Ellerston JAADE New Investment: Nitro
Ellerston's JAADE fund says it invested in Nitro Software alongside Potentia Capital, part of the takeover that delisted the document productivity software company from the ASX.
Startup · $10m raised
Every investor coverage indicates participated in a round Azupay Pty Ltd raised.
| Investor | Rounds | Invested |
|---|---|---|
| Ellerston Capital | Unnamed stage | $10,000,000 |
| Tattarang | Unnamed stage | - |
Companies Azupay Pty Ltd acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Jean-Marc Barthe | CEO · Founder | Startup Daily, Australian FinTech |
| John Murphy | CEO | Australian FinTech, SmartCompany, Startup Daily |
Stories naming Azupay Pty Ltd. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Ellerston's JAADE fund says it invested in Nitro Software alongside Potentia Capital, part of the takeover that delisted the document productivity software company from the ASX.
Weekly venture roundup covering Scalapay's giant series A, numerous Australian raises, acquisitions of Clipchamp, Paidy and CipherTrace, Houseparty's closure, crypto regulation developments, and Atlassian appointing a Cloudflare founder as director.
Australian payments fintech Azupay has raised A$10 million in equity from Ellerston Capital's JAADE fund to grow its customer base and product plans, building on earlier backing from Tattarang.
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Australian payments fintech Azupay has raised a $10 million equity investment from Ellerston Capital's JAADE fund, following Andrew Forrest's majority stake via Tattarang the previous year.
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Andrew Forrest's family investment firm Tattarang has taken a majority stake in payments startup Azupay and invested in GLX Digital's Series A alongside Woodside Energy and Shell Ventures, while also backing telco NodeOne.
Tattarang, the Forrest family's investment group, has taken a majority stake in Azupay, an Australian payments fintech whose instant PayID-based service is being rolled out by the NSW Government.
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