Funding

Debt collection fintech Indebted raises $25 million series B

- July 19, 2021 2 MIN READ

InDebted, the Sydney fintech that successfully collects outstanding debts with digital carrots rather than sticks, has raised $25 million in a series B. The round was led by Perennial Value Management alongside follow-on investments from Carthona Capital, Reinventure and Mass Mutual Ventures Southeast Asia, as well as several prominent local investors, including former Tiger Global… Read more »

farming
Funding

Woolies backs meat-free protein startup in $3.5 million raise

- July 14, 2021 2 MIN READ

Sydney plant-based proteins startup Harvest B has raised $3.5 million in seed funding just 12 months after launching. The seed raise was led by Aura Ventures and W23, the venture capital arm of supermarket giant Woolworths. The startup also landed a $1 million grant from the federal government’s Advanced Manufacturing Growth Centre Commercialisation Fund. It… Read more »

Future of work

From student to startup: A career path to modernise Australia’s economy

- July 14, 2021 3 MIN READ

In recent years, Australia has produced dozens of hugely successful technology companies including Atlassian, Canva, BigCommerce, Afterpay and Aconex.  The scale of their success shows that startups not only generate positive returns and recognition but also build technology and innovation capability, productivity and job creation.  Yet Australia is only ranked 23rd on the Global Innovation… Read more »

STEM
Insights

Why investors should back female-led startups

- June 29, 2021 3 MIN READ

When deciding what startups to back, investors would be smart to consider female-led companies. Research shows that startups with female founders consistently outperform those led solely by men, generating higher profits and higher returns on investment. A study by BCG and MassChallenge found that female-led businesses generated 12% higher revenues annually, using an average of… Read more »

Aulay Macaulay, Ento
Funding

Workforce management startup Ento closes $5m series B

- June 11, 2021 2 MIN READ

Melbourne-based workforce management startup Ento has closed a $5 million Series B, with its backers eyeing an ASX listing. The round was led by Perennial Value Management, with existing investor AirTree Ventures chipping in once again. The funds will be used to double the size of the current team of 40, open offices in Sydney and… Read more »

Amy Lesnick, Pledge 1%
News & Analysis

The world’s biggest VC firms are backing Pledge 1% to help startups donate $6.5 billion to charity

- June 9, 2021 3 MIN READ

Philanthropic movement Pledge 1% has partnered with the world’s leading venture capital firms with a goal of donating A$6.5 billion (US$5bn) in new charity funding over the next five years. The new program, Boardroom Allies, will see a group of leading US and global VCs, including Australia’s Blackbird Ventures, commit to helping portfolio companies set… Read more »

Funding

Homegrown e-bike startup Zoomo pedals $16 million raise

- May 4, 2021 2 MIN READ

Australian e-bike venture Zoomo has raised $16 million in a fresh round just eight months after a $16 million series A. The new raise, led by AirTree Ventures as a new investor, also saw existing backers the Clean Energy Finance Corporation (CEFC), Maniv Mobility and Contrarian Ventures. Cleantech-focused US investors Winthrop Square and Wisdom VC… Read more »

Funding

US VC Insight Partners invests in $95 million round for SafetyCulture at $2.1 billion valuation

- May 3, 2021 2 MIN READ

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 »

Agritech

New Zealand agritech startup Halter has raised $29 million in Series B for a ‘cowgorithm’ to create fenceless farming

- April 27, 2021 3 MIN READ

A New Zealand agritech startup fitting cows with GPS-enabled solar collars to “guide” cows around pastures using sound and vibrations, creating virtual fences via an app, has raised A$29 million in a series B round. Halter says it is bridging the gap between human and animal understanding to transform farming. The series B round was… Read more »