Thorney Investment

Micro-X secures A$8M convertible note as new CEO steers reset toward medical CT

Micro-X has lined up A$8 million through convertible notes to advance Head CT work and the Rover launch, while installing Dr Brian Gonzales as CEO in place of departing Kingsley Hall and cutting costs.

Metigy founder pleads guilty to misleading investors as ASIC case progresses

Metigy co-founder David Fairfull has admitted in court to deceiving investors and misusing his director role, after the marketing software startup's raises were built on fabricated figures before its 2022 collapse.

Metigy founder David Faithful pleads guilty to misleading investors and dishonesty over his AI adtech startup

The co-founder and ex-CEO of collapsed marketing software firm Metigy has admitted to deceiving investors and misusing his director role in a corporate regulator prosecution.

Also SmartCompany

Southern Cross chair says ‘strong support’ for Seven deal amid fallout

Southern Cross Media's chairman defends its proposed all-scrip merger with Seven West Media, saying major shareholders back it, while Sandon Capital's Radzyminski moves to block the share issue and rivals circle.

Fintech Superhero's valuation jumps nearly 20% in 3 months after $11 million raise

Share trading and super platform Superhero has raised $11 million from existing backers, lifting its post-money value to $150 million, with plans to build tools that give investment advice.

Also SmartCompany

Four Aussie startups that raised $28 million this week

Weekly roundup of four Australian startup raises: Kismet's $20m seed extension, Primary's $3.5m seed round, Willed's $3m from Seven West Media, and East Forged's $1.5m from a Vietnamese agribusiness's venture arm.

Investor Alex Waislitz comes to Dubber's rescue with $5 million loan as hunt for missing millions continues

ASX-listed Dubber takes a $5 million bridging loan from Alex Waislitz's Thorney vehicle Tiga Trading after $26.6 million went missing, while an equity raise is planned and ASIC investigates.

Also Startup Daily

The ten richest women in Australia, according to the AFR

Profiles Australia's ten wealthiest women from the AFR's new list, alongside Canva's in-progress share sale, a large gift to a global gender-fund vehicle, and one backer's earlier healthtech round.

Also quadrantpe.com.au·Forbes Australia

ASX-listed Earlypay to acquire Melbourne fintech Timelio for $3 million – a quarter of the $12.5m investors poured into it

Earlypay, an ASX-listed lender, is buying Timelio, a Melbourne invoice and trade finance provider, for $3 million — a fraction of what its shareholders previously invested.

Legal disputes startup Immediation placed in voluntary administration after raising $19 million in six years

Dispute resolution tech company Immediation entered voluntary administration, with FTI Consulting appointed and seeking recapitalisation or asset sale bids; the article recounts its funding history and leadership turmoil.

BNPL vendor Splitit moves to go private in exchange for fresh funds

Splitit announced $60 million in committed investment from Motive Partners, Thorney and Parea Capital, tied to conditions including leaving the ASX; the piece recalls the payments firm's 2019 listing.

Six Aussie startups that raised $45.1 million this week

Weekly roundup of six Australian startups raising a combined $45.1 million across energy, e-commerce, design software, cloud security, climate tech and insurtech, plus Awayco's acquisition of Barcode Solutions and nVest winning SmartCompany's Pitch.

Also SmartCompany·LaunchVic

Alex Waislitz’s Thorney Investment Group leads $11 million raise for ecommerce site

Alex Waislitz's Thorney vehicle steered an $11 million round into Awayco, which also bought Sydney point-of-sale firm Barcode Solutions; its chief Shanti Kumar now heads POSConnex, while founder Gideon Gut-Silverman keeps directing growth.

Also SmartCompany

Seven backs real estate media baron Antony Catalano in $100 million proptech play

Seven West Media's venture arm joins Antony Catalano and Alex Waislitz in backing their proptech consortium View Media Group, with cash, capital and media services pushing the package past $100 million; the piece also recalls earlier property media deals.

Founders depart fintech Timelio as it raises $7.5 million

Invoice-financing firm Timelio's founding couple have stepped down as a shareholder rights issue raised $7.5 million, with a new chief executive appointed; the piece also recalls earlier backing and a bank unit purchase.

Also Australian FinTech·Techboard·Startup Daily

Funeral disruptor defies deadly market conditions to bank $10m

Republished AFR report on funeral startup Bare banking a ten-million-dollar round from Perennial and Ord Minnett, plus rival Willed's June raise from Thorney, Ellerston and a Bell Potter investor.

Also OIF Ventures portfolio·SmartCompany·Startup Daily·Techboard·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany

Touchless tech startup Elenium Automation bags $10 million raise

Melbourne biometric access startup Elenium Automation raised A$10 million led by Thorney Investment Group with NRMA and Acorn Capital, and appointed Paula Dwyer as chair ahead of rolling out its Faceway product.

Superhero bags another $15 million as it eyes a move into crypto

Australian trading and superannuation startup Superhero has raised $15 million led by Perennial Value Management, lifting its six-month funding to $40 million, and is considering New Zealand expansion and cryptocurrency trading.

Also Startup Daily·Australian FinTech·Cut Through Venture·SmartCompany·SmartCompany·Startup Daily