Ledger. Australian venture funding, tracked

Company

Carsales

Online car sales marketplace

Coverage

Stories naming Carsales. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Key hire

Role call: new people at allt, SQC, RedBelly Network, Neara & Indebted

Weekly people-moves column: new executives at allt, SQC, Redbelly Network, InDebted and Neara, including Clive Dickens joining allt's board and Chris McNamara becoming InDebted's CEO.

3 deals

‘More than just a venture capital firm’: $2 billion sovereign fund Breakthrough Victoria hits back at critics who want it abolished

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.

Series A $12.5m

Melbourne AI startup set for global expansion after $12.5 million raise

AI search startup Marqo has landed a $12.5 million Series A and is relocating its headquarters to San Francisco, while LaunchVic statistics show Victoria's ecosystem grew in value despite a funding drop.

2 deals

Car finance platform Driva doubles down with $6m growth round

Australian car-finance fintech Driva has raised A$6 million from existing investors led by Carthona Capital, with Invictus and seed angels also participating, to double staff and fund brand and product expansion.

2 deals

JET Charge raises $25m Series B, including $6m from CEFC (managed by Virescent Ventures)

An EV charging company has closed a Series B of over A$25 million led by RACV, with the CEFC's innovation fund, Claremont Capital and earlier individual backers taking part; its 2020 Series A is also recalled.

Also RenewEconomy·SmartCompany·SmartCompany

Exit / M&A

Bookwell to be acquired by global rival Fresha

Australian beauty booking marketplace Bookwell is being acquired by London-based rival Fresha, with Bookwell's high-profile investors receiving Fresha shares. The piece also recalls the founders' earlier EatNow merger and Fresha's Series C extension.

Also Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily

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