Cover Genius

Cut Through Quarterly 3Q 2026

Cut Through Venture's quarterly report records a record $4.2 billion raised across 78 Australian venture rounds in Q3 2026, dominated by Firmus's $2.85 billion data centre raise, with sector trends, valuations and investor sentiment.

Also Startup Daily

Former Smart50 winner Cover Genius reaches $2 billion+ valuation

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.

Cover Genius Becomes Double Unicorn With $143M Raise

Australian insurtech Cover Genius raised $143 million led by Vista Credit Partners, pushing its valuation above $2 billion, with funds earmarked for platform development, AI claims capabilities and international expansion.

Cover Genius Raises $100M From Vista Credit Partners

Vista Credit Partners is backing Cover Genius's USD 100 million raise, which puts the insurance platform's value at USD 1.9 billion; Morgan Stanley acted as placement agent.

Also SmartCompany·inspirepreneurmagazine.com·Cut Through Venture·SmartCompany·Startup Daily·Forbes Australia

Cover Genius raises $100 million

Insurance platform Cover Genius has announced a $100 million raise with Vista Credit Partners backing it, at a $1.9 billion valuation; funds will go toward AI, partnerships and acquisitions.

Stone & Chalk appoints AI leader Stela Solar as CEO, signalling new era for Australia’s largest innovation hub

Stone & Chalk named Stela Solar its new CEO, replacing Chris Kirk. Solar, formerly of Accenture and the National AI Centre, aims to enhance AI support for Australian startups.

Leigh Jasper leads a new $50 million fund backed by Australian unicorn founders

Glitch Capital, a new $50m vehicle led by Leigh Jasper and backed by exited unicorn founders, has completed its first deal, backing Melbourne edtech firm Cadmus.

King River Capital is building a $157 million sixth VC fund to back AI

King River Capital is wrapping up a A$157 million (US$100 million) fund for AI startups, with Future Super, David Gonski, Marinya Capital and the Smorgon family among its backers.

From quantum computing to quesadillas: Top 12 biggest capital raises of 2024

Year-end roundup ranking 2024's twelve largest startup raises, headed by PsiQuantum's $940 million government-backed quantum computing round, plus Guzman y Gomez's ASX listing and Betashares' Temasek investment.

New $165 million round for SafetyCulture in “tough environment” for fresh funding

SafetyCulture secured $75 million of fresh capital plus $90 million from existing shareholders selling shares, valuing the operations software company at $2.5 billion. Airtree, Blackbird, Morpheus Ventures, Hostplus and HESTA joined the round.

Also Tech Funding News - Australia·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily

Tech's 'sleeping giant': Inside the $100 billion industry ripe for disruption

Australian insurtech momentum examined: Honey Insurance's Series A and Cover Genius's raise led Q2 2024 funding, while an Airtree partner argues incumbents have left insurance open to technology-driven challengers.

Also SmartCompany

Five Aussie startups that raised $163.6 million this week

Weekly roundup covering five Australian startups' raises: an insurtech Series E, a digital ID Series A, medtech and proptech funding, and a recycling platform's equity crowdfunding campaign.

Also SmartCompany·Startup Daily

Cover Genius raises $80 million

Cover Genius has landed a Series E round of 80 million dollars, with Spark Capital leading and prior backers Dawn, King River and G Squared joining; lifetime funding now sits near 245 million.

FUNDED November 2022

Techboard's monthly roundup reports November 2022 Australian private funding of roughly $678 million across 38 deals, listing closed raises by Vow, Samsara Eco, Advanced Navigation and others, Sprint Ventures' first fund close, and rounds still open.

Also SmartCompany

Australian fintech Cover Genius acquires Booking Protect to expand reach in ticketing and live entertainment market

Insurtech Cover Genius has bought ticket-protection specialist Booking Protect, bringing its partners onto the XCover embedded insurance platform and expanding Cover Genius's ticketing and live entertainment presence.

Investment Notes: Tirtyl

AfterWork Ventures explains its pre-seed investment in Tirtyl, a zero-waste cleaning tablet startup, covering the founders' backgrounds, early traction, unit economics, and competitors including ZeroCo and Blueland.

AfterWork Turns One!

AfterWork Ventures' first-birthday post recalls its founders' angel record, a 2019 micro-fund, a ten million dollar first close five months in, and the launch of its NFT project.

Also Afterwork Ventures portfolio

Crowd-sourced funding just had an epic quarter

Equity crowdfunding platform Birchal reports a record September 2021 quarter for CSF raises, and the article rounds up September's large venture rounds including Airwallex, Canva, Cover Genius and Scalapay.

Also Wholesale Investor

Insurtech Cover Genius hits unicorn after $100 million series C raise

Sydney insurtech Cover Genius raised a $100 million Series C led by Sompo Holdings to reach unicorn valuation, with G Squared participating, capping a strong month for Australian startup funding rounds.

Also Startup Daily·SmartCompany·SmartCompany

Sydney VC King River Capital closes second $130 million fund

Sydney venture firm King River Capital has made a first close on its second fund with US$95 million committed, drawing family offices and tech executives as backers, and has invested from it in Paystand's Series C.

Australian fintech investment boomed last year

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.