Reinventing homeownership with a $31m raise
OwnHome has secured a $31 million Series A, with Square Peg Capital leading and Commonwealth Bank joining, as returning backers double down on its low-deposit route into home ownership.
Venture capital fund · 11 deals
San Francisco, OS
Every published round Global Founders Capital 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.
Companies Global Founders Capital has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Voly | Grocery delivery startup | Dec 2020, Seed | 1 | 0 |
| Upflowy | 24 Feb 2022 | 1 | 0 | |
| Tiiik | 28 Feb 2022, Seed | 1 | 1 | |
| The Mintable | management training startup | 8 Jun 2022, Seed | 1 | 0 |
| PropHero | Real estate investment platform | 18 Feb 2022, Pre-seed | 1 | 1 |
| OwnHome | 4 Feb 2022, Series A | 1 | 0 | |
| Ofload | Aug 2020, Seed | 2 | 0 | |
| Divipay | 17 Dec 2021, Series A | 1 | 0 | |
| ChefPrep | 28 Apr 2022, Seed | 1 | 1 | |
| Cecil | Spatial datasets API for ESG and nature risk analytics | 1 Mar 2022, Pre-seed | 1 | 0 |
Fund closes reported for Global Founders Capital, as distinct from the investments it has made.
Companies Global Founders Capital has backed that another company then bought. An exit for the holding, not a deal Global Founders Capital did.
| Name | Role | Sources |
|---|---|---|
| Melvin Hade | APAC Partner | SmartCompany, Startup Daily (28 Apr 2022), Startup Daily (18 Feb 2022), Australian FinTech |
| Tito Costa | Partner | Startup Daily (22 Feb 2022), Startup Daily (13 Dec 2021) |
Stories naming Global Founders Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
OwnHome has secured a $31 million Series A, with Square Peg Capital leading and Commonwealth Bank joining, as returning backers double down on its low-deposit route into home ownership.
Podcast interview with OwnHome co-founder James Bowe covering its deposit-boost lending product, the pivot away from rent-to-buy, and its earlier seed and Series A raises.
Weekly roundup reporting eight Australian startups together raised $85.6 million across mining tech, cybersecurity, waste, energy storage, health and micromobility, plus a Google.org grant for Global Sisters.
Our Cow, a NSW meat subscription business, bought the brand, app and customer database of collapsed grocery delivery startup Voly; the article also recalls Voly's seed raise and Our Cow's crowdfunding round.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily
Australian road-freight platform Ofload has raised $60 million in Series B debt and equity, led by Jungle Ventures, following its September purchase of Melbourne-based freight business CIA Logistics.
Also SmartCompany·Startup Daily·SmartCompany·@AuManufacturing·SmartCompany·Techboard·SmartCompany·SmartCompany·Startup Daily
A weekly roundup reporting agrifoodtech raises including Foodology, klikit, Pulp Culture, Foodini, Isthara, Soli Organic, FlyFeed and AgriWebb, plus Getir's acquisition talks for Gorillas and other sector news.
ChefPrep bought Co-Lab Pantry and relaunched as CoLab, a nationwide gourmet delivery venture, backed by an earlier seed round led by Artesian Ventures and Global Founders Capital.
Also Startup Daily
Techboard's monthly roundup cataloguing April 2022 Australian startup funding: megadeals, seed rounds, grants and crowdfunding, nine acquisitions, several ASX listings, and venture firms' fund news.
Manager-training platform The Mintable, founded by Lauren Humphrey and Melissa Miller, has raised a $6.8 million seed round led by Blackbird, after previously securing $1.3 million in pre-seed backing.
Also Startup Daily
Sydney meal marketplace ChefPrep has secured $3 million in seed funding led by Artesian Ventures and Global Founders Capital, following an earlier angel round, to grow its restaurant network and delivery zones.
Also Startup Daily·Techboard·SmartCompany·Startup Daily·Startup Daily·Startup Daily
Advanced Navigation, with Malcolm Turnbull on its board, is seeking $80-135 million; the piece recalls its 2019 $20 million Series A and Minderoo's strategic investment.
Also @AuManufacturing·SmartCompany·SmartCompany·Forbes Australia
Shippit, a Sydney logistics software provider, has bought last-mile technology firm Premonition for A$20.5 million; the piece also recalls Shippit's 2020 Series B and notes another raise in progress.
Weekly roundup of agrifoodtech deals: numerous startup funding rounds including GrowUp Farms, PlantLab and Australia's Cecil, a secondary share sale in Hone, and Kerry Group's acquisitions of C-LEcta and Enmex.
Upflowy, an Australian no-code platform for optimising signup flows, raised $4 million led by Counterpart Ventures with returning backers, and plans to grow headcount and expand into the US.
Also Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily
Australian property investment platform PropHero has raised a $1.6 million seed round led by GFC Global Founders Capital, with AfterWork Ventures, Jelix Ventures and The Fund participating, to improve data models and expand nationally.
Also Australian FinTech·Startup Daily·Startup Daily·Startup Daily·Australian FinTech
Sydney instant grocery delivery startup Voly has raised A$18 million in a seed round led by Sequoia Capital India, with Global Founders Capital and Artesian Capital participating; both also joined its earlier $1 million pre-seed.
Also SmartCompany·Tech Funding News - Australia·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily
Sydney spend-management startup DiviPay has secured a $20 million Series A to drive international expansion, product development and team growth, backed by Global Founders Capital, Rapyd Ventures and individual investors.