Leigh Jasper leads a new $50 million fund backed by Australian unicorn founders
Glitch Capital, a new $50m vehicle led by Leigh Jasper and backed by exited unicorn founders, has completed its first deal, backing Melbourne edtech firm Cadmus.
Company · Telecommunications
Melbourne, VIC
Every investor coverage indicates participated in a round MessageMedia raised.
Investors whose own portfolio pages list MessageMedia, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Glitch Capital | its portfolio page ↗ |
The transaction that ended MessageMedia'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 |
|---|---|---|---|---|
| Sinch | Acquisition | 30 Jun 2021 | $1.7b | Aura Group portfolio, Startup Daily, SmartCompany |
| Sinch | Acquisition | 9 Jun 2021 | $1.3b | Crunchbase News, TechCrunch Australia |
Companies MessageMedia 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 |
|---|---|---|
| Grant Rule | Co-founder and Executive Director | Startup Daily (Wed 2 Feb 2022), SmartCompany (Thu 10 Jun 2021), thelawyermag.com, SmartCompany (Mon 13 May 2019), Startup Daily (Fri 10 May 2019) |
| Paul Perrett | Boss (former) | Startup Daily (Tue 10 Jun 2025), Startup Daily (Fri 11 Jun 2021), SmartCompany, TechCrunch Australia |
Stories naming MessageMedia. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Glitch Capital, a new $50m vehicle led by Leigh Jasper and backed by exited unicorn founders, has completed its first deal, backing Melbourne edtech firm Cadmus.
New Zealand sole-trader accounting platform Hnry raised $15 million led by Left Lane Capital with EVP and new backer Grant Rule, after a $4.1 million round last May, to fund Australian growth and hiring.
Commentary piece on VC exit strategies (IPO, trade sale, secondary sale) referencing recent Australian tech M&A deals and venture funding rounds including Sendle, UpGuard, Sonder and others.
Aura Group's analysis of venture capital exits, reviewing recent Australian deals such as MessageMedia's sale and several funding rounds, then explaining the three liquidity paths: IPOs, trade sales and secondary sales.
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Swedish communications firm Sinch is buying Melbourne-based MessageMedia for US$1.3 billion, in an article rounding up a surge of Australian tech acquisitions including A Cloud Guru, Big Ant, Neto and Vend.
Daily roundup reporting Sinch's $1.3 billion acquisition of MessageMedia, Northvolt's $2.75 billion raise, Scalable Capital's Series E, fund closes by SVLC and Rev1, and rounds for Stoke, Terraformation, Hawthorne Effect, Wagely and Aura.
Sinch, a Swedish communications group, has announced the $1.3 billion acquisition of Melbourne-based business messaging firm MessageMedia, weeks after rival Twilio moved to buy SMS player ZipWhip for $850 million.
Also Crunchbase News
A Melbourne legal automation company has closed a Series A round led by KPMG, with Aconex and Message Media founders also investing, while KPMG's law arm formed a strategic alliance with the startup.
Also SmartCompany·SmartCompany