Ten Aussie startups that raised $39 million this week
Roundup of ten Australian startup raises totalling $38.8 million, topped by Heidi Health's Series A, also recording an Outstaffer executive appointment and the earlier sale of CarAdvice to Nine.
Venture capital fund · 2 deals
Bondi Junction, NSW
Every published round 1in100 Ventures took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Outstaffer | Unnamed stage | 25 Oct 2023 | $1.5m | Lead | SmartCompany, Startup Daily, Beachhead Venture Capital portfolio, Beachhead Venture Capital portfolio | |
| Factory.app | Seed | 23 Oct 2023 | $1m | Participant | SmartCompany, Startup Daily, Investible portfolio |
Companies 1in100 Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Outstaffer | 25 Oct 2023 | 1 | 1 | |
| Factory.app | 23 Oct 2023, Seed | 1 | 0 |
Fund closes reported for 1in100 Ventures, as distinct from the investments it has made.
Companies 1in100 Ventures has backed that another company then bought. An exit for the holding, not a deal 1in100 Ventures did.
| Name | Role | Sources |
|---|---|---|
| Jason Serda | Founder | outstaffer.com, SmartCompany |
Stories naming 1in100 Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of ten Australian startup raises totalling $38.8 million, topped by Heidi Health's Series A, also recording an Outstaffer executive appointment and the earlier sale of CarAdvice to Nine.
Outstaffer, a Victorian HR tech platform, has secured $1.5 million from outside investors in a round co-led by its chief operating officer, funding product development and a planned US expansion.
Also SmartCompany
Sydney software firm Factory.app has banked a $1.05 million seed round, Investible leading alongside angel and venture backers, to digitalise manufacturing workflows for small fabricators before expanding overseas.
Also SmartCompany
Outstaffer announced a $1.5 million strategic round to grow its global hiring platform, with Utiliti Ventures, 1in100 Ventures and Side Stage Ventures leading and several other Australian investors taking part.
Weekly roundup of five Australian startups announcing raises: Stacked Farm, Sherlok, Readiitel's Readii, Nullify and Baresop, together bringing in $46.9 million from local investors.
Also SmartCompany
Weekly roundup detailing seven Australian startup raises totalling $16.4 million, covering Thinxtra, Canopus Networks, Mash, Beamible, Earthodic, Citadel.run and Cleverbean, with investors, amounts and founder backgrounds.