Brains Trust

Hivery raised $8m in Series A: Here are 19 things the founders learnt from the process

- March 24, 2020 5 MIN READ

I recently supported Hivery in raising A$8mm Series A capital from Blackbird and AS1 Growth Partners Hivery’s suite of products aim to maximise return on retail space (RoRS) using AI and machine learning Below I have summarised our journey from a high level, with lessons from the Hivery Founders (Jason, Franki, Matt, Menkes) included where chronologically relevant.… Read more »

News & Analysis

AI recruitment screening startup Reejig lands $2.2 million in its first capital raise

- March 10, 2020 2 MIN READ

Recruitment software startup Reejig has scored $2.2 million from VC firm Right Click Capital and Arun Krishnankutty from OMKA Group in its first capital raise. Founded last year, Reejig uses artificial intelligence to analyse talent data to to help companies find, recruit and develop talent, connecting HR systems providing insights into the skills of their… Read more »

News & Analysis

Bootstrapped procurement software venture Portt waits a decade to take on $4 million VC stake

- February 17, 2020 < 1 MIN READ

A Sydney-based contract and supplier software platform Portt, which spent a decade bootstrapping its way into a global business, has finally take on its first outside funding as it looks to tackle slavery risks in company supply chains. Co-founders and co-CEOs Chris Holmes and Andre Pinkowski raised $4 million in a round led by the… Read more »

News & Analysis

Booktopia raises $20 million from private investors ahead of becoming Australia’s top book retailer

- February 6, 2020 2 MIN READ

Booktopia has rebounded from an aborted $10 million crowdfunding campaign last year to land double that amount as it pushes towards becoming the company leading book retailer. Champ Ventures CEO and co-founder Su-Ming Wong and JBS Investments CEO and founder John Sampson led a consortium of investors in a $20 million capital raise as the… Read more »

News & Analysis

Zip Co. goes on a $60 million hunt for more cash

- November 29, 2019 2 MIN READ

  Buy-now-pay-later service Zip Co. (ASX: Z1P) is looking to raise $60 million from a share issue to fund its UK expansion and move into small business lending. The fintech announced the capital raise to the market this morning. $50 million will come from a non-underwritten placement to professional and sophisticated investors, with $10 million… Read more »

News & Analysis

Online lawyer marketplace Lawpath raises $4.4 million for Asian expansion

- November 5, 2019 < 1 MIN READ

Online legal marketplace Lawpath has raised $4.4 million as it looks to push into Asia. Adcock Private Equity lead the round, which was oversubscribed and saw existing backers Pollenizer Investments, LegalZoom, Fort Street Advisors, Machdoch Ventures and Nick Abrahams, now head of innovation at Australian lawfirm Norton Rose Fulbright return The Sydney legaltech startup previously… Read more »

Athena
News & Analysis

Online mortgage lender Athena raises $70 million in Series C

- October 21, 2019 < 1 MIN READ

  Fintech startup Athena has closed a $70 million Series C round as it looks to push into mortgage origination. The country’s largest industry fund, AustralianSuper, joined the raise alongside long-term backers Square Peg Capital, AirTree Ventures and Hostplus, as well as Salesforce Ventures and NAB Ventures. Square Peg’s Paul Bassat joined the Athena board… Read more »

Airwallex
News & Analysis

6 charts that show startup investment is booming in Australia

- October 21, 2019 4 MIN READ

The Airwallex team.  Investments in Australian startups have nearly doubled in the past 12 months to nearly $7 billion, with Victoria leading the way, according to data analytics firm Techboard. The Techboard Australian Startup and Young Technology Company Annual Funding Report 2018/19, released at Intersekt on Friday. Techboard co-founder and CEO Peter van Bruchem said… Read more »

News & Analysis

Canva adds another $1.1 billion to its value after a $125 million raise

- October 17, 2019 2 MIN READ

Canva co-founders Cameron Adams, Cliff Obrecht and Melanie Perkins. Photo: supplied Privately-owned online design startup Canva says its market value is now US$3.2 billion (AU$4.7bn) after a US$85 million (AU$125m) raise revealed on Thursday. Those lining up to support Canva’s 7th raise – taking the total investment to AU$333 million in five years – with… Read more »

News & Analysis

Australia’s top fintech investors will debate the latest funding trends in Melbourne

- October 16, 2019 2 MIN READ

The most recent trends in fintech investment in Australia will be debated by some of the investors at the forefront of the sector a special Techboard Roundtable in Melbourne this Friday, October 18. Presented in association with Fintech Australia and the Intersekt Festival, the Techboard roundtable discussion will  focus on the future of funding for… Read more »

News & Analysis

MONEY BAGS: Luggage startup July raises $10.5 million

- October 15, 2019 < 1 MIN READ

July co-founders Athan Didaskalou and Richard Li, with Strandbags MD Felicity McGahan (centre). Melbourne luggage brand July, already set to book more than $5 million revenue in its first year, has raised A$10.5 million in a Series A, led by veteran accessories retailer Strandbags and a private investor. Strandbags is owned by Michael Lewis, chairman… Read more »