Online retailer Koala raises $20 million for public listing
Furniture brand Koala has secured $20 million ahead of its ASX debut at a $305 million valuation, while early backers including cofounder Mitch Taylor sold down some of their stakes.
Angel investor
Every published round Steve Smith 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 |
|---|---|---|---|---|---|---|
| Koala | Seed | 2015 | $100k | Participant | Startup Daily (30 Mar 2026), Startup Daily (27 Mar 2026), Startup Daily (26 Mar 2026), Startup Daily (21 Mar 2026) |
Companies Steve Smith has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Koala | 2015, Seed | 1 | 0 |
Fund closes reported for Steve Smith, as distinct from the investments it has made.
Companies Steve Smith has backed that another company then bought. An exit for the holding, not a deal Steve Smith did.
| Role | Organisation | Sources |
|---|---|---|
| No role recorded yet. Steve Smith has been mentioned, but not yet attached to an organisation. Know their role? | ||
Stories naming Steve Smith. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Furniture brand Koala has secured $20 million ahead of its ASX debut at a $305 million valuation, while early backers including cofounder Mitch Taylor sold down some of their stakes.
Koala heads to the Australian bourse with a float mixing fresh equity and shareholder sell-downs, while a Test cricketer's decade-old six-figure backing of the furniture startup draws the spotlight.
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