Startup · $183.5m raised
Subscription fresh dog food maker selling direct to consumers
Sydney, NSW
Existing Lyka shares sold by the funds and people who held them. None of this money reached Lyka, and none of it counts in what Lyka raised.
| Sold by | Announced | Amount | Valuation | Bought by | Sources |
|---|---|---|---|---|---|
| Defender AMDefender Global Fund | 2Q 2024 | - | - | Defender AM portfolio (30 Jun 2024), Defender AM portfolio (30 Jun 2024) |
Every investor coverage indicates participated in a round Lyka raised.
| Investor | Rounds | Invested |
|---|---|---|
| LGVP | Series C · Series B · Series B | - |
| Afterwork Ventures | Series C · Series B | - |
| Point King Capital | Series C · Series B | - |
| Shearwater Capital | Series C · Series A | - |
| StepStone Group | Series C · Series B | - |
| AirTree Ventures | Series C | - |
| Stepstone | Series C | - |
| Wattle Hill | Series C | - |
| Shearwater | Series B | - |
| Craig Blair | Series B | - |
| Itai Tsiddon | Series B | - |
| Paul Wilson | Series B | - |
| Defender AM | Series A | - |
Companies Lyka acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Lyka. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Street Talk reports L Catterton is in exclusive due diligence to buy Byron Bay dog food brand Eureka Pet Co, which earlier this year brought in Miras Capital to seek a capital partner.
Street Talk reports Sydney adviser Miras Capital is seeking a new part-owner for pet food business Eureka Pet Co, sounding out private equity and strategic buyers at up to $40 million.
BuildPass, a Melbourne construction software maker, says its American business now exceeds a fifth of revenue half a year after opening in Austin, with growth credit from Mighty Partners funding the expansion.
Shearwater Capital republishes a profile of Mike Gregg recounting his two-decade personal stake in WiseTech, his earlier healthcare software exit, and the firm's repeated investments in pet food business Lyka.
Sydney pet food firm Lyka has banked a $67 million Series C led by New York's LGVP, with StepStone Group and Shearwater Capital taking part, to bankroll new products and overseas growth.
Also SmartCompany·SmartCompany·Startup Daily·Startup Daily·petnews.com.au
A weekly roundup detailing new funding rounds for six Australian startups: Lyka, PlasmaLeap, Firmable, Veyor, Lumonus and Future Minds Network, with investors and round details.
Pet food subscription company Lyka has closed a $67 million Series C led by New York fund LGVP, which backed its earlier raises, lifting the startup's lifetime funding to $155 million.
Weekly roundup of four Australian startup raises: Kismet's $20m seed extension, Primary's $3.5m seed round, Willed's $3m from Seven West Media, and East Forged's $1.5m from a Vietnamese agribusiness's venture arm.
Sydney cash-management startup Primary has completed a $3.5m seed round backed by Carthona Capital and five other funds, with Carthona partner Damian Fox set to join its board.
Also SmartCompany
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
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
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.
Shearwater Capital recounts touring portfolio company Lyka's Sydney pet food factory, noting its follow-on participation in the company's latest raise and an upcoming second facility in Melbourne.
LinkedIn's seventh annual ranking of Australia's top startups puts Immutable first and Harrison.ai second; the piece also notes me&u's recent merger with Mr Yum and the Tran brothers' three-year fundraising tally.
Also Startup Daily
Techboard's June 2023 roundup of Australian startup funding, led by Pet Circle's $75m Series D, lists raises by Stacked Farm, Lyka, In1Bank, Splend, ImmVirX, Midnight Health, Sicona and Nutromics, and teases its FY23 review.
Blackbird led a $2 million pre-seed raise for MagicBrief, a Sydney martech startup building an advertising creative workflow platform, with Archangel Ventures and several founder-angels also taking part.
A quarterly Cut Through Venture survey reports Australian startups raised $810 million across 90 deals in Q2 2023, listing the largest rounds and noting improved investor sentiment despite a sluggish first half.
Also SmartCompany
Prysm Capital has invested a further $75 million in Sydney pet-care platform Pet Circle, keeping its valuation above $1 billion; the piece also recalls its 2021 Series C and Lyka's June raise.
Also Forbes Australia·Forbes Australia·SmartCompany·Techboard·Startup Daily·SmartCompany
Defender's quarterly fund letter reports Q2 returns, AI and resources holdings, and portfolio company Lyka's second up-round at a stated US$150 million valuation.
Also SmartCompany·SmartCompany·Techboard·Business News Australia·Forbes Australia
Weekly roundup of six Australian startup raises: Lyka's Series B extension, plus new funding for HydGene, JDoodle, One Future Football, Aquila and Number 8 Bio, with investors and founder comment.
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Techboard's monthly roundup tallies October 2022 startup funding at $661m across 99 deals, listing megadeals such as Airwallex, acquisitions, Square Peg's $861m fund close and government grants to program operators.
Also @AuManufacturing
Pet food subscription startup Lyka closed a $30 million Series B led by Israeli investor Itai Tsiddon, with Craig Blair and Paul Wilson returning; the article also recalls its 2018 raise and Adobe's Frame.io acquisition.
Also SmartCompany·Techboard·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Business News Australia
The co-founders of Sydney venture firm AfterWork Ventures have been recognised on the Forbes Asia young leaders list, alongside other regional founders and investors; the firm earlier reached a $10 million first close on its fund.
AfterWork Ventures explains why it led coaching-software startup Medoo's pre-seed round, profiling its two founders' operating backgrounds and arguing workplace trends will drive adoption of coaching tools.
Sydney pet-care platform Pet Circle has raised $125 million in a Series C round backed by Prysm Capital, TDM Growth Partners, Baillie Gifford and AirTree Ventures, reaching unicorn status.
Also SmartCompany·Techboard·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Business News Australia·petnews.com.au·Forbes Australia·Forbes Australia·SmartCompany
Pay-equity software startup EvenBetter.ai has landed a half-million-dollar investment from Shearwater Capital ahead of next month's launch, as new Australian gender pay reporting rules take effect.