Tech billionaire Mike Cannon-Brookes has spend $650 million via his family investment firm, Grok Ventures, for his stake in AGL, including $600 million in cash and $50 million in debt. The Atlassian co-founder and co-CEO is waging a public campaign to stop a demerger plan for Australia’s biggest energy company. While the initial stake was… Read more »
A $5 billion consortium bid for AGL Energy, led by Atlassian billionaire Mike Cannon-Brookes through his private venture capital firm Grok Venture, has been rejected by ASX-listed energy company as undervaluing the business. Cannon-Brookes, who last year committed to investing $1 billion through Grok on climate change startups over the next decade, teamed up with… Read more »
Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar have backed electric delivery bike startup Zoomo in an A$80 million series B. The round was led by Grok Ventures, Cannon-Brookes’ family VC, supported by Farquhar’s private VC, Skip Capital and ArcTern Ventures. Existing investors, AirTree Ventures, the Clean Energy Finance Corporation (CEFC), Contrarian Ventures and Maniv Mobility also participated in the round.… Read more »
Atlassian co-founder Mike Cannon-Brookes and his wife Annie have turned their private investment firm, Grok Ventures, into the country’s first $2 billion venture capital fund with a pledge to invest that figure into climate change-focused companies. Cannon-Brookes, estimated to be Australia’s third richest person with a personal fortune of around $33.5 billion, went public today… Read more »
Finance-for-kids fintech Spriggy has raised a $35 million Series B round led by NAB Ventures. Perennial Value Management also invested, with previous backer, Grok Ventures, the family investment vehicle of Atlassian co-founder Mike Cannon-Brookes and his wife, Annie, also topping up the piggy bank. Grok led the $12 million Series A round in 2019 as… Read more »
One of these things is not a nanosatellite. South Australian startup Fleet Space Technologies has raised US$7.35 million (AU$10.8m) to fund internet of things (IoT) connectivity to remote industries using nanosatellites. Global funds Momenta Ventures and Horizons Ventures – the private investment arm of Hong Kong billionaire Li Ka-shing- led the raise, with local funds Blackbird… Read more »
Brighte has announced the close of a $4 million Series A round led by Grok Ventures, with the funds to be used to further build out the Brighte platform.
‘Have I gone too far?’ How founders can beat their startup demons 
Tassie carbon accounting startup banks $5.3 million Seed round 
Smart hotels get even smarter: 72 Byte to launch in Australia with AI expert backing 
Eucalyptus head of growth Matt Rossi departs to launch his own marketing startup, Oodle 
Daily startup news and insights, delivered to your inbox.
