Investor · 2 deals

Spring Capital

Disclosed deals

Every published round Spring Capital 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.

Company	Stage	Announced	Amount	Role	Alongside	Sources
Outstaffer	Unnamed stage	25 Oct 2023	$1.5m	Participant	Michael Locaso Utiliti Ventures 1in100 Ventures Side Stage Ventures Beachhead Mondo Ventures Alua Group John Poynton Beachhead Venture Capital	SmartCompany, Startup Daily, Beachhead Venture Capital portfolio, Beachhead Venture Capital portfolio
Aerotruth	Seed	22 Dec 2022	$1.3m	Participant	Archangel Ventures Afterwork Ventures Black Sheep Capital Change Com Cut Through Angels Unlock Capital	SmartCompany, Startup Daily

Portfolio

Companies Spring Capital has backed in a published round, and companies whose existing shares it bought off another holder.

Company	What it does	First invested	Rounds	Led
Aerotruth		22 Dec 2022, Seed	1	0
Outstaffer		25 Oct 2023	1	0

Funds

Fund closes reported for Spring Capital, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for Spring Capital yet.

Portfolio companies acquired

Companies Spring Capital has backed that another company then bought. An exit for the holding, not a deal Spring Capital did.

Company	Bought by	Kind	Announced	Price
No portfolio company of Spring Capital is recorded as having been acquired.

Coverage

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

14 deals

Ten Aussie startups that raised $39 million this week

Roundup of ten Australian startup raises totalling $38.8 million, topped by Heidi Health's Series A, also recording an Outstaffer executive appointment and the earlier sale of CarAdvice to Nine.

SmartCompany 27 Oct 2023 CarExpert CipherStash Employment Hero Factory.app Got Cakey Heidi Health LAB Group LifeBid Local Measure Orkestra Outstaffer Amazon Web Services Australia Broadband Birchal iTW Listing Loop Nine Stride Equity TechnologyOne 1in100 Ventures AirTree Ventures Alua Group Archangel Ventures Beachhead Venture Capital Blackbird Ventures Future Now Capital Global Credit Investments HESTA Hostplus Hugo-Hamman Investments Impact Ventures Management Investible Luxem Mondo Ventures Possible Ventures Rampersand Saniel Ventures Seven West Media Side Stage Ventures Skip Capital Spring Capital Stride Group Tidal Ventures Utiliti Ventures Wormhole Capital Adrian DiMarco Andrew Rogers Danin Kahn John Poynton Jonathan Barouch Laurence Escalante Michael Locaso Oliver Hartley Phil Blythe Blayz Meredith Brett Wright Dan Draper Jay Curtin Kerry Stokes Lyndon Webster Michael Lutkajtis Nick Boudrie Paul Lutkajtis Thomas Derum Dr Thomas Kelly Waleed Mussa Yu Liu

Also SmartCompany·Startup Daily

2 deals

HR and outsourcing startup Outstaffer lands $1.5 million in first raise

Outstaffer, a Victorian HR tech platform, has secured $1.5 million from outside investors in a round co-led by its chief operating officer, funding product development and a planned US expansion.

Startup Daily 25 Oct 2023 Employment Hero Outstaffer Australia Broadband iTW Listing Loop 1in100 Ventures Alua Group Beachhead Mondo Ventures Side Stage Ventures Spring Capital Utiliti Ventures John Poynton Michael Locaso Ben Grabiner Thomas Derum

Also SmartCompany

6 deals

Six startup funding deals you might have missed

A year-end roundup listing six recent startup raises, giving amounts, lead investors and co-investors for Tic:Toc, 5B, Syenta, Vively, Aerotruth and Potiki, plus each company's stated plans for the money.

Also Startup Daily·Startup Daily·Forbes Australia

Seed $1.3m

Fintech partner software startup Aerotruth lands $1.3 million in Seed funding

Partnership software maker Aerotruth has closed an oversubscribed seed round led by Archangel Ventures, with six other investors joining, to fund global growth and product development.

Startup Daily 22 Dec 2022 Aerotruth Afterwork Ventures Archangel Ventures Black Sheep Capital Change Com Cut Through Angels Spring Capital Unlock Capital Ben Armstrong Michael Liu Simon McKendry