen Western Digital make moves to acquire SanDisk for $19 billion, while Trend Micro is set to acquire HP Tipping Point. In funding news, Indian startup Collective Health has raised an $81 million Series C round, while Illusive Networks has raised $22 million, and Chinese Uber rival Yidao Yongche has announced that it is to raise $700 million.
UrbanOutsource, an online contracting service that caters to the three main categories encompassing the average household – cleaning, gardening and handyman services – announced today that it has raised $500,000 in seed funding led by Grand Prix Capital.