Venture capital firm Antler Australia has thrown down the gauntlet on the worth of early-stage startups, upping its investment levels and the post-money valuations for companies it backs. Under new terms announced today, Antler will increase its initial investment by $35,000 to A$225,000 for the same 12% equity stake. The new deal increases the post-money… Read more »
LaunchVic’s Alice Anderson Fund has backed the first five startups in the $10 million co-investment fund, tackling ideas that range from recycled clothing to children’s toys and fitness. The Victorian Fund’s inaugural round has seen it make $727,167 in direct investments – along with more than $2.3 million in co-contributions from private investors – to… Read more »
ASX-listed Touch Ventures has backed Melbourne VC Skalata Ventures as it looks to raise $50 million for its second fund. The Touch investment takes commitments to the fund past the $25 million mark. Afterpay co-founder Anthony Eisen has also taken a personal stake in Skalata Fund II, which is aiming to support 50 Australian startups… Read more »
Sydney venture capital firm Investible has closed its second early-stage investment fund oversubscribed, with AU$51.6 million in committed capital. The VC hit $35 million for the Fund 2 in June. The final figure more than doubles the $22.5 million raised for Fund 1 in 2019, delivered in 9 months – half the timeframe of its… Read more »
VC firm Hatcher+ and Wholesale Investor will invest A$10 million in 50+ startups The fund will use deep learning to invest in promising technology companies through to series A The fund will partner with leading incubators, accelerators, and research groups. Australian investment platform Wholesale Investor has launched a joint venture plan to raise A$10 million… Read more »
One of Sydney’s leading startup accelerator and investment firms, BlueChilli, is shifting away early-stage startups to focus instead on scale-up companies instead, the company has announced. In response to the changing priorities of its corporate backers, BlueChilli will pivot in 2020, having expended the $10 million in the BlueChilli Venture Fund on early-stage startups… Read more »
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