A Canberra-based air traffic management startup has banked $120 million for plans to run the system from space. The round in Skycraft was led by Australian arm of UK-listed fund manager Foresight, supported by CSIRO VC fund Main Sequence Ventures and Canadian pension fund OPTrust in a raise that took two years to complete. A… Read more »
Sydney-based logistics startup Ofload has raised $60 million in Series B round of equity and debt. The raise comes 11 months after the company’s $20 million Series A. The round was led by Singapore VC, Jungle Ventures, alongside existing investors Maersk Growth, the venture arm of transport and supply chain giant AP Moller – Maersk, as… Read more »
Sydney logistics software startup Ofload has acquired Melbourne freight specialist CIA Logistics in its first deal to expand nationally. Founded in 2020 with a focus on cutting inefficiencies in the trucking industry and reducing its environmental impact, this is Ofload’s first acquisition, taking its headcount to more than 120 employees in Sydney, Melbourne and Brisbane,.… Read more »
Product and pricing management SaaS startup ProductEngine has raised $1.2 million in Seed capital. The round was led by venture capital firm Folklore, with support from accelerator program Startmate. The Brisbane startup will use the investment to double its team and expand into new markets, including the US and Europe. Founded in 2019 by Jarrad… Read more »
Order fulfilment venture Shippit has raised $30 million in a series B round to expand in Asia and Australia. The round was led by New York based investment fund Tiger Global Management, which earlier this year closed an oversubscribed US$3.75 billion private-equity fund to invest in private tech companies. Germany’s Global Founders Capital was also… Read more »
Sydney logistics tech start-up Loadsmile, which only launched ahead of 2020’s coronavirus pandemic, has rebranded as Ofload and raised $2.8 million in seed funding, backed the world’s biggest shipper, Maersk. Maersk’s venture arm Maersk Growth, led the round, which between March and July at the height of the lockdowns, with support from global seed VC… Read more »
Revenue up 23% on FY19 to $429.4m Operating profit flat at $80.5m Net profit after tax up 197% to $160.8m Underlying NPAT flat at $52.6 million Dividend of 1.6 cents per share Shares in Sydney-based logistics tech company WiseTech Global skyrocketed 34% on Wednesday following the release of its 2020 financial year results. The Company… Read more »
Wisetech Global CEO & founder Richard White. WiseTech is a Sydney-based logistics company that’s pushed hard into tech in recent years Its shares jumped after beating its own revenue growth predictions for FY19 The company has invested heavily in tech development and acquisitions to scale rapidly Operating profit increased 37% to $80.2 million WiseTech… Read more »
Fresh off raising $33 million Series C round in October, Airtasker is gearing up for a busy Christmas period, today announcing a partnership with Coles to trial a delivery service across 64 Sydney stores.
Despite the buzz around on-demand startups, running a business based on logistics is difficult for everyone, whether it’s Deliveroo or smaller players.
FreightExchange aims to reduce inefficiencies in the freight industry by filling a truck’s empty space
FreightExchange connects carriers with extra capacity to those needing shipping, allowing a carrier to fill a gap in their truck with a smaller load.
Melbourne logistics company GetSwift, which raised $5 million through an ASX listing last December, has raised $24 million from a collection of US-based and local investors.
Passel is a crowdsourced delivery service using regular people already near the local store to complete the final mile delivery.
Shippit has closed a $2.2 million Series A funding round led by Aura Group, with the company looking to leverage the investor’s expertise and networks in the Asia Pacific region.
This will allow any vendor using the point-of-sale system to essentially become a delivery-ready store, with GetSwift automatically queueing, batching, routing, and dispatching the delivery of any products purchased through an Albert POS.