Fashiontech startup Mon Purse, which allows customers to design their own handbags, has raised $3.1 million in a Series A round.
Townsville tech company SafetyCulture has announced that it has secured $6.1 million in its oversubscribed Series A round of funding – most of the investors in this round are existing shareholders. The latest round brings the total amount of funds raised by the startup to just under $11 million, with investors including Bill Tai, Blackbird Ventures and Farquhar, who is also a backer of Blackbird.
Sydney startup Divvy Parking, which allows individuals and businesses to lease out parking spaces to drivers, has today announced the closing of a $2.5 million Series A round.
CapitalPitch is a new equity investment platform for startups looking to raise a Series A, but it also has an education element
Australian founders have long expressed a longing for an investment environment that supports startups throughout the entirety of their lifecycle. Seed capital and Series A funds are now easier to raise compared to five years ago, however only a small percentage of startups make it to Series A.
In 2014 there were 733 Series A rounds raised by U.S. seed stage startups (excluding biotechnology, pharmaceuticals, cleantech and energy startups for this analysis).
The median Series A round size was $5M (average was $7.2M), and the median team size was 15 people at the time the round was announced, suggesting this might be the minimum viable team size for investors targeting a “run the fund” outcome (or at least 3x return). [Source: Mattermark.com]
Workible release a new feature, but the real question is – who’s involved in their current Series A round?
Last week I wrote about new hospitality focused recruitment tool and community hub Dippla. I talked about how they would face tough competition in the face of well funded startups such as OneShift and Workible. Especially in that hospitality and entry level job market.
I couldn’t have been more correct, as this week Workible confirmed with Startup Daily that they are about to set live a new feature called “shift swap and cover”.