Angel investor · CEO · Founder, Airtasker
Every published round Tim Fung 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 |
|---|---|---|---|---|---|---|
| Floatspace | Unnamed stage | 3 Dec 2021 | $600k | Participant | Startup Daily, SmartCompany | |
| Book An Artist | Unnamed stage | 10 Mar 2022 | $1m | Participant | SmartCompany, Startup Daily |
Companies Tim Fung has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Book An Artist | 10 Mar 2022 | 1 | 0 | |
| Floatspace | 3 Dec 2021 | 1 | 0 |
This is a stake in the fund itself, money that the fund's manager invests, not a stake in the fund manager.
Companies Tim Fung has backed that another company then bought. An exit for the holding, not a deal Tim Fung did.
Stories naming Tim Fung. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Startup Daily profiles Briefcase, founded by former Canva legal head Kirk Simmons, which digitises dispute handling for courts and tribunals; it is one of twelve companies in Techstars Sydney's 2025 cohort.
Airtasker closed a $10 million equity placement led by iHeartMedia alongside an expanded US media partnership, the latest of several advertising-for-equity deals with broadcasters in the US, UK and Australia.
Also Startup Daily
Airtasker has done a third £2.5 million media-for-equity raise with Channel 4’s venture arm for its UK subsidiary, with annualised marketplace volume now above $21 million.
Also Startup Daily
Wescover, an American marketplace for custom-made creations, has been bought by Melbourne-headquartered Book An Artist, which plans to merge the platforms; the piece also recalls Book An Artist's 2022 raise.
Sydney boat-rental platform Floatspace has been bought by yacht charter operator Ahoy Club, with founder Hugh Treseder staying on as CEO; the story recalls its $600,000 raise and later failed funding attempts.
Founder-backed syndicate Side Stage Ventures has become a $15 million seed fund, with LocalGlobe and several founders as limited partners, three startups already backed, and portfolio company Joyn acquiring event firm Arinex.
SmartCompany reports Side Stage Ventures has completed a $15 million first close of its debut fund, backed by founders of Airtasker, Linktree and Go1 plus LocalGlobe, targeting $30 million and already backing early startups.
Airtasker's UK subsidiary gains Channel 4's investment arm 4 Ventures as a media-for-equity backer with a $6.5 million stake, while the ASX-listed parent appointed Cass O'Connor chair, replacing James Spenceley.
Also Startup Daily
Airtasker names Cass O’Connor as its next chair while James Spenceley departs the board after eight years to devote himself to Ukrainian relief efforts.
Boat rental marketplace Floatspace has added Amaysim co-founder Rolf Hansen as an investor and board member, and is now seeking a $3 million Series A to grow in Australia and the US.
Startup Daily's weekly SUDS podcast wrap: UK laws threatening jail for tech executives, interviews with founders of SpaceDraft, Flowingly and Book An Artist, Sun Cable's solar export ambitions, and NFT tax guidance.
IAG's venture arm Firemark Ventures has committed a $75 million second fund, already deployed into Texas 3D imaging startup Plnar; earlier backing included UpGuard, Myriota, Hyper Anna, Airtasker and Life360.
Also Startup Daily
Roundup of nine startup raises totalling $70 million, including Q-CTRL's Series B, Foundry Lab's round led by Blackbird, and EnGeneIC's crowdfunded COVID-19 vaccine raise, plus a new Elenium Automation board member.
Also Startup Daily·Techboard·SmartCompany·SmartCompany·Startup Daily