Leigh Jasper leads a new $50 million fund backed by Australian unicorn founders
Glitch Capital, a new $50m vehicle led by Leigh Jasper and backed by exited unicorn founders, has completed its first deal, backing Melbourne edtech firm Cadmus.
Startup
An online assessment platform designed to enhance the educational experience for both students and educators
Melbourne, VIC
Every investor coverage indicates participated in a round Cadmus raised.
| Investor | Rounds | Invested |
|---|---|---|
| Breakthrough Victoria | undisclosed | $600,000 |
Investors whose own portfolio pages list Cadmus, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Cardinia Ventures | its portfolio page ↗ |
Companies Cadmus acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Herk Kailis | CEO · Founder | Startup Daily, Breakthrough Victoria, cadmus.io |
| Brigitte Elliott | Co-CEO | cadmus.io |
| Brigitte Elliot | COO | Startup Daily |
Stories naming Cadmus. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Glitch Capital, a new $50m vehicle led by Leigh Jasper and backed by exited unicorn founders, has completed its first deal, backing Melbourne edtech firm Cadmus.
Breakthrough Victoria reflects on its third annual report: over $350 million committed across 44 investments, including five follow-on investments worth over $35 million in the past financial year across five named portfolio companies.
Breakthrough Victoria defends its spending and investment record against critics urging its abolition, pointing to portfolio companies, university partnerships and recent backing of startups including Aravax.
Techboard's May 2023 roundup of Australian startup funding: 42 private raises topped by Fleet Space's $50m round, two $40m acquisitions, multiple grants, accelerator intakes, and fund news including GiantLeap's $50m fund raise.
Victoria's government-backed investor Breakthrough Victoria is putting $600,000 into Cadmus, a Melbourne maker of university assessment software, as part of an undisclosed round funding its overseas growth.
Also Startup Daily·Techboard
The university assessment platform has raised new backing co-led by SEEK Investments and Glitch Capital, which it will use to enter the American market.