LaunchVic, has selected 11 new scaleups to be part of the ongoing 30X30 program, which helps fast-growing get their organisational ducks in a row on the path to unicorn status – a $1 billion+ valuation – by the end of the decade. The Victorian government’s startup body developed the fully subsidised four-month program to connect… Read more »
Casual workforce management platform Deputy is claiming unicorn status – a $1 billion-plus valuation – more than 15 years after it was founded, following a A$37 million buy in from a US strategic partner. But the Sydney-based scaleup is reluctant to talk about it, along with its investors. Deputy’s PR firm sent out a media release… Read more »
Construction tech startup HammerTech, restaurant ordering platform Mr Yum and car subscription website Carbar are among nine startups singled out by the Victorian government’s startup agency LaunchVic as potential unicorn companies under a new program to help them get there. A “unicorn” is a reference to a startup hitting a $1 billion valuation. The state… Read more »
US-based venture capital firm Insight Partners has led a US$73 million (A$95m) investment into workplace safety venture that nearly doubles the value of the startup to US$1.6bn (A$2.1bn). The deal comes just a fortnight after Insight was the sole backer of Brisbane software startup Octopus Deploy in a US$172.5 million (A$220m) round. Existing invest Tiger… Read more »
Workplace OHS app SafetyCulture has raised AU$60.5 million (US$35.5m) in series C funding, pushing the business into the unicorn club with a $1.3 billion valuation. The surprising aspect to the raise is that around half the funds will go to around 10% of the employees who’ve been with SafetyCulture for than three years, giving them… Read more »
Melbourne HR tech business Culture Amp raised US$82 million (AU$121m) in Series E to value the business at US$700 million – more than AU$1 billion. It’s the third Australian startup this year to reach the magic $1 billion valuation – “unicorn” status – after Judo Bank and Airwallex, in the second biggest tech… Read more »
Canva has hit unicorn status, raising US$40 million from Blackbird Ventures, Felicis Ventures and Sequoia China, to reach a valuation of US$1 billion.
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