Melbourne biotech startup Prota Therapeutics has raised US$21 million (A$32m) ahead of a Phase 3 clinical trial for its oral therapy treatment for peanut allergy. The round, a combination of equity and debt financing, was led by Singapore-based SPRIM Global Investments (SGI). Australian VC OneVentures was an early backer of the biotech and one of… Read more »
Landlord borrowing alternative Futurerent, which lends property investors up to $100,000 of their rental income in advance, has secured $50 million in debt funding and is launching a new US division of the brand called Downpayments. The venture debt was provided by US VC Second Century Ventures and California-based lender Partners for Growth (PFG), which has… Read more »
HSBC Australia has added to the growing options for Australian companies seeking capital launching a venture debt product late stage venture capital-backed scaleups. It’s the first time a major bank has offered venture debt locally, with the option only appearing in recent years for early stage startups via the likes of OneVentures, Lighter Capital, San… Read more »
A non-bank lender looking to offer same-day bridging loans for property buyers has raised $50 million in venture debt. Sydney-based TechLend markets itself as “Afterpay for home loans” offering “interest-free”, paperless, bridging finance with same-day pre-approval. San Francisco lender Partners for Growth, which has a Sydney office, has delivered the $50 million in venture debt… Read more »
The Victorian government’s startup support arm, LaunchVic, has invested $300,000 new venture debt fund targeting bootstrapped revenue-positive startups. The LaunchVic agreement with Tractor Ventures is a new way of working for LaunchVic with the funds being provided as a loan rather than a grant. LaunchVic CEO, Dr Kate Cornick said the launch of the new… Read more »
A growing number of start-ups are accessing venture debt to fund the growth of their business. With the primary appeal of limiting equity dilution, it’s easy to see why founders might jump on board the venture debt train. But venture debt has been linked to a number of collapsing startups both here and in… Read more »
William Crock, co-founder of Hometime. Sydney-based Airbnb property management services company Hometime has landed a $6 million debt and equity funding deal with Australian technology venture capital firm OneVentures It’s the first deal from the new $100 million OneVentures Fund, launched less than 12 months ago. The fund is a partnership between OneVentures and Viola,… Read more »
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