Aussie AI platform powering bank lending raises $28 million
Rich Data Co, an AI platform for bank lending decisions, has closed a $28 million Series B with Westpac and nCino leading, its first raise since a $15 million round in 2021.
Investor · 1 deal
Every published round BMY Group 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 |
|---|---|---|---|---|---|---|
| Brosa | Series B | 2017 | $5m | Participant | Startup Daily (30 Jun 2023), Startup Daily (24 Jan 2023), Startup Daily (22 Dec 2022), SmartCompany (22 Dec 2022), Startup Daily (16 Dec 2022), SmartCompany (14 Dec 2022) |
Companies BMY Group has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Brosa | 2017, Series B | 1 | 0 |
Fund closes reported for BMY Group, as distinct from the investments it has made.
Companies BMY Group has backed that another company then bought. An exit for the holding, not a deal BMY Group did.
Stories naming BMY Group. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Rich Data Co, an AI platform for bank lending decisions, has closed a $28 million Series B with Westpac and nCino leading, its first raise since a $15 million round in 2021.
Property management startup Different has gone into administration with KPMG after failing to raise new capital, despite backing from AirTree and CBA's venture arm; the piece also recalls the failures of Milkrun and Brosa.
Kogan.com has bought collapsed online furniture seller Brosa out of administration for $1.5 million, promising to fulfil customer orders, while the piece recalls Brosa's earlier venture raises and Kogan's past distressed-brand purchases.
Kogan has bought collapsed online furniture retailer Brosa out of administration for $1.5 million, a week after administrators KordaMentha were appointed, and will fund delivery of outstanding customer orders.
Also Startup Daily
Furniture ecommerce firm Brosa has entered voluntary administration with KordaMentha appointed and seeking buyers, after earlier venture raises from AirTree, Bailador and BMY Group.
Furniture e-commerce firm Brosa has entered voluntary administration after pandemic-era growth reversed, with administrators appointed to run a sale process; the article also recalls earlier backing rounds.
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