Startup · $45m raised · AI
AI-powered document processing platform integrating with ERP systems like Microsoft Dynamics 365
Melbourne, VIC
Every investor coverage indicates participated in a round Affinda raised.
| Investor | Rounds | Invested |
|---|---|---|
| Andrew Best | Unnamed stage | - |
| Ashok Jacob | Unnamed stage · Unnamed stage | - |
| Bill Best | Unnamed stage | - |
| Craig Bingham | Unnamed stage | - |
| Daniel Besen | Unnamed stage | - |
| Dr John Russell | Unnamed stage | - |
| Greg Ellis | Unnamed stage · Unnamed stage | - |
| John Wylie | Unnamed stage | - |
| Mark De Ambrosis | Unnamed stage | - |
| Paul Little | Unnamed stage · Unnamed stage | - |
| Simon Mawhinney | Unnamed stage | - |
Every published round Affinda 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.
Companies Affinda has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Affinda, as distinct from the investments it has made.
Companies Affinda has backed that another company then bought. An exit for the holding, not a deal Affinda did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Affinda is recorded as having been acquired. | ||||
Companies Affinda acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Pathfindr | Acquisition | 2025 | $15m | Startup Daily (20 Feb 2026), SmartCompany, Startup Daily (9 Oct 2025) |
| Name | Role | Sources |
|---|---|---|
| Dr Ben Toner | Chief Scientist · Founder | Startup Daily (20 Feb 2026), SmartCompany, Forbes Australia, Startup Daily (25 Jun 2024) |
| Peter Halstead | Chair | Startup Daily |
| Tim Toner | CEO · Founder | Startup Daily (20 Feb 2026), SmartCompany, Forbes Australia, Startup Daily (25 Jun 2024) |
Stories naming Affinda. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of the week's Australian startup funding: fresh raises for five companies, Startmate's Summer '26 accelerator intake of 19 startups, and Affinda's acquisition of Pathfindr.
Also Startup Daily
Melbourne's Affinda Group has bought AI training firm Pathfindr for $15 million in an all-share deal, adding it as the group's fourth business alongside Draftable and Vesparum.
Melbourne document-AI firm Affinda, founded by Tim and Ben Toner, closed a $10m round from family offices and wealthy individuals after an earlier $13m raise; Deloitte ranked it the nation's fastest-growing AI company.
Melbourne document-analysis company Affinda has pulled in $10 million from its previous backers at double its earlier valuation, and Christine Christian has joined its board.
Also Forbes Australia