Agritech

Agritech VC Tenacious Ventures backs US carbon marketplace Nori in $5.6 m raise

- October 9, 2020 < 1 MIN READ

Australian agrifood tech venture capital firm, Tenacious Ventures has co-invested as part of a US$4 million (A$5.6m) round in carbon marketplace startup, Nori.  The round was led by US VC firm Placeholder along with North Island Ventures. Nori, based in Seattle, USA, has developed a marketplace for carbon removal using blockchain technology.  Nori’s first supported… Read more »

Funding

Non-alcoholic spirits brand Lyre’s raises $16 million in seed round

- September 25, 2020 2 MIN READ

Sydney-based non-alcoholic spirits company, Lyre’s Non-Alcoholic Spirit Co. has $16 million in seed round funding 18 months after launching as the startup’s growth continues to grow exponentially worldwide. The backers include VRD Investment, Doehler Ventures, DLF Venture and Maropost Ventures, with family funds in Europe, America and Australia tipping in. Lyre’s CEO and co-founder Mark… Read more »

Fintech

Business lender Lumi taps investors for $20 million

- September 21, 2020 < 1 MIN READ

Small business lender Lumi is on the hunt for $20 million from investors to expand its team and markets over the next year. Cornerstone backer the Josh Liberman Investment Group will tip in again as the company looks to develop additional product lines and improve its technology platform. The fintech offers unsecured business loans of… Read more »

News & Analysis

Subscription e-bike venture Bolt Bikes raises $16 million as it rebrands and expands globally

- August 25, 2020 2 MIN READ

An e-bike subscription venture founded by a former Deliveroo executive and a Bain & Co consultant has raised $16 million, with the government owned Clean Energy Finance Corporation (CEFC) tipping in $7 million towards the startup’s expansion in Australian and overseas. Hana Ventures, Maniv Mobility and Contrarian Ventures also took equity stakes in Bolt Bikes,… Read more »

News & Analysis

Woolworths VC fund W23 backs ecommerce startup Longtail UX in $2.25 million raise

- August 14, 2020 2 MIN READ

Retail tech startup Longtail UX has raised $2.25 million led by Woolworths Group’s venture capital arm, W23, and Steven Lew’s Global Retail Brands.  The supplementary equity comes on top of $3 million round in March this year, led by Investec through its Investec Emerging Companies Fund I. Woolworths is looking at adopting the startup’s technology across… Read more »

News & Analysis

Fintech Sezzle has raised $80 million in a round 24% cheaper than its current share price

- July 13, 2020 2 MIN READ

US-based puy now, pay later venture Sezzle (ASX: SZL) has tapped the market for A$86.3 million (US$60m) in the second major raise for ASX-listed fintechs with soaring share prices.  The company’s share price jumped more than 40% last Thursday before the ASX called a trading halt following a media speculation of the raise, which represents 8.9% of… Read more »

News & Analysis

Canva just doubled in value to $8.7bn on an $87 million raise

- June 23, 2020 2 MIN READ

● Canva raises US$60m for a US$6bn valuation ● The design platform now has 30m+ monthly users in 190 countries; ● Increases workplace collaboration tools, including talking presentations Privately-owned Australia design giant Canva has raised US$60 million (A$87m) in a round that nearly doubled the company’s previous valuation of  US$3.2 billion to US$6 billion (A$8.7bn).… Read more »

Kogan.com
News & Analysis

Kogan.com shares soar after raising $100 million

- June 11, 2020 2 MIN READ

Kogan.com shares have jumped more than 11% in early trade on Thursday morning after the online retailer announced it had successfully raised A$100 million in an institutional placement on Wednesday. Within 30 minutes of trade resuming today, shares in the multi-pronged ecommerce business (ASX: KGN), had climbed to $13.79, up from Tuesday’s closing price of… Read more »

News & Analysis

Openpay raises $33 million in a day

- June 5, 2020 2 MIN READ

Melbourne buy-now-pay-later startup Openpay’s stellar week continued on Thursday when the company raised an additional A$33.77 million through an oversubscribed local institutional placement. The raise comes in a week where Managing Director and CEO Michael Eidel announced the fintech had secured a UK funding facility for £25 million (A$46 million) for its British business, adding… Read more »

News & Analysis

SME lender Judo Bank just became a unicorn with another massive $230 million raise

- May 7, 2020 2 MIN READ

Judo Bank’s existing backers have stumped up $230 million in a third round capital raise that raises the neobank’s post-money valuation to more than AU$1 billion.  The challenger bank targets lending to small to medium-sized enterprises (SMEs) and has now raised more than $770 million in capital since its launch in March 2018, including a… Read more »

airwallex
News & Analysis

Airwallex raises $254 million in series D

- April 16, 2020 < 1 MIN READ

  Airwallex has raised US$160 million (AU$254m) in Series D to fund its expansion in Europe and the US. New investors, including ANZi Ventures and Salesforce Ventures, joined previous backers, including DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures, in the raise. The funding will also be used to expand its product… Read more »