News & Analysis

An MYOB co-founder just backed a $26 million Series B for an accountancy software startup

- September 17, 2019 1 MIN READ

  Practice Ignition, cloud-based software that helps accounts manage their own business, has raised AU$26 million in a series B, led by New York’s Tiger Global Management. MYOB co-founder and Xero Board member, Craig Winkler and Right Click Capital were among those also investing in the software startup, co-founded by Guy Pearson in Sydney in 2011.… Read more »

News & Analysis

New Zealand cybersecurity startup RedShield raises NZ$14 million

- September 17, 2019 1 MIN READ

Wellington-based RedShield, a cybersecurity startup that provides API protection via web application shielding, has raised NZ$14 million (AU$13m). New Zealand private equity firm Pencarrow led the round ahead of existing shareholder Sage Technologies. RedShield’s CEO and co-founder Andy Prow (pictured above) said the support recognised the company’s success in New Zealand , the US, UK… Read more »

News & Analysis

Experiences startup AmazingCo raises $5.1 million

- September 13, 2019 2 MIN READ

AmazingCo founders Silvia Hope, Jeremy Cox and Nick Brozovic. Photo: Supplied Melbourne experiences platform AmazingCo raised AU$5.1m in a Series A round backed by Aconex co-founders Leigh Jasper and Robert Phillpot. Rampersand VC, Artesian and Macdoch Ventures were also part of the raise. The Series A follows a $2.3m seed funding round last year, with those… Read more »

News & Analysis

A Sydney University professor just raised $22 million to solve a big problem in quantum computing

- September 11, 2019 2 MIN READ

Square Peg Capital Partner Tushar Roy with Professor Michael Biercuk, founder and CEO of QCTRL. Photo: supplied Quantum computing startup Q-CTRL has raised US$15 million (AU$22m) in a Series A round led by Square Peg Capital.  Silicon Valley’s Sierra Ventures also joined the raise beside existing investors, including Sequoia Capital, Main Sequence Ventures, and Horizons… Read more »

News & Analysis

Parking app Parkable raises NZ$4.6 million 

- September 2, 2019 2 MIN READ

Parkable CEO, Toby Littin, and Spark Future of Connectivity Lead, Renee Mataparae Auckland-based parking app Parkable has raised NZ$4.6 million in a Series A round, valuing the business at NZ$36 million. The raise was led by Kiwi telco Spark, with some prominent local investors joining for the first time, including Trade Me co-founder Rowan Simpson,… Read more »

News & Analysis

An ex-air force pilot’s drone medicine delivery startup just scored millions in backing

- August 22, 2019 2 MIN READ

Swoop Aero CEO Eric Peck trains health staff on how to load cargo into the drone. Photo: Luke Dempsey   Melbourne-based drone startup Swoop Aero, which is working with aid agencies and the UN to deliver urgent medical supplies to remote areas, has received a multi-million-dollar investment from VC firms Tempus Partners and Right Click… Read more »

Opinion

How an Australian female startup founder’s funding search led to Silicon Valley’s ‘casting couch’

- July 31, 2019 4 MIN READ

Charlie Thompson (left), with her Clean Collective co-founders Charli Ferrand and Georgia Lawson. Photo: supplied.   It’s no secret that raising funds as a female founder is tough. A Boston Consulting Group survey concluded that just 2% of venture capital funding reaches female-led companies – a statistic made louder last week by Kim Jackson passionately… Read more »

News & Analysis

Investment management platform Jacobi raises $11 million for European expansion

- July 9, 2019 2 MIN READ

Jacobi co-founders Greg Knox, Tony Mackenzie, and Tanya Bartolini. Source: supplied   The Brisbane investment technology platform has raised AU$11 million from US investors  Client base includes sovereign wealth and retirement funds, and asset and wealth managers with more than $1.5 trillion in assets under management Expands internationally with launch of UK office to target Europe.   … Read more »

News & Analysis

SEEK just backed a $22 million Series C for people management startup Employment Hero

- July 8, 2019 2 MIN READ

Employment Hero co-founder and CEO Ben Thompson. Source: supplied The latest raise values the 5-year-old startup at more than $100 million SEEK, OneVentures, and AirTree Ventures contributed once again The funds will help facilitate strategic integrations with SEEK, and international expansion, as well as developing the “WorkLife Passport” product, which simplifies things such as super… Read more »