Startup · $294m raised
Sydney, NSW
Every investor coverage indicates participated in a round Deputy raised.
| Investor | Rounds | Invested |
|---|---|---|
| Square Peg Capital | Series B · Series B | - |
| OpenView | Series B · Series B · Series A | - |
| IVP | Series B | - |
| Insight Venture Partners | Series B | - |
| Express Employment Professionals | Unnamed stage | $37,000,000 |
| EVP | Series B · Series B | - |
Companies Deputy 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 |
|---|---|---|
| Alison Deans | @AuManufacturing, Startup Daily | |
| Ashik Ahmed | Founder | Startup Daily, Square Peg Capital portfolio |
| Ashik Ahmed | CEO (former) · Founder | SmartCompany (Thu 18 Sep 2025), Investible, Startup Daily, Forbes Australia, TechCrunch Australia, Square Peg Capital, Square Peg Capital portfolio, SmartCompany (Mon 25 Feb 2019), SmartCompany (Mon 17 Dec 2018), SmartCompany (Mon 3 Dec 2018) |
| Klass Raajmakers | Chief Product Officer (former) | Australian FinTech |
| Lambert Kiang | Head of Strategy | SmartCompany, Australian FinTech |
| Sean Marshall | Early Employee (former) | Startup Daily (Tue 29 Apr 2025), Startup Daily (Mon 10 Feb 2025) |
| Silvija Martincevic | CEO | Startup Daily, Forbes Australia (Thu 29 Feb 2024), Forbes Australia (Thu 4 Jan 2024), TechCrunch Australia |
| Steve Shelley | Founder | Startup Daily, Forbes Australia, Square Peg Capital |
Stories naming Deputy. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Square Peg Capital has banked about US$647 million for two fresh vehicles, its biggest fundraise yet. The piece also recalls Blackbird's billion-dollar fund and Square Peg's past stake sales and exit windfalls.
Venture firm Square Peg has confirmed two funds holding more than $1 billion between them, alongside a look back at its biggest bets, sell-downs and the acquisitions that delivered windfalls.
Also Dealroom
Weekly roundup: Echo IQ raises $110m through a placement to expand its US diagnostics business; Deputy debuts an AI product; Medical Angels brings on Michael Batko as a venture partner.
EVP says its fifth fund is live and nearing its $100 million cap, with most commitments from returning backers; the post describes its Series A business-software strategy and names portfolio companies.
Funding roundup covering five raises totalling $340.2 million: Firmus's Nvidia-backed round, plus H3D, Puralink, Escape This and Isaacus, across AI infrastructure, health tech, robotics, entertainment and legal AI.
Also SmartCompany
Sydney robotics startup Puralink has raised $2.3m in seed capital, with Peak XV leading and several local funds and angels joining, to commercialise its leak-detecting robot for pipes.
Preview of the sixteen startups in Startmate's Summer '25 Accelerator cohort pitching at Demo Day at Carriageworks, closing out Blackbird's Sunrise gathering in Sydney.
Tyson & Blake, which seeded StrongRoom AI, threatens legal action against EVP, which is suing to recover its $10.4 million after the Melbourne medtech entered administration.
Square Peg's half-year letter to investors reviews 2024: $146m invested, $220m returned via five exits, fund value up to $3.25bn, plus portfolio raises at Rokt, Constantinople, Exodigo, Cuttable and Supabase.
Square Peg's half-year investor letter reviews 2024: portfolio growth, $220m returned across five exits, a Rokt secondary at a $3.5bn valuation, and recent raises at Constantinople, Exodigo, Cuttable and Supabase.
Also Square Peg Capital portfolio·SmartCompany·Startup Daily·SmartCompany·Australian FinTech·Forbes Australia·Dealroom·Dealroom
Investible's 2024 review letter highlights its early-stage and climate-tech investing, Club Investible's tenth anniversary event with Canva and Deputy founders, and pitches from Harvest B and Syenta.
Eleven companies reached billion-dollar private valuations in March 2024, three from crypto; the roundup lists each newcomer's raise, lead backer and worth, with Sydney's Deputy the only Australian.
Also Crunchbase News
Deputy says it is now worth more than A$1.1 billion after US staffing group Express Employment Professionals put in A$37 million, making the Sydney workforce-tech firm Australia's newest unicorn.
Question-and-answer profile of Deputy's chief executive tracing her path from a Croatian childhood to Affirm's stockmarket debut and leadership of the Australian shift-work software firm.
