Mayday raises £3m / AU$6m Seed Round
Month-end automation firm Mayday announced a seed round of £3 million, led by 24Haymarket alongside AirTree Ventures and several angels, to fund product development, APAC hiring and its Xero partnership.
Company
Every published round Intuit 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 Intuit has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Intuit, as distinct from the investments it has made.
Companies Intuit has backed that another company then bought. An exit for the holding, not a deal Intuit did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Intuit is recorded as having been acquired. | ||||
Companies Intuit acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| TradeGecko | Acquisition | Sep 2020 | - | Aura Group portfolio (Sun 3 Jan 2021), Aura Group portfolio (Fri 25 Sep 2020) |
| Name | Role | Sources |
|---|---|---|
| Mindy Eiermann | Head of Product (former) | Startup Daily |
Stories naming Intuit. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Month-end automation firm Mayday announced a seed round of £3 million, led by 24Haymarket alongside AirTree Ventures and several angels, to fund product development, APAC hiring and its Xero partnership.
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Cloud accounting practice management firm Karbon has secured a large new investment from US firm Tidemark Capital, its second backing within a year, lifting the business's worth roughly fivefold since early 2021.
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Sydney insurtech Cover Genius raised a $100 million Series C led by Sompo Holdings to reach unicorn valuation, with G Squared participating, capping a strong month for Australian startup funding rounds.
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.
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An Envestnet | Yodlee executive argues open banking and data aggregation have helped Australian fintechs grow through the pandemic, citing sector investment figures and past raises by Finder, Judo Bank, AfterPay and Airwallex.
KPMG's annual review reports Australian fintech investment of US$1.4 billion in 2020, featuring eNett's acquisition, raises by Judo Bank and Brighte, a cryptocurrency-backed IPO, and global fintech trends.
Sydney e-commerce integration startup OneSaas, founded by Corneliu Tusnea in 2010, has been bought by Intuit Quickbooks for an undisclosed sum, supporting the new Quickbook Commerce product.
Aura Group's 2020 review recounts several exits, the Anytime Fitness Asia buyout, a new special situations fund launch, and growth in funds under management despite the pandemic.