Two Aussie startups that raised $26 million this week
Roundup of two Australian raises: a quantum security company's government-led $20m round and a retail analytics startup's US seed round backing its American push.
CEO · Founder, Flagship
| Role | Organisation | Sources |
|---|---|---|
| Consultant (former) | Venroy | SmartCompany |
| CEO · Founder | Flagship | SmartCompany (4 Aug 2026), Startup Daily (4 Apr 2025), SmartCompany (4 Apr 2025), SmartCompany (14 Sep 2023), Startup Daily (12 Sep 2023), Tidal Ventures, SmartCompany (25 Jul 2022) |
| Afterpay | Startup Daily, Tidal Ventures |
Stories naming Simon Molnar. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of two Australian raises: a quantum security company's government-led $20m round and a retail analytics startup's US seed round backing its American push.
Flagship, whose software helps retailers optimise in-store merchandising, has raised a $2 million seed round led by Tidal Ventures, with Afterpay cofounder Nick Molnar, brother of founder Simon, among the backers.
Tidal Ventures reflects on leading Flagship's seed round, describing retail market tailwinds, the visual merchandising product, founder Simon Molnar's background, and its earlier investments in Shippit, Search.io, Carted and Drive Yello.
Profile of Flagship, a Sydney retail-tech startup founded by Simon Molnar, brother of Afterpay's Nick Molnar, which tracks in-store shopper behaviour using battery-less tags and counts Afterpay's early investors among its backers.