Victorian solar generation and thermal storage company RayGen has kicked off a Series D raise with $20 million from Breakthrough Victoria alongside a US$20 million (A$31m) follow-on investment from NYSE-listed SLB, as part of plans to expand offshore. RayGen uses proprietary photovoltaic solar modules that generate nearly 2,000 times more power than traditional photovoltaic systems… Read more »
Gold Coast-based Gilmour Space Technologies has raised $55 million in a Series D ahead of a maiden launch in Queensland later this year. The raise was led by the state government-backed Queensland Investment Corporation (QIC), an existing investor, alongside VCs Blackbird and Main Sequence, plus superannuation funds HostPlus and HESTA. The cash will fund the… Read more »
Sydney business payments fintech Till Payments has raised $70 million in a Series D, having shed 40% of its staff earlier this year. The company cut 120 staff at the start of 2023 amid a 5-month hunt for capital ahead of plans to list on the US NASDAQ later this year. “Despite our significant successes,… Read more »
Brisbane-based online corporate training marketplace Go1 is Australia’s newest unicorn startup after raising a whopping US$200 million (A$273m) series D. Japanese investment powerhouse SoftBank’s Vision 2 fund led the round, announced less than a fortnight after it backed another Brisbane startup, Skedulo’s $100 million raise. Others investors in the latest Go1 round include AirTree Ventures… Read more »
Melbourne fintech Airwallex has topped up its Series D round by 50%, raising an extra US$100 million (A$130m) for a total of US$300m. The raise gives the privately owned business a new valuation of US$2.6 billion. The company is hoping to generate $100 million in revenue this year. Airwallex says the funds will be used… Read more »
Airwallex has topped up its US$160 million (AU$254m) series D raise from April with an extra US$40 million ($57m) with Skip Capital, the family investment fund run by Kim Jackson with her husband, Atlassian co-founder Scott Farquhar. Regular backer Square Peg Capital also returned for the latest cash injection, which continues to value the… Read more »
Non-bank lender Moula has raised $20 million in Series D equity funding to scale up its business lending. The round for the Melbourne fintech, which offers same-day, short-term loans worth $5,000-$500,000, was led by Escala Partners supported by existing shareholders Liberty Financial and Acorn Capital. Moula previously raised $30 million in 2015. Co-founder and CEO Aris Allegos (pictured above)… Read more »
Payright co-founders Piers Redward and Myles Redward. Photo: supplied Melbourne-based payment instalments startup Payright has raised $27 million Series D funding in a mix of debt and equity as it pushes to grab a bigger slice of the buy now, pay later retail market. The three-year-old venture has now raised more than $55 million… Read more »
Vend has announced the appointment of former Yelp director Dave Scheine as the company’s new country manager for Asia-Pacific.
Prospa has announced that it has raised a $20 million debt facility from Silicon Valley based VC firm Partners For Growth.
National Australia Bank has led a US$24 (AU$32) million Series D round for Toronto-based cloud accounting startup Wave through its VC fund, NAB Ventures.
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