Ledger. Australian venture funding, tracked

Venture capital fund · 20 deals

Tiger Global

New York, OS

Coverage

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

3 deals

Sierra Raises $950M at $15B, Locking 40% of the Fortune 50 Into Its Agent Platform Before the Labs Go Direct

Analysis of Sierra's $950 million raise at a $15 billion valuation with Tiger Global and GV at the lead, weighing its revenue multiple, Fortune 50 customer lock-in, and competition from OpenAI and Anthropic's ventures.

Series D+ $950m

Bret Taylor's Sierra raises nearly $1 billion months after last capital push

Sierra, the enterprise AI agent firm started by Bret Taylor and Clay Bavor, has banked a $950 million Series E with Tiger Global and Google Ventures at the helm, plus Benchmark, Sequoia and Greenoaks.

Also TechCrunch Australia·aivy.com.au·cmswire.com·theaiworld.org·faq.com.tw·groundy.com

Unnamed stage $80m

Catch: A business timeline, in their words

Retrospective timeline of Catch's journey from its 2006 launch through Tiger Global's investment, the Menulog and Luxury Escapes deals and Wesfarmers' $230 million acquisition, to Wesfarmers' announced wind-down.

Also Startup Daily

Unnamed stage $30m

The one that got away: After paying $230 million for Catch, Wesfarmers is shutting it down

Wesfarmers is closing Catch, the online retailer it bought for $230 million in 2019, citing local ecommerce competition; the story also recalls Catch's venture backers and Little Birdie's $30m stake, pause and rescue.

Also Startup Daily

7 deals

Chipper Cash Becomes A Unicorn & Mr Yum raises US$65m Series A led by Tiger Global

TEN13 newsletter reporting Chipper Cash's US$150m unicorn round, Mr Yum's Tiger Global-led Series A, and new investments in Payhippo, Preezie, Pushas and Heaps Normal, plus portfolio updates.

Also Skalata Ventures·Skalata Ventures·Archangel Ventures portfolio·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Women's Agenda·Beef Central / Grain Central·Forbes Australia·SmartCompany·LaunchVic

8 deals

DOG'S BREAKFAST: Pet Circle's $75m raise from US VC a rare highlight for Australian startups amid a 42% fall in funding for September quarter

Cut Through Ventures' quarterly analysis shows Australian startup funding down 42% year-on-year at A$739 million over 77 deals, with Pet Circle's $75 million Series D from Prysm Capital the period's largest round.

Also SmartCompany·RenewEconomy·@AuManufacturing

4 deals

Online health brands startup Eucalyptus picks the online meat off the bones of Jenny Craig collapse

Eucalyptus buys Jenny Craig's online assets out of administration while stores shut; the health startup's recent raise and earlier rounds are recapped, alongside other distressed-brand acquisitions.

4 deals

The Ignition Lane Wrap: Life in the fast lane. And calling road service

Ignition Lane's weekly wrap: Tiger Global's losses and past Australian bets, MilkRun and TradeSquare closures, Cyara's Spearline acquisition, a Co Ventures pre-seed fund, Square Peg's partner promotion and LaunchVic's 30×30 picks.

4 deals

Sydney gourmet food marketplace ChefPrep is in administration, 7 months after rebranding as CoLab after acquiring its Melbourne rival

Gourmet food marketplace ChefPrep, rebranded CoLab after buying its Melbourne rival, has entered voluntary administration with EY appointed, despite earlier angel and seed raises, as creditors meet and a sale process begins.

3 deals

Ignition Lane's Great Big Annual Wrap

Ignition Lane's year-end review of 2022 tech news: shifting VC sentiment, record Australian fund raises, grocery delivery failures and shutdowns, local M&A, crypto fallout, awards, and global stories from Twitter to ChatGPT.

Also AgFunderNews

5 deals

Square Peg buys into Rokt again on $750 million valuation jump as IPO looms

Square Peg and Wellington Management bought more shares of Rokt from employees and investors in a secondary sale, lifting its valuation, while its earlier funding rounds are recapped ahead of a planned IPO.

Also Forbes Australia

Seed $3.2m

An esports metaverse startup cofounded by cricketer Kumar Sangakkara just raised $3.2 million in Seed funding

Sydney esports startup Behaviol, co-founded by cricketer Kumar Sangakkara, has raised seed capital to grow its metaverse cricket game, led by a Singapore investment firm with several individual sports and web3 backers joining.

