FUNDED APRIL 2022
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.
Company
Kuala Lumpur, OS
Every published round Limitless Technology 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 Limitless Technology has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Limitless Technology, as distinct from the investments it has made.
Companies Limitless Technology has backed that another company then bought. An exit for the holding, not a deal Limitless Technology did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Limitless Technology is recorded as having been acquired. | ||||
Companies Limitless Technology acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| LVLY | Acquisition | 23 May 2022 | $35m | Techboard, Startup Daily (23 May 2022), SmartCompany, Startup Daily (26 Apr 2022) |
| Name | Role | Sources |
|---|---|---|
| Kai Kux | CFO | Startup Daily |
| Maximilian Lotz | CEO · Founder | SmartCompany, Startup Daily |
| Hannah Spilva | SmartCompany, Startup Daily |
Stories naming Limitless Technology. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
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.
Weekly tech wrap: cloud-market trends, Tiger Global's cheques into Stake, Shippit and Carma, new VC funds, several acquisitions, grocery delivery startups Send and Quicko collapsing, and Elaine Stead joining M8 Ventures.
Also Startup Daily
Melbourne flower and gift delivery business LVLY bought by Asian e-commerce group for $35 million, founders reportedly pocketing $20 million; one co-founder joins the buyer's board, the other departs.
Melbourne gifting startup LVLY has been bought by Malaysia's Limitless Technology for about $35 million, with co-founders receiving around $20 million; the deal is financed via a convertible and venture debt raise.