CEO · Founder, Ordermentum
Stories naming Adam Theobald. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Sydney food-and-beverage ordering platform Ordermentum raised $55 million led by Five V Capital, valuing it above $150 million, with some early investors partially exiting.
Sydney-based hospitality software company Ordermentum has banked $55m in a Five V Capital deal valuing it above $150m, letting earlier backers sell down; the piece revisits its Foodbomb merger and the investor's other deals.
Roundup of three trans-Tasman raises: Ordermentum landed $55m from Five V Capital, defence-tech firm Arkeus closed $25m, and music platform Lume gathered NZ$1.3m from well-known backers before its launch.
Also Startup Daily
Hospitality tech firm Ordermentum bought marketplace Foodbomb and closed a $16m round with existing and new backers, valuing the combined group above $100m.
Sydney courier firm Drive Yello and cafe ordering app Hey You have combined as 4You Innovation, aiming to raise funds next year; the piece also recalls past raises and recent collapses among delivery startups.
Also Startup Daily
A weekly roundup detailing nine startup funding rounds totalling $39.6 million, spanning cybersecurity, medtech, healthtech, hospitality, retail media, accessibility, clean energy and agtech ventures.
Hospitality ordering platform Ordermentum, cofounded by Adam Theobald, raised $6.2 million in July, with earlier raises in 2017 and 2021 and a secondary stake sale by RoZetta also recounted.