Australian design giant Canva has a staggering new valuation of US$15 billion (A$19.6bn) following a fresh US$71 million (A$93m) investment. That figure more than doubles the company’s last A$8.7 billion valuation in less than 12 months following an A$87 million raise in June 2020. In just 18 months, the privately-owned design startup has more than… Read more »
Batch Brewing Co, from Sydney’s Inner West, has raised $1.5 million in an equity crowdfunding raise through Equitise just a day after the campaign went public. With a day of the two-thirds of the funds already pledged on the day the campaign opened, it closed fully subscribed just after lunch on Good Friday. The raise… Read more »
Sydney video startup Vloggi has raised a second tranche of $500,000 in a pre-seed capital raise – for a total to $750,000 – in a round that values the company at $3.3 million. The venture is now looking to a seed round of $1.5-2 million in July this year. Ten of Vloggi’s 15 founding investors… Read more »
Melbourne-based social media venture Linktree has tapped the market for more cash, just five months after its A$15 million series A, raising another US$45m (A$59m) in a Series B The round was co-led by European VC Index Ventures, and New York’s Coatue. AirTree Ventures and Insight Partners returned as investors with a Who’s Who of… Read more »
Melbourne fintech Airwallex has topped up its Series D round by 50%, raising an extra US$100 million (A$130m) for a total of US$300m. The raise gives the privately owned business a new valuation of US$2.6 billion. The company is hoping to generate $100 million in revenue this year. Airwallex says the funds will be used… Read more »
SecondQuarter Ventures , a venture capital secondary fund, has closed a $51 million round and announced stakes in two more startups. A secondary fund offers a potential exit and liquidity to investors and other shareholders, such as founders, prior to the venture going public or its sale. Secondary venture funds are well established in the… Read more »
Melbourne angel investment network Scale Investors has chose two co-CEOs, Chelsea Newell and Samar Mcheileh, to replace departed boss Ariane Barker. Scale invests in female-led startups and was founded in 2013 by a group of leading Melbourne businesswomen. With the backing of high net worth individuals, the organisation has backed 30 companies in that time… Read more »
Sydney-based seed investment group Investible has appointed financial services veteran Rod Bristow as CEO as it looks to raise $50 million for a second early-stage fund. Bristow was most recently CEO of ASX-listed Clime Investment Management Limited in a 25-year career that includes CommSec and the environmental NGO Greening Australia. His appointment comes as Investible… Read more »
Software startup Hudled, which has designed dashboard for growing companies to track and optimise their software stack, has raised $640,000 in a seed round as it officially launches the product and looks to expand into the US. The raise was backed by Black Nova Group, Antler and Sydney Angels, as well as several high profile… Read more »
Women-led early stage startups will have access to dedicated investment support from the $10 million Alice Anderson Fund – named after a pioneering Victorian businesswoman and innovator – to open for applications in July. The Alice Anderson Fund will run over three years as a sidecar investment fund committing between $50,000 and $300,000 into between 40 and… Read more »
Melbourne startup Sonnant, which uses artificial intelligence (AI) and machine learning (ML) for content discovery for the spoken word, has raised $750,000 in a seed round led by radio and TV company Southern Cross Austereo (SCA). The strategic investment by SCA will help support the recent launch of LiSTNR, the rebranded PodcastOne audio channel and… Read more »
Australian social media startup LITT, which touts itself as a ‘Facebook alternative’, broke Australian equity crowdfunding records when its campaign opened on Tuesday, raising $500,000 in just 40 minutes. The Western Australian venture then went on to have the second fastest to CSF raise to $1 million, taking 11 hours. That record was set just… Read more »
When an investor asks a founder to reveal their financial model, they are looking for the best possible attempt to provide a consistent, financial representation of the expected performance of the startup. It consists of well thought out projections about the future of the business, and a properly structured, understandable, and dynamic spreadsheet with easy-to-read… Read more »
Sydney-based car loan fintech Carclarity has raised a $1 million seed round led by Equity Venture Partners (EVP), just 12 months after launching. The funds will be use to build the startups product and development as it looks to expand from car financing to embedding itself in the car buying experience. Others in the funding… Read more »
Data and analytics startup smrtr has raised $2.5 million from property giant Stockland as it looks to use data to drive retail sales. Stockland has been a client of the data-as-a-service venture, founded in 2009 by Dr Boris Guennewig and Georgie Brooke, since 2013, and an earlier investment from the property company in October 2020… Read more »
From Perth to Paris: How an Aussie startup for teacher training won the Cartier Women’s Initiative
Antler Investor Memo Series: Kidly is taking the pressure off parents to make sure their children have fun
NSW startup sector sounds the alarm as the state government turns off funding taps in pre-budget review
Female-founded edtech Cleverbean raises $200,000 to reduce teach burnout
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