Tech startup creator Pollenizer have just announced a fundraise of $1.1 million dollars.
The capital raise which was undertaken in December came from a diverse group of investors in Australia, Singapore and the USA. These include Brook Adcock, founder of Pandora Australia, Neil Miller, veteran technology investor and early investor in Seek as well as Greg Roebuck, CEO of Carsales.com.au.
“This latest round of capital shows Australian investors are beginning to realise what global investors have known for some time, that Australian technology startups offer high investment value,” said Pollenizer CEO Phil Morle.
The investment capital will be used to launch further startups technology companies, fund the growth of existing portfolio of companies and to support the expansion of Pollenizer’s activities in South East Asia.
“The Pollenizer team are veterans with world class experience in startups. The Australian startup technology industry is going from strength to strength and Pollenizer is leading the way,” said Greg Roebuck, CEO of Carsales.com.au and Pollenizer investor.
Pollenizer has been operating for five years, has launched 20 startups, raised $12 million and created successful businesses like Spreets, Mogeneration, Dealised, Wooboard and Pygg.