Startup · $800k raised
Perth, WA
Every investor coverage indicates participated in a round Flux raised.
| Investor | Rounds | Invested |
|---|---|---|
| Gabby Leibovich | Seed | - |
| Hezi Leibovich | Seed | - |
| Ruslan Kogan | Seed | - |
Companies Flux 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 |
|---|---|---|
| Brett Joffe | Founder | Australian FinTech, Startup Daily |
| Gustavo Hoirisch | Founder | Australian FinTech, Startup Daily |
| Justin Joffe | Founder | Australian FinTech, Startup Daily |
Stories naming Flux. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Skalata Ventures, the seed fund and founder-training program led by Paul Little and Rohan Workman, is raising a second vehicle plus growth capital, reporting 30 investments and a 44 per cent IRR.
Profile of Skalata Ventures' Rohan Workman and Maxine Lee recounting the firm's founding, pandemic-era restructuring, $7 million raise, second fund deployment, and backing of Flux, Explorate and Preezie.
Podcast episode with the two founders of IDEA, a new school for young entrepreneurs, covering their accelerator graduation, early backing from BetterLabs Ventures, and first student cohort.
Cut Through Venture's November newsletter rounds up October 2021's record deal count for Australian startups, listing raises across climate, fintech, cybersecurity and legal tech, plus Startmate Demo Day graduates and active investors.
Australian fintech Flux raised an oversubscribed A$800,000 seed round led by Ruslan Kogan and the Leibovich brothers, funding growth of its financial literacy app and the launch of its B2B product Flux At Work.
Also Cut Through Venture
Startup Daily lists the 19 Australian and New Zealand startups in Startmate's largest-ever Winter21 cohort pitching at Demo Day, including a climate stream backed by Mike Cannon-Brookes through Grok Ventures.
Perth space-sharing startup SpacetoCo has received an equity investment from RAC-backed venture fund BetterLabs Ventures, its third deal, having earlier won Shark Tank backing from Steve Baxter and completed the Plus Eight accelerator.
A Perth investor explains what his RAC-backed seed fund seeks in startups, describing its application process, deal sizes and criteria, and naming the energy blockchain company as its first investment.
RAC-backed BetterLabs is seeking WA startups for its $3 million seed fund, writing cheques of $100k to $500k per deal, and has previously invested in Power Ledger.