Investor · 9 deals
Every published round BetterLabs 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 BetterLabs has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Loopit | Sydney software company whose platform underpins subscription and rental services worldwi… | 21 Jun 2024, Seed | 1 | 0 |
| The Volte | Circular economy fashion platform | 19 May 2023, Series A | 1 | 0 |
| Upcover | Business insurance startup | 5 Jul 2022, Seed | 3 | 1 |
| WeMoney | Financial health coach app | Jul 2022, undisclosed | 2 | 1 |
| Snackr | 30 Jun 2022, Seed | 1 | 1 | |
| Gathered Here | End-of-life services for wills, funerals and probate | 7 Feb 2022 | 1 | 0 |
Fund closes reported for BetterLabs, as distinct from the investments it has made.
Companies BetterLabs has backed that another company then bought. An exit for the holding, not a deal BetterLabs did.
Stories naming BetterLabs. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Funding roundup covering six Australian-linked startups: Superpower's US$30m Series A, WeMoney's $12m Series A plus debt facility, InsightWise's $1m pre-seed, and Bupa's first venture investments in three health startups.
WeMoney banked $12 million in a Series A led via Laurence Escalante's family office, with Mastercard among backers, plus $1 million debt, at a reported $100 million valuation.
Also SmartCompany
Insurance broking platform UpCover secured a $19 million Series A — $11 million equity led by RealVC plus $8 million debt from Marshall Investments — with Antler Elevate, Betterlabs, Gandel Invest and individual investors taking part.
Roar Global has bought Creator Flow, a marketplace for user-generated content built in BetterLabs' Venture Studio about a year after its May 2023 founding, with no purchase price disclosed.
Weekly roundup covering seven ANZ startup raises — Bare Funerals, Humii, WeMoney, CLT Toolbox, Clean Slate Clinic, SpatialGPT and Great Wrap — plus LaunchVic's $900,000 into Paul Little's Skalata fund.
Weekly roundup listing seven Australian startups and their raises, totalling $17.7 million across AI, packaging materials, fintech, digital health, music licensing, construction software and swimwear.
Also Startup Daily
Startup News profiles the twelve startups chosen for Spacecubed's 2024 Plus Eight intake in Western Australia, naming their founders and crediting the partners behind the program.
Perth backer Purpose Ventures has added follow-on money to WA care platform PlanCare, taking its seed funding to $2.5 million; the firm's $45 million fund has now backed four startups.
WA's Purpose Ventures has put more money into Plancare, a self-managed healthcare platform, lifting its cumulative backing to $2.5 million; the article also profiles the fund's founders, portfolio and history.
Also Startup Daily
Perth's Plus Eight accelerator has picked six startups for its 2023 program, collectively backed with over $400,000 in seed funding, plus an Israel trip and a December Demo Night slot.
The article reports WeMoney achieved its first profitability in late 2022, with strong revenue and user growth, and notes it may fundraise in 2023 after raising $9m to date from several backers.
Spacecubed's Plus Eight Accelerator has named six startups advancing to its final phase, giving them access to a $500,000 seed funding pool and a Demo Night pitch at December's West Tech Fest.
A roundup of Australian startups that raised funds in recent weeks: mx51, Refundid, Storipress, HIVERY, InternMatch, upcover, Pearler and Loopit together secured over $100 million despite a cooling venture market.
Also Cut Through Venture
WeMoney closed a $7 million round in March 2022, led by Full Circle VC and Betterlabs with new backers, following its 2020 seed raise, to fund product development.
Also Startup News (WA)·Cut Through Venture·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Australian FinTech
Insurance platform Upcover has secured a $2.7 million seed round plus $2 million in debt from Antler Australia, Betterlabs and insurance executives, to fund product development and customer acquisition for its embedded SMB insurance API.
Also SmartCompany
Live-event food delivery app Snackr has raised a $915,000 seed round led by BetterLabs with Woodside Energy, Eastcourt Capital and Spacecubed Ventures, to grow across more Australian and UK venues.
Death-tech startup Gathered Here raised $1 million led by Common Sense Ventures, with BetterLabs and Murray Bleach participating, doubling its valuation seven months after a $1.1 million seed round.
Also Startup Daily