Startup · $173m raised
vehicle subscription startup
Sydney, NSW
Every investor coverage indicates participated in a round Splend raised.
| Investor | Rounds | Invested |
|---|---|---|
| Clean Energy Finance Corporation | undisclosed | $20,000,000 |
| Pollen Street Capital | Venture debt | - |
Investors whose own portfolio pages list Splend, even though we haven't found any coverage of the round yet.
Companies Splend acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Splend. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Hyper's blog examines founder scrappiness through portfolio stories, recalling early raises by Nelli, GymGoer and Ambl, plus Mindbody's sale and milestones at Splend and Happly.
Virescent Ventures explains why it co-led NRN's Series A, profiling the Sydney company's no-upfront-cost solar and battery marketplace model and its two founders.
Household virtual power plant platform NRN has secured a $17 million Series A led by Investible and Virescent Ventures, plus $50 million debt from Infradebt, with Ecotone Partners newly joining via its Planet Fund.
Also Startup Daily
Climate Tech Partners has reached a $50 million first close on its debut climate tech fund, backed by Australian Ethical, the CEFC, Qantas, Airbus and Daniel Besen's family office.
Splend, which leases cars to ride-share drivers, has obtained a $300 million debt facility from Macquarie to grow its electric fleet. Chris King founded the Sydney company in 2015.
Jelix's investment note explains why its fund joined NRN's oversubscribed $4.3m raise ahead of its Series A, covering the startup's solar financing model, rapid revenue growth, and market opportunity.
Roundup covering seven Australian companies' recent raises — Splend, Rich Data Co, Slice, InvestorHub, Eyeonic, Graceview and Monty Compost Co — from fleet electrification finance to AI compliance and compost-monitoring seed rounds.
Weekly roundup of eight Australian funding rounds, led by Samsara Eco's $100m Series A extension; Diraq, 1Breadcrumb, Aquila, NRN, Klean, Bearhug and Sindy Labs also secured capital, and Klean won a Queensland grant.
Also TechCrunch Australia·SmartCompany·@AuManufacturing·Techboard·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·@AuManufacturing·@AuManufacturing·Forbes Australia·@AuManufacturing
Roundup of January 2024 funding: Futurerent, Prota Therapeutics, National Renewable Network and Getmee together secured $94.5 million across debt, equity and a government grant, with investor details for each deal.
Techboard's June 2023 roundup of Australian startup funding, led by Pet Circle's $75m Series D, lists raises by Stacked Farm, Lyka, In1Bank, Splend, ImmVirX, Midnight Health, Sicona and Nutromics, and teases its FY23 review.
A quarterly Cut Through Venture survey reports Australian startups raised $810 million across 90 deals in Q2 2023, listing the largest rounds and noting improved investor sentiment despite a sluggish first half.
Also SmartCompany
Roundup of eight Australian startups that together raised $75.6 million across two weeks, spanning health, batteries, EV fleets, edtech and equity crowdfunding campaigns.
Also The Mandarin·SmartCompany·Techboard·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Forbes Australia
NSW announced the second-round recipients of its electric fleet grant program, including Splend, IAG, Origin Energy and Sixt, and invited businesses to apply for a third round.
Techboard's monthly roundup cataloguing April 2022 Australian startup funding: megadeals, seed rounds, grants and crowdfunding, nine acquisitions, several ASX listings, and venture firms' fund news.
Vehicle subscription firm Splend, founded in Australia and now London-based, has banked $150 million in a Pollen Street Capital-led round to grow its electric fleet to 10,000 cars by 2024.