King River Capital

Skalata named Australia's most active investor for H1 2024

Australian startup capital climbed 30% in early 2024 even as deal counts fell; Skalata Ventures topped investor activity with 13 participations, ahead of Blackbird and Investible.

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Sendle to close after parent company directors vote on shutdown

Directors at Sendle's parent FAST Group voted to shut the delivery business after it could not raise the money needed to survive; Federation had propped it up while rivals Aramex and Interparcel courted customers.

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Sendle suddenly shutters deliveries amid financial concerns after merger investor freezes funding

Alternative parcel delivery firm Sendle stopped taking bookings five months after merging into US parent Fast Group, whose financial troubles led investor Federation Asset Management to suspend fund withdrawals and inject emergency capital.

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Cheque-in: 19 ANZ startups that raised $69 million this week

Weekly roundup covering 19 Australian and New Zealand raises, headlined by Andromeda Robotics' $23m Series A, plus Freckle, Marloo, X-Hemp, Harvest B, Wable, Starboard and Techstars Sydney's 12-startup cohort.

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19 ANZ startups that raised $66.7 million this week

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Crypto fintech Block Earner lands $8 million Series A

Crypto lender Block Earner, fighting ASIC in court, has closed an $8 million Series A at a $75 million valuation, led by CMCC Global's Titan Fund with King River Capital taking part.

Block Earner raises $8 million for Bitcoin-backed home loan deposits

Block Earner raised $8 million in a Series A led by CMCC Global's Titan Fund with King River Capital, to grow its Bitcoin-backed home loan deposit product after beating ASIC in court.

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Meet the Aussies on the 2025 Forbes 30 Under 30 Asia list

Relevance AI raises $24M to help businesses build AI agents

AI agent platform Relevance AI has closed a Bessemer-led Series B with its earlier backers reinvesting, and is rolling out new agent-building tools while expanding its American go-to-market presence.

Also Forbes Australia·Startup Daily

King River Capital is building a $157 million sixth VC fund to back AI

King River Capital is wrapping up a A$157 million (US$100 million) fund for AI startups, with Future Super, David Gonski, Marinya Capital and the Smorgon family among its backers.

From quantum computing to quesadillas: Top 12 biggest capital raises of 2024

Year-end roundup ranking 2024's twelve largest startup raises, headed by PsiQuantum's $940 million government-backed quantum computing round, plus Guzman y Gomez's ASX listing and Betashares' Temasek investment.

Eight Aussie startups that raised $80 million this week

Weekly funding roundup covering eight local companies that together banked $80m, topped by twin $17m Series Bs at Safewill and Fresho, plus Celosia's $16.75m Series A and five smaller rounds.

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Road freight management startup confirms $31 million raise

Ofload, a Sydney freight software company, has confirmed a $31 million round at a $350 million valuation, half a year after the raise first surfaced; it earlier bought CIA Logistics.

Logistics startup Ofload raises $31 million to deliver carbon emissions tracking platform

Sydney logistics platform Ofload has confirmed a $31 million raise, with Yarra Capital Management leading, to fund its newly launched emissions tracking tool, valuing the firm at $350 million.

Also Forbes Australia

Five Aussie startups that raised $163.6 million this week

Weekly roundup covering five Australian startups' raises: an insurtech Series E, a digital ID Series A, medtech and proptech funding, and a recycling platform's equity crowdfunding campaign.

Also SmartCompany·Startup Daily

Cover Genius raises $80 million

Cover Genius has landed a Series E round of 80 million dollars, with Spark Capital leading and prior backers Dawn, King River and G Squared joining; lifetime funding now sits near 245 million.

Five ANZ startups that raised $79 million in the past two weeks

Roundup of five raises across Australia and New Zealand: Constantinople's $50m Series A, Illuvium's US$12m, Forever Network's $6m, Starboard's NZ$5m seed and Medibis's $736,000 crowdfunding.

Blockchain gaming studio Illuvium raises $12M to expand Ethereum gaming universe with NFT interoperability

Sydney web3 game studio Illuvium raised a $12 million Series A led by King River Capital to build interconnected blockchain titles, lifting total funding to $60 million ahead of upcoming game releases.

Also SmartCompany

Verisoul raises $3.25M to help businesses conquer fake users

The fake-account detection startup announces its $3.25M seed round led by BITKRAFT Ventures with King River, Third Prime, HashKey and an angel participating, naming growth plans.

