Corporate / CVC · 15 deals
San Francisco, OS
Every published round Salesforce Ventures 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 Salesforce Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Refundid | powers the product returns and refund engine for more than 80 retailers | 18 Jul 2022, Seed | 1 | 1 |
| Q-CTRL | 6 Feb 2023, Series B | 2 | 1 | |
| Marketplacer | Nov 2021 | 1 | 0 | |
| Go1 | Startup that reached unicorn status in 1H 2021 | May 2020, Series C | 4 | 1 |
| Fingerprint For Success | 3 Feb 2023, Seed | 1 | 0 | |
| Axion | AI software for manufacturers to detect and resolve product issues | 15 Dec 2025, Series B | 1 | 1 |
| Athena | Sydney, Australia-based online lending startup focused on home loans | 21 Oct 2019, undisclosed | 1 | 0 |
| Airwallex | Fintech payments and financial infrastructure company | 11 Oct 2022, Series D+ | 4 | 1 |
Fund closes reported for Salesforce Ventures, as distinct from the investments it has made.
Companies Salesforce Ventures has backed that another company then bought. An exit for the holding, not a deal Salesforce Ventures did.
| Name | Role | Sources |
|---|---|---|
| Mike Ferrari | Head of Australia (former) | Startup Daily |
| Mike Ferrari | Boss (former) | Startup Daily (21 Feb 2023), Startup Daily (13 Oct 2022) |
| Robert Keith | Managing Director | Startup Daily, TechCrunch Venture |
Stories naming Salesforce Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Canva has bought AI agent platform Simtheory and marketing software Ortto from the Sharkey brothers, who also founded Stayz — its fourth and fifth purchases this year, prices undisclosed.
Melbourne's Culture Amp has cut roughly 60 roles amid a push into AI products like AI Coach; the piece also recalls its 2019 Series E, 2021 Series F and $2 billion valuation.
Ranking of Australia’s five best-funded fintechs — Airwallex, Athena, Zeller, InDebted and Brighte — profiling each one’s total raised, most recent raise, backers, valuation and growth moves.
Weekly roundup of seven Australian startup raises, led by Airwallex's Series F, plus EatClub, Kite Magnetics, Termina, Preve, Foremind and Liveheats.
Also Startup Daily
Payments firm Airwallex closed a large Series F at a $9.6 billion valuation, led by Square Peg with several local and global backers, while the piece recalls its earlier raises back to 2016.
Airwallex has wrapped a $465 million Series F at a $9.6 billion valuation; Blackbird joins for the first time and half the round is a secondary sale for early backers.
Also Australian FinTech·SmartCompany·Women's Agenda·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Australian FinTech·Forbes Australia·Forbes Australia·Women's Agenda·Crunchbase News
Weekly roundup detailing six Australian raises: Q-CTRL's Series B extension, plus fresh capital for Mutinex, Atelier, Rosterfy, Build Club and Axify.ai, naming lead investors and founders throughout.
Quantum computing company Q-CTRL has added $87.5 million in fresh equity, expanding its Series B round, with GP Bullhound leading and a group of new and returning backers participating.
Also Forbes Australia·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily
Weekly deals roundup: Typeface buys two AI startups, Workday and IBM also acquire, Flink, Intezer, GreenLite and EasyDMARC raise, and Era Ventures gathers $88 million for its debut fund.
Eleven companies reached billion-dollar private valuations in March 2024, three from crypto; the roundup lists each newcomer's raise, lead backer and worth, with Sydney's Deputy the only Australian.
Also Crunchbase News
Payments platform Airwallex has teamed up with venture investing platform OurCrowd, letting investors back global startups in local currencies; since February over a third of OurCrowd's FX flow has run through Airwallex.
Weekly roundup covering five Australian startups that announced a combined $58.5 million in new funding, spanning quantum computing, advertising software, mining safety technology and event rental software, alongside government grant programs.
Quantum control software firm Q-CTRL is opening a purpose-built Sydney headquarters for quantum research, product development and commercialisation, backed by NSW and federal government funding, with opening expected late 2023.
