Investor · 1 deal
Property company, customer of Relevance AI
Every published round Mirvac 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.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Honey Insurance | Seed | 2021 | $15.5m | Participant | Forbes Australia, SmartCompany |
Companies Mirvac has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Honey Insurance | Insurance company | 2021, Seed | 1 | 0 |
Fund closes reported for Mirvac, as distinct from the investments it has made.
Companies Mirvac has backed that another company then bought. An exit for the holding, not a deal Mirvac did.
| Name | Role | Sources |
|---|---|---|
| Gary Flowers | COO | Startup Daily |
| Geoff Levy | Director (former) | Our Innovation Fund |
| Kate Beech | General Manager, Asset Management | Australian FinTech |
| Elana Rubin AM | Non-executive Director (former) | Australian FinTech |
Stories naming Mirvac. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Lendi Group has opened a new Sydney headquarters at South Eveleigh's Locomotive Workshop, with the space designed to support its growing team, brokers and partners as the fintech expands.
Payments company Airwallex has brought in a new independent chair for its Australian board and added a former New Zealand prime minister as a director; he already leads its NZ board.
Airwallex has appointed Elana Rubin AM to chair its Australian board and former New Zealand prime minister Sir Bill English as a director there, with both roles starting immediately; their other board roles are listed.
Allume, a Melbourne company whose SolShare hardware shares rooftop solar among apartments, has raised A$10.2 million, with E.ON UK leading and contributing over A$8 million; earlier backers included Taronga, Trawalla and Mirvac.
Sonder, a workplace health and wellbeing provider, closed a 40 million dollar round with Blackbird and Seek leading, Hostplus newly investing, and funds aimed at growth across Australia, New Zealand, Britain and AI features.
Business lender Shift has named Praveenesh Pala, previously CFO at Tyro Payments, as its Chief Financial Officer with immediate effect, bringing two decades of financial services experience as the company scales.
Australian insurtech momentum examined: Honey Insurance's Series A and Cover Genius's raise led Q2 2024 funding, while an Airtree partner argues incumbents have left insurance open to technology-driven challengers.
Also SmartCompany
Weekly roundup covering five Australian startups' raises: an insurtech Series E, a digital ID Series A, medtech and proptech funding, and a recycling platform's equity crowdfunding campaign.
Home insurer Honey Insurance has raised a $108 million Series A led by US firm Gallatin Point Capital, following a seed round backed by RACQ, AGL, Metricon, Mirvac and PEXA.
Superloop's board has rejected Aussie Broadband's merger proposal as too low, with Aussie already holding a 19.9% stake; the piece also recalls Superloop's VostroNet purchase and Aussie's Symbio buyout.
OIF Ventures' year in review: full Eftsure exit, Opportunity Fund close, Visory, DataMasque and Nullify backed, follow-ons at Inspace and Dataweavers, new team members and portfolio milestones.
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Eaton Square says it acted for Extent Heritage, an archaeology and heritage consultancy, in the company's sale to RSK Australia, with principals Roger Collins-Woolcock and Mark Goodwin leading the mandate. No price disclosed.
OIF's blog republishes an AFR report: Inspace has banked a $6 million round backed by B Capital and OIF, plans AI features and US growth, while proptech peers :Different and Yabonza have failed.
Also Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany
Circonomy, formerly World's Biggest Garage Sale, has opened a Melbourne refurbishment hub and launched a national squad helping corporate clients divert surplus goods from landfill, with new CEO Ryan Swenson appointed from shareholder Officeworks.
Sydney proptech Yabonza has entered administration owing creditors over $2.5 million, with a sale now sought; the piece recalls its convertible note raise, a $9.5 million property fund, and its 2020 acquisition of Easyshare.
Also SmartCompany
Virtual inspection platform Inspace has secured A$4 million in fresh capital, with Our Innovation Fund leading the round alongside Leigh Jasper, Investible and Artesian. OIF partner Geoff Levy joins the board.
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Galileo Ventures reflects on backing Relevance AI from its VectorAI origins, recalling its seed and Series A rounds and celebrating the company's newly announced Series B.
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