Founder, Koala
Stories naming Mitch Taylor. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Furniture brand Koala has secured $20 million ahead of its ASX debut at a $305 million valuation, while early backers including cofounder Mitch Taylor sold down some of their stakes.
Koala heads to the Australian bourse with a float mixing fresh equity and shareholder sell-downs, while a Test cricketer's decade-old six-figure backing of the furniture startup draws the spotlight.
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Cleaning products maker Zero Co, backed by Square Peg and crowdfunded via Birchal, is closing down solvent and will hand leftover funds to shareholders after failing to find a workable path forward.
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Maker of whisky and gin tasting boxes plans an equity crowdfunding campaign on Birchal to fund Southeast Asian expansion, having earlier taken capital from Koala's co-founders; no money has been raised yet.