Also @AuManufacturing·SmartCompany·SmartCompany·@AuManufacturing
Payments company Cuscal is acquiring open banking data firm Basiq for an undisclosed price, letting backers NAB Ventures, Salesforce Ventures, Reinventure and Visa cash out.
Also Australian FinTech·Startup Daily·Startup Daily·Australian FinTech
Salus Ventures, a new Australian defence-focused VC fund, has hired ex-Salesforce Ventures and In-Q-Tel executive Mike Ferrari as managing director, with a $25 million first close toward a $40 million target.
Roundup of six Australian startup raises totalling $94 million: Q-CTRL, Hnry, FoodByUs, F4S, STRAAND and Lenexa Medical, backed by investors including Salesforce Ventures, AirTree, Base Capital, Investible, Unilever Ventures and Stoic VC.
Also stoicam.com.au
Fingerprint for Success, an AI coaching platform, has closed a $6.5 million second seed round led by Investible, with Canva's founders investing again; its lifetime funding now totals $9.2 million.
Fingerprint for Success, maker of AI coach Marlee, raised $5 million in an Investible-led seed round, lifting total funding to $9 million, with participation from Five V Capital, Salesforce Ventures and several high-profile angels.
Also SmartCompany
Sydney quantum software firm Q-CTRL announced a $27.4 million Series B extension with new backers including Salesforce Ventures, following its $25 million Series B led by Airbus Ventures in late 2021.
Also Startup Daily·SmartCompany·SmartCompany·SmartCompany·@AuManufacturing·Forbes Australia
Salesforce is shutting its Australian venture arm amid global layoffs. Local head Mike Ferrari has departed, and the unit's Australian investments will now be run from the company's American headquarters.
Roundup of six Australian startups that together secured about $196 million this week, covering raises by Airwallex, SunDrive, T-Shirt Ventures, Iluminr, Foodini and Banksia Academy.
Workforce intelligence firm Reejig has raised $17 million with Salesforce Ventures investing, eight months after completing its Series A. The 2019-founded company's earlier backing came from Skip Capital, Airtree and Right Click Capital.
Airwallex has secured a $100 million Series E-2 extension at an unchanged $5.5 billion valuation, joined by existing backers plus HostPlus, to fund growth, new products and acquisitions.
Also SmartCompany·Startup Daily·Australian FinTech·SmartCompany·Techboard·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Forbes Australia·Australian FinTech·Australian FinTech·Forbes Australia
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·Square Peg Capital·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany
A roundup of Australian startups that raised funds in recent weeks: mx51, Refundid, Storipress, HIVERY, InternMatch, upcover, Pearler and Loopit together secured over $100 million despite a cooling venture market.
Also Cut Through Venture
A Brisbane learning-platform company has banked fresh backing exceeding US$100 million, lifting its worth to US$2 billion, with several venture investors named, alongside two recent acquisitions and a new president.
Also Startup Daily·Techboard·SmartCompany·Startup Daily·SmartCompany·Startup Daily
Airwallex is reportedly seeking a second Series E extension of about US$150 million, while the article recalls its earlier Series D, E and E1 raises and flags a possible 2024 public listing.
Square Peg's post explains why it led mortgage platform Athena's $70 million Series C, with Hostplus and Airtree reinvesting and Australian Super, NAB Ventures and Salesforce Ventures joining as new backers.
Marketplacer has banked a fresh $38 million injection from first-time and returning backers after a mooted 2021 float failed to proceed, with the money earmarked for growth in America and product development.
Republished AFR report recalls Go1's earlier backing and Series C investors, including OIF, while its reported Series D at a billion-dollar valuation remains in progress and a listing is flagged.
Also SmartCompany·SmartCompany
Axion founder Daniel First announces a $37 million Series B with Salesforce Ventures leading, lifting total raised to $64 million, and describes the company's AI platform for resolving product quality issues in manufacturing.
Also axion.com