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 »
SME online lender Capify has raised $14 million in an equity round with the Goldman Sachs Merchant Banking Division continuing to back the fintech through its existing credit facilities. The investment – Capify’s first, having landed a $135 million credit facility from Goldman Sachs in 2019, marks a return to lending for the fintech after… Read more »
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 »
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 »
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 »
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 »
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 »
Buy now, pay later fintech Afterpay will raise $800 million in new equity, topped up to $1.05 billion with billionaire founders Anthony Eisen and Nicholas Molnar each selling down a 10% stake in their existing holdings in the company, worth $250 million in total, as part of the raise. Afterpay put its shares in a… Read more »
● 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 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 »
● Kogan.com is raising $100 million on the ASX in a fully underwritten placement at A$11.45 per share ● The price is a 7.5% discount to Tuesday’s closing price of A$12.38 ● An addition $15 million is being raised via a share purchase plan ● The raise is “to act quickly on future value accretive… Read more »
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 »
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 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 »
Workplace OHS app SafetyCulture has raised AU$60.5 million (US$35.5m) in series C funding, pushing the business into the unicorn club with a $1.3 billion valuation. The surprising aspect to the raise is that around half the funds will go to around 10% of the employees who’ve been with SafetyCulture for than three years, giving them… Read more »
Antler Sydney just invested more than $2 million in its largest-ever cohort of new startups
Victoria is easing lockdown restrictions – amid hopes to open up more ahead of November 1
Afterpay shares crashed through the $100 barrier after announcing a savings account deal with Westpac
Facebook boss Sheryl Sandberg’s advice for women to ‘lean in’ and be more confident doesn’t help – and the data shows it
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