PsiQuantum, the US startup with Australian cofounders, has raised a gobsmacking US$1 billion (A$1.5bn) in a round that’s more than doubled its valuation in four years to US$7bn (A$10.5bn). The California startup, founded in Palo Alto in 2015 by expat Australian professors Jeremy O’Brien, Terry Rudolph, Mark Thompson and Dr Pete Shadbolt, hopes to build… Read more »
Former Sydney insurtech unicorn Cover Genius has raised its third 9-figure round, this time banking US$80 million (A$120m) in a Series E. The fresh capital follows a $112 million (US$70m) Series D in late 2022 and $100 million in a series C in October 2021. The round was led by California VC Spark Capital, which… Read more »
Ecommerce tech platform Rokt has raised the bar on venture capital backing for Australian startups after raising A$458 million in a Series E. It’s the biggest single venture raise in Australian history and values the business at $2.75 billion. That more that doubles the company’s valuation from A$1.36 billion in June following a secondary share… Read more »
Melbourne fintech Airwallex has tapped the market for another US$200 million (A$275m) in a series E just six months after topping up its series D round with an extra US$100 million (A$130m). The payments platform has now raised more than A$1 billion from investors. This latest raise ups Airwallex’s valuation from US$2.6bn ($3.4bn) in March to… Read more »
HR and payroll startup Employment Hero has raised $140 million in a series E that tripled the venture’s valuation to $800 million. The round is led by US-based Insight Partners, with local existing investors SEEK, OneVentures, AirTree Ventures and Salesforce Ventures also chipping in again. The cash will be used to bolster engineering capabilities, enhance… Read more »
Melbourne HR tech business Culture Amp raised US$82 million (AU$121m) in Series E to value the business at US$700 million – more than AU$1 billion. It’s the third Australian startup this year to reach the magic $1 billion valuation – “unicorn” status – after Judo Bank and Airwallex, in the second biggest tech… Read more »
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