German home cooking delivery startup Marley Spoon, which launched in Australia last August, has announced the raising of a €15 million (AUD$22 million) Series B round from Luxor Capital, QD Ventures, Kreos Capital, and existing investors.
The fund is focused on making investments into Series A and Series B rounds, with its smallest investment to date being US$750,000 and its largest being US$3 million.
Another busy week has seen Facebook acquire Masquerade, the startup behind MSQRD, the app behind the faceswapping tool taking over the internet, while Intel has acquired Replay Technologies to help create a new category for sports entertainment. Meanwhile, WeWork has raised $430 million at a valuation of $16 billion to help launch a push into Asia, and closer to home Melbourne’s Culture Amp raised $10 million while Brisbane’s PlantMiner raised $3.5 million.
Despite the number of social media platforms in the market, investors are still keen to buy in and find the next big thing, with new Australian social media startup clapit last week announcing it had raised $2.57 million in seed funding from investors including Mark Moran and Paul Siderovski pre-launch.
Melbourne healthtech startup HealthKit, which has created a practice management system for private practices and a health management platform for patients, has raised $1.6 million in a Series A round led by a Melbourne-based family office investor, with participation from existing investors.
Peazie, the Australian startup helping brands build, run, and monitor competitions and promotions, has announced that it has raised a fresh round of funding and appointed Thomas Mahon, former general manager of Salmat, as its new CEO.
The first local funding announcement of the year is here, with Sydney fintech startup CapitalPitch announcing that it has closed a $600,000 seed round led by Aaron Bertinetti and Trevor Folsom, director of Elevation Capital.
Biteable, a Hobart-based startup that has developed an online tool allowing users to create professional promo videos in minutes, has raised $1.1 million in seed funding from Australian investors including Tank Stream Ventures and BridgeLane Capital.
FashionTech startup Mon Purse is proving itself to be a rising star in the mass customisation market with its platform that allows users to design their own handbags, clutches and totes.
Design platform Canva today announced a USD$15 million Series A round of funding to continue expanding its platform, which is now used by more than five million marketers, designers and small business owners. This latest round of capital brings the total amount raised by the Sydney-based startup to USD$27 million and gives it a valuation of USD$165 million.
Ten months after merging, Australian startups Beat the Q and Posse have announced the closure of an oversubscribed Series A $5 million funding round led by Westpac’s $50 million venture fund Reinventure and 12-year-old venture capital firm Exto Partners. The new investment will be used to fund product development – specifically, to improve the payment process for customers when dining out or buying coffee and to introduce new features – as well as marketing and scaling merchant acquisition.
Local services marketplace Oneflare has today announced that it has raised $3 million in funding and plans to IPO over the coming financial year.
Although there were varying opinions on the open-sourced legal document templates created by Australian VCs, most lawyers agreed that the terms presented in the templates are more appealing to investors than startup founders, and that startup founders should seek legal advice and negotiate important amendments.
Melbourne-based online art marketplace Redbubble has raised $15.5 million in its latest capital raise, with the company looking to use the funds to push its international expansion.
Australian founders have long expressed a longing for an investment environment that supports startups throughout the entirety of their lifecycle. Seed capital and Series A funds are now easier to raise compared to five years ago, however only a small percentage of startups make it to Series A.
Daily startup news and insights, delivered to your inbox.
