Startup · $105m raised
Melbourne, VIC
Programs: LaunchVic (30×30)
Every investor coverage indicates participated in a round HammerTech raised.
| Investor | Rounds | Invested |
|---|---|---|
| LaunchVic | Accelerator | - |
| Riverwood Capital | Series B | - |
Companies HammerTech acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Ben Leach | CEO · Founder | LaunchVic, SmartCompany, Startup Daily |
| Rob Phillpot | Strategic Adviser (former) | Startup Daily |
| Nick Peters | VP of Operations | LaunchVic, Startup Daily |
Stories naming HammerTech. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Two young Melbourne founders have secured pre-seed backing for Fluency, their AI platform that automates business process documentation, drawing support from a local venture firm and Singaporean funds.
Also SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily
Year-end roundup ranking 2024's twelve largest startup raises, headed by PsiQuantum's $940 million government-backed quantum computing round, plus Guzman y Gomez's ASX listing and Betashares' Temasek investment.
Quarterly tally finds ANZ startups raised far less than the prior period, with Hammertech's raise the largest, SafetyCulture pairing capital with a stake sale, AI firms prominent, and women founders still drawing little backing.
LaunchVic case study on HammerTech, a Melbourne construction-tech firm and 30×30 alumnus, recalling its Series B raise for international expansion, UK and Ireland offices, and progress toward unicorn status.
Weekly roundup of four Australian raises: HammerTech $105m led by Riverwood Capital, JigSpace $13m led by Breakthrough Victoria, ExoFlare's $5.3m seed, and Go Locum's $350,000 seed led by Paspalis.
Melbourne construction software firm HammerTech has raised $105 million from California's Riverwood Capital, which takes a board seat, with the money earmarked for US expansion and AI development.
LaunchVic has selected ten scaleups for the last intake of its 30X30 mentoring program, which pairs their leaders with mentors from unicorn companies; the 20 earlier participants have together raised over $98.7 million.
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