Investor · 1 deal
Perth, WA
Every published round McKinsey & Company 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.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Upstreet | Seed | 22 Mar 2022 | $3m | Participant | Startup Daily (Tue 12 Sep 2023), Techboard, Australian FinTech, Startup Daily (Tue 22 Mar 2022) |
Companies McKinsey & Company has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Upstreet | 22 Mar 2022, Seed | 1 | 0 |
Fund closes reported for McKinsey & Company, as distinct from the investments it has made.
Companies McKinsey & Company has backed that another company then bought. An exit for the holding, not a deal McKinsey & Company did.
Stories naming McKinsey & Company. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly people-moves column: new executives at allt, SQC, Redbelly Network, InDebted and Neara, including Clive Dickens joining allt's board and Chris McNamara becoming InDebted's CEO.
Collections technology firm InDebted has named Chris McNamara as chief executive and Brendan Lee as chief financial officer, filling a search opened when founder Josh Foreman shifted to a founder and executive director role.
AgFunderNews roundup of agrifood funding raises, executive appointments, shutdowns and partnerships, including Ranchbot's Series B, ClimateAi and Cultimate shutting down, and Novonesis seeking sole control of MicroBioGen.
A Delta blog event recap of Gero Decker recounting building Signavio in Berlin, its 2015 financing and internal crises, and its 2021 sale to SAP for 957 million euros, with founder lessons.
Allens' Cyber Brief podcast hosts QuintessenceLabs founder and CEO Vikram Sharma discussing quantum computing threats to encryption, harvest-now-decrypt-later attacks, and the governance steps boards should take toward post-quantum readiness.
Google Cloud has committed US$750 million to a new partner fund for agentic AI resources and incentives, unveiled at Cloud Next; the piece also recalls Google's March acquisition of security firm Wiz.
Sexual wellness company Normal is seeking outside capital for the first time via equity crowdfunding platform Birchal, having funded itself since 2021; its chief executive cites investor stigma as a barrier to venture capital.
Antler in Australia has started its thirteenth residency, gathering upwards of ninety founders in Sydney, Melbourne and Brisbane to build ventures and pitch for pre-seed backing.
An interview with SAP Signavio's general manager discussing the process AI capabilities the company unveiled at SAP Sapphire, its AI strategy, and partnerships including McKinsey and SAP LeanIX.
Forbes Australia previews its Business Summit by profiling seven speakers, including the founders of RØDE, Lorna Jane, Updoc, Andromeda Robotics and Access Corporate Group, plus Oroton's CEO and an Olympic swimmer.
Weekly roundup of four Australian startup raises: Kismet's $20m seed extension, Primary's $3.5m seed round, Willed's $3m from Seven West Media, and East Forged's $1.5m from a Vietnamese agribusiness's venture arm.
Sydney cash-management startup Primary has completed a $3.5m seed round backed by Carthona Capital and five other funds, with Carthona partner Damian Fox set to join its board.
Also SmartCompany
Roundup of Australian manufacturing updates: Sparc Hydrogen's R&D tax refund, executive appointments at Lockheed Martin Australia, Wellnex Life and Raytheon, a ReNu Energy power purchase deal, and BlueScope joining a low-carbon research centre.
AuManufacturing roundup of brief industry news: Wide Open Agriculture banks a $7.5 million raise, Liontown adds a lithium offtake partner, Osteopore signs Zimmer Biomet for distribution, plus quantum, defence, rail and recycling items.
WorkRex, a Melbourne-based startup selling AI marketing tools to small firms, has banked a $220,000 pre-seed round from VC firm Skalata; the company recently came through Melbourne University's MAP accelerator.
Also SmartCompany
Square Peg's latest letter to investors reviews 2023 performance, recalls early bets on Canva and Airwallex, and introduces three hires across fundraising, public-markets investing, and people functions.
Square Peg's half-year letter to investors reviews 2023: fewer new bets, portfolio revenue milestones led by Canva, an AI investment thesis, conditions in Israel, and three new hires.
Sydney fintech Upworth has raised $1m from angels in its debut external round, launching a free dashboard that tracks savings, crypto, mortgages, super and flyer points, with refinancing tools built on open banking.
