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 »
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 help companies find, recruit and develop talent, connecting HR systems providing insights into the skills of their workforce.… 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 »
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