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Startup · Financial services

Five V Capital

Darlinghurst, NSW

Coverage

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

Exit / M&A

Japanese giant MUFG buys HESTA’s superannuation administrator Grow Inc

MUFG's pensions arm has struck a binding agreement to acquire Grow Inc, a Sydney-founded superannuation administration startup whose shareholders — among them HESTA, Five V Capital and AirTree Ventures — must still approve the deal.

Also AFR Technology·This Week in Australian Startups

Funding announcement

Growth Capital: backing the businesses scaling Australia's net zero transition

CEFC's write-up of its Growth Capital Forum sets out its PATF investment approach and revisits its late-2025 co-investment with Five V Capital in Agile Energy, plus Australian Ethical's view on transition investing.

4 deals

Three ANZ startups that raised $81 million this week

Roundup of three trans-Tasman raises: Ordermentum landed $55m from Five V Capital, defence-tech firm Arkeus closed $25m, and music platform Lume gathered NZ$1.3m from well-known backers before its launch.

Also Startup Daily

13 deals

Six Aussie startups that raised $197.4 million this week

Roundup of six Australian funding deals: AutoGrab, Applied EV, Checkbox, Hometime, Factory and On the House, with amounts, investors, and Hometime's past acquisitions and raise history detailed.

Also Startup Daily

3 deals

Checkbox raises $35 million Series A to scale AI legal platform

Australian legaltech firm Checkbox has raised a $35 million Series A led by Touring Capital to grow its AI platform for corporate legal teams, with four institutional backers joining.

Also Startup Daily·Forbes Australia·Startup Daily

2 deals

Metigy founder pleads guilty to misleading investors as ASIC case progresses

Metigy co-founder David Fairfull has admitted in court to deceiving investors and misusing his director role, after the marketing software startup's raises were built on fabricated figures before its 2022 collapse.

2 deals

Metigy founder David Faithful pleads guilty to misleading investors and dishonesty over his AI adtech startup

The co-founder and ex-CEO of collapsed marketing software firm Metigy has admitted to deceiving investors and misusing his director role in a corporate regulator prosecution.

Also SmartCompany

4 deals

Construction site safety proptech bags rival amid $4.5 million raise

1Breadcrumb has acquired Canberra rival SignOnSite and raised a $4.5 million SAFE note from Five V Capital, Tribe Global Ventures and a US family office, creating a merged construction-safety technology provider.

Also SmartCompany

2 deals

‘Google for ESG’: Fair Supply raises $12m to date to take on the world

Fair Supply, which scores supply-chain ESG risks, announced a round of over $12 million led by Five V Capital with AirTree and QIC, funding growth in Canada and Europe.

Also app.fundz.net·Women's Agenda

Series A $6.3m

Fair Supply raises $12m+ to date to take on the world

Supply-chain ESG compliance software firm Fair Supply has a new investment round led by Five V Capital with AirTree and QIC taking part, as it prepares to expand into Canada and Europe.

Also Forbes Australia·Startup Daily·fairsupply.com

14 deals

Eight Aussie startups that raised $118.8 million this week

Weekly roundup of eight Australian funding rounds, led by Samsara Eco's $100m Series A extension; Diraq, 1Breadcrumb, Aquila, NRN, Klean, Bearhug and Sindy Labs also secured capital, and Klean won a Queensland grant.

Also TechCrunch Venture·SmartCompany·@AuManufacturing·Techboard·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·@AuManufacturing·@AuManufacturing·Forbes Australia·@AuManufacturing

Fund close $133m

Queensland gets back in the venture capital game

Queensland's government has set up a venture capital fund managed by QIC and has put in $133 million, partnering with five VC firms so local startups can draw on matched funding.

5 deals

Early VC #3 - Diraq and Marqo raised Series A. Ansarada acquired for $236.3m. New Bupa's $20m fund.

Australian startups Diraq, Marqo, and Hatch secured funding rounds. Ansarada was acquired by Datasite. Bupa launched a new venture fund, and the Queensland government backed several VCs and accelerators.

Funding announcement

Queensland government backs 5 VCs, including Antler and Main Sequence, with $130 million

Queensland's government is committing $130 million across five venture firms — Antler, Five V Capital, Main Sequence, Mandalay and Salus — via a new fund to widen early-stage funding for local startups.

Funding announcement

QLD tips $55 million into matched VC funding to grow and retain the next Sunshine State success

Queensland's government has committed another $55 million to its VC fund, lifting its total outlay to $130 million; five firms including Antler and Main Sequence are set to benefit.

Series A $5.5m

Dataweavers Secures $5.5 Million Series A Funding to Propel Operations Platform Across the Pacific

Dataweavers announced a $5.5 million Series A led by Five V Capital with QIC and existing backer OIF, funding US expansion, a near-doubling of headcount and more than 20 new Brisbane jobs.

6 deals

Six Australian startups that secured $94 million in capital this week

Roundup of six Australian startup raises totalling $94 million: Q-CTRL, Hnry, FoodByUs, F4S, STRAAND and Lenexa Medical, backed by investors including Salesforce Ventures, AirTree, Base Capital, Investible, Unilever Ventures and Stoic VC.

Also stoicam.com.au

3 deals

Workplace coaching platform Fingerprint for Success raises $6.5 million

Fingerprint for Success, an AI coaching platform, has closed a $6.5 million second seed round led by Investible, with Canva's founders investing again; its lifetime funding now totals $9.2 million.

Seed $5m

Virtual personal and professional coach creator takes funding to $9 million

Fingerprint for Success, maker of AI coach Marlee, raised $5 million in an Investible-led seed round, lifting total funding to $9 million, with participation from Five V Capital, Salesforce Ventures and several high-profile angels.

Also SmartCompany

32 deals

FUNDED July 2022 Anniversary Edition

Techboard's anniversary roundup catalogues a month of Australian startup funding: megadeals, three acquisitions, large debt deals, grants, accelerator intakes, and fund news including Archangel Ventures' committed capital.

Also Startup Daily·SmartCompany·SmartCompany·SmartCompany·Forbes Australia·Business News Australia

Series A $10m

Proptech CIM raises $10 million Series A

Proptech CIM has raised a $10 million Series A led by Five V Capital, with Carthona Capital and property executives participating, valuing it above $100 million to fund expansion into Asia and North America.

Also SmartCompany·Startup Daily·Techboard·Techboard

Series B $20m

Digital marketing startup Metigy placed in administration with the loss of 75 jobs

Adtech startup Metigy has entered administration with Cathro & Partners appointed and 75 jobs lost, 20 months after a $20 million Series B; proptech Yabonza also entered administration last week.

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

2 deals

Tiger Global doubles down on used car startup Carma’s $75 million Series A

Carma raised a Series A backed by General Catalyst, Tiger Global and others, following its 2021 seed round, to fund expansion, inventory growth and new reconditioning facilities.

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

Series A $40m

Sydney startup Cascade raises $40 million Series A to rethink business strategy

Cascade, a Sydney strategy-execution software company, has closed a $40 million Series A led by Telescope Partners with Five V and Carthona Capital, to fund product development and expansion into North America and Europe.

Also SmartCompany·Techboard

12 deals

Ignition Lane's Weekly Wrap: the rise of the technouveau riche

Weekly roundup covering Canva's huge raise and rich-list climb, a run of Australian startup funding rounds including SiteMinder and Mable, Domain's purchase of IDS, and Mailchimp's sale to Intuit.

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

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