Upcover

2025 state of raising: $1.8 billion in – as late-stage deals boom

Tracxn figures show Australian tech funding reached $1.8 billion by mid-2025, powered by large late-stage rounds at Protecht, Airwallex, Harrison AI and Advancell, while seed and early-stage raising fell away sharply.

Upcover and Lawpath team up to streamline small business legals and insurance

Insurtech Upcover and legal platform Lawpath are launching a bundled insurance and legal documents offering for small firms; the piece recalls Upcover's $11m Series A and Lawpath's $10m backing from Westpac.

Commercial insurance broking startup lands UpCover $11 million Series A

Insurance broking platform UpCover secured a $19 million Series A — $11 million equity led by RealVC plus $8 million debt from Marshall Investments — with Antler Elevate, Betterlabs, Gandel Invest and individual investors taking part.

Also Australian FinTech·Australian FinTech

Queensland government backs 5 VCs, including Antler and Main Sequence, with $130 million

Queensland's government is committing $130 million across five venture firms — Antler, Five V Capital, Main Sequence, Mandalay and Salus — via a new fund to widen early-stage funding for local startups.

VC player Antler reportedly gauging interest in new multimillion-dollar fund targeting earliest-stage startups

Antler is reportedly sounding out investors about a $60 million fund for very early Australian startups, while its first Australian fund has nearly fully deployed and applications remain open for its pre-launch program.

upcover launches pay-by-the-month insurance options for SMEs and sole traders

Insurtech upcover has rolled out a monthly payment option for business insurance, built in-house, following its recent seed round which included debt financing provided by Etika.

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

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

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

Business insurance startup Upcover raises $2.7 million Seed round

Insurance platform Upcover has secured a $2.7 million seed round plus $2 million in debt from Antler Australia, Betterlabs and insurance executives, to fund product development and customer acquisition for its embedded SMB insurance API.

Also SmartCompany

BetterLabs Venture Fund portfolio increases to 22 startups after new investments

RAC's Perth-based BetterLabs Venture Fund has deployed more than $2.5 million across eight Australian startups in six months, including seed funding for Snackr, taking its portfolio to 22 investments and over $12 million.

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