Latitude

Six ANZ startups that raised $211.1 million this week

Roundup of six Australian and New Zealand funding rounds, headlined by Heidi Health and Octopus Deploy, also covering Nexl, OpenSolar, Lucent and PAM, with past acquisitions of Stella AI, MagicBrief and Codefresh noted.

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Heidi Health's $98 million raise skyrockets its valuation to $704 million

Melbourne AI medical-notes startup Heidi Health has banked a $98 million Series B led by Point72 at a $704 million valuation, adding two senior clinical and commercial hires to its leadership.

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The Ignition Lane Wrap: Life in the fast lane. And calling road service

Ignition Lane's weekly wrap: Tiger Global's losses and past Australian bets, MilkRun and TradeSquare closures, Cyara's Spearline acquisition, a Co Ventures pre-seed fund, Square Peg's partner promotion and LaunchVic's 30×30 picks.

Funding continues to scale and grows the BDM Team

Gold Coast lender Funding.com.au, following a recent $37.5 million Series B raise, hires two business development managers, Nathan Armstrong and Jade Lee, to support broker and aggregator channels.

Our investment in Fortiro

OIF, an Australian VC, announces a $3.5 million investment leading Fortiro's seed round, profiling the document fraud-detection startup's technology, PwC-experienced founders, and customer traction.

Also OIF Ventures portfolio·SmartCompany·Startup Daily·Australian FinTech

Australian fintech investment rebounds: KPMG Pulse of Fintech

KPMG's half-yearly fintech report finds Australian fintech funding rebounded in 2021, recapping local raises, listings and acquisitions alongside record global deal figures and a bullish outlook for 2022.

Corporate M&A activity buoys Australian fintech sector: KPMG Australian Fintech Landscape 2021

KPMG's Fintech Landscape 2021 counts 718 active Australian fintechs and highlights record corporate M&A, including NAB buying 86 400, Latitude buying Symple Loans and Square's pending Afterpay takeover.

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Live entertainment startup Muso turns the dial up to 11 with $2 million seed+ round

Gig booking platform Muso has raised a $2 million seed round led by Rampersand to expand into New Zealand and the UK, after a $1.5 million raise in 2019, and has made several senior hires.

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How the Sunshine Coast became a launch pad for Open Insurance

Open Insurance raised $31 million from Movac, Latitude and existing backer AirTree Ventures to expand its Huddle brand overseas, with this promotional piece crediting its Sunshine Coast customer support team.

The startup funding round: $34 million for medtech, Birchal hits a milestone, and one Giant Leap for impact investment

Weekly roundup: Seer and Open raise Series A and B rounds, Refundid, Komodo and Earth AI secure funding, Giant Leap closes $15 million for its second fund, Task is acquired for $120 million, and Birchal celebrates its 100th campaign.

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Insurtech Open raises $31 million series B to go global

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Latitude to acquire Australian fintech company Symple for $200 million

ASX-listed lender Latitude has agreed to buy Melbourne personal-lending fintech Symple Loans for $200 million in shares and cash, pending regulatory approval, with Symple becoming Latitude's lending platform.

Also Australian FinTech·Startup Daily·Australian FinTech

Ignition Lane's Weekly Wrap: Tiger is the new Softbank, Accel's 40x, more marketplaces, Zooming into VC

Ignition Lane's weekly column rounds up Australian raises including Octopus Deploy, Neara, Mr Yum and Archistar, ThinkTilt's sale to Atlassian, Latitude's ASX listing, and US moves by Tiger Global, UiPath and Squarespace.

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