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 »
News & Analysis shares soar after raising $100 million

- June 11, 2020 2 MIN READ 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 »

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 »

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 »