Two Aussie startups that raised $132 million this week
Weekly roundup covering UpGuard's $105 million Series C and EatClub's $27 million Series B, plus earlier funding history for both Australian companies.
Venture capital fund · 3 deals
Every published round Firemark 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 |
|---|---|---|---|---|---|---|
| Trendspek | Series A | 9 Dec 2022 | $6.3m | Participant | Startup Daily (2 Oct 2026), SmartCompany (2 Oct 2026), Dealroom, Startup Daily (29 Sep 2026), Startup Daily (14 Dec 2023), SmartCompany (9 Dec 2022), Startup Daily (6 Dec 2022) | |
| Partnar | Unnamed stage | 7 Mar 2022 | - | Participant | Startup Daily (7 Mar 2022), Startup Daily (28 Feb 2022) | |
| UpGuard | Series B | 2021 | $25m | Lead | SmartCompany, Startup Daily, rswebsols.com |
Companies Firemark Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
Investors that coverage says has money in a fund Firemark Ventures runs. This is a stake in the fund, not in any company the fund has backed.
Companies Firemark Ventures has backed that another company then bought. An exit for the holding, not a deal Firemark Ventures did.
| Name | Role | Sources |
|---|---|---|
| Rebecca Schot-Guppy | Manager of Leverage and Portfolio Management | Startup Daily |
Stories naming Firemark Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly roundup covering UpGuard's $105 million Series C and EatClub's $27 million Series B, plus earlier funding history for both Australian companies.
Hobart cybersecurity company UpGuard has landed US$75 million in Series C backing led by Springcoast Capital, with the article also recalling earlier Startmate and Firemark Ventures rounds.
Also Dealroom·Forbes Australia·Startup Daily·SmartCompany·ontargetish.com·SmartCompany·Forbes Australia
A weekly roundup reporting ten Australian startup funding rounds totalling roughly eighty million dollars, spanning insurance tech, biotech, process mining, connectivity and food, with several female-founded companies among the recipients.
Sydney digital-twin software firm Trendspek raised a $6.3 million Series A led by Taronga Ventures with IAG's Firemark Ventures, after a 2020 seed round led by Sydney Angels.
Also SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Dealroom
Ignition Lane's weekly roundup: Zip's deal for Sezzle, Zeller's unicorn raise, several Australian funding rounds, Startmate backing Provvy, a space manufacturing grant, NZVC's first close, and tech's response to Russia.
IAG's venture arm Firemark Ventures has committed a $75 million second fund, already deployed into Texas 3D imaging startup Plnar; earlier backing included UpGuard, Myriota, Hyper Anna, Airtasker and Life360.
Also Startup Daily