US venture capital giant has once again backed online used car platform, Carma in a US$52 million (A$75m) Series A round. General Catalyst Partners led the round. MD Adam Valkin will join the Carma board. The US VC’s other local investments include Canva, BigCommerce and Buildkite Other international venture investors joining the round include Entrée Capital… Read more »
US VC Tiger Global has backed a B2B marketplace developed by the former CEO of eCommmerce platform Catch with a $28 million investment. Tiger previously backed Catch, and this week has also chipped into a Sydney grocery delivery startup’s $75 million Series A. TradeSquare is a B2B wholesale marketplace launched in 2020 by former Catch… Read more »
US VC giant Tiger Global Management has backed one of the multiple local startups hoping to carve out a slice of the rapid grocery delivery market, leading a $75 million Series A into Milkrun. Founded by Koala co-founder Dany Milham, the 10-minute delivery service only launched four months ago, having previously raised A$11 million in… Read more »
Ecommerce tech platform Rokt has raised the bar on venture capital backing for Australian startups after raising A$458 million in a Series E. It’s the biggest single venture raise in Australian history and values the business at $2.75 billion. That more that doubles the company’s valuation from A$1.36 billion in June following a secondary share… Read more »
Among the flurry of investments voracious US firm Tiger Global made earlier this year, as the world’s most active startup investor, another Australian startup caught its eye back in March, scoring a US$20 million (A$28m) seed round. Another nine months has passed in “stealth mode” and the online used car dealership, Carma is now looking… Read more »
Australia has a new unicorn fintech after Tiger Global led a $210 Series A round into European-focused payments fintech Scalapay. Baleen Capital and Woodson Capital also came aboard as new investors alongside existing backers Fasanara Capital and Ithaca Investments. Scalapay was founded just two years ago by Australians Simone Mancini and Johnny Mitrevski. Its buy… Read more »
Nearly 9000 taxi drivers just scored $152 million from Uber as compensation for its illegal launch in Australia 
Breakthrough Victoria pivots with $7.5 million startup fellowship program to create 50 startups 
Zip cofounder Larry Diamond makes his exit to focus on philanthropy 
Fresh from its $272 million win against Uber, class action lawyers Maurice Blackburn are now eyeing off Google’s adtech 
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