11/28/2023 0 Comments Ai 100m global founders tiger stripesGameface’s software is used by sports teams to scout for talent and analyse player performance. In the bag. Slinger Bag acquired Gameface.AI for more than $32m. The Iconic’s COO acknowledged it was “one step toward addressing industry-wide sustainability challenges.” With the recent rise of global circular marketplaces like Depop, it’s a clever commercial partnership, too. The partnership will see the first major online retailer in ANZ offer customers a simple and seamless way to recycle clothes. The Iconic, recycled. Circular wardrobe startup, AirRobe, made waves this week partnering with fashion behemoth, The Iconic. Startmate alumni kick goals & other local news We’d expect much of that to be reinvested back into the ecosystem, too.Ĭompetition is certainly heating up, and that’s excellent news for startups wanting to go down the funding route. It was also revealed OneVentures realised returns of $125m, and Rampersand returned 150% from its first fund. Square Peg announced it paid out $650m to investors on the back of 10 exits, including Vend, Fiverr, UHG, Puresec and Shipping Easy. By comparison all-male founding teams raised 76.3% of total funding (by amount). New data out of TechBoard this week found that companies founded solely by women secured 12.1% of all VC deals (by number), representing just 4% of all funding (by amount) from FY18-FY21. Morris says Glow was born as a result of her own frustrating experience as a woman founder trying to raise capital. Ryan led Quadrant’s PE investment in Adore in 2019, so it’s great to see the investor-founder relationship evolve! Glow is filling a big gap in the market, backing later-stage ANZ ecommerce platforms and consumer brands with $20-50m cheques. However it is unusual and bold for the fund to publicly prowl for local investors.Īdore Beauty founder Kate Morris partnered with investor Justin Ryan to launch Glow Capital Partners after making their millions from Adore’s success. Australian investors jumping into bed with Tiger is not new. Tiger Global announced it wants Aussie investors for its new US$10bn fund. Touch invests $10m to $25m in retail, consumer, finance and data startups. Sydney-based Investible announced it is raising a $100m climate tech fund.īlack Nova came out of stealth mode, announcing plans to raise $20m for its inaugural fund, targeting founders as investors.Īfterpay-backed Touch Ventures made its ASX debut, raising $100m in its IPO. It seems a new VC fund or tech-focussed PE fund is launched every day. This month global giant KKR bought a majority of Probe CX ($1.1bn), Quadrant backed Seertech Solutions, and Five V Capital took a $80m stake in Automic Group.Īnd this is just the start of the money flow. Not only that, private equity (PE) firms are making more frequent plays to take over tech-enabled companies. Venture-backed biggies include Canva (US$200m), Airwallex (US$200m), Scalapay ($210m), Till Payments ($110m), SiteMinder ($100m), Mable ($100m), Immutable ($82m equity, plus a $17m token sale), Willow (US$43m), Prospection ($45m) and Who Gives a Crap ($41.5m). The DealMatrix and Venionaire Capital analyst teams selected 10 outstanding leaders from the international venture capital scene and researched their most notable deals, as well as their latest fund activities.Hot hot hot: Aussie’s BIGGEST money month everīy our unofficial count September smashed all records for startups raising capital in Australia.
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