Startup · $20.8m raised
Canberra, ACT
Every investor coverage indicates participated in a round Instaclustr raised.
| Investor | Rounds | Invested |
|---|---|---|
| Level Equity | Unnamed stage | - |
Investors whose own portfolio pages list Instaclustr, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| OIF Ventures | its portfolio page ↗ |
| Significant Capital Ventures | its portfolio page ↗ |
The transaction that ended Instaclustr's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| NetApp | Acquisition | May 2022 | $500m+ | Business News Australia, Our Innovation Fund (Mon 12 Aug 2024), Our Innovation Fund (Tue 11 Jul 2023), Techboard (Tue 18 Oct 2022), Our Innovation Fund (Tue 6 Sep 2022), Techboard (Thu 23 Jun 2022), Startup Daily (Thu 16 Jun 2022), Startup Daily (Fri 8 Apr 2022) |
Companies Instaclustr 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 |
|---|---|---|
| Peter Lilley | CEO (former) · Founder | Our Innovation Fund (Tue 11 Jul 2023), Our Innovation Fund (Tue 6 Sep 2022), Startup Daily |
Stories naming Instaclustr. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
A directory of fifteen Canberra investors backing deep tech, noting ACTivate Capital's fund first close, several government-backed company raises, an incubator's alumni, and one portfolio acquisition.
The ACT Government has launched the ACTivate Capital venture fund, with an initial $23 million close and capacity for $50 million, to back Canberra startups and commercialise local research, led by fund manager Ken Kroeger.
The ACT Government launched the ACTivate Capital Fund with $23 million committed, backed by Epicorp, UNSW Canberra and family offices, targeting Canberra early-stage companies.
Sydney Angels' third sidecar fund raised $3.5 million on VentureCrowd in a week to back early-stage startups, while the article recalls past fund wins including Clarity Pharmaceuticals, Instaclustr and Aurtra.
Melbourne developer-tools startup Factor House closed its first external round — $5 million, led by Blackbird, valuing it at $25 million — with OIF Ventures, Flying Fox Ventures, the Alice Anderson Fund and two angels joining.
Fitness membership software maker Hapana has secured a $17.3 million Series A backed by OIF Ventures and Bailador, earmarked for a second-generation platform and US and APAC growth.
OIF Ventures has gathered $55 million toward a new Opportunity Fund with a $75 million goal, backed by several tech founders, and has put $4 million into Advanced Navigation's $108 million round.
Techboard announces the 2022 Australian Angel Awards winners, honouring Tim Hirst as Angel of the Year and Brisbane Angels for its Clipchamp exit, while recalling past raises and exits including Clarity Pharmaceuticals and Instaclustr.
OIF Ventures has closed its third fund at $140m, beating its original $100m target, with founder backers including Peter Lilley and Andrew Barnes; earlier trade sales underpin its strong returns.
Also OIF Ventures portfolio·OIF Ventures portfolio·OIF Ventures portfolio·OIF Ventures portfolio·Startup Daily·Startup Daily·Techboard·Startup Daily·SmartCompany·Startup Daily·Techboard·Techboard·Australian FinTech·Business News Australia
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.
University of Melbourne launches a $15m pre-seed fund with Breakthrough Victoria and a $100m fund run by Tanarra Capital for research commercialisation; the piece also recalls ANU's Instaclustr sale to NetApp.
US software company NetApp is buying Canberra data platform Instaclustr in a deal reportedly exceeding $500 million, nine years after its founding, rewarding early backers including ANU Connect Ventures and Bailador.
OIF Ventures republishes an AFR report on NetApp buying Canberra data-technology firm Instaclustr for a reported $500 million-plus, covering founder paydays and the fund's returns, including a 20-times outcome on its early backing.
OIF Ventures reports New York's Level Equity has bought a large stake in Eftsure, letting the Australian backer sell most of its holding, with the same investor recently in simPRO's huge round.
OIF Ventures' third monthly portfolio roundup: XM Cyber's roughly billion-dollar sale to Schwarz Group, Assignar's secondary raise, new investments in Inspace, mod.io and Atelier, plus portfolio awards, customers and product launches.
Tidal Ventures has launched #ten, an expert network of tech founders and executives who put money into its seed fund and support its portfolio founders, bridging Australian and US ecosystems.
OIF Ventures' newsletter rounds up portfolio achievements: award wins and list placements for several companies, new product launches, and partnerships including Go1 with Employment Hero and Adobe, plus community masterclasses and webinars.
OIF has upsized its second fund's target to $100m from $75m, with $50m committed at an August 2020 first close and $30m more banked by February 2021; $20m deployed across twelve startups so far.
Ignition Lane's weekly technology roundup: Seequent and Neto acquisitions, imminent listings for AirTasker and MadPaws, large venture rounds at Stripe, Yotpo, PatSnap, SecurityScorecard, Appfire and OpenSea, plus new fund plans and ecosystem news.
Also SmartCompany·Startup Daily·SmartCompany·Startup Daily·Business News Australia
Australian venture firm Our Innovation Fund has secured $80 million for its new fund, exceeding its $75 million target, and hired ex-Amazon Web Services executive Paul Migliorini as a venture partner.
A Bailador partner advises Australian founders on attracting US venture capital, citing past raises by Canva, SafetyCulture, Culture Amp, SiteMinder and Instaclustr from American investors.
An Our Innovation Fund partner argues New York should be the first US expansion destination for Australian B2B SaaS founders, noting several portfolio companies recently raised from American venture firms.