Vector Capital will acquire Showpad and fold it into Bigtincan—taken private in April—under the Showpad brand, uniting two revenue enablement leaders as analysts flag rapid, AI-driven consolidation in a market tipped to reach US$12.7bn by 2030.
Australia’s consumer economy is booming but investors are still looking the other way. While capital chases SaaS and tech, a new generation of brand-led, margin-rich, culturally relevant businesses are scaling fast with billions flowing through beauty, wellness, fashion, food, and lifestyle. This is not speculation. It’s already happening. From blockbuster exits like Zimmermann and MCo… Read more »
Sydney investment firm Quadrant Private Equity has made another foray into startups, with plans to take an equity stake in Legal Vision. The size of the investment was not disclosed, but it’s the first from the Sydney PE firm’s latest and 10th fund, the $660m Quadrant Growth Fund 3, which looks to invest between $50… Read more »
OpenAI’s gobsmacking US$6.6 billion (A$9.5 billion) raise, announced last week at a US$157bn (A$230bn) valuation, has a small slice of Australia on the cap table, with Melbourne fund manager Boman Group chipping in A$10 million. The record raise for the San Francisco-based artificial intelligence (AI) startup was led by Josh KuschUS VC Thrive Capital with… Read more »
US private equity has swooped into Australia to back construction site safety platform HammerTech in a $105 million (US$70 m) raise. Californian investment firm Riverwood Capital has backed the Melbourne startup as it eyes off a larger slice of the US building market. HammerTech is a cloud-based performance and productivity platform for the building industry… Read more »
Rubber Monkey, the New Zealand e-commerce platform for creatives, is on the hunt up to NZ$2.5 million new capital to expand its Australian presence. Founded by Laurence Alexander and Nigel Stanford, a former TradeMe CEO and Mighty Ape major shareholder, Rubber Monkey is a one-stop-shop for specialist audio, visual and photography products, with more than… Read more »
Until now, access to exclusive institutional-grade private equity funds, run by the world’s leading asset managers, has typically been restricted to large institutions and the ultra-wealthy. It is telling that many of the largest and most successful fund managers in the world do not have brands that are familiar to even the most active individual… Read more »
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.
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