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

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 »

Healthtech

Patient monitoring startup Digitology Healthtech raises $900,000 after the CEO used the medtech to save his own life

- January 14, 2021 2 MIN READ

When Michael Koss landed in India last year to work on developing his joint venture Australian-Indian startup, Digitology Healthtech, little did he realise the important role the technology would play in his own health and saving his life.  Koss is CEO of Health and Patient Services (HPS), which is developing the startup with Indian healthcare… 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

Logistics startup Shippit raises $30 million in a series B

- December 8, 2020 < 1 MIN READ

Order fulfilment venture Shippit has raised $30 million in a series B round to expand in Asia and Australia. The round was led by New York based investment fund Tiger Global Management, which earlier this year closed an oversubscribed US$3.75 billion private-equity fund to invest in private tech companies. Germany’s Global Founders Capital was also… Read more »

Capital Raising

How to land your first capital raise: 10 lessons for founders from someone who’s just done it

- December 2, 2020 4 MIN READ

Inventory forecasting software StockTrim achieved international sales in the UK, Australia and US immediately after launching in 2017. It’s been growth ever since, and in 2020 the Kiwi company pitched for seed funding to scale up. StockTrim came out successful – oversubscribed, in fact. The fund raise required three in-person pitches, seven Zoom pitches and… Read more »

Funding

Corporate learning startup Elenta raises $1m seed round to lift the ROI on workplace education

- November 30, 2020 2 MIN READ

Sydney software startup Elenta has closed has oversubscribed seed round less than six months after launching, raising $1 million. The corporate learning venture, which launched in June through Antler Australia’s Sydney accelerator program. Having given the brand-new venture a pre-seed investment, Antler followed on with the seed round, which was also backed by Black Nova Group… Read more »

Funding

Another Aconex co-founder has backed a Melbourne builder software startup’s $6 million raise

- November 30, 2020 < 1 MIN READ

Aconex co-founder Rob Phillpot has backed Melbourne-based builder software company Buildxact in a $6 million raise, 12 months after his fellow co-founder became an investor in the nine-year-old startup. Jasper returned to back the latest round. Buildxact creates software for residential builders for estimating and job management. The cloud platform streamlines the building process from… Read more »

Funding

New Zealand healthtech startup ZOOM has launched NZ$3m Snowball Effect capital raise

- November 17, 2020 < 1 MIN READ

New Zealand virtual pharmacy startup, ZOOM Health, which founder David Taylor calls the “Uber Eats of prescriptions”, is looking to raise NZ$3 million via Kiwi investing marketplace Snowball Effect. Taylor, ZOOM’s MD, founded the healthtech venture in 2017, targeting people on multiple medications who struggle to get to the pharmacy with a delivery option. “Whilst… Read more »

Funding

ecommerce software startup Marketplacer just raised $20 million as it gets ready to list

- November 16, 2020 < 1 MIN READ

Software venture Marketplacer, which provides ecommerce solutions for leading Australian retailers such as Myer, Metcash and Bob Jane T-Marts, has raised $20 million as it plans to head to an IPO in early 2021. Founded in Melbourne in 2012, the company creates backend online marketplace software and raised $20 million 12 months ago in what… Read more »

Funding

Steve Baxter’s TEN13 backed a $1.6m seed round in a book-keeping startup set to be the next Xero

- November 4, 2020 2 MIN READ

Freelancer and solo entrepreneur accounting platform Bookipi has raised $1.6 million in a seed round co-led by Sydney VC Our Innovation Fund and Steve Baxter’s investment syndicate TEN13. Bookipi, founded in 2017, is targeting the freelancer and micro SME sector with its book-keeping platform and already has a user base of more than 640,000 customers… Read more »

Funding

MYOB and Malcolm Turnbull back $22 million series C in a workplace software startup

- November 2, 2020 < 1 MIN READ

MYOB has led a $22 million Series C round into workplace software startup Flare, with the accounting platform also announcing a new partnership with the five-year-old venture. Existing investors Point72 Ventures, Acorn Capital and David Fite joined the round with Malcolm Turnbull signing on as a new investor. Turnbull and Fite will become special advisors… Read more »

Healthtech

Health-tech startup MedAdvisor is looking to raise $45 million as it buys a US medication venture for $49 million

- November 2, 2020 2 MIN READ

Shares in ASX-listed MedAdvisor have been placed in a trading halt today with the health-tech venture announcing plans to acquire US-based medication adherence company Adheris for US$34.5 million (AU$49m), while also raising AU$45 million to fund the acquisition. The company’s seeking a minimum of AU$35m in funds through an institutional placement at $0.45 per share,… Read more »