federation Archives

ASX-listed VC Touch wrote off its $36 million Sendle investment in June, resurrected it with the merger, then zeroed it again

David Adams - January 16, 2026 2 MIN READ

Touch Ventures (ASX: TVL), which invested more than $36 million into Sendle over several years, wrote down the value of its stake to nil in the weeks before the logistics startup’s abrupt closure. The downgrade, revealed publicly on Wednesday, sheds light on how one of Sendle’s major financial backers responded to worrying claims about its… Read more »

Business

Sendle is dead, killed by a US merger partner who misled the Aussie startup’s key investor, Federation

Simon Thomsen - January 13, 2026 3 MIN READ

Long-term Sendle investor Federation Asset Management has confirmed that one of the two US partners in last August’s 3-way merger into Fast Group failed to disclose its true financial position at the time, leading to the sudden demise of the Australian scaleup and its parent company. Sendle announced suddenly over the weekend that it was… Read more »

Topic

Courier startup Sendle raises $20 million Series B led by Federation

Gina Baldassarre - January 29, 2019 2 MIN READ

Courier service Sendle has raised $20 million in a Series B round led by Federation, with participation from Full Circle Venture Capital, Rampersand, and Giant Leap Fund.