Ledger. Australian venture funding, tracked

Director | Responsible Manager, Defender AM

James Manning

Coverage

Stories naming James Manning. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Unnamed stage $11m

Brag Media cofounder sues Richard White-backed Vinyl for $2 million over acquisition deal

Brag Media cofounder Luke Girgis is suing Vinyl Group for performance payments from their 2023 sale; the piece also recalls Vinyl's other acquisitions and Richard White's $11 million investment.

Exit / M&A

Richard White-backed Vinyl Group's latest media play is acquiring Concrete Playground for $5 million

Music and media company Vinyl Group has agreed to buy the city guides brand Concrete Playground for $5 million in cash and shares, with completion expected by late February 2025.

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

2 deals

Q2 2024 Global Fund Newsletter

Defender AM's quarterly letter reports the Defender Global Fund's Q2 2024 performance, a fresh Lyka Pet Food raise at a higher valuation, and the fund's profitable part-sale of its Lyka holding.

Also Defender AM portfolio·Defender AM portfolio·Shearwater Capital portfolio·Business News Australia

Series A

Q1 2024 Global Fund Newsletter

Defender's quarterly investor letter reports its global fund's Q1 2024 performance and public-market moves, and revisits its Series A backing of Lyka Pet Food, an Australian fresh pet food maker building a Victorian facility.

Also Defender AM portfolio·Shearwater Capital portfolio·Business News Australia

Funding announcement

Q1 2024 Global Fund Newsletter

Defender's fund letter reports a 2% quarterly return, discusses listed trades including a semiconductor ETF position, and revisits its Series A investment in Australian pet-food maker Lyka Pet Food.

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