Ledger. Australian venture funding, tracked

CEO · Founder, Koala · angel in 1 deal

Dany Milham

Coverage

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

News

Sydney Startup Hub rent bill owed to the NSW government pushes Fishburners into administration

Fishburners, the Sydney not-for-profit co-working community, has gone into voluntary administration over a long-running rent debt to the NSW government. KPMG administrators will keep it trading while pursuing a sale and recapitalisation.

Seed $100k

Steve Smith's $100,000 Koala investment is set to be his highest score as the bedmaker hits the ASX for six

Koala heads to the Australian bourse with a float mixing fresh equity and shareholder sell-downs, while a Test cricketer's decade-old six-figure backing of the furniture startup draws the spotlight.

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3 deals

Square Peg-backed cleaning products startup Zero Co is shutting down

Cleaning products maker Zero Co, backed by Square Peg and crowdfunded via Birchal, is closing down solvent and will hand leftover funds to shareholders after failing to find a workable path forward.

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Pre-seed $1.4m

Friendships and exclusive Slack channels: How Shark Tank Australia contestants stay connected

Shark Tank Australia founders are forming lasting networks through Davie Fogarty's Daily Mentor community, and Clutch Glue's founder raised pre-seed capital after declining a televised offer.

Also SmartCompany·Forbes Australia

3 deals

Indifferent: AirTree & CBA-backed proptech handed to administrators after raise attempts fail

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.

Exit / M&A

Milkrun is back from the dead after Woolworths brand acquisition

Woolworths has bought the collapsed grocery delivery brand Milkrun and will rebrand its Metro60 service under the name, while other food delivery startups including Voly, Providoor, SEND and CoLab have also shut or been acquired.

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Series A $75m

Milkrun collapse: Instant delivery startup lays off remaining staff and plans to close doors this week

Instant grocery delivery startup Milkrun is winding up, with co-founder Dany Milham telling staff trading ends this week. The article recalls its $75 million Series A backed by AirTree, Grok Ventures and Skip Capital.

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Funding announcement

“It f*cking rocks and this sucks”: Gourmet ready-meal service CoLab calls in the administrators

Ready-meal platform CoLab has entered voluntary administration after a financing round collapsed, with EY partners appointed; the piece also recalls failures across Australian food delivery, including Deliveroo Australia, Voly, Send and Quicko.

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Unnamed stage $3.1m

Grocery delivery startup SEND collapses into voluntary administration

Grocery delivery app SEND has entered voluntary administration with Worrells appointed; the article recalls its 2021 raise backed by Cherry Ventures and FJ Lab.

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2 deals

Tiger Global backs Koala founder's new grocery delivery startup in $75 million series A

Milkrun, Dany Milham's four-month-old rapid grocery delivery startup, has raised a $75 million Series A led by Tiger Global, with Airtree, Skip and Grok also investing; it had earlier raised A$11 million in mid-2021.

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