Investor · 2 deals
Every published round Mirvac 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 |
|---|---|---|---|---|---|---|
| Honey Insurance | Seed | 18 Jun 2021 | $15.5m | Lead | Forbes Australia, SmartCompany (Fri 12 Apr 2024), SmartCompany (Fri 18 Jun 2021), Startup Daily, TechCrunch Australia | |
| Bricklet | Series A | 22 Feb 2021 | $3m | Participant | Startup Daily (Wed 3 Nov 2021), Cut Through Venture, Australian FinTech (Fri 5 Mar 2021), Australian FinTech (Mon 22 Feb 2021), Startup Daily (Tue 9 Feb 2021) |
Companies Mirvac has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Bricklet | 22 Feb 2021, Series A | 1 | 0 | |
| Honey Insurance | 18 Jun 2021, Seed | 1 | 1 |
Fund closes reported for Mirvac, as distinct from the investments it has made.
Companies Mirvac has backed that another company then bought. An exit for the holding, not a deal Mirvac did.
| Name | Role | Sources |
|---|---|---|
| Elana Rubin AM | Non-executive Director (former) | Australian FinTech |
| Stuart Penklis | Head of Residential | RenewEconomy |
| Kate Beech | General Manager, Asset Management | Australian FinTech |
| Kelly Miller | General Manager of Retail | Women's Agenda |
| Katherine Dziaman | Divisional CFO – Funds Management (former) | Australian FinTech |
| Geoff Levy | Director (former) | Startup Daily, Our Innovation Fund |
| Gary Flowers | COO | Startup Daily |
Stories naming Mirvac. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Lendi Group has opened a new Sydney headquarters at South Eveleigh's Locomotive Workshop, with the space designed to support its growing team, brokers and partners as the fintech expands.
Payments company Airwallex has brought in a new independent chair for its Australian board and added a former New Zealand prime minister as a director; he already leads its NZ board.
Airwallex has appointed Elana Rubin AM to chair its Australian board and former New Zealand prime minister Sir Bill English as a director there, with both roles starting immediately; their other board roles are listed.
Allume, a Melbourne company whose SolShare hardware shares rooftop solar among apartments, has raised A$10.2 million, with E.ON UK leading and contributing over A$8 million; earlier backers included Taronga, Trawalla and Mirvac.
Sonder, a workplace health and wellbeing provider, closed a 40 million dollar round with Blackbird and Seek leading, Hostplus newly investing, and funds aimed at growth across Australia, New Zealand, Britain and AI features.
Business lender Shift has named Praveenesh Pala, previously CFO at Tyro Payments, as its Chief Financial Officer with immediate effect, bringing two decades of financial services experience as the company scales.
Australian insurtech momentum examined: Honey Insurance's Series A and Cover Genius's raise led Q2 2024 funding, while an Airtree partner argues incumbents have left insurance open to technology-driven challengers.
Also SmartCompany
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.
Home insurer Honey Insurance has raised a $108 million Series A led by US firm Gallatin Point Capital, following a seed round backed by RACQ, AGL, Metricon, Mirvac and PEXA.
Superloop's board has rejected Aussie Broadband's merger proposal as too low, with Aussie already holding a 19.9% stake; the piece also recalls Superloop's VostroNet purchase and Aussie's Symbio buyout.
OIF Ventures' year in review: full Eftsure exit, Opportunity Fund close, Visory, DataMasque and Nullify backed, follow-ons at Inspace and Dataweavers, new team members and portfolio milestones.
Eaton Square says it acted for Extent Heritage, an archaeology and heritage consultancy, in the company's sale to RSK Australia, with principals Roger Collins-Woolcock and Mark Goodwin leading the mandate. No price disclosed.
OIF's blog republishes an AFR report: Inspace has banked a $6 million round backed by B Capital and OIF, plans AI features and US growth, while proptech peers :Different and Yabonza have failed.
Also Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany
Circonomy, formerly World's Biggest Garage Sale, has opened a Melbourne refurbishment hub and launched a national squad helping corporate clients divert surplus goods from landