Medical cannabis venture Montu has raised $3.5 million in a crowdfunding campaign lasting less than two days. The Montu campaign went live on the Birchal platform last Tuesday and took just 13 minutes to raise $1 million. The volume of investors piling in once again caused delays on the platform, just a month after Zero… Read more »
Afterpay-backed Touch Ventures has made its first investment as an ASX-listed company, tipping $5 million into a $15 million top up round for Sydney fintech Till Payments. Touch (ASX: TVL) was joined by strategic European investors in the raise, comes less than two months after a $110 million Series C round. Till has now raised $160… Read more »
Health and aged care compliance startup Zipline.io has raised $6 million in a series A2 round. The raise was led by EVP with support from King River Capital. The software-as-a-service (SaaS) venture will use the cash to double its current headcount to 80, develop its customer base through Australia’s hospital network, and prepare for a… Read more »
Melbourne startup Bardee has raised $5 million in a seed round as it looks to convert food waste into insect protein and fertiliser. The round was led by Blackbird Ventures with support from angel investors including Who Gives A Crap founder Simon Griftiths and Culture Amp founder Didier Elzinga and his wife, Greta Bradman. The venture,… Read more »
Melbourne fintech Airwallex has tapped investors for another US$100 million (A$137m) just two months after raising US$200 million (A$275m). The capital-ravenous business has now raised US$400 million in just eight months, and as eager investors pile in, each round – the latest tagged “Series E1” following September’s Series E – has seen the company’s valuations… Read more »
Early-stage impact investment firm Giant Leap is looking to raise $50 million for its second fund. The Giant Leap II fund has already landed $35 million towards its target, with NRMA Insurance among the backers of the Victorian VC. Giant Leap Managing Partner Will Richardson said they were seeing interest from institutional investors for the… Read more »
Fast-growing non-alcoholic spirits brand Lyre’s, has raised $37 million in a round that values the business at A$500 million less than three years after it launched. The funding round was led by new investor, D Squared Capital, alongside existing investor, Morgan Creek Capital Management, which has also backedAlibaba, SpaceX, Lyft, and Allbirds). Other previous investors joining the fresh… Read more »
Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar have backed electric delivery bike startup Zoomo in an A$80 million series B. The round was led by Grok Ventures, Cannon-Brookes’ family VC, supported by Farquhar’s private VC, Skip Capital and ArcTern Ventures. Existing investors, AirTree Ventures, the Clean Energy Finance Corporation (CEFC), Contrarian Ventures and Maniv Mobility also participated in the round.… Read more »
Hospitality food wholesale marketplace, FoodByUs, has raised $10 million in a Series A raise. The round led by cornerstone investor Macquarie Capital, with support from Base Capital and New York marketplace investor F J Labs. Despite the pummeling the sector has endured from ongoing lockdowns over the last 18 months, FoodByUs has seen annual sales… Read more »
Financial advice startup Asendium has raised more than $1.1 million. The round was backed by a mix of institutional investors, including Holon Global Investments, plus several aligned and independent financial advisers, and private investors. The funds are earmarked for developing the fintech’s technical capability, product development, and integrations. Asendium is looking to transform the way… Read more »
Be worried about the right things at the right time. I took this photo on an ancient four-prop 30 seat passenger plane in Tonga. It looked a bit like an old DC3 (it wasn’t) with the old-fashioned metal riveted skin and the only other time I’d flown in something like that was in Kenya. Obviously… Read more »
Micro-training platform Hindsite has landed an $3.25 million seed round as it looks to ramp up its global potential. 360 Trading founder Matt Kuppe, Greg Ruddock from Ironbridge Capital, Terry Hartan and Duncan Alexander led round, which values the business at $18 million. Previous backers include angel investor ACAC Innovation, along with friends and family,… Read more »
Cloud-based construction operations platform Assignar has raised US$16.5 million (A$22.3m) secondary financing round. US VC giant Tiger Global led the round with local secondaries fund SecondQuarter Ventures joining in along with existing backers Fifth Wall, and Boston-based HighSage Ventures. Previous investors include Tola Capital and Our Innovation Fund. Assignar has now raised more than US$30 million since… Read more »
Gaming user-generated content (UGC) platform mod.io has raised US$25 million (A$35M) in a series A. The round was led by the VC arm of the world’s largest video game vendor Tencent. The Chinese company joins in LEGO Ventures, OIF Ventures and existing investors Makers Fund, Play Ventures, Sequoia Capital India’s Surge and GameTech Ventures in the… Read more »
The Victorian government has looked across the border to manage its $30 million Venture Growth Fund, with Sydney venture capital firm OneVentures awarded the tender for the role. The plan for the venture debt fund was announced in the Victorian budget last year to inject late-stage capital into revenue positive startups. The fund was part… Read more »
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