Funding

Non-alcoholic spirits brand Lyre’s raises $16 million in seed round

- September 25, 2020 2 MIN READ

Sydney-based non-alcoholic spirits company, Lyre’s Non-Alcoholic Spirit Co. has $16 million in seed round funding 18 months after launching as the startup’s growth continues to grow exponentially worldwide. The backers include VRD Investment, Doehler Ventures, DLF Venture and Maropost Ventures, with family funds in Europe, America and Australia tipping in. Lyre’s CEO and co-founder Mark… Read more »

Funding

Steve Baxter’s seed fund TEN13 joins $1.8 million round into US audio platform Vurbl

- September 22, 2020 2 MIN READ

Steve Baxter’s investment syndicate TEN13 and LA-based angel investor Kate Vale, Google Australia’s first employee, are part of a US$1.3 million (AU$1.8m) seed round for audio platform Vurbl, which hopes to become the YouTube of audio. The startup, which is in beta and will launch before the end of the year also attracted support from LA… Read more »

Funding

Swedish fintech Klarna is now the world’s 4th most valuable fintech after US$650 million raise

- September 15, 2020 2 MIN READ

Swedish buy now pay later (BNPL) fintech Klarna is now Europe’s most valuable fintech – the 4th most valuable globally – following a US$650 million equity raise that values the business at US$10.65 billion (AU$14.54bn). The latest valuation nearly doubles the US$5.5 billion valuation following a US$460 million raise in August 2019. The round was… Read more »

Funding

Impact Investment Group launches $70 million ‘alternatives’ fund 

- September 15, 2020 2 MIN READ

Impact Investment Group (IIG) is on the hunt for $70 million from wholesale investors for a new fund targeting sustainable and socially conscious startup investments.  IIG CEO and co-fund manager Daniel Madhavan said the Impact Alternatives Fund will be a mix of investments, including renewable energy infrastructure such as solar farms, impact private equity, venture… Read more »