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 »
Car Next Door co-founder and CEO Will Davies Automotive giant Hyundai has doubled down on its support for vehicle -sharing marketplace Car Next Door, which lets people rent out the cars, investing another $6.2m in the venture in the hope that more people will buy more of the South Korean manufacturer’s products to rent out.… Read more »
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 »
This is Startup Daily’s regular roundup of investment raises in the Australian and New Zealand startup sectors. Each Friday will give you a snapshot of the week’s investment activity. If we missed your raise, please let us know (contact details below). Quantum computing startup Q-CTRL has raised US$15 million (AU$22m) in a Series A round led… Read more »
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 »
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 »
Melbourne HR tech business Culture Amp raised US$82 million (AU$121m) in Series E to value the business at US$700 million – more than AU$1 billion. It’s the third Australian startup this year to reach the magic $1 billion valuation – “unicorn” status – after Judo Bank and Airwallex, in the second biggest tech… Read more »
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 »
Welcome to Startup Daily’s new weekly roundup of investment raises in the Australian and New Zealand startup sectors. Each Friday will give you a snapshot of the week’s investment activity. If we missed your raise, please let us know (contact details below). Parental engagement platform Circle In has raised $1.5 million seed investment led… Read more »
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 »
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 »
Judo Bank just smashed records for the largest individual private funding round by an Australian startup The $400 million includes international funds from Bain Capital The bank is focused on lending to SMEs and was granted its full banking license in April Judo is on track to lend $1 billion to small business by… Read more »
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 »
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 »
Afterpay Touch boss David Hancock received the Finnies award for FinTech Organisation of the Year last week. The buy now pay later fintech startup is seeking $300 million from the sale of 13.8m new shares at a 10% discount. A share placement plan with existing shareholder could raise up to $30m after that. Founders Anthony… Read more »
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