Melbourne biotech startup Prota Therapeutics has raised US$21 million (A$32m) ahead of a Phase 3 clinical trial for its oral therapy treatment for peanut allergy. The round, a combination of equity and debt financing, was led by Singapore-based SPRIM Global Investments (SGI). Australian VC OneVentures was an early backer of the biotech and one of… Read more »
Pioneering Sydney VC investor has banked more than $100 million from sales of its early stage investment in human resources technology startup Employment Hero. The latest deal has produced what the sector calls a “dragon” – the return from a single investment matches the value of the entire fund. In this instance it’s a 1.5x… Read more »
When it comes to disruption, the COVID pandemic offered a masterclass for startup founders. It was the best and the worst of times, with the acceleration towards a digital economy backed by the tailwinds of what appeared to be unlimited capital… Then suddenly, central banks wrought their own brand of disruption on venture capital with… Read more »
Venture capitalist Grant Chamberlain, a partner in Sydney VC OneVentures, has died after falling from a cliff in North Bondi. He was 50. Chamberlain joined OneVentures four years ago following two decades in merchant banking that included managing director roles at Bank of America Merrill Lynch, Deutsche Bank and Nomura. He was running the M&A… Read more »
Venture capital investor OneVentures is sharpening its focus on ESG (environmental, social, governance) principles in the startups it invests in to drive change in the sector. Managing director Dr Michelle Deaker, said it’s time for Australian VC firms to align their investment strategies to responsible investment practices and recognise that where they put their moment… Read more »
William Crock, co-founder of Hometime. Sydney-based Airbnb property management services company Hometime has landed a $6 million debt and equity funding deal with Australian technology venture capital firm OneVentures It’s the first deal from the new $100 million OneVentures Fund, launched less than 12 months ago. The fund is a partnership between OneVentures and Viola,… Read more »
Sydney human resources startup Employment Hero has raised $8 million in a Series B round co-led by Seek and OneVentures, with participation from existing backers AirTree Ventures and AMP.
A few months on from raising $5 million from Southern Cross Austereo to build out its mobile sports broadcasting platform, telco startup OVO Mobile has acquired Incoming Media.
Smart Sparrow has announced the closing of a AU$5.3 million Series C round to expand its technology to cater for increase in online courses in the US.
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