Also SmartCompany·Techboard

17 deals

CTV Funding News - July 2022

Cut Through Venture's August update rounds up July 2022 Australian startup funding, listing raises from Mx51 to WeMoney, Startmate's newest cohort of twelve, and the beta launch of its investor search tool.

Also Techboard

7 deals

Ignition Lane's Weekly Wrap: Venture capital is down, but a long way from out

Ignition Lane's weekly wrap reports falling Australian venture funding, lists several startup raises and fund raises, covers Chargefox's acquisition, Volt's closure, the Zip-Sezzle merger termination, and global tech news.

Also Startup Daily·Techboard

8 deals

HIVERY, mx51, Refundid, and more: Local startups raise over $100 million in recent weeks despite market fearmongering

A roundup of Australian startups that raised funds in recent weeks: mx51, Refundid, Storipress, HIVERY, InternMatch, upcover, Pearler and Loopit together secured over $100 million despite a cooling venture market.

Also Cut Through Venture

Series B $30m

Hivery bags new money to automatically optimize product placement on store shelves

Retail shelf-optimisation software maker Hivery has secured a $30 million Series B led by Tiger Global, with Blackbird Ventures, AS1 Growth Partners and OneVentures joining, to grow its assortment-planning products.

Also SmartCompany·Startup Daily·Cut Through Venture·SmartCompany

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.

Also Startup Daily·Startup Daily·SmartCompany

28 deals

FUNDED APRIL 2022

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.

2 deals

Go1 nabs $100M at a $2B+ valuation to upgrade its curated enterprise learning platform

Also TechCrunch Australia·Crunchbase News·Tech Funding News - Australia·Startup Daily·edtechchronicle.com·TechCrunch Australia·go1.com·Crunchbase News

5 deals

Ignition Lane's Wrap: the state of Cloud, VC advice, Tiger stripes, cattle class crypto, M&A fires up

Weekly tech wrap: cloud-market trends, Tiger Global's cheques into Stake, Shippit and Carma, new VC funds, several acquisitions, grocery delivery startups Send and Quicko collapsing, and Elaine Stead joining M8 Ventures.

Also Startup Daily

2 deals

Tiger Global doubles down on used car startup Carma’s $75 million Series A

Carma raised a Series A backed by General Catalyst, Tiger Global and others, following its 2021 seed round, to fund expansion, inventory growth and new reconditioning facilities.

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily

5 deals

Funding roundup May 1 - May 5: $65m for Shippit in B2 raise

A weekly roundup reporting Shippit's $65 million Series B2, several startup raises, Chrysos Corp's ASX listing, and Shopify's acquisition of Deliverr.

Also Startup Daily·Techboard

Funding announcement

Mr Yum completes first major acquisition, obtaining MyGuestlist to help restaurants build personalised marketing to diners

Hospitality tech firm Mr Yum has bought customer data platform MyGuestlist in a cash-and-stock deal worth tens of millions, its first acquisition, following an $89 million raise led by Tiger Global.

Also Startup Daily·SmartCompany·Startup Daily·Forbes Australia

Series A $20m

Turnbull's AI robotics bet taps investors for blockbuster raising

Advanced Navigation, with Malcolm Turnbull on its board, is seeking $80-135 million; the piece recalls its 2019 $20 million Series A and Minderoo's strategic investment.

Also @AuManufacturing·SmartCompany·SmartCompany·Forbes Australia

2 deals

Aussie-founded BNPL provider Scalapay rockets to unicorn status with $692 million raise

Wollongong-born buy-now-pay-later firm Scalapay has reached unicorn valuation after closing a large Series B jointly led by Tencent and Willoughby Capital, following its September 2021 Series A, and plans growth via acquisitions.

Also Startup Daily·SmartCompany·Startup Daily

43 deals

Ignition Lane's Weekly Wrap: The Great Reengagement, backing Web3, riding the markets & the big local raises

Ignition Lane's weekly tech roundup: AirTree raises $700m across three new funds, dozens of Australian startups announce rounds, a wave of acquisitions including Block completing its Afterpay buy, plus Web3 commentary and US market moves.

Also SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily

Something wrong? Tell us