Venture capital fund · 3 deals
The Commonwealth Bank's VC arm
Every published round x15 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 |
|---|---|---|---|---|---|---|
| OwnHome | Series A | 4 Feb 2022 | $31m | Participant | businesstories.com, Australian FinTech (6 Nov 2023), Australian FinTech (28 Sep 2023), Square Peg Capital (1 Sep 2022), Startup Daily (7 Feb 2022), Startup Daily (4 Feb 2022), Australian FinTech (4 Feb 2022), Afterwork Ventures portfolio, Square Peg Capital (2 Feb 2022), Afterwork Ventures portfolio, Square Peg Capital portfolio | |
| Payble | Unnamed stage | Nov 2021 | $700k | Participant | Startup Daily, SmartCompany | |
| OwnHome | Accelerator | 2020 | $150k | Participant | businesstories.com, Australian FinTech, Startup Daily (30 Sep 2022), Startup Daily (4 Feb 2022) |
Companies x15 Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for x15 Ventures, as distinct from the investments it has made.
Companies x15 Ventures has backed that another company then bought. An exit for the holding, not a deal x15 Ventures did.
| Name | Role | Sources |
|---|---|---|
| Toby Norton-Smith | Managing Director | businesstories.com, Australian FinTech |
| Toby Norton-Smith | MD | Startup Daily, SmartCompany |
Stories naming x15 Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Identitii has exited Payble in a $1.6 million stake sale to OIF Ventures, with proceeds going to its BNDRY compliance platform; OIF lifts its holding in the council-payments startup it backed in 2023.
OwnHome has secured a $31 million Series A, with Square Peg Capital leading and Commonwealth Bank joining, as returning backers double down on its low-deposit route into home ownership.
Podcast interview with OwnHome co-founder James Bowe covering its deposit-boost lending product, the pivot away from rent-to-buy, and its earlier seed and Series A raises.
Property management startup Different has gone into administration with KPMG after failing to raise new capital, despite backing from AirTree and CBA's venture arm; the piece also recalls the failures of Milkrun and Brosa.
OwnHome hires Janez Debevec as Head of Capital Markets to expand its debt and financial management capabilities, with co-founder James Bowe welcoming the structured finance veteran.
Rent-to-own property fintech OwnHome raised a $31 million Series A led by Square Peg, with existing backers participating, after previously winning X15's Xccelerate2020 program and $150,000 in funding.
Also businesstories.com
Weekly roundup of Australian startup raises, including Airwallex's Series E extension, Fleet Space's Series B and Montu's record crowdfunding, plus Giant Leap raising $19.5 million toward a $50 million second fund.
Also Tech Funding News - Australia·TechCrunch Australia·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Business News Australia·startupscaleup.com.au·SmartCompany