Ledger. Australian venture funding, tracked

Startup · $41.5m raised

Who Gives A Crap

Coverage

Stories naming Who Gives A Crap. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Fund close $50m

Leigh Jasper leads a new $50 million fund backed by Australian unicorn founders

Glitch Capital, a new $50m vehicle led by Leigh Jasper and backed by exited unicorn founders, has completed its first deal, backing Melbourne edtech firm Cadmus.

12 deals

Runway May 24: The 7 startups revealing venture raises this week

Weekly roundup covering seven ANZ startup raises — Bare Funerals, Humii, WeMoney, CLT Toolbox, Clean Slate Clinic, SpatialGPT and Great Wrap — plus LaunchVic's $900,000 into Paul Little's Skalata fund.

Also Startup Daily·Startup Daily

4 deals

Hawke's Brewing and Bare Funerals toast $1 million media-for-equity deals

Scaleup Mediafund's $15 million third fund has made its first two investments, backing Hawke's Brewing and Bare with roughly $1 million in advertising apiece; oOh!media joined as an investor.

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·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

Funding announcement

Mike Cannon-Brookes names former Macquarie banker Tan Kueh as Grok's CEO

Mike Cannon-Brookes' investment vehicle Grok Ventures has hired Tan Kueh, ex-Macquarie, UBS and BlackRock, as CEO, joining CIO Jeremy Kwong-Law, as it sharpens its strategy around climate investing.

Unnamed stage $5.2m

US, UK legal giants embrace Aussie automation start-up

Legal automation firm Josef banks $5.2 million in a round OIF Ventures led, with Carthona, Flying Fox, Jelix and Saniel participating, adding US and UK law firms as clients.

Also SmartCompany

11 deals

Aussie startups raised $471 million in September — the strongest funding month since March

SmartCompany summarises Cut Through Venture's report finding Australian startups closed 71 deals worth $471 million in September 2022, the strongest month since March, led by hardware, while revisiting large September 2021 raises.

Also Startup Daily·Startup Daily

2 deals

Compostable stretch wrap startup raises $11 million Series A

Victorian compostable stretch wrap maker Great Wrap has secured an $11 million Series A from impact backers plus $13 million in asset financing, supporting a new Tullamarine plant and coming overseas expansion.

Also AgFunderNews·Startup Daily·AgFunderNews

2 deals

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

Fund close $10m

AfterWork Ventures co-founders named in Forbes 30 under 30

The co-founders of Sydney venture firm AfterWork Ventures have been recognised on the Forbes Asia young leaders list, alongside other regional founders and investors; the firm earlier reached a $10 million first close on its fund.

Unnamed stage $41.5m

Who Gives A Crap brings on first investors with $41.5m raise

Toilet paper social enterprise Who Gives A Crap has taken its first outside capital, a $41.5 million round led by Verlinvest with Grok Ventures, Airtree, Giant Leap and prominent founders and athletes involved.

Also privateequitywire.co.uk·SmartCompany·SmartCompany·onimpact.com.au

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