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 »
Drawboard, a tech startup reducing the physical paper used by the design and construction industries, has raised $US6 million (AU$9 million) for further expansion in the US. The round was led by US VC fund Blackhorn Ventures, which lands a board seat, and supported by Steve Baxter’s TEN13. Founded by a former engineer and investment… Read more »
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 »
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 »
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 »
Judo Bank, the nascent fintech for SMEs, is once more on the hunt for cash, hoping to find another $400 million in a round 3 capital raise, just seven months after it set the Australian record for private funding for a startup round, with the same figure. The digital bank’s round 2 was initially meant… Read more »
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 »
A 25-year-old University of New South Wales medical student who launched a medtech startup to solve the problem of finding patients for clinical trials has just raised $6 million in Series A less than a year after launching. Manuri Gunawardena (pictured) is founder and CEO of HealthMatch, which is a bit like Tinder for… Read more »
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 »
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 »
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 »
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 »
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 »
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 »
This is Startup Daily’s regular roundup of investment raises in the Australian and New Zealand startup sectors. At the end of each month we’ll give you a snapshot of that month’s investment activity. If we missed your raise, please let us know (contact details below). Sept 30: Sydney fintech DiviPay, a virtual credit… Read more »
NSW Premier hints at stage 3 lockdowns as COVID-19 cases continue to jump
Stimulus 3 will pay each business $3000 a month per worker to keep them in a job
Australia’s massive $130bn stimulus package will pay businesses $750 a week for each worker they keep in a job
Stage 3 shutdowns are coming, Victorian premier warns
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