Ledger. Australian venture funding, tracked

Founder, Neara · angel in 1 deal

Scott Farquhar

Coverage

Stories naming Scott Farquhar. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Funding announcement

From 0 to 4.5 billion: how the Startmate pay-it-forward mentorship model built a startup powerhouse

Startmate reflects on a decade of backing founders, profiling breakout alumni across its cohorts and describing how its mentors reinvest in newer startups, alongside its fund model and returns.

Unnamed stage $2.3m

Queensland R&D finance fintech raises $2.3 million

Equity raise of $2.3m by Advanced, a Sunshine Coast R&D finance startup building a $25m lending fund; backers include Wayne Gerard and Phil Cummins, who joins the board.

Also Startup Daily·Startup Daily

undisclosed $45m

PE giant buys in as Aussie AI infrastructure start-up raises $45m

Neara, an Australian AI infrastructure startup, raised $45 million led by EQT, Partners Group and Square Peg Capital, with Skip Capital and Prosus Ventures returning; funds target North American and European expansion.

Fund close $200k

Startmate’s top 20 most valuable investments

A profile of Startmate ranking the twenty most valuable companies it has backed, noting their valuations, past raises and founders, plus Bugcrowd's newly announced purchase of Informer and its climate focus.

News

Students are getting into VC with NextGen Ventures to back uni-founded startups

Student-run fund NextGen Ventures launches to back university-founded startups, training student investors with partner VC firms and seeking its own capital; its report counts over $1.2 billion raised by student-founded startups since 2012.

Seed $10.2m

The ten richest women in Australia, according to the AFR

Profiles Australia's ten wealthiest women from the AFR's new list, alongside Canva's in-progress share sale, a large gift to a global gender-fund vehicle, and one backer's earlier healthtech round.

Also quadrantpe.com.au·Forbes Australia

5 deals

Subscription e-bike startup Zoomo cuts jobs again after raising $24 million

E-bike subscription startup Zoomo cut 27 roles in its second restructuring in six months, weeks after client Milkrun's collapse, and disclosed a previously unreported $24 million raise led by Grok Ventures and the CEFC.

Also Techboard

Series A $75m

Milkrun collapse: Instant delivery startup lays off remaining staff and plans to close doors this week

Instant grocery delivery startup Milkrun is winding up, with co-founder Dany Milham telling staff trading ends this week. The article recalls its $75 million Series A backed by AirTree, Grok Ventures and Skip Capital.

Also Forbes Australia·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·AgFunderNews·Forbes Australia

4 deals

HR analytics startup grabs $15 million from Salesforce

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.

Seed $10.2m

Human books $10.15 million for new approach to chronic illness care, secures largest-ever funding round for Australian female founding team

Health tech startup Human closed a seed round led by Airtree Ventures with Skip Capital participating, which the founders say is the largest raise by an all-Australian female founding team.

Also Startup Daily·Women's Agenda·Cut Through Venture·SmartCompany·SmartCompany·Women's Agenda

Funding announcement

Mr Yum completes first major acquisition, obtaining MyGuestlist to help restaurants build personalised marketing to diners

Hospitality tech firm Mr Yum has bought customer data platform MyGuestlist in a cash-and-stock deal worth tens of millions, its first acquisition, following an $89 million raise led by Tiger Global.

Also Startup Daily·SmartCompany·Startup Daily·Forbes Australia

10 deals

E-bikes, SME lending and rethinking ‘tickets’: Seven $1 million-plus raises you might have missed

Weekly roundup of seven startup raises: OCR Labs' Series B, Zoomo's Series B extension, plus new funding for Lumi, Upflowy, Linkby, Fortiro and Licorice, alongside Scalapay's unicorn round and Arkon Energy's pre-seed.

Also SmartCompany·Startup Daily·Startup Daily·Startup Daily·Techboard·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Forbes Australia·Australian FinTech

2 deals

e-bike startup Zoomo tops up Series B with another $28 million

Delivery e-bike firm Zoomo has added US$20 million to its Series B, led by Collaborative Fund, three months after an $80 million round backed by the Atlassian founders' vehicles, lifting total funding beyond $100 million.

Also Startup Daily

2 deals

Tiger Global backs Koala founder's new grocery delivery startup in $75 million series A

Milkrun, Dany Milham's four-month-old rapid grocery delivery startup, has raised a $75 million Series A led by Tiger Global, with Airtree, Skip and Grok also investing; it had earlier raised A$11 million in mid-2021.

Also Startup Daily·Startup Daily

6 deals

Quiet achievers and COVID successes: SmartCompany's 10 startups to watch in 2022

SmartCompany's year-end list profiles ten Australian startups poised for a big 2022, recalling their 2021 raises, crowdfunding campaigns, government grants and accelerator origins, from mtime and Quantum Brilliance to Zoomo and Superhero.

Also Startup Daily·Startup Daily

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