Venture capital fund · 1 deal
Capital and management support for AU/NZ businesses
Melbourne, VIC
Every published round Armitage Associates 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 |
|---|---|---|---|---|---|---|
| Tecala | Unnamed stage | 10 Nov 2022 | $18m | Participant | ARN (ARNnet) (Wed 27 Sep 2023), ARN (ARNnet) (Thu 10 Nov 2022) |
Companies Armitage Associates has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Tecala | 10 Nov 2022 | 1 | 0 |
Fund closes reported for Armitage Associates, as distinct from the investments it has made.
Companies Armitage Associates has backed that another company then bought. An exit for the holding, not a deal Armitage Associates did.
| Name | Role | Sources |
|---|---|---|
| Mark De Ambrosis | MD | Startup Daily, ARN (ARNnet) |
Stories naming Armitage Associates. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Melbourne document-analysis company Affinda has pulled in $10 million from its previous backers at double its earlier valuation, and Christine Christian has joined its board.
Also Forbes Australia
ARN reports IT services firm Tecala has bought NSW automation consultancy rapidMation for $10 million, forming a new ADA unit, after raising $18 million from Armitage Associates last November.
Sydney managed services firm Tecala has received $18 million from investment firm Armitage Associates to fund acquisitions and national expansion, with former Dimension Data chief Steve Nola appointed board chairman.
Also ARN (ARNnet)