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$2.1m). 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.
The billion dollar startup is such a powerful idea because it’s not a myth – it is a reality that dozens of companies have achieved.