Startup · $248m raised
Sydney, NSW
Every investor coverage indicates participated in a round Athena raised.
| Investor | Rounds | Invested |
|---|---|---|
| Sunsuper | Series D+ | - |
| SquarePeg | Series D+ | - |
| Square Peg Capital | Series B · Series D+ · undisclosed · Series C · Series A | - |
| Salesforce Ventures | Series D+ · undisclosed · Series C | - |
| RiceWarner | Series A | - |
| NAB Ventures | undisclosed · Series C | - |
| Macquarie Bank | Series D+ · Series A | - |
| Hostplus | Series B · Series D+ · undisclosed · Series C | - |
| AustralianSuper | Series D+ · undisclosed · Series C | - |
| APEX Capital | Series D+ · Series A | - |
| AirTree Ventures | Series B · Series D+ · undisclosed · Series C | - |
Companies Athena acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Athena. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Ranking of Australia’s five best-funded fintechs — Airwallex, Athena, Zeller, InDebted and Brighte — profiling each one’s total raised, most recent raise, backers, valuation and growth moves.
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.
Melbourne healthtech firm Heidi Health has pulled in A$10 million Series A capital, headed by Blackbird Ventures, to grow its AI scribe that lightens clinicians' documentation workload.
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Secondaries fund SecondQuarter has reached an $83m first close on its second vehicle, aiming past $100m, with founder-angels and Minderoo among new backers; its portfolio includes past sales of ActivePipe and A Cloud Guru.
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Square Peg's retrospective of 2019: five new portfolio companies, several large rounds it led or co-led, two acquisitions, two IPOs, new team members, and its capital deployed across new and follow-on deals.
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Square Peg podcast episode with Athena Home Loans' founders Nathan and Michael on lessons from building the mortgage challenger, their earlier ventures iSelect and NABTrade, and its record raise from local backers.
WeMoney closed a $7 million round in March 2022, led by Full Circle VC and Betterlabs with new backers, following its 2020 seed raise, to fund product development.
Also Startup News (WA)·Cut Through Venture·SmartCompany·SmartCompany·Australian FinTech
A Cloud Guru co-founder Sam Kroonenburg joins SecondQuarter Ventures as venture partner as it closes $100 million for fund two; the piece also recalls A Cloud Guru's sale to Pluralsight and Moxiwork buying ActivePipe.
Also Techboard·Startup Daily
Square Peg explains its rationale for leading Athena's Series B, joined by Hostplus and Airtree, with analysis of the Australian mortgage market, the challenger lender's model, and its founding and senior team.
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Square Peg's post explains why it led mortgage platform Athena's $70 million Series C, with Hostplus and Airtree reinvesting and Australian Super, NAB Ventures and Salesforce Ventures joining as new backers.
Tax audit insurtech AuditCover has raised a $1.7 million seed round led by Hunter Equity Group, with angels and Greenlight Re participating, and appointed Claire Wivell Plater as a director.
Also Techboard
OIF, an Australian VC, announces a $3.5 million investment leading Fortiro's seed round, profiling the document fraud-detection startup's technology, PwC-experienced founders, and customer traction.
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Square Peg Capital's year-in-review recaps its 2021 portfolio: raises it led or joined, SPAC listing decisions, Vend's acquisition, new investment-team hires, and its newsletter and podcast output.
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Gig booking platform Muso has raised a $2 million seed round led by Rampersand to expand into New Zealand and the UK, after a $1.5 million raise in 2019, and has made several senior hires.
KPMG's half-yearly fintech report records record global investment in the sector for early 2021, with Australian fintech drawing over A$1.2 billion, spanning a neobank takeover and several large raises.
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Weekly roundup covering CBA's strategic stakes in Little Birdie and Amber, several Australian funding rounds, Zip's BNPL acquisitions, Tritium's planned NASDAQ listing, Amazon's MGM purchase and other global tech news.
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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.
Ignition Lane's weekly roundup reports Tyro buying Medipass, several startup raises, ASX listings, Hey Tiger shutting down, Airwallex culture complaints, CSIRO's technology spending plan, and Musk's bitcoin antics.
Also Startup Daily
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.
Mortgage lender Athena has raised a $90 million Series D led by Square Peg Capital with earlier backers returning. The piece recalls its earlier Series A, B and C raises and lists other investors.
Also Australian FinTech·SmartCompany·Startup Daily·Australian FinTech
Weekly technology roundup covering Australia's digital economy budget, multiple startup raises including SafetyCulture's unicorn round, Data Republic's administration, TikTok's new permanent CEO, and Bill.com's purchase of Divvy.
Also Startup Daily
Secondary-focused VC SecondQuarter Ventures closed $51 million and bought stakes in ActivePipe and Propeller from a founder and Startmate, on top of earlier positions in Athena Home Loans and Equiem.
Square Peg has closed a $600 million fourth fund, capping a year in which Australian venture funds collectively gathered over $1.6 billion, with closes by Blackbird, OneVentures, Equity Venture Partners, Antler, Tidal and others.
A profile of open banking API provider TrueLayer, covering its founding, backers, Australian leadership and expansion plans, with no new funding, hires or transactions announced.
Question-and-answer profile of Driva, a Sydney car-loan platform, covering its founders, its January 2020 pre-seed raise, lending milestones and its focus on the Australian auto-finance market.
Weekly roundup column covering Zoom's record quarter, Redbubble reaching unicorn valuation, founder share sell-downs, a new secondary fund launch, and funding rounds for mental health and e-commerce startups.
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Square Peg investor Ben Hensman argues conditions favour Australian fintech founders despite COVID-19, citing the firm's seed backing of Zeller and more than $100 million invested in local fintech businesses.
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Square Peg has raised $350 million toward its fourth fund, lifting assets under management past $1 billion, with super funds among backers; co-founder Paul Bassat predicts a coming innovation boom.
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KPMG's report shows Australian fintech investment hit nearly A$3 billion in 2019, driven by CBA's PEXA acquisition and Judo's raise, with notable rounds for Athena, Grow Super and Cover Genius.
AirTree Ventures closes a $275 million third fund backed by Australian institutions and announces staff moves; the piece also recalls Canva's raise, Prospa's ASX listing and :Different's new round.
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Afterpay, Airwallex and Up Bank took major prizes at the 2019 Finnie awards in Melbourne; Airwallex's $141 million raise won biggest raise and Liberty's purchase of MoneyPlace took deal of the year.
FinTech Australia's 2019 Finnies awards recognised Airwallex with three trophies including Biggest Raise, Afterpay as FinTech Organisation of the Year, plus wins for Up, Zuper, Xinja, Athena and others.
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A year-end roundup of Australia's largest 2018 startup capital raises, covering Judo Capital, Deputy, Airwallex, Inflazome, SafetyCulture, Culture Amp, Canva, Havven, Athena, Ansarada and Data Republic, with investors and earlier rounds recalled.
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Athena, a digital home-loan platform yet to fully launch, has banked a $25 million Series B led by Square Peg, with Hostplus and Airtree in, half a year after its $15 million Series A.
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Brisbane software firm RedEye closed a Series B led by US investor Energy Innovation Capital with Queensland government backing; separately, Athena completed a Square Peg-led Series B with Airtree and Hostplus.
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Mortgage fintech Athena Home Loans closed a $25 million Series B led by Square Peg Capital, with Hostplus and AirTree joining, six months after its Series A led by Macquarie Bank and Square Peg.
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