An e-bike subscription venture founded by a former Deliveroo executive and a Bain & Co consultant has raised $16 million, with the government owned Clean Energy Finance Corporation (CEFC) tipping in $7 million towards the startup’s expansion in Australian and overseas. Hana Ventures, Maniv Mobility and Contrarian Ventures also took equity stakes in Bolt Bikes,… Read more »
Retail tech startup Longtail UX has raised $2.25 million led by Woolworths Group’s venture capital arm, W23, and Steven Lew’s Global Retail Brands. The supplementary equity comes on top of $3 million round in March this year, led by Investec through its Investec Emerging Companies Fund I. Woolworths is looking at adopting the startup’s technology across… Read more »
US-based puy now, pay later venture Sezzle (ASX: SZL) has tapped the market for A$86.3 million (US$60m) in the second major raise for ASX-listed fintechs with soaring share prices. The company’s share price jumped more than 40% last Thursday before the ASX called a trading halt following a media speculation of the raise, which represents 8.9% of… Read more »
Buy now, pay later fintech Afterpay will raise $800 million in new equity, topped up to $1.05 billion with billionaire founders Anthony Eisen and Nicholas Molnar each selling down a 10% stake in their existing holdings in the company, worth $250 million in total, as part of the raise. Afterpay put its shares in a… Read more »
● Canva raises US$60m for a US$6bn valuation ● The design platform now has 30m+ monthly users in 190 countries; ● Increases workplace collaboration tools, including talking presentations Privately-owned Australia design giant Canva has raised US$60 million (A$87m) in a round that nearly doubled the company’s previous valuation of US$3.2 billion to US$6 billion (A$8.7bn).… Read more »
Kogan.com shares have jumped more than 11% in early trade on Thursday morning after the online retailer announced it had successfully raised A$100 million in an institutional placement on Wednesday. Within 30 minutes of trade resuming today, shares in the multi-pronged ecommerce business (ASX: KGN), had climbed to $13.79, up from Tuesday’s closing price of… Read more »
● Kogan.com is raising $100 million on the ASX in a fully underwritten placement at A$11.45 per share ● The price is a 7.5% discount to Tuesday’s closing price of A$12.38 ● An addition $15 million is being raised via a share purchase plan ● The raise is “to act quickly on future value accretive… Read more »
Melbourne buy-now-pay-later startup Openpay’s stellar week continued on Thursday when the company raised an additional A$33.77 million through an oversubscribed local institutional placement. The raise comes in a week where Managing Director and CEO Michael Eidel announced the fintech had secured a UK funding facility for £25 million (A$46 million) for its British business, adding… Read more »
Judo Bank’s existing backers have stumped up $230 million in a third round capital raise that raises the neobank’s post-money valuation to more than AU$1 billion. The challenger bank targets lending to small to medium-sized enterprises (SMEs) and has now raised more than $770 million in capital since its launch in March 2018, including a… Read more »
Airwallex has raised US$160 million (AU$254m) in Series D to fund its expansion in Europe and the US. New investors, including ANZi Ventures and Salesforce Ventures, joined previous backers, including DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures, in the raise. The funding will also be used to expand its product… Read more »
Workplace OHS app SafetyCulture has raised AU$60.5 million (US$35.5m) in series C funding, pushing the business into the unicorn club with a $1.3 billion valuation. The surprising aspect to the raise is that around half the funds will go to around 10% of the employees who’ve been with SafetyCulture for than three years, giving them… Read more »
I recently supported Hivery in raising A$8mm Series A capital from Blackbird and AS1 Growth Partners Hivery’s suite of products aim to maximise return on retail space (RoRS) using AI and machine learning Below I have summarised our journey from a high level, with lessons from the Hivery Founders (Jason, Franki, Matt, Menkes) included where chronologically relevant.… Read more »
Drawboard, a tech startup reducing the physical paper used by the design and construction industries, has raised $US6 million (AU$9 million) for further expansion in the US. The round was led by US VC fund Blackhorn Ventures, which lands a board seat, and supported by Steve Baxter’s TEN13. Founded by a former engineer and investment… Read more »
Recruitment software startup Reejig has scored $2.2 million from VC firm Right Click Capital and Arun Krishnankutty from OMKA Group in its first capital raise. Founded last year, Reejig uses artificial intelligence to analyse talent data to help companies find, recruit and develop talent, connecting HR systems providing insights into the skills of their workforce.… Read more »
A Sydney-based contract and supplier software platform Portt, which spent a decade bootstrapping its way into a global business, has finally take on its first outside funding as it looks to tackle slavery risks in company supply chains. Co-founders and co-CEOs Chris Holmes and Andre Pinkowski raised $4 million in a round led by the… Read more »
Daily startup news and insights, delivered to your inbox.
