Debt collection fintech Indebted has raised $22.5 million in a round that has doubled the company’s valuation to $200 million. But the round, led once again Perennial Value Management, which came on board 12 months ago to lead a $25m Series B last July, comes as the business also sheds 17% of its staff, with… Read more »
Victorian stretch wrap startup Great Wrap has raised $11 million in a Series A as it looks to ramp up production of its compostable potato-based alternative to plastic. The $11 million equity round was backed by Darren Thomas, W23, Grill’d Innovation Fund, Giant Leap, Small Giants, Thai Wah Ventures, GroundSwell, Trail Mix Ventures and Springbank… Read more »
Payments fintech mx51 has raised $32.5 million in a Series B. The lead backer was not disclosed by the startup, which described them only as as “global fintech investor”. Major existing investors, including Mastercard, Acorn Capital, Commencer Capital, Rampersand and Artesian joined the latest raise. The white-label payment technology provider, spun out of Assembly Payments… Read more »
Equity crowd-sourced funding (CSF) increased by 82% in the 2022 financial year to $86 million, backing nearly 100 companies, according to new figures by CSF market leader Birchal. All up, more than 43,000 investments were made in 98 successful CSF offers to reach that figure, Birchal cofounder and MD Matt Vitale said. His company, which… Read more »
Rental income fintech Futurerent has raised $9 million as it looks to roll out nationally. The round was led by OIF Ventures, with BridgeLane, Mulpha International, iPartners, MFO Investments and Second Century Ventures. The funds are earmarked to expand the startup’s national presence, launch new products and build further integrations. Futurerent gives property investors up… Read more »
A Sydney startup that wants to make it easier for people to become publishers has raised $500,000 in pre-seed funding. The round was backed by Tim Duggan, co-founder of Junkee Media, Startmate and Australian deep-tech VC Boson Ventures. Storipress claims it is making digital media easier is created by giving aspiring publishers the tools they… Read more »
Sydney adtech startup BlendAI has raised $1.5 million, two years after launching, to help small businesses with their online advertising. The round was led by Sydney-based venture fund EVP, and is for earmarked for fuelling customer growth, continued product enhancements and hiring BlendAI’s first go-to-market focused resources. BlendAI simplifies and centralises online advertising for e-commerce stores.… Read more »
Intern placement company InternMatch has raised $10 million in a Series A as it looks to ramp up the global side of the business. The round, led by Canberra, property developer Doma Group, with the company’s advisory firm, Henslow, also chipping in alongside existing investors. The cash will support InternMatch’s expansion into Canada, the United… Read more »
Teaching language through music, AI discovering flaws in security systems and improving decision-making during natural disasters are just some of the challenges Canberra startups are tackling with backing from the Canberra Innovation Network and its Innovation Connect (ICON) grant program. Seven startups have been selected by Canberra Innovation Network (CBRIN) as recipients of ICON grants,… Read more »
Gold Coast startup Cloutly has raised a $500,000 in pre-Seed funding for its reputation tech solution for the small-to-medium business (SMB) market. The round was led by Unify Ventures, with participation from Palm Beach Ventures (PBV), amid a cast of new investors and advisors that includes Mike van der Heijden (Portal Ventures), Jason Atkins (Cake… Read more »
New Zealand startup FileInvite has raised $10 million in Series A to accelerate an end to the use of email for requesting and collecting documents online. The round was led by Icehouse Ventures, with US VC Forefront Venture Partners and Singapore’s Vulpes Ventures chipping in as new investors, alongside existing shareholders, including Flying Kiwi Angels.… 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 »
Insurtech startup Upcover has raised $2.7 million in a Seed funding alongside $2 million in debt as it looks to transform the small business insurance sector. The round was backed by venture funds Antler Australia – Upcover was part of its inaugural accelerator program in 2019 – and Betterlabs, as well as a range of … Read more »
Sydney-based Floatspace, the ‘Airbnb for boat experiences’, has signed on Amaysin co-founder Rolf Hansen as an investor as the startup looks to raise $3 million in a Series A round. Hansen backed that boat and yacht rental marketplace’s pre-series A SAFE note, joining the Floatspace board. He joins Airtasker founder and CEO Tim Fung as… Read more »
A temporary staffing marketplace that’s like Airtasker for casual jobs has raised $20 million from SEEK Investments. Nine-year-old Sidekicker, which operates in Australia and New Zealand, has more than 12,000 casual workers on its platform, which is used by more than 5,000 businesses. The funding will be used to accelerate further expansion across ANZ, and… Read more »
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