Funding can be the difference between slower organic growth and fast-tracking your business to success, whether it’s used to hire staff or pay for resources to boost your progress. There’s a way to kindle your business without needing to bootstrap on your own or appealing to investors too early in your journey. Grants are a… Read more »
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 »
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 »
Australian tech startup Buildxact has raised $18.5 million in a series A as it launches in the UK. The SaaS (software-as-a-service) tech solution for residential builders is already in the US and Canadian markets and the funds will enable rapid growth in North America, alongside a launch in the UK this week. The raise values… Read more »
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 »
A tech consulting venture that helps companies and governments build and market apps, from Qantas to the ATO, has raised $3 million as it looks to go on an acquisition spree. Sydney-based Terem Technologies, founded in 2011 by Scott Middleton, raised the cash in a round led by Sydney investment firm Parc Capital. Middleton said… Read more »
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 »
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 »
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 »
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 »
Enterprise compliance startup EncompaaS has raised $14 million as it looks to go global The raise for the corporate governance SaaS provider was led by CVC Emerging Companies, Future Now Capital, and private investment company Marshall Investments. EncompaaS CEO Jesse Todd said the funds will be used to further develop and take its suite of… Read more »
Sydney envirotech startup Pathzero has raised US$5 million (A$6.8m) as it looks to expand globally. The round was led by VC Carthona Capital, with Antler Australia – the startup emerged out of the Antler program – and impact investor, Phil Vernon. Former Commsec MD Paul Rayson also signed on as one of several new investors. … Read more »
Legal tech startup Lawpath has raised $7.5 million in a fresh round to ramp up its local and international expansion. The business previously raised $4.4 million in 2019 for its push into Asia, on top of $1.8 million in 2018 in an equity deal with US online law pioneer LegalZoom, and $1.3 million in 2015.… Read more »
Sydney insurtech Cover Genius has capped a staggering month of capital raises for Australian startups, raising $100 million in a series C. The round was led by Singapore office of Japanese insurer Sompo Holdings, chipping in around $68 million, joined by Silicon Valley VC G Squared and existing investors. The funding will be used to… Read more »
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 »
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