Online shopping experience platform preezie has raised $5.5 million in a Series A. The round was led by ASX-listed, Afterpay-backed Touch Ventures and Steve Baxter’s investment syndicate, TEN13. Preezie will allocate the cash to team and product growth as well as international expansion. The company previously raised $575,000 in a seed round 18 months ago.… Read more »
Melbourne-based accomodation booking platform Riparide has raised $4 million as it looks to expand offshore. The round was backed by investment groups Macdoch Ventures and Upswell Ventures. The site sets its set itself apart from numerous other booking platforms such as Stayz and Airbnb by offering “soul-fulfilling escapes”, recounted through travel stories on the site.… Read more »
Afterpay-backed Touch Ventures has made its first investment as an ASX-listed company, tipping $5 million into a $15 million top up round for Sydney fintech Till Payments. Touch (ASX: TVL) was joined by strategic European investors in the raise, comes less than two months after a $110 million Series C round. Till has now raised $160… Read more »
Health and aged care compliance startup Zipline.io has raised $6 million in a series A2 round. The raise was led by EVP with support from King River Capital. The software-as-a-service (SaaS) venture will use the cash to double its current headcount to 80, develop its customer base through Australia’s hospital network, and prepare for a… Read more »
Melbourne fintech Airwallex has tapped investors for another US$100 million (A$137m) just two months after raising US$200 million (A$275m). The capital-ravenous business has now raised US$400 million in just eight months, and as eager investors pile in, each round – the latest tagged “Series E1” following September’s Series E – has seen the company’s valuations… Read more »
A Sydney client engagement platform for professional services companies has raised $US50 million ($A69m) in a Series C round. The raise for Practice Ignition was led by US-based JMI Equity, making its first Australian investment. Existing investors Tiger Global and EVP also backed the raise along with several strategic angel investors and family office groups.… Read more »
Fast-growing non-alcoholic spirits brand Lyre’s, has raised $37 million in a round that values the business at A$500 million less than three years after it launched. The funding round was led by new investor, D Squared Capital, alongside existing investor, Morgan Creek Capital Management, which has also backedAlibaba, SpaceX, Lyft, and Allbirds). Other previous investors joining the fresh… Read more »
Financial advice startup Asendium has raised more than $1.1 million. The round was backed by a mix of institutional investors, including Holon Global Investments, plus several aligned and independent financial advisers, and private investors. The funds are earmarked for developing the fintech’s technical capability, product development, and integrations. Asendium is looking to transform the way… Read more »
Be worried about the right things at the right time. I took this photo on an ancient four-prop 30 seat passenger plane in Tonga. It looked a bit like an old DC3 (it wasn’t) with the old-fashioned metal riveted skin and the only other time I’d flown in something like that was in Kenya. Obviously… Read more »
Household renewable energy financier Brighte has scooped up another $185 million in asset-backed securitisation (ABS) as it looks to get into the “gentailing” as an energy retailer with its clients. The company, which counts Mike Cannon-Brookes and Grok Ventures among its key VC backers, has raised $375 million in public debt and $145 million in… Read more »
Canberra-based quantum cybersecurity venture QuintessenceLabs has raised $25 million in a series B. The round was led by the CSIRO’s VC fund Main Sequence Ventures and Canadian VC TELUS Ventures, with additional participation from Mizuho Financial Group-backed InterValley Ventures, which helps early stage Australian tech companies crack the Japanese market, and Capital Property Group. The… Read more »
We often hear witty comparisons being made between startups and babies. A recent, timely paper titled ‘Exit to community’ does the same. A startup is your (brain) child, a long-term commitment that needs constant love and attention. You’re going to experience significant growing pains and that ‘baby’ will cry at any hour of the day… Read more »
Digital share trading and superannuation platform Superhero has raised $15 million in a new round to support international expansion plans. The round was led by Perennial Value Management and included other high-profile investors, including Regal Funds Management, Ophir Asset Management and Alex Waislitz’s Thorney Investment Group. The fresh cash injection follows a $25 million raise… Read more »
Hearing technology Hemideina has raised $10 million series A. New cornerstone investors in the round include Escala Partners, InterValley Ventures and Geoni Capital. The funds are to build the team and technology development program, with one eye on a potential IPO down the track. Research scientists Dr Kate Lomas and Dr Elizabeth Williams founded their… Read more »
Money management fintech Parpera has raised $1.3 million as it ramps up to launch its Banking-as-a-Service (BaaS) enabled offering. Earlier this week, the company announced plans for a mobile app-based business solution developed in a partnership with Railspay. The fintech, which is focused on sole traders, freelancers, and entrepreneurs as a potential target market of more… Read more »
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