Now might be exactly the right time in Australia to start a fintech, but what exactly the best investors are looking for can be a mystery for new founders.
Education startup Ed App has raised $4 million in funding from workplace safety-focused scaleup SafetyCulture.
Airtree Ventures has participated in a $2.5 million seed round for Singapore startup Transcelestial Technologies, joining investors including Wavemaker Partners, which led the round, and 500 Startups.
Government and business must overcome short-term thinking if Australia is to prosper: Hostplus CIO Sam Sicilia
Having invested $900 million into venture capital so far, Hostplus CIO Sam Sicilia believes the fund is helping to build a prosperous future for Australia.
Sydney startup WORK180, which looks to connect women with roles at organisations with a focus on gender equality, has raised $1 million in a Series A round led by Skip Capital to help pursue expansion in the US.
NAB has allocated a further $50 million in funding over the next two years to its venture capital fund NAB Ventures, bringing the total allocated to the fund until 2020 to $100 million.
Singapore-based venture capital firm Qualgro has announced it has completed the first close of its second fund, with US$60 million of the US$100 million ($137 million) target committed.
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.