Investor · 5 deals
Every published round Commonwealth Bank of Australia 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 Commonwealth Bank of Australia has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| OwnHome | 2020, Accelerator | 2 | 0 | |
| Paypa Plane | 7 Feb 2022 | 1 | 0 | |
| Silicon Quantum Computing | startup founded by Michelle Simmons | May 2017, Seed | 2 | 0 |
Fund closes reported for Commonwealth Bank of Australia, as distinct from the investments it has made.
Companies Commonwealth Bank of Australia has backed that another company then bought. An exit for the holding, not a deal Commonwealth Bank of Australia did.
| Name | Role | Sources |
|---|---|---|
| David Whiteing | CIO and Group Executive of Enterprise Services (former) | ARN (ARNnet) |
| Mike Vacy-Lyle | Group Executive Business Banking | Australian FinTech |
| Adam Webb | Head of Advice for Victoria and Tasmania (former) | Australian FinTech |
Stories naming Commonwealth Bank of Australia. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
OnDeck Australia has hired Chris McCall as its inaugural Chief Credit Officer, bringing credit and lending experience from Citizens Bank and other major lenders; he reports to Chief Risk Officer Nicholas Brown.
Xpansiv has wrapped a growth equity round with Blackstone, Macquarie, CBA, Goldman Sachs, Aware Super and Aramco Ventures among its backers, as the IPO hopeful looks to fund expansion in Australia and globally.
Weekly roundup detailing eight trans-Tasman raises totalling A$373.3 million, headlined by Halter's Series E, spanning quantum computing, biomanufacturing, robotics, adtech and agtech, plus a recalled $2 billion founder exit.
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The National Reconstruction Fund has put $20 million into Sydney quantum chip maker Silicon Quantum Computing via a SAFE note, following its smaller-than-planned 2023 Series A and a similar NRF bet on Diraq.
Ampyr has locked in bank debt above A$340m, a Zen Energy virtual offtake and Fluence as battery supplier for its first large battery in NSW, with a 6 GWh storage goal for 2030.
Iress has hired Adam Webb from Count for a newly created senior customer role in its wealth division, starting in March; leaders at both firms welcomed the appointment.
OwnHome has secured a $31 million Series A, with Square Peg Capital leading and Commonwealth Bank joining, as returning backers double down on its low-deposit route into home ownership.
Australian gift card startup Karta has signed a multi-year deal with Visa, making it the first non-bank private label issuer able to transact over Visa's US network.
Canberra announces up to $840m for Arafura's Northern Territory rare earths project, while Liontown secures $550m in bank debt for its Kathleen Valley mine, with CEFC and Export Finance Australia among lenders.
Podcast interview with OwnHome co-founder James Bowe covering its deposit-boost lending product, the pivot away from rent-to-buy, and its earlier seed and Series A raises.
Commonwealth Bank's venture arm is buying invoice-financing platform Waddle, folding the technology into the bank to grow its Stream Working Capital offering for business customers.
Profile of spend-management startup Paytron, which won a 2022 fintech award and an x15ventures competition; co-founder Jaco Veldsman credits customer focus, team culture and problem obsession for its growth.
Startup Daily profiles Main Sequence's Bill Bartee on quantum investing, recalling past raises by QuintessenceLabs, Silicon Quantum Computing, Quantum Brilliance and Q-CTRL, plus government support for Australia's quantum sector.
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A roundup of recent venture deals for startups combining climate and finance, led by Watershed's $70 million Series B, plus raises by Xpansiv, Persefoni and Patch Technologies.
Roundup of female-founder wins: Reejig raises $15m, Healthy Mummy acquired by Halo Food Co for $17m, Shebah exits administration, Canva donates to Afghanistan relief, and CBA buys into Paypa Plane.
Commonwealth Bank has bought a fifth of Australian payments fintech Paypa Plane to improve SME payments, while the article also notes MYOB's recent acquisitions of Nimbus and Tall Emu and partnerships with Butn and Valiant.
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