Company
Fintech lender
Every investor coverage indicates participated in a round Prospa raised.
Investors whose own portfolio pages list Prospa, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Square Peg Capital | its portfolio page ↗ |
The transaction that ended Prospa's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| - | IPO | Jun 2019 | $109.6m | SmartCompany, Startup Daily, Square Peg Capital |
Companies Prospa acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Beau Bertoli | Founder | SmartCompany, Square Peg Capital |
| Damon Pezaro | Chief Product Officer (former) | Australian FinTech |
| Gail Pemberton | Chair | SmartCompany, Startup Daily |
| Greg Moshal | Founder | SmartCompany, Square Peg Capital |
| Nicole Johnschwager | General Counsel | SmartCompany |
Stories naming Prospa. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
A Melbourne fund manager's tech fund led a $4.9 million investment in Sydney hospitality procurement platform Marketboomer, taking a 20 per cent stake to fund local resources, Asian and UK expansion and payouts to existing shareholders.
OwnHome has secured a $31 million Series A, with Square Peg Capital leading and Commonwealth Bank joining, as returning backers double down on its low-deposit route into home ownership.
Avenue Bank, a Sydney lender to small businesses, has obtained a full banking licence from APRA, 18 months behind schedule; the article recalls its $37m Series B, Liberty's backing, and neobank failures and sales.
Newsletter roundup covering Australian raises by Gilmour Space, BlockTexx, FirstWave and Bandicoot, acquisitions of Alumina, Cyanco, Quality Air Equipment and Amentco, plus takeover interest in CSR and Prospa.
Salter Brothers Tech Fund has proposed a roughly $74 million buyout that would delist Prospa from the ASX; directors back the offer, and the article recaps the lender's corporate history.
Prospa, the small-business lender, has agreed to a $74 million buyout by Salter Brothers Tech Fund and will leave the ASX, five years after floating at a far higher valuation.
Sydney small-business lender Shift, once known as GetCapital, has secured a Series C worth $27 million, with Sequoia Capital Southeast Asia heading the round and earlier backers also taking part.
Also Australian FinTech·SmartCompany·SmartCompany·Australian FinTech
Square Peg's retrospective of 2019: five new portfolio companies, several large rounds it led or co-led, two acquisitions, two IPOs, new team members, and its capital deployed across new and follow-on deals.
Also Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany
Australian venture firms Airtree, Square Peg and Blackbird have written down their Canva stakes, valuing the design company well below its last raise, amid wider market corrections hitting Klarna and other late-stage startups.
Square Peg explains its rationale for leading Athena's Series B, joined by Hostplus and Airtree, with analysis of the Australian mortgage market, the challenger lender's model, and its founding and senior team.
Square Peg marks small-business lender Prospa's stockmarket debut, recalling its 2017 investment and praising founders Greg and Beau for clarity, culture and resilience after a shelved float the year before.
Car loan platform CarClarity appoints Damon Pezaro, who held product roles at Domain, Prospa and Finder, as a non-executive director to advise on product strategy during its 2022 expansion.
Commentary piece on VC exit strategies (IPO, trade sale, secondary sale) referencing recent Australian tech M&A deals and venture funding rounds including Sendle, UpGuard, Sonder and others.