Startup · $12k raised
Every investor coverage indicates participated in a round Adore Beauty raised.
The transaction that ended Adore Beauty's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| - | IPO | 23 Oct 2020 | $614.8m | SmartCompany (Tue 23 Mar 2021), SmartCompany (Tue 16 Feb 2021), Women's Agenda, SmartCompany (Wed 28 Oct 2020), Startup Daily, SmartCompany (Fri 23 Oct 2020) |
| Quadrant Private Equity | Acquisition | 16 Sep 2019 | - | SmartCompany, Women's Agenda |
Companies Adore Beauty acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Adore Beauty. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Insurtech Cover Genius, previously ranked first on the Smart50 list, has secured $143 million from Vista Credit Partners at a valuation above $2 billion, with funds earmarked for AI development and acquisitions.
Glow Capital Partners, co-founded by Justin Ryan and Kate Morris, is acquiring a majority holding in facilities firm Menzies — its fifth investment and first since Morris's departure; she stays on as a shareholder.
Startmate reflects on a decade of backing founders, profiling breakout alumni across its cohorts and describing how its mentors reinvest in newer startups, alongside its fund model and returns.
York Street Brands raised $2 million from iPartners and took a $4 million NAB trade facility to launch its third brand Bouf, having formed through the 2023 merger of tbh Skincare and Boost Lab.
Also SmartCompany
Sydney PE firm Quadrant's new $660m growth fund backs LegalVision for an undisclosed stake; the article also recaps Quadrant's earlier deals and exits, including Canva, Modibodi and Canberra Data Centres.
Cashrewards has bought Little Birdie, the deals startup backed by Commonwealth Bank that went quiet in May; the piece also recalls Cashrewards' 2017 Smart50 nod, 2020 ASX float, and later takeover by 1835i Ventures.
Also Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily
Bellabox, an early Australian beauty subscription service, is shutting down this month after rising costs; the piece recalls its 2013 $1.3 million raise and Allure Media's 2014 purchase of half the company.
A profile of Startmate ranking the twenty most valuable companies it has backed, noting their valuations, past raises and founders, plus Bugcrowd's newly announced purchase of Informer and its climate focus.
Sydney PE firm Quadrant bought a $500 million Canva stake from existing holders including Blackbird, at a US$25 billion valuation — the first deal for Quadrant's ninth fund.
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.
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Investment house Glow Capital, started by Kate Morris and Justin Ryan, takes an undisclosed-value 51% stake in uniform maker Cargo Crew, its first deal, backed by a $55 million fund.
Employment Hero has launched Swag, an AI-powered hiring superapp for small businesses offering job drafting, candidate matching and employee benefits, putting it in competition with its own backer SEEK.
Australian microbiome-focused haircare brand Straand has secured a $2 million pre-seed investment from Unilever Ventures to fund expansion into the US, UK, Europe and China, with advisory support from Lempriere Wells.
Digital consulting startup FORMM has raised a $600,000 pre-seed round from individual investors who also take on leadership, board and advisory roles, to help mid-sized businesses digitise.
Also SmartCompany
OIF Ventures announces it led Zitcha's $4.8 million seed round, backing the retail media buying platform started by Troy and Jack, whose customers include Adore Beauty and The Warehouse Group.
Retail adtech firm Zitcha has banked roughly $5 million in seed funding led by OIF Ventures at a $14.8 million valuation, serving retailers including Adore Beauty and The Warehouse Group.
Also OIF Ventures portfolio·Startup Daily·SmartCompany·Startup Daily·SmartCompany
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
Ignition Lane's weekly roundup: Zip's deal for Sezzle, Zeller's unicorn raise, several Australian funding rounds, Startmate backing Provvy, a space manufacturing grant, NZVC's first close, and tech's response to Russia.
Sydney legaltech company Lawpath has raised $7.5 million, led again by LegalZoom with backing from David Gonski's family office and two business chairs; the piece also recalls earlier raises in 2015, 2018 and 2019.
Also TechCrunch Venture·SmartCompany·SmartCompany·Startup Daily
SmartCompany reports Mable and SiteMinder have each landed nine-figure cheques, from General Atlantic and Fidelity International respectively, with a Right Click Capital partner tipping more big deals as the local ecosystem matures.
