Reinventing homeownership with a $31m raise
OwnHome has secured a $31 million Series A, with Square Peg Capital leading and Commonwealth Bank joining, as returning backers double down on its low-deposit route into home ownership.
Venture capital fund · 16 deals
San Francisco
Every published round Global Founders Capital took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Global Founders Capital has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Cecil | Spatial datasets API for ESG and nature risk analytics | 1 Mar 2022, Pre-seed | 1 | 0 |
| ChefPrep | 28 Apr 2022, Seed | 1 | 1 | |
| CultureAmp | 4 Sep 2019, Series D+ | 2 | 0 | |
| Divipay | 17 Dec 2021, Series A | 1 | 0 | |
| Ofload | Aug 2020, Seed | 3 | 0 | |
| OwnHome | 22 Jul 2021, Seed | 2 | 0 | |
| PropHero | 18 Feb 2022, Pre-seed | 1 | 1 | |
| Shippit | 7 Dec 2020, Series B | 1 | 0 | |
| The Mintable | 8 Jun 2022, Seed | 1 | 0 | |
| Tiiik | 28 Feb 2022, Seed | 1 | 1 | |
| Upflowy | 24 Feb 2022 | 1 | 0 | |
| Voly | Dec 2020, Seed | 1 | 0 |
Fund closes reported for Global Founders Capital, as distinct from the investments it has made.
Companies Global Founders Capital has backed that another company then bought. An exit for the holding, not a deal Global Founders Capital did.
Stories naming Global Founders Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
OwnHome has secured a $31 million Series A, with Square Peg Capital leading and Commonwealth Bank joining, as returning backers double down on its low-deposit route into home ownership.
Weekly roundup reporting eight Australian startups together raised $85.6 million across mining tech, cybersecurity, waste, energy storage, health and micromobility, plus a Google.org grant for Global Sisters.
Our Cow, a NSW meat subscription business, bought the brand, app and customer database of collapsed grocery delivery startup Voly; the article also recalls Voly's seed raise and Our Cow's crowdfunding round.
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Australian road-freight platform Ofload has raised $60 million in Series B debt and equity, led by Jungle Ventures, following its September purchase of Melbourne-based freight business CIA Logistics.
Also SmartCompany·Startup Daily·SmartCompany·@AuManufacturing·SmartCompany·Techboard·SmartCompany·SmartCompany·Startup Daily
VOLY, an instant grocery delivery startup, has halted orders and removed its social media accounts; unverified sources say it lacks the capital to keep operating.
A weekly roundup reporting agrifoodtech raises including Foodology, klikit, Pulp Culture, Foodini, Isthara, Soli Organic, FlyFeed and AgriWebb, plus Getir's acquisition talks for Gorillas and other sector news.
Food marketplace ChefPrep has bought Melbourne counterpart Co-Lab Pantry and renamed itself CoLab, merging ready-meal and pantry offerings nationwide; the piece also recalls the company's earlier angel and seed raises.
ChefPrep bought Co-Lab Pantry and relaunched as CoLab, a nationwide gourmet delivery venture, backed by an earlier seed round led by Artesian Ventures and Global Founders Capital.
Also Startup Daily
Techboard's monthly roundup cataloguing April 2022 Australian startup funding: megadeals, seed rounds, grants and crowdfunding, nine acquisitions, several ASX listings, and venture firms' fund news.
Manager-training platform The Mintable, founded by Lauren Humphrey and Melissa Miller, has raised a $6.8 million seed round led by Blackbird, after previously securing $1.3 million in pre-seed backing.
Also Startup Daily
Sydney meal marketplace ChefPrep has secured $3 million in seed funding led by Artesian Ventures and Global Founders Capital, following an earlier angel round, to grow its restaurant network and delivery zones.
Also Startup Daily·Techboard·SmartCompany·Startup Daily·Startup Daily
Shippit, a Sydney logistics software provider, has bought last-mile technology firm Premonition for A$20.5 million; the piece also recalls Shippit's 2020 Series B and notes another raise in progress.
Also Techboard·Startup Daily
Weekly roundup of agrifoodtech deals: numerous startup funding rounds including GrowUp Farms, PlantLab and Australia's Cecil, a secondary share sale in Hone, and Kerry Group's acquisitions of C-LEcta and Enmex.
Upflowy, an Australian no-code platform for optimising signup flows, raised $4 million led by Counterpart Ventures with returning backers, and plans to grow headcount and expand into the US.
Also Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily
Australian property investment platform PropHero has raised a $1.6 million seed round led by GFC Global Founders Capital, with AfterWork Ventures, Jelix Ventures and The Fund participating, to improve data models and expand nationally.
Also Australian FinTech·Startup Daily·Startup Daily·Startup Daily·Australian FinTech·Australian FinTech
Sydney instant grocery delivery startup Voly has raised A$18 million in a seed round led by Sequoia Capital India, with Global Founders Capital and Artesian Capital participating; both also joined its earlier $1 million pre-seed.
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Sydney spend-management startup DiviPay has secured a $20 million Series A to drive international expansion, product development and team growth, backed by Global Founders Capital, Rapyd Ventures and individual investors.
Sydney freight logistics startup Ofload raised a $20 million Series A at a $100 million valuation, with existing backers reinvesting and King River Capital, Flexport and Bay Grove joining.
Also SmartCompany·Startup Daily·Techboard·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Forbes Australia
AfterWork Ventures explains why it joined OwnHome's July pre-seed round, profiling the rent-to-buy startup's founders, its debt facility, customer traction, and the housing affordability problem it tackles.
Retrospective on Antler Australia's first two years: a $46 million first fund closed with Eduardo Saverin backing, pre-seed investments in about 50 startups, Melbourne expansion, and new programs including an Existing Business cohort.
Weekly roundup reporting Invoice2go's sale to Bill.com, raises by Go1, Employment Hero, InDebted and others, Rokt's secondary sale, Wildcard Ventures' launch, plus global deals including Zoom-Five9 and Salesforce-Slack.
AfterWork Ventures interviews OwnHome's co-founders about their friendship, earlier careers and choice to build a startup helping first-home buyers, which recently raised $3.6 million in a pre-seed round with Global Founders Capital and Entrée Capital.
Also Afterwork Ventures portfolio·Australian FinTech·Startup Daily·Australian FinTech
Sydney freight-tech startup Loadsmile, now Ofload, closed a $2.8 million seed round led by Maersk Growth, with Global Founders Capital and Flash Ventures, to expand Australian operations and its carrier platform.
Also Startup Daily·Startup Daily·Startup Daily·Forbes Australia
Daily venture roundup led by Culture Amp's Series E, plus three venture funds closing, four acquisitions including Vertex's $950m Semma deal, IPO preparations, and a managing director hire at Sands Capital.
Also TechCrunch Venture·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·TechCrunch Venture·Startup Daily
Melbourne employee-survey company Culture Amp has closed an $82 million Series E led by Sequoia Capital China, doubling its total funding, a year after a $40 million Series D.