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.
AirTree Ventures has announced that Anil Sabharwal, current Vice President of Product at Google in the US, will be joining the VC firm as a venture partner.
Reinventure has announced the appointment of Kara Frederick as General Partner, to strengthen its ability to help Aussie fintech’s expand into the US.
Textbook Ventures, a fund run by students at UNSW, wants to empower student associates with the ability to invest in student-run companies.
New Zealand VC firm Movac has announced it’s raised NZ$105 million for Fund 4, with $75 million coming from institutional investors including Ngāi Tahu.
Pulse of Fintech report finds Q2 investment into VC-backed companies down but corporate ‘co-creation’ strong
Global funding to venture capital-backed fintech companies dropped significantly in the second quarter of 2016, with the latest Pulse of Fintech report from KPMG finding that Asia saw the most dramatic decrease in funding, from US$2.6 billion in Q1 to just $800 million in Q2.
Melbourne-based venture capital firm Rampersand has today announced it is in the process of raising up to $50 million for its second fund, with almost half raised.
AVCAL has released a policy blueprint aimed at helping create the right conditions to increase investment in scale ups, or later stage startup companies.
Microsoft sells feature phone business for $350 million; Alibaba Pictures raises $260m; Nura raises $312,000 on Kickstarter
After a busy week Microsoft has announced it is selling its feature phone business to Foxconn subsidiary FIH Mobile for $350 million, while Fitbit has acquired the ‘wearable payments assets’ from mobile payments startup Coin.