James and Robbie Ferguson
Funding

Gaming startup Immutable raises $82 million series B for Ethereum NFT trading play

- September 15, 2021 3 MIN READ

Sydney gaming startup Immutable has raised A$82 million to ramp up its Ethereum-based trading platform in non-fungible tokens (NFTs). The round was co-led by California’s BITKRAFT Ventures and Sydney’s King River Capital. Other backers include AirTree Ventures, Prosus Ventures, Galaxy Interactive, Fabric Ventures, FTX, Reinventure, Apex Capital, and VaynerFund. The raise comes two years after… Read more »

Prospection
Funding

Healthcare data analytics startup raises $45 million series B

- September 13, 2021 2 MIN READ

Sydney health analytics startup Prospection, which uses AI and machine learning to provide patients insights on potentially life-threatening diseases, has raised $45 million in a series B. The round was led by Ellerston Capital’s JAADE fund, chipping in $30 million, with the balance coming from existing backers, the CSIRO VC fund Main Sequence Ventures, and Hong… Read more »

Sydney
Funding

Digital twins startup Willow builds $58 million pre-series B backed by former Macquarie boss Nicholas Moore 

- September 10, 2021 2 MIN READ

Sydney-based digital twin tech startup Willow has raised US$43 million (A$58 million) in a pre-Series B. Existing shareholders, including Willow Chairman Nicholas Moore, the former Macquarie Group CEO, and Willow director Jim Cooney, doubled down on their investment along with institutional investor Perennial Value Management. The four-year-old software venture also took on WatermanCLARK co-founder Ric Clark, the former… Read more »

Pasha Rayan, Tom Brunskill
Funding

Workplace skills edtech Forage raises $35 million series B

- August 20, 2021 2 MIN READ

Skills training startup Forage has raised US$25 million (A$35m) in a series B. The round was led by Blackbird Ventures, with participation from Telstra Ventures, Citi Ventures, Gaingels, Cap Table Coalition, ETF@JFFLabs and existing investors Lightspeed Venture Partners and FundersClub. The raise comes less than 12 months after the four-year-old Y Combinator graduate, previously known as InsideSherpa, landed a US$9.3 million series A. Forage… Read more »

Funding

Debt collection fintech Indebted raises $25 million series B

- July 19, 2021 2 MIN READ

InDebted, the Sydney fintech that successfully collects outstanding debts with digital carrots rather than sticks, has raised $25 million in a series B. The round was led by Perennial Value Management alongside follow-on investments from Carthona Capital, Reinventure and Mass Mutual Ventures Southeast Asia, as well as several prominent local investors, including former Tiger Global… Read more »

brain
Funding

Mind mapping startup’s $40 million Series B backed by mining billionaire Gina Rinehart

- July 12, 2021 2 MIN READ

A Sydney data startup developing using machine learning software to map the brain and treat disorders such as depression, dementia and PTSD has raised $40 million in a series B. The investors reportedly include Western Australian mining billionaire Gina Rinehart and Sydney’s Gretel Packer, as well as Platinum Asset Management co-founder Kerr Neilson, and Caledonia… Read more »

Agritech

New Zealand agritech startup Halter has raised $29 million in Series B for a ‘cowgorithm’ to create fenceless farming

- April 27, 2021 3 MIN READ

A New Zealand agritech startup fitting cows with GPS-enabled solar collars to “guide” cows around pastures using sound and vibrations, creating virtual fences via an app, has raised A$29 million in a series B round. Halter says it is bridging the gap between human and animal understanding to transform farming. The series B round was… Read more »

Funding

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 »

News & Analysis

Goldman Sachs backs $70 million series B for Sydney cybersecurity startup Secure Code Warrior

- December 11, 2019 2 MIN READ

Global cybersecurity startup Secure Code Warrior has raised US$48 million (AU$70m) in Series B funding in a round led by US investment bank Goldman Sachs. A number of US investors, including the investment arm of IT multinational Cisco and ForgePoint Capital also joined the round alongside existing backers AirTree Ventures and Paladin Capital Group, who… Read more »