Ledger. Australian venture funding, tracked

CEO · Founder, Volt

Steve Weston

Coverage

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

4 deals

Neobank Volt is shutting down after failing to find fresh capital

Startup Daily reports neobank Volt is winding up, returning deposits and selling its mortgage book after a failed capital raise, recapping earlier raises by Judo Bank and Alex plus past neobank failures and acquisitions.

Startup Daily 29 Jun 2022 ALEXJudoVolt86 400Australian Prudential Regulation AuthorityBendigo and Adelaide BankDouughFerociaNABSwinburne UniversityUp BankXinjaDr Dimitrios SalampasisDom PymGraham BradleySteve Weston

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4 deals

Turnbull-backed medtech startup HealthMatch makes half its staff redundant

Clinical trials matching startup HealthMatch halves its team, shedding 18 jobs, 18 months after a Square Peg-led raise. The piece also recalls funding for Volt and Milkrun and reports the closures of Volt and Send.

Startup Daily 29 Jun 2022 HealthMatchMilkrunVoltBanxaBrighteEnvatoSendUniversity of SydneyVolySquare Peg CapitalTempus PartnersTiger GlobalLucy TurnbullMalcolm TurnbullManuri GunawardenaPaul BassatSteve Weston

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Exit / M&A

Volt urges customers to empty their deposit accounts as the neobank pioneer exits the banking sector

Volt, Australia's first licensed neobank, is closing its deposit-taking business and handing back its banking licence after global capital raising failed, telling customers to move funds; the article recalls Xinja, 86 400 and Judo outcomes.

SmartCompany 29 Jun 2022 86 400Australian Prudential Regulation AuthorityJudoNABVoltXinjaSteve Weston

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