Also SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily
Melbourne social impact startup Who Gives A Crap has raised its first outside capital in nine years, led by Verlinvest, with Grok Ventures, other funds and several angel investors also taking part.
Also SmartCompany·Business News Australia·SmartCompany·privateequitywire.co.uk·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·onimpact.com.au
A retrospective of Afterpay's journey from its 2014 founding and only venture raise to its ASX listing, US and European expansion, and its agreed $39 billion takeover by Square, alongside partnerships and controversies.
US angel VC The Fund launches an Australia and New Zealand chapter, backed by local founder limited partners, with a four-person investment committee intending to back around 40 early-stage startups over two years.
Australian founders and operators including Kate Morris and Alex Zaccaria have launched the local arm of angel group The Fund, targeting seed and pre-seed deals, with an aim to raise about US$3.5 million.
A weekly technology roundup reporting a New Zealand booking software firm's sale, an Australian beauty retailer's acquisition, several venture raises, executive share sales at an e-commerce firm, and a new government fund committee.
A weekly roundup reporting raises by Athena, Comestri, Mass Dynamics and CircleSource, plus Malcolm Turnbull investing through Turnbull & Partners in UK cloud forensics startup Cado Security.
Australian micro-influencer marketplace Tribe has secured $5.5 million in pre-IPO funding from Saville Capital, Cyan Capital and SG Hiscock, with chief executive Anthony Svirskis weighing an IPO amid strong public-market appetite for tech stocks.
A roundup profiling ten Australian startups expected to grow in 2021, reporting raises by VAPAR, HealthMatch, Ovira, Heaps Normal, Vop and Outland Denim, plus grants, accelerator alumni and founders' plans.
Non-alcoholic beer startup Heaps Normal has raised $1.3 million from angel investors including founders of Adore Beauty, Culture Amp and Linktree, while its co-founders were completing the Startmate accelerator.
Also SmartCompany·SmartCompany
Tradie marketplace Hipages has listed on the ASX, raising just over $100 million. The article recounts its 16-year history, earlier raises, the Call of Service acquisition, and retail partnerships.
Commentary on women backing women: Adore Beauty's record ASX float, Kate Morris and George McEncroe investing in Whole Kids' crowdfunding raise, Pronto's campaign launch, and other recent female-led listings.
Organic kids' snack maker Whole Kids has exceeded its half-million-dollar Birchal equity crowdfunding target, drawing backers including several well-known founder-investors, with one campaign day remaining.
Ignition Lane's weekly roundup reports MyDeal and Adore Beauty listing on the ASX, Rokt's US$80 million Series D, several trans-Tasman raises, Quibi shutting down, Westpac trimming its Zip stake, and local executive appointments.
Also Crunchbase News·Startup Daily·Startup Daily·Startup Daily·Startup Daily·ARN (ARNnet)
The online beauty retailer founded by Kate Morris two decades ago has debuted on the ASX, with the float raising $269.5 million and founders selling down shares, alongside a look back at its growth.
Also Startup Daily·SmartCompany·SmartCompany·SmartCompany·Women's Agenda
Profile of Adelaide charity-donations startup Good Thnx after Startmate's demo day, covering its Slack integration, fast enterprise sales, mentor network, a $75,000 investment and $1 million in donations facilitated.
Vinomofo and Adore Beauty are reportedly preparing ASX listings, Vinomofo tipped at a $300 million valuation. The article recalls Vinomofo's 2017 $25 million raise and Kate Morris's earlier 60% stake sale to Quadrant Private Equity.
SmartCompany reports SEO startup Longtail UX raised $2.25 million from Woolworths' W23 and Global Retail Brands, recalling earlier raises led by Investec and backed by Andrew Bassat and Sean Larcombe amid surging e-commerce demand.
Also Startup Daily
Quad Lock agrees to sell a majority stake to Quadrant Growth Fund, whose sixth deal since closing a $400 million fund; the deal covers parent brand Annex Products.
Private equity firm Quadrant has taken majority stakes this month in three female-led companies: Love to Dream, Modibodi and Adore Beauty, after earlier in 2019 acquiring tourism operator Journey Beyond.
Also SmartCompany
Kate Morris has signed a deal selling a 60% majority stake in Adore Beauty to Quadrant Private Equity, saying the investment will help the online beauty retailer grow faster after its New Zealand launch.