Artificial Intelligence

AI startup Sourse lands $1.5 million to take the gut feel out of executive decisions

- July 7, 2021 2 MIN READ

Machine learning startup SourseAI has raised $1.5 million to help bosses make fewer calls based on their gut feeling. The round was led by Aligned Equity and TV and radio company Southern Cross Austereo (SCA), making its second investment in an AI-based analytics startup after backing spoken word analysis venture Sonnant earlier this year. The… Read more »


Reddit’s co-founder backs $65 million series B into a fake chicken nuggets startup founded by a teen Australian

- June 9, 2021 2 MIN READ

Simulate, a New York startup that makes “simulated” chicken nuggets, founded two years ago by Australian Ben Pasternak when he was just 19, has raised US50 million (A$65m) in a series B. The round was led by Reddit co-founder Alexis Ohanian, husband of tennis champion Serena Williams, through his VC fund Seven Seven Six. Ohanian… Read more »

Lucas Meadowcroft, Tribu

US investor Jason Calacanis and Brisbane Angels back IT startup Tribu in $1.25 million seed round

- June 8, 2021 2 MIN READ

Brisbane artificial intelligence startup Tribu, which aids IT helpdesks and managed service providers (MSP) automate assistance requests, has raised $1.25 million from Brisbane Angels and the California syndicate founded by US investor Jason Calacanis. Tribu is using machine learning and AI to help IT support companies deal with what the industry calls “level 1” calls… Read more »

UpGuard, cybersecurity, US

Australian insurer IAG doubles down on cybersecurity startup in $25 million raise

- June 8, 2021 2 MIN READ

Insurance giant IAG’s VC arm, IAG Firemark Ventures, has led a US$19 million (A$25m) series “B-1” raise into Australian cybersecurity startup UpGuard. Firemark was among several investors backing the nine-year-old business once again, including Pelion Venture Partners, Square Peg Capital and August Capital, bringing the total raised to A$59 million, following a previous raise in… Read more »

Mike Powrie, founder, CloudWave

SaaS startup CloudWave lands $2 million series A to expand globally

- June 1, 2021 2 MIN READ

The forced closure of customer contact centres during the coronavirus pandemic delivered a silver lining for Cloudwave, which has raised $2m in a series A to expand into Asia and the US. The oversubscribed $2m round was led by Moelis Investment Bank, supported by Singapore-based VC fund Vulpes Investment Management. The cloud-based Software-as-a-Service (SaaS) startup… Read more »


A new e-commerce startup backed by Catch Group’s founders lands $30 million from CBA before launching

- May 25, 2021 2 MIN READ

A new e-commerce venture originally developed by Catch Group founders Gabby and Hezi Leibovi’s has scored a record $30 million from the Commonwealth Bank prior to its launch. CBA’s taken a 23% stake in Little Birdie, valuing the business at $130 million before the online retail deals marketplace has sold a single product. The Melbourne… Read more »


Assembly Payments spin-off lands $25 million

- May 24, 2021 2 MIN READ

White-label payment technology provider, mx51, which last year span out of fintech Assembly Payments, has raised $25 million in its first round, led by Acorn Capital, Artesian, Commencer Capital and Mastercard. The Sydney-based fintech claims to be the first Australian fintech to develop a bank-grade, modern, Payment-as-a-Service platform, offering integrated payment solutions for merchants. Last… Read more »

News & Analysis

Proptech startup Rental Heroes raises $1 million seed round to go global

- May 20, 2021 2 MIN READ

Melbourne proptech startup Rental Heroes has raised $1 million in seed funding for its AI-based tenant request SaaS platform. Seed investment group Investible led the round, with existing investor, Artesian, once again backing the two-year-old startup alongside US-based Hustle Fund and Morten Birk Belling, managing director of Menulog ANZ.   Rental Heroes is pioneering the use… Read more »

real estate

Fintech lender Athena banks $90 million series D

- May 11, 2021 < 1 MIN READ

Fintech Athena Home Loans has raised $90 million in its latest funding round. A range of previous investors returned for the series D, led by Square Peg Capital, including AirTree Ventures, Macquarie Bank, superannuation funds AustralianSuper, Hostplus, and Sunsuper, plus Salesforce Ventures, and Apex Capital. Athena previously raised $70 million in a series C in… Read more »


Linktree clicks on $59 million in Series B

- March 26, 2021 < 1 MIN READ

Melbourne-based social media venture Linktree has tapped the market for more cash, just five months after its A$15 million series A, raising another US$45m (A$59m) in a Series B The round was co-led by European VC Index Ventures, and New York’s Coatue. AirTree Ventures and Insight Partners returned as investors with a Who’s Who of… Read more »


Cultured meat startup Vow raises $7.7 million in seed round

- January 7, 2021 < 1 MIN READ

Cell-based meat production startup Vow Foods has raised $7.7m (US$6m) in a seed round led by Square Peg Capital, alongside Blackbird Ventures, Grok Ventures and new investor Tenacious Ventures. James Tynan from Square Peg will join Vow’s board. The cellular agtech startup, based in Western Sydney, began with lab-grown meat from pork and kangaroo cells… Read more »