US-based Tiger Global Management’s aggressive global investment strategy has seen it lead a $40 million funding round for Robinhood-like Australian digital broker Stake. The New York investment firm has previously backed local startups Tyro and Safetyculture, alongside the likes of Coinbase, Airbnb and Clubhouse, and was joined in the round by partners of London-based DST… Read more »
Australian e-bike venture Zoomo has raised $16 million in a fresh round just eight months after a $16 million series A. The new raise, led by AirTree Ventures as a new investor, also saw existing backers the Clean Energy Finance Corporation (CEFC), Maniv Mobility and Contrarian Ventures. Cleantech-focused US investors Winthrop Square and Wisdom VC… Read more »
US-based venture capital firm Insight Partners has led a US$73 million (A$95m) investment into workplace safety venture that nearly doubles the value of the startup to US$1.6bn (A$2.1bn). The deal comes just a fortnight after Insight was the sole backer of Brisbane software startup Octopus Deploy in a US$172.5 million (A$220m) round. Existing invest Tiger… Read more »
Melbourne-based ESN Cleer says it’s now just months away from delivering a major medical breakthrough – the world’s first early risk detection screening test for heart disease – after raising $650,000 via crowd-funding site VentureCrowd. The raise was topped up by another $50,000 direct investment. The medtech startup has developed a simple saliva test that… Read more »
Australian design giant Canva has a staggering new valuation of US$15 billion (A$19.6bn) following a fresh US$71 million (A$93m) investment. That figure more than doubles the company’s last A$8.7 billion valuation in less than 12 months following an A$87 million raise in June 2020. In just 18 months, the privately-owned design startup has more than… Read more »
Consumer Data Right startup Adatree has raised $1.2 million in a seed round co-founder Jill Berry says was nearly three-times oversubscribed. Tyro Payment co-founder Peter Haig and the company’s chair, Kerry Roxburgh, led the round alongside Equity Seed, Kylie Frazer and Rachael Neumann of Eleanor Ventures, and bank executive Angus McBean. Equity Seed’s Mark Hutchins is… Read more »
When Michael Koss landed in India last year to work on developing his joint venture Australian-Indian startup, Digitology Healthtech, little did he realise the important role the technology would play in his own health and saving his life. Koss is CEO of Health and Patient Services (HPS), which is developing the startup with Indian healthcare… Read more »
Beforepay (previously Cheq), the fintech version of a payday lender, has raised $9 million in a pre-IPO round led by Alium Capital. The company is looking to list this year, having now raised around $17 million. Its previous round was $4 million just two months ago, led by Vocus founder and Airtasker chair James Spenceley. The… Read more »
Security industry tech platform Guardhouse raised $850,000 in seed funding late last year as it prepared to launch in the UK market. The Sydney startup, co-founded in 2018 by Julian Cartwright, Jack Alpe, Andrew Longworth and Keith Longworth aims to be an to be an all-in-one solution for security industry workforce management to improve workflow between… Read more »
Order fulfilment venture Shippit has raised $30 million in a series B round to expand in Asia and Australia. The round was led by New York based investment fund Tiger Global Management, which earlier this year closed an oversubscribed US$3.75 billion private-equity fund to invest in private tech companies. Germany’s Global Founders Capital was also… Read more »
Inventory forecasting software StockTrim achieved international sales in the UK, Australia and US immediately after launching in 2017. It’s been growth ever since, and in 2020 the Kiwi company pitched for seed funding to scale up. StockTrim came out successful – oversubscribed, in fact. The fund raise required three in-person pitches, seven Zoom pitches and… Read more »
Fintech Limepay has tapped its investors for another $21 million, just seven months after raising $6 million. The company, which offers retailers a white label buy-now-pay-later solution, launched the pre-IPO raise in October shortly after signing on games retailer EB Games as a client. The platform is built on the technology of US payments fintech… Read more »
Sydney software startup Elenta has closed has oversubscribed seed round less than six months after launching, raising $1 million. The corporate learning venture, which launched in June through Antler Australia’s Sydney accelerator program. Having given the brand-new venture a pre-seed investment, Antler followed on with the seed round, which was also backed by Black Nova Group… Read more »
Aconex co-founder Rob Phillpot has backed Melbourne-based builder software company Buildxact in a $6 million raise, 12 months after his fellow co-founder became an investor in the nine-year-old startup. Jasper returned to back the latest round. Buildxact creates software for residential builders for estimating and job management. The cloud platform streamlines the building process from… Read more »
New Zealand virtual pharmacy startup, ZOOM Health, which founder David Taylor calls the “Uber Eats of prescriptions”, is looking to raise NZ$3 million via Kiwi investing marketplace Snowball Effect. Taylor, ZOOM’s MD, founded the healthtech venture in 2017, targeting people on multiple medications who struggle to get to the pharmacy with a delivery option. “Whilst… Read more »
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