Retail analytics SaaS platform Kepler Analytics has raised $22m (USD$15.5m) Series B funding round. Sydney-based VC OneVentures led the raise through its 1V Growth Fund V, with participation from Whiteoak, Taronga Ventures, and Shearwater Capital. Existing investors Reinventure and InterValley Ventures once again chipped in. The tech company plans to use the fresh capital for… Read more »
Equity crowdfunding platform VentureCrowd has raised $10 million in a Series A. As well as $6.6 million from existing investors, the company used its own platform to raise an additional $3.9 million from new investors. The funds are earmarked to further develop VentureCrowd’s technology platform, scale its retail product offering in venture capital, property, private credit… Read more »
Queensland plant-based food startup Fënn Foods has raised $3 million as it looks to expand into offshore markets. The oversubscribed raise was backed by existing and sophisticated investors, led by fund manager Bombora Investment Management. The Sunshine Coast-based business was founded by Michelin-star trained chef Alejandro Cancino, from the highly lauded Brisbane restaurant Urbane. Fënn… Read more »
Australia’s biggest banks have once again backed digital receipts fintech Slyp in a $25 million Series A. Former PwC boss Luke Sayers joined the round as a new investor through the Sayers Group, along with Gabby and Hezi Leibovich. They join existing backers including Westpac’s Reinventure and NAB Ventures, which first invested in a $2… Read more »
Accounting practice management software company Karbon has raised $US66 million (A$93m) from US investor Tidemark Capital. The seven-year-old US-based Australian venture now operates in more than 20 countries offering cloud-based business management software for SMB accounting firms. It is now the preeminent independent practice management solution in the accounting industry globally. The latest round comes… Read more »
ClimateTech startup FloodMapp has set a new record for an Australian seed round after raising US$6 million (A$8.4m). The round led by New York VC Union Square Ventures’ Climate Fund, with participation by Mundi Ventures, Climate X, and Jelix Venutures. FloodMapp will use the capital injection to scale the company and expand into new markets.… Read more »
Investors poured more than $71 million into 89 companies via crowd-sourced funding (CSF) in 2021, new analysis of the sector reveals. Nearly a third of that figure ($21m, 30%) flowed in the final quarter of the year thanks to a series of record raises. In 2021, the number of CSF offers completed rose by 82%… Read more »
FinTech Australia has appointed financial services investor, advisor and long time executive Andrew Porter as its new CEO. Porter brings more than two decades of experience in the financial services sector to the position, including holding senior roles at three global payments fintechs OFX, World First and TransferMate. FinTech Australia chair Simone Joyce said Porter’s… Read more »
Sydney artificial intelligence startup, Cherry Recommends, has been selected to take part in the legendary accelerator program by Y Combinator. The US venture capital fund invests US$125,000 for at 7% stake in the companies it brings into the program. Cherry is an AI promotion recommender platform that grows sticky online customers by increasing customer engagement,… Read more »
The Commonwealth Bank has taken a 20% stake in Brisbane fintech startup Paypa Plane for an undisclosed sum. Founded in 2018 by Simone Joyce and Jonathan Grant, Paypa Plane is a digital payments provider, building a bank-grade platform where traditional scheduled payments and payment initiation via the New Payments Platform (NPP) and PayTo, which is… Read more »
OwnHome, a fintech startup that wants to turn renters into property owners, has raised $31 million in a Series A. The round was led by VC firm Square Peg with existing backers including the Commonwealth Bank’s VC arm X15, GFC, Entrée Capital, AfterWork, and Possible Ventures doubling down on the startup. The cash injection is… Read more »
Wollongong Internet of Things (IoT) startup Binary Tech has raised $1.8 million in a seed round as it looks roll out supply chain IoT devices. The round was led by Artesian Ventures, joined by Beachhead VC and angel investors including Dr. Craig Davis, Peter McKie and Nick McNaughton. McNaughton will join the company’s board. Founder… Read more »
Sydney NFT tech startup Immutable is partnering with NYSE-listed gaming giant GameStop to develop the world’s largest gaming marketplace for gamers to buy, sell and trade in-game assets. As part of the deal, the two companies are looking to launch a fund worth up to US$100 million for NFT gaming projects. GameStop will use the… Read more »
A New Zealand medtech startup that’s developed the world’s first automated 3D planner for joint replacement surgeries has raised US$5 million. The round coincides with Formus Labs launching its orthopedic surgery planning solution which provides surgeons with unprecedented insight into the pre-operation planning process. The investment was led by New Zealand VC firm GD1 (Global… Read more »
Credentials management startup CredShare has raised $2.7 million as it looks to transform the compliance landscape for exchanging credentials. The round came from a series of high net worth investors as well as ASX-listed Touch Ventures and Ellerston Capital to give the venture a valuation of $14 million. It comes as the regtech startup prepares… Read more »
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