Unnamed stage
$217m
Zip Co raises $217 million to pay off debts
Zip raised fresh equity to repay its corporate borrowings, with quarterly results showing strong growth in its United States business.
Group CEO and Managing Director, Zip Co
Cynthia Scott
Roles
| Role | Organisation | Sources |
|---|---|---|
| Group CEO (former) | Zip | Startup Daily |
| Group CEO and Managing Director | Zip Co | Forbes Australia (18 Jul 2024), SmartCompany, Forbes Australia (10 Oct 2023), Women's Agenda, TechCrunch Venture, Australian FinTech (19 Sep 2023), Forbes Australia (13 Aug 2023), Australian FinTech (16 Dec 2021) |
Disclosed deals
Every published round Cynthia Scott 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.
Portfolio
Companies Cynthia Scott has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Funds
Funds Cynthia Scott has money in
This is a stake in the fund itself, money that the fund's manager invests, not a stake in the fund manager.
Portfolio companies acquired
Companies Cynthia Scott has backed that another company then bought. An exit for the holding, not a deal Cynthia Scott did.
Coverage
Stories naming Cynthia Scott. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
3 deals
Zip founder Larry Diamond is heading home as new US CEO steps in
Larry Diamond, who started Zip, is stepping aside from its US top job as Joe Heck takes over and Kevin Moss joins the board; the piece also recounts the fintech's past raises and divestments.
Funding announcement
This venture fund wants more billion-dollar businesses founded by women
Profile of ALIAVIA, the venture fund Marisa Warren and Kate Vale started to back women founders across Australia and the US, its Australian backers, and its portfolio companies Eugene, Loupe, HowToo and Othelia AI.
Funding announcement
'A turning tide': Marisa Warren and Kate Vale's venture fund will level the playing field for female founders
Profile of ALIAVIA, the venture fund Marisa Warren and Kate Vale run from California to back women founders across Australian and US markets; also covers its backers, early investments, and Warren's ELEVACAO program.
Fund close
$13.5m
'We want more female-led billion dollar startups': Robyn Denholm and Carol Schwartz back female-led VC
Female-led VC ALIAVIA has closed a US$8.7 million fund, backed by Robyn Denholm, Carol Schwartz, Cynthia Scott, Tattarang and Dom Pym, to invest in female-founded startups across Australia and the US.
Fund close
$13.5m
ALIAVIA Ventures fights gender funding inequalities in the US and Australia
ALIAVIA Ventures has closed its debut fund at A$13.5 million. The US-based firm backs female founders bridging Australian and US markets; backers include Carol Schwartz, Tattarang, the Denholms, Euphemia, Dom Pym and Cynthia Scott.
Key hire
Zip appoints Gordon Bell as Chief Financial Officer
Zip Co has named Gordon Bell, a financial services veteran with stints at Westpac and Barclays, as its next Group CFO from 2 October, replacing Martin Brooke who departs after nearly seven years.
Unnamed stage
$24.7m
Key hire
Zip appoints former 86 400 CPMO Travis Tyler as Chief Product Officer in Australia
Zip Co has hired Travis Tyler, previously a founding leader at neobank 86 400 with past roles at Westpac and St George, as its Australian Chief Product Officer, starting January 2022 and joining the ANZ leadership team.