Funding

Parcels drop off startup Hubbed banks $12 million from government-backed investor Australian Business Growth Fund

- June 15, 2022 2 MIN READ

Last mile delivery startup HUBBED has landed $12 million from the Australian Business Growth Fund (ABGF) in a deal that sees the big banks and government backed venture capital fund take a 30% stake in the logistics business.  Amid an explosion in parcel delivery in recent years, HUBBED offers designated collection points across 2,150 convenient… Read more »

Funding

Linktree clicks on $152 million in Series B extension

- March 17, 2022 2 MIN READ

Melbourne-based social media venture Linktree has $152 million (US$110m) in a raise the company describes as a Series B extension. This third round of fresh capital comes 12 months after its initial $59 million Series B. The business is claiming a $1.8 billion valuation on the back of its latest cash injection. Linktree has been… Read more »

Topics

Local VCs not scared by tech stock sell-off

- January 25, 2022 2 MIN READ

As share markets continue to slide in a sell-off that has seen tech stocks take a beating, Australian venture capitalists remain optimistic that funding for local startups won’t dry up amid the panic. Last year set a record for venture capital (VC) funding in Australian and New Zealand startup companies which pulled in a total… Read more »

Funding

Machine learning data analysis startup Relevance AI lands $4 million as US VC Insight Partners thinks smaller

- December 3, 2021 2 MIN READ

Relevance AI, a Sydney startup founded last year to help developers do more with unstructured data and aid data scientists experiment with vectors, has raised A$4 million in a seed round. The round was led by US VC Insight Partners, which rarely heads into early-stage investment, with participation from Galileo Ventures and Archangel Ventures. The… Read more »

First AML
Funding

New Zealand anti-money laundering startup First AML raises $30 million series B

- November 2, 2021 2 MIN READ

Anti-money laundering regtech startup First AML has raised A$28.7 million (NZ$30m) in a series B. The round was led by Blackbird Ventures, with support from new investors Headline Ventures, and existing backers Pushpay founder Eliot Crowther, US firm Bedrock Capital and Kiwi VC Icehouse Ventures.  Blackbird partner Samantha Wong will join the board. The funds… Read more »

Dan Draper
Funding

Cyber security startup CipherStash raises $3.3 million in seed round

- October 22, 2021 2 MIN READ

Encryption technology startup CipherStash has raised $3.3 million in a seed round as it looks cracking the US market.  The round was led by AirTree and US VC Nexus Venture Partners, supported by Linktree CTO Zak Islam,Threatmatric co-founder Alisdair Faulkner and Buildkite’s Keith Pitt.  The startup is an end-to-end, searchable encrypted data storage platform. It… Read more »

Cooper Darling-Blair
Funding

Government relations data startup GovConnex raises $1 million as it looks to UK and NZ markets

- October 18, 2021 2 MIN READ

GovConnex, a political intelligence and relationship management platform, has raised $1 million in a round led by local VC Black Nova. The funds will be used to scales platform to organise all of Australia’s government data amid plans to expand internationally by the end of 2021.  The GovConnex platform, which launched in 2019, captures information… Read more »

Funding

Kiwi HR feedback startup Joyous raises $14 million

- September 28, 2021 2 MIN READ

A New Zealand workplace feedback startup has raised Nz$15 million (A$14.2m) as it looks to expand internationally. Joyous was founded in 2017 by brothers Mike and Phillip Carden. The raise was led by Square Peg, with existing investors AirTree Ventures and Icehouse Ventures returning for their third round. The investment will also be used to… Read more »