Australian cyber security start-up bags US$24 million

Dark web monitoring company Cyble closed a Series B backed by Blackbird, King River and others, with the article recalling its earlier seed and Series A raises.

Harnessing the power of your mind

Profile of Mindset Health's founder brothers and their hypnotherapy apps, covering a fresh $18m Series A and earlier backing from Startmate and James Beshara.

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Rovers, hypnotherapy and pocket farms: Five Aussie startups that scored $20 million this week

A weekly funding roundup covering Mindset Health's Series A, grants for two lunar rover consortiums, Pivot's raise, and Invest Inya Farmer's seed round.

Health regtech startup Zipline banks $10 million for US push

Compliance software firm Zipline.io has secured A$10 million, led by existing backer EVP, to grow in the US, with SecondQuarter Ventures giving staff and early investors liquidity; a prior A$6 million Series A2 closed in November 2021.

Christmas comes early for 14 Aussie startups that raised $260 million this week

Weekly roundup covering 14 startup raises totalling over $260 million, headlined by Synchron's $110 million round, plus Roller's shareholder liquidity payout, Partly's record New Zealand Series A, and several government grants.

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$60 million Series B funding shifts Ofload into the next gear

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.

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Immutable launches $500M fund to boost web3 gaming adoption

Australian web3 gaming firm Immutable launched a $500 million fund backing web3 games and NFT companies, collaborating with investors including Animoca Brands and BITKRAFT, after a March Series C led by Temasek.

Also TechCrunch Venture

Heavy hitting global VCs Temasek and Tencent back NFT gaming startup Immutable in $280 million Series C

Sydney NFT gaming firm Immutable raised a $280 million Series C valuing it at $3.5 billion, led by Temasek with Tencent and Animoca Brands, six months after an $82 million raise.

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Ignition Lane's Weekly Wrap: Tech's climate fight, another big raise week, valuations set to fall?

Ignition Lane's weekly technology roundup: climate-tech funding activity, Grok's bid for AGL, King River Capital's digital asset fund, a batch of Australian startup raises, Maropost acquisitions, GigSuper's collapse and a National AI Centre appointment.

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Startup bags $2.6 million in pre-seed funding for ‘green’ Bitcoin mining

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King River Capital launches Digital Asset Fund with early-stage investor commitments of $50million

Australian venture firm King River Capital has launched a digital asset fund holding over $50 million in commitments toward a $150 million target, and hired David Adams as partner to manage it.

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Freight logistics startup Ofload raises $20 million Series A

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.

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Health and aged care regtech startup Zipline banks $6 million in series A2

Compliance software maker Zipline has secured a six million dollar Series A2 led by EVP with King River Capital involved, to fund hiring, hospital expansion and a US push; its purchase of 6Q.io is also noted.

Also Startup News (WA)·SmartCompany

Brisbane music tech startup Splash, which created a smash hit game in Roblox, scores backing from Amazon's Alexa fund in $27 million series A

Brisbane music-tech startup Splash raised a $27 million Series A co-led by Amazon's Alexa Fund and BITKRAFT Ventures, with King River Capital and Khosla Ventures participating, to expand its Roblox music game.

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.

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Gaming startup Immutable scores $82 million for NFT trading tech

Blockchain gaming company Immutable has raised an $82 million Series B led by BITKRAFT Ventures to grow its NFT trading platform and games, with King River, AirTree and several other investors taking part.

Also Startup Daily

Startup Daily TV: Meet Immutable, the gaming startup making NFTs easier to trade

Sydney gaming startup Immutable raised $82 million in Series B funding co-led by BITKRAFT Ventures and King River Capital to expand its NFT trading platform; co-founder Robbie Ferguson interviewed on the show.

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Sydney VC King River Capital closes second $130 million fund

Sydney venture firm King River Capital has made a first close on its second fund with US$95 million committed, drawing family offices and tech executives as backers, and has invested from it in Paystand's Series C.

Your (just a little bit more than) 90-second guide to the day in tech

Roundup: Split Payments promotes a new C-suite; Hubilo raises a US$23.5m Series A; Next.e.GO banks €30m; Lexer lands a $33.5m Series B; Zip posts a heavy loss; Kogan.com adds two directors.

Relevance AI Raises A$37m to Build the AI Workforce of The Future

Galileo Ventures reflects on backing Relevance AI from its VectorAI origins, recalling its seed and Series A rounds and celebrating the company's newly announced Series B.

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