Ledger.

Company

Carsales

Coverage

Stories naming Carsales. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Key hire

Role call: new people at allt, SQC, RedBelly Network, Neara & Indebted

Weekly people-moves column: new executives at allt, SQC, Redbelly Network, InDebted and Neara, including Clive Dickens joining allt's board and Chris McNamara becoming InDebted's CEO.

3 deals

‘More than just a venture capital firm’: $2 billion sovereign fund Breakthrough Victoria hits back at critics who want it abolished

Breakthrough Victoria defends its spending and investment record against critics urging its abolition, pointing to portfolio companies, university partnerships and recent backing of startups including Aravax.

Series A $12.5m

Melbourne AI startup set for global expansion after $12.5 million raise

AI search startup Marqo has landed a $12.5 million Series A and is relocating its headquarters to San Francisco, while LaunchVic statistics show Victoria's ecosystem grew in value despite a funding drop.

2 deals

Fintech Driva lands $6 million raise to become famous for car financing

Driva has raised $6 million in a round led by Carthona Capital, with follow-on backers and angels joining, to double headcount, build its brand, and expand into trade-ins and vehicle listings.

Also Australian FinTech

2 deals

JET Charge raises $25m Series B, including $6m from CEFC (managed by Virescent Ventures)

An EV charging company has closed a Series B of over A$25 million led by RACV, with the CEFC's innovation fund, Claremont Capital and earlier individual backers taking part; its 2020 Series A is also recalled.

Also RenewEconomy·SmartCompany·SmartCompany·RenewEconomy

Exit / M&A

Bookwell to be acquired by global rival Fresha

Australian beauty booking marketplace Bookwell is being acquired by London-based rival Fresha, with Bookwell's high-profile investors receiving Fresha shares. The piece also recalls the founders' earlier EatNow merger and Fresha's Series C extension.

Also Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily

17 deals

Ignition Lane's Weekly Wrap: Crypto moves, the future of Facebook, VC moat gloats, Zero Co's record week

Weekly roundup reporting Australian raises including Zero Co, MOBI and CipherStash, Cashrewards' takeover agreement, Shebah's collapse, WeWork's NYSE listing, crypto regulation recommendations and SiteMinder board appointments.

Also Australian FinTech·Cut Through Venture·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany

Seed $1m

Gifting app Shouta raises $1 million seed round thanks to Aconex and Carsales co-founders

Sydney gifting app Shouta has raised a $1 million seed round from entrepreneur angels including Aconex's Rob Phillpot and Carsales' Steve Kloss, to grow its team and expand its Shouta Biz workplace offering.

Also Startup Daily

4 deals

Ignition Lane's Weekly Wrap: Airwallex's culture concerns, CSIRO's $100m plan, crypto trolls

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

7 deals

Ignition Lane’s Weekly Wrap: Zoom boom, Redbubble hits unicorn, Rocket Lab takes off

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.

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Women's Agenda

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