Five Aussie startups that raised $163.6 million this week
Weekly roundup covering five Australian startups' raises: an insurtech Series E, a digital ID Series A, medtech and proptech funding, and a recycling platform's equity crowdfunding campaign.
Venture capital fund · 2 deals
Every published round Ellerston Ventures 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.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Data Zoo | Series A | 14 May 2024 | $35m | Participant | SmartCompany, Startup Daily, Australian FinTech | |
| Prospection | Series B | 15 Sep 2021 | $45m | Lead | SmartCompany, pharmadispatch.com, prospection.com, AFR Technology, Main Sequence Ventures portfolio |
Companies Ellerston Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Data Zoo | 14 May 2024, Series A | 1 | 0 | |
| Prospection | 15 Sep 2021, Series B | 1 | 1 |
Fund closes reported for Ellerston Ventures, as distinct from the investments it has made.
Companies Ellerston Ventures has backed that another company then bought. An exit for the holding, not a deal Ellerston Ventures did.
| Name | Role | Sources |
|---|---|---|
| David Leslie | Investment Director (former) | Australian FinTech, Ellerston Capital portfolio, prospection.com |
Stories naming Ellerston Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly roundup covering five Australian startups' raises: an insurtech Series E, a digital ID Series A, medtech and proptech funding, and a recycling platform's equity crowdfunding campaign.
Identity verification firm Data Zoo has banked roughly A$35 million in Series A backing from Ellerston JAADE, its first external capital, and recently installed an ex-LSEG chief executive as it eyes international growth.
Ellerston's JAADE fund says it invested in Nitro Software alongside Potentia Capital, part of the takeover that delisted the document productivity software company from the ASX.
Australian health-data analytics firm Prospection has closed a $45 million Series B, cornerstoned by Ellerston JAADE with Main Sequence and Horizons Ventures participating; its $10 million Series A dates to February 2020.