Venture capital fund · 2 deals
Cottesloe, WA
Every published round Upswell Ventures 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 |
|---|---|---|---|---|---|---|
| Loopit | Seed | 27 Jun 2022 | $3.6m | Participant | SmartCompany (21 Jun 2024), Australian FinTech (15 Dec 2022), Australian FinTech (5 Aug 2022), SmartCompany (22 Jul 2022), Tidal Ventures portfolio | |
| Riparide | Unnamed stage | Nov 2021 | $4m | Participant | SmartCompany, Startup Daily |
Companies Upswell Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for Upswell Ventures, as distinct from the investments it has made.
Companies Upswell Ventures has backed that another company then bought. An exit for the holding, not a deal Upswell Ventures did.
| Name | Role | Sources |
|---|---|---|
| Craig Burton | General Partner (former) | Startup Daily, SmartCompany |
Stories naming Upswell Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Hometime, a Sydney platform managing Airbnb properties, has banked $10m from Fifth Estate Asset Management to fund acquisitions, adding two directors; earlier raises and rival takeovers are also recalled.
Weekly roundup of seven trans-Tasman raises totalling $27.4 million, headlined by Xefco's $10.5 million round, plus Hometime board appointments and Matrak's China expansion.
Also Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily
Sydney dealership group Phil Gilbert partners with subscription platform Loopit, which also recently completed a 3.6 million dollar seed round led by Tidal Ventures with Upswell Ventures and Luxem participating.
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
Weekly roundup of nine Australian startup raises, led by SimPRO's $485.6 million round, plus SimPRO's acquisitions of AroFlo and ClockShark and Open Markets Group's buyout of Cannon Trading.
Also Startup Daily·SmartCompany·Techboard·SmartCompany·SmartCompany
Melbourne accommodation booking platform Riparide raised $4 million from Macdoch Ventures and Upswell Ventures to fund its first international expansion, starting with Auckland, New Zealand.
Also SmartCompany