Also valueaddvc.com
Briefs roundup: Main Sequence adds Alison Deans as venture partner; Starpharma hands the CEO role to Cheryl Maley; DroneShield lands a $2.2 million repeat order; Q-CTRL will deliver quantum training with QUIN.
Main Sequence, CSIRO's deep tech venture fund, adds Cochlear chair Alison Deans as a venture partner, extending her investment committee service since 2017; its third fund brought in $450 million in July.
Venture firm EVP has wrapped up the final close of its fourth fund at its $100m target, lifting total assets managed past $270m; recent raises by portfolio companies Hnry and Zipline are also noted.
Deputy appoints ex-Affirm commercial chief Silvija Martincevic as CEO and board director, succeeding co-founder Ashik Ahmed, as the Australian workforce platform pushes US expansion with $100 million AUD annual recurring revenue.
Square Peg's investment note explains why it backed e-scooter operator Neuron's US$18.5 million Series A with GSR Ventures, highlighting the company's city-permit strategy across Australia and New Zealand.
Square Peg's investment note explains its reasons for backing Deputy's US$81 million Series B with IVP, Openview and Equity Venture Partners, describing the workforce scheduling platform's growth, customers and team.
Singapore-based spend management startup Volopay has raised a $29 million Series A mixing equity and debt, led by Justin Mateen's JAM Fund, with several other backers joining, to fund expansion into APAC and MENA markets.
Also Australian FinTech
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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Openmarkets Group grew its pre-IPO funding to 17.8 million dollars and agreed to buy the remaining share of trading tech developer Cannon Trading, while adding several senior staff.
Square Peg's podcast special explores how founders build talent engines, featuring interviews with leaders from Deputy, Vend, Aconex, Fiverr, Zeller and others, published alongside the firm's search for a new Head of Talent.
Square Peg Capital recaps 2020: eight new investments including Zeller and HealthMatch, a US$450 million fourth fund close, follow-ons, new hires across Sydney, Singapore and Israel, and portfolio updates.
Also Square Peg Capital portfolio·Square Peg Capital portfolio·SmartCompany·Australian FinTech·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Women's Agenda·Australian FinTech·Crunchbase News·TechCrunch Venture
Payments firm GoCardless announced a Series F round of AUD$126 million led by Bain Capital Ventures, to fund its open banking strategy and expansion into e-commerce payments.
Also Australian FinTech
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.
Profile of Remote Social, a platform offering games and activities for remote teams, covering its Antler-backed founding, upcoming launch, beta customers and waitlist, plus applications opening for Antler's next cohort.
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.
Also SmartCompany
Australian payments startup Limepay has raised $6 million from private investors to help retailers run branded checkout and buy-now-pay-later, positioning itself against Afterpay and Zip.
Also SmartCompany·Australian FinTech·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Australian FinTech
David Koch and Kylie Merritt are preparing to launch ausbiz, a free live-streaming business and startup news channel, in early 2020, with a Koch-led seed raise nearing completion and partnerships including Adviser Ratings and Iress.
Neobank 86400 aims to close a large capital raise later in 2019, while the piece recaps recent funding by Australian neobank rivals Judo, Xinja and Volt plus Airwallex and Deputy.
A guide to twelve funding routes for Australian startups, covering venture capital, angels, debt, accelerators, grants, corporate venture, crowdfunding, ICOs and loans, with many past raises cited as examples.
Also Crunchbase News·Startup Daily·SmartCompany·Crunchbase News·TechCrunch Venture·TechCrunch Venture
Sydney VC firm Equity Venture Partners closed a $35 million second fund for early-stage B2B software, having already backed four startups, while Investec reached a $45 million first close on its emerging companies fund.
Techboard's quarterly report tallies funding by Australian startups and young tech firms in late 2018, led by Judo Capital's debt facility, Deputy's series B, and acquisitions of PEXA and Spookfish.
Also Startup News (WA)·Startup Daily·Startup Daily·Techboard·Startup News (WA)·Startup News (WA)·Startup News (WA)
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.
Also Startup Daily·Techboard·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Techboard·Techboard·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Australian FinTech·Forbes Australia·Crunchbase News·TechCrunch Venture·Wholesale Investor
Deputy raised a large Series B led by IVP with OpenView, Equity Venture Partners and Square Peg Capital, following its Series A; the piece profiles the company and investor rationale.
Also SmartCompany·Startup Daily·Techboard·SmartCompany·SmartCompany·Startup Daily
Shipping platform Shippit took a AU$2.2 million Series A led by Aura Group, with Addventure Fund and RTL Group participating, turning down a larger oversubscribed offer to bankroll Asia-Pacific expansion and hiring.
Also SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily