Ledger. Australian venture funding, tracked

Company

HLB Mann Judd

Sydney, NSW

Coverage

Stories naming HLB Mann Judd. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

3 deals

VC EVP's legal fight with StrongRoom AI to recover its $10.4 million investment continues as liquidator grills

EVP's Federal Court bid to claw back $10.4 million from collapsed healthtech StrongRoom AI continues, with liquidator examinations of former directors ahead; the rebooted business has since raised fresh funds under owner Joe Zhou.

Also AFR Technology·This Week in Australian Startups·Dealroom

Unnamed stage $17m

StrongRoom sells for $3 million – and now the games begin

Healthtech firm StrongRoom AI sold to pharmacy operator Joe Zhou for $3 million via administrators, while backer EVP litigates to recoup $10.4 million after the startup's collapse following a March raise.

Also SmartCompany·Startup Daily·AFR Technology

2 deals

After investing $10.4 million, EVP claims StrongRoom AI's CEO and cofounder admitted to fraud with fake revenue numbers

EVP alleges StrongRoom AI's CEO admitted fabricated revenue and debt figures after the Sydney VC invested $10.4m in a $17m raise; the Melbourne startup is now in administration with assets frozen.

Unnamed stage $17m

Strong Room AI's administrators press ahead with sale amid court battle over $10 million

Strong Room AI, a Melbourne medicines-management startup, is in voluntary administration weeks after a February raise; investor EVP's court action froze assets while administrators seek a buyer and creditors meet on April 8.

Something wrong? Tell us