Funding

Startup Daily TV: Digital lender WLTH is raising a $5 million seed round just months before a series A

- February 26, 2021 2 MIN READ

Digital lending and payments provider WLTH has opened $5 million seed funding round. The Brisbane-based fintech will use the funds to accelerate the growth of its proprietary technology platforms, ahead of the upcoming launches of its B2C payments app ‘WLTH Pay’ and loyalty program ‘WLTH + Loyalty’, as well as make key hires for its… Read more »

Funding

Mortgage broker fintech Effi raises $1.2 million seed round

- February 15, 2021 2 MIN READ

Fintech startup Effi has raised $1.2 million in seed funding as part of its push to become Australia’s leading mortgage broker platform.    The round was led by Australian seed investment group Investible, US-based Hustle Fund and several mortgage industry leaders and brokers.  Mandeep Sodhi, founder and CEO of the AI-powered company said he’s now looking to… Read more »

Funding

REA Group bets big on proptech, spending $13.3 million on real estate BNPL CampaignAgent

- February 5, 2021 2 MIN READ

ASX-listed real estate company REA Group – best known for realestate.com.au – is spending $13.3 million on a 27% stake in Campaign Agent, a buy now pay later solution for vendor-paid advertising. The strategic stake in the Melbourne-based fintech was announced during REA Group’s (ASX: REA) half-yearly results today. CampaignAgent offers a BNPL solution to… Read more »

Funding

X-ray tech venture Micro-X raises $30 million for US expansion

- February 1, 2021 2 MIN READ

Micro-X has received funding commitments of $30.5 million to help expand its US footprint and fast-track new lightweight x-ray products. The publicly-listed company announced to the Australian Securities Exchange (ASX: MX1) this morning it had received funding commitments totalling $30.5 million for new fully paid shares at 34 cents each. It is also proposing to… Read more »

Funding

Consumer data platform Adatree raises $1.2 million seed round

- January 28, 2021 2 MIN READ

Consumer Data Right startup Adatree has raised $1.2 million in a seed round co-founder Jill Berry says was nearly three-times oversubscribed. Tyro Payment co-founder Peter Haig and the company’s chair, Kerry Roxburgh, led the round alongside Equity Seed, Kylie Frazer and Rachael Neumann of Eleanor Ventures, and bank executive Angus McBean. Equity Seed’s Mark Hutchins is… Read more »

Funding

Crowd-sourced funding held its ground in 2020, and women are leading the way

- January 25, 2021 2 MIN READ

Female founded (or co-founded) businesses have raised around 25% more in Australian crowd-sourced funding campaigns, as well as attracting more than three times as many investors, according to a new analysis by equity crowdfunding platform Birchal.  While women are underrepresented in the startup sector, especially when in comes to venture funding, it appears that public… Read more »

Funding

Beforepay raises another $9 million as it looks to IPO

- January 13, 2021 < 1 MIN READ

Beforepay (previously Cheq), the fintech version of a payday lender, has raised $9 million in a pre-IPO round led by Alium Capital. The company is looking to list this year, having now raised around $17 million. Its previous round was $4 million just two months ago, led by Vocus founder and Airtasker chair James Spenceley. The… Read more »

Funding

Security industry software platform Guardhouse raises $850,000 in a seed round to take on the UK market

- January 13, 2021 < 1 MIN READ

Security industry tech platform Guardhouse raised $850,000 in seed funding late last year as it prepared to launch in the UK market.   The Sydney startup, co-founded in 2018 by Julian Cartwright, Jack Alpe, Andrew Longworth and Keith Longworth aims to be an to be an all-in-one solution for security industry workforce management to improve workflow between… Read more »

Funding

Cultured meat startup Vow raises $7.7 million in seed round

- January 7, 2021 < 1 MIN READ

Cell-based meat production startup Vow Foods has raised $7.7m (US$6m) in a seed round led by Square Peg Capital, alongside Blackbird Ventures, Grok Ventures and new investor Tenacious Ventures. James Tynan from Square Peg will join Vow’s board. The cellular agtech startup, based in Western Sydney, began with lab-grown meat from pork and kangaroo cells… Read more »

Brighte
Funding

Grok Ventures backs Brighte in $100 million raise

- January 4, 2021 < 1 MIN READ

Green energy finance provider Brighte has raised $100 million to move into energy retailing. The $100 million round was led by Grok Ventures, the family investment company run by billionaire Annie Cannon-Brookes and her husband Mike. Founder & CEO Katherine McConnell said the fund will be used in three key areas: acquiring more solar households,… Read more »

Funding

Super funds and the CBA have piled into Square Peg’s latest $600 million investment war chest

- December 15, 2020 < 1 MIN READ

Square Peg Capital has closed its fourth generation fund, raising $600 million. Super funds HostPlus and AustralianSuper led the raise with the Commonwealth Bank also signing up alongside alternative investment management firm Roc Partners. The fresh raise takes the VC firm’s total committed capital to $1.4 billion in a year that saw Square Peg return… Read more »

CivVic Labs
Funding

LaunchVic is getting into the VC business through venture debt

- December 14, 2020 < 1 MIN READ

The Victorian government’s startup support arm, LaunchVic, has invested $300,000 new venture debt fund targeting bootstrapped revenue-positive startups. The LaunchVic agreement with Tractor Ventures is a new way of working for LaunchVic with the funds being provided as a loan rather than a grant. LaunchVic CEO, Dr Kate Cornick said the launch of the new… Read more »