Almost $850 million (US$630 million) of venture capital was invested in Australian startups in the 2017-18 financial year, a new record for the local ecosystem.
Melbourne fintech company Credit Clear, which automates the process of requesting payments from customers, has raised $8.5 million in funding from investors including Regal Funds Management.
Melbourne-headquartered video production marketplace Genero has raised $4 million in a funding round led by existing backer Ellerston Capital to pursue growth in the United States.
VC firm Reinventure Group has closed its third $50 million fund, with Westpac once more backing the firm as it looks to expand its focus to Asia-Pacific.
Australian VC firm Blackbird Ventures has announced the closing of its third fund, raising $225 million from the likes of Hostplus and the Future Fund.
Australia’s BlueChilli has partnered with Singapore-founded venture capital firm Hatcher+ in a deal that will see US$125 million ($162 million) invested in up to 240 startups identified by BlueChilli over the next three years.
At AirTree, we often get founders asking us how they can improve their sales performance and the answer always involves a deep dive into their sales funnel metrics.
Australian VCs come together to support women-led startups with office hours on International Women’s Day
To be held at Fishburners on International Women’s Day will be a group session helping founders work through a problem, followed by 1:1 office hour slots.
Venture capital investment into Australian startups grew 1.4 percent in 2017 to hit US$555.63 million ($698 million), though the number of deals fell from 185 in 2016 to 135.
Auckland-based SaaS platform Thematic today announced it has raised US$1.22 million in seed funding to continue its international growth.
Tempus Partners has announced the establishment of ‘Tempus Fund 2’, a $40 million fund with which it will look to invest in local B2B and scalable startups.
Galileo Ventures, is looking to raise $20 million to support startups founded by students at Australian and New Zealand universities.
Sydney fintech Simply Wall St has raised $2.4 million in funding from its user base, which has now grown to 100,000 users across five global markets.
Australian VC has “come of age”, with a record $568 million raised in the 2016 financial year and an estimated $1 billion raised since last July.