Funding

Non-alcoholic spirits brand Lyre’s hits $179 million valuation on $9m seed round top-up

- May 6, 2021 2 MIN READ

Sydney-based non-alcoholic spirits startup, Lyre’s has soared to $179 million valuation just two years after launching following a seed-plus round of $9 million. US-based Morgan Creek Capital Management, early-backers of Alibaba, SpaceX and Lyft, and Bitburger Ventures, the VC arm of the German brewers came on board as new investors with existing supporters DLF Venture, VRD… Read more »

Funding

Homegrown e-bike startup Zoomo pedals $16 million raise

- May 4, 2021 2 MIN READ

Australian e-bike venture Zoomo has raised $16 million in a fresh round just eight months after a $16 million series A. The new raise, led by AirTree Ventures as a new investor, also saw existing backers the Clean Energy Finance Corporation (CEFC), Maniv Mobility and Contrarian Ventures. Cleantech-focused US investors Winthrop Square and Wisdom VC… Read more »

Funding

US VC Insight Partners invests in $95 million round for SafetyCulture at $2.1 billion valuation

- May 3, 2021 2 MIN READ

US-based venture capital firm Insight Partners has led a US$73 million (A$95m) investment into workplace safety venture that nearly doubles the value of the startup to US$1.6bn (A$2.1m). The deal comes just a fortnight after Insight was the sole backer of Brisbane software startup Octopus Deploy in a US$172.5 million (A$220m) round.  Existing invest Tiger… Read more »

Funding

Uni student recruitment marketplace Adventus closes $22.7 million series A with $11m top up

- April 27, 2021 3 MIN READ

Adventus.io, a SaaS-based college student recruitment marketplace which has attracted more than 2000 universities globally to the platform, has raised an additional $11 million, led by venture capital firm Our Innovation Fund (OIF), to close a $22.7 million Series A. The funds will be used to bolster the edtech startup’s global footprint, especially in the… Read more »

Funding

Brisbane software company Octopus Deploy is nearly a unicorn from its very first raise, worth $220 million

- April 21, 2021 3 MIN READ

Brisbane software startup Octopus Deploy is close becoming a $1 billion company after its first funding round, taking a US$172.5 million (A$222m) from New York venture capital firm Insight Partners. The enterprise software business, which counts Microsoft, NASA, Xero and Disney among its 25,000 customers, has bootstrapped for a decade before taking on Insight with… Read more »

Funding

Canva’s valuation has surged towards $20 billion following a new $93 million raise

- April 7, 2021 2 MIN READ

Australian design giant Canva has a staggering new valuation of US$15 billion (A$19.6bn) following a fresh US$71 million (A$93m) investment.  That figure more than doubles the company’s last A$8.7 billion valuation in less than 12 months following an A$87 million raise in June 2020. In just 18 months, the privately-owned design startup has more than… Read more »

Funding

Linktree clicks on $59 million in Series B

- March 26, 2021 < 1 MIN READ

Melbourne-based social media venture Linktree has tapped the market for more cash, just five months after its A$15 million series A, raising another US$45m (A$59m) in a Series B The round was co-led by European VC Index Ventures, and New York’s Coatue. AirTree Ventures and Insight Partners returned as investors with a Who’s Who of… Read more »

CivVic Labs
Funding

Victoria is launching a $10 million investment fund to back startups led by women

- March 11, 2021 2 MIN READ

Women-led early stage startups will have access to dedicated investment support from the $10 million Alice Anderson Fund – named after a pioneering Victorian businesswoman and innovator – to open for applications in July. The Alice Anderson Fund will run over three years as a sidecar investment fund committing between $50,000 and $300,000 into between 40 and… Read more »

Funding

Spoken word analysis startup Sonnant raises $750,000 seed round led by media giant SCA

- March 10, 2021 < 1 MIN READ

Melbourne startup Sonnant, which uses artificial intelligence (AI) and machine learning (ML) for content discovery for the spoken word, has raised $750,000 in a seed round led by radio and TV company Southern Cross Austereo (SCA). The strategic investment by SCA will help support the recent launch of LiSTNR, the rebranded PodcastOne audio channel and… Read more »