Culture Amp cuts 60 jobs as AI focus grows
Melbourne's Culture Amp has cut roughly 60 roles amid a push into AI products like AI Coach; the piece also recalls its 2019 Series E, 2021 Series F and $2 billion valuation.
Family office · 2 deals
family VC fund of Atlassian co-founders
Every published round Grok 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.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Vow | Seed | Jan 2021 | $7.7m | Participant | Startup Daily (18 Jun 2025), Startup Daily (14 Jan 2025), Startup Daily (29 Nov 2024), Startup Daily (6 Apr 2024), Startup Daily (15 Nov 2022), TechCrunch Venture, SmartCompany, Cut Through Venture | |
| SunCable | Venture debt | 20 Jan 2023 | $65m | Lead | Startup Daily (11 Sep 2023), RenewEconomy (19 Apr 2023), RenewEconomy (15 Mar 2023), Startup Daily (24 Jan 2023) |
Companies Grok Capital has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for Grok Capital, as distinct from the investments it has made.
Companies Grok Capital has backed that another company then bought. An exit for the holding, not a deal Grok Capital did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| SunCable | Helietta Holdings | Acquisition | Sep 2023 | - |
| SunCable | Grok Ventures | Acquisition | May 2023 | - |
Stories naming Grok Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Melbourne's Culture Amp has cut roughly 60 roles amid a push into AI products like AI Coach; the piece also recalls its 2019 Series E, 2021 Series F and $2 billion valuation.
The children's fintech Spriggy will retire its investment app in August 2025 and refund users, keeping its main pocket money service while it builds a replacement due in 2026.
A profile of Startmate ranking the twenty most valuable companies it has backed, noting their valuations, past raises and founders, plus Bugcrowd's newly announced purchase of Informer and its climate focus.
A Sydney food-tech firm grew a meatball carrying mammoth DNA, unveiled in Amsterdam; the piece recalls its $7.7m seed and $73.5m Series A and names backers Blackbird, Square Peg and Grok.