Fundsquire lands $75 million for startups looking to ramp up their R&D

- September 20, 2021 2 MIN READ
Damien Petty
Fundsquire founder and CEO Damien Petty.
Melbourne startup investment firm Fundsquire, has an extra A$75 million in the kitty to back local tech ventures thanks to a debt and equity raise from fintech investment firm Fasanara Capital.

Fundsquire plans to launch new funding products in AustraliaCanada, and the UK with the cash injection, as well as enable tech development and market expansion in the coming year.

Fundsquire was founded in 2016 by CEO Damien Petty, who saw a gap in the market for funding products for pre-revenue and early stage startups. He has a background in funding through FIFO Capital and corporate finance experience with Deutsche Bank in London and AGL in Melbourne and set out to offer simple, non-dilutive growth capital options for startup founders.

Petty said Fundsquire is transitioning from a startup to a scaleup, which motivates them to create better funding solutions for founders.

“Our mission has been to invest capital into growing businesses across the world, and to make that process as straightforward, quick, and personalised as possible for our customers,” he said.

“This investment accelerates our global growth and expansion of game-changing funding solutions for cutting edge businesses.”

Fundsquire has doubled its investments in R&D-focused businesses over the past 12 months as Petty has expanded his team and technology platform.

The business offers R&D finance for SAAS startups, agtech, medtech and biotech companies, as well as mining, manufacturing and renewables and cleantech companies.

Petty said Fundsquire’s expansive community of partners and perks offer clients a holistic network of support and connections, with several leading advisors, investors, and accountants developing partnerships with the company.

Francesco Filia, CEO at Fasanara Capital, said they were pleased to partner with Fundsquire.

“Fundsquire is led by an extremely professional team with a unique offering on the market for R&D driven companies. We are looking forward to years of successful growth together,” he said.