Main Sequence, CSIRO's deep tech venture fund, adds Cochlear chair Alison Deans as a venture partner, extending her investment committee service since 2017; its third fund brought in $450 million in July.
Fintech Driva launches a multi-year partnership letting carsales shoppers see personalised finance options on private vehicle listings; the article also recalls Carthona Capital's earlier backing of the startup.
InvestMETS interviews Fortescue's decarbonisation head at Austmine 2023, where he defends the miner's 2030 real-zero plan, citing fuel costs, supply risk, tightening regulation and green price premiums.
Square Peg has promoted James Tynan, a 2020 hire who previously ran Startmate, to partner; the piece also lists startups he has backed for the firm, such as Vow, Neara, Partly and Blinq.
Guest post by Anna Mackenzie explaining why she and Caitlin, through lady-brains, backed bra tech startup The OneTwo, and urging more women to become angel investors.
Lingerie startup The OneTwo has launched an online bra-fitting platform, founded by Margot Balch and Maria Golushko, backed by Antler and angel investors, aiming to solve badly fitting bras for Australian women.
Profile of lingerie startup The OneTwo, which has launched an online bra-sizing platform. Co-founders Margot Balch and Maria Golushko describe the venture, a Kickstarter sales campaign, and backing from Antler Venture Capital and angel investors.
A launch profile of custom-bra fitting startup The OneTwo, covering its fitting algorithm, sustainability angle, and social mission, and noting earlier backing from Antler and industry angels.
Proptech PropHero closed an oversubscribed A$8 million seed round co-led by Fifth Wall and Samaipata, with existing backers Jelix Ventures and AfterWork Ventures returning after its 2022 pre-seed.
Also Startup Daily·Startup Daily·Startup Daily·proptechconnect.com
Fortescue announces leadership changes: Andrew Forrest becomes Executive Chairman as Elizabeth Gaines steps down, Mark Hutchinson to lead FFI, plus new appointments including Guy Debelle as CFO and board director Li Yifei.
Roundup of Australian manufacturing items: Manildra draws on CEFC money to quit coal, Ankere Therapeutics launches with seed backing, Micro-X gear reaches Ukraine, plus a vessel naming, precinct tenders, an FFI appointment and a cable rebrand.
Driva has raised $6 million in a round led by Carthona Capital, with follow-on backers and angels joining, to double headcount, build its brand, and expand into trade-ins and vehicle listings.
Also Australian FinTech
Peak's podcast interviews Signavio co-founder Gero Decker about building the Berlin business-process software firm and its sale to technology giant SAP after twelve years.
Sydney AI personalisation startup Cherry Recommends joins Y Combinator, which invests US$125,000 in each intake company, as it targets US growth; it earlier raised $500,000 in a CP Ventures-led seed round.
PropHero has hired Ping Du from McKinsey into a new Head of Operations role, based in Sydney, working alongside co-founders Mickael Roger and Pablo Gil Brusola.
Paint-tech startup Tint raised $600,000 via an equity crowdfunding campaign on Equitise, with earlier backing from prominent angels, to expand beyond Melbourne and grow its online paint business.
AfterWork Ventures' investment note explains why it backed OfferFit, whose AI replaces A/B testing for marketers, in a May 2021 pre-Series A round, and notes Canvas Ventures led a $14m USD Series A.
Square Peg's podcast interviews Aconex co-founders Leigh Jasper and Robert Phillpot about building the construction collaboration platform, its 2014 ASX listing, and its 2018 acquisition by Oracle for A$1.6 billion.
Also SmartCompany·SmartCompany
Weekly roundup of startup funding: raises by Paytron, Kanopi, Listing Loop, Driva, Tixel, Alt Saints, Travello, Hey Bud and Volt, Tenacious Ventures closing a $35 million agritech fund, and Forter's Series F.
Australian car finance comparison platform Driva closed a A$3 million seed round led by Carthona Capital, with angels Stephen Dash and Nicolas Scudamore-Smith joining existing backers Peter and Daniel Gammell.
Also Startup Daily·SmartCompany·Startup Daily·Startup Daily·Australian FinTech
Square Peg's podcast interviews Vend founder Vaughan Fergusson and new CEO Ana Wight, covering the retail software company's culture, leadership, its almost US$60 million raised, and its US$350 million sale to Lightspeed POS in March 2021.
Also Startup Daily