Functionly

Ignition Lane's Weekly Wrap: Startup hatches, matches & dispatches, fresh crop of VCs, Microsoft 30.0

Weekly roundup reporting many startup funding rounds, Investible's fund close, Skalata's committed capital, hipages buying Builderscrack, Stack Sports acquiring Team App, and Level Equity's stake purchase in Eftsure.

Also SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily

Investible closes its 2nd early-stage fund at $51.6 million

Sydney VC Investible has wrapped up its second early-stage fund oversubscribed at AU$51.6 million, double its predecessor, and is still raising a $100 million climate tech vehicle; portfolio includes Quantum Brilliance and Functionly.

Also Startup Daily·Techboard

Functionly secures US $2.7m (AU$3.6m) in seed round funding to disrupt the organisational design industry with simple software for leaders

Org-design software maker Functionly announced a AU$3.6m seed round with Black Nova Venture Capital leading and several funds plus angels taking part, bringing its overall funding to AU$5.9m alongside an earlier A$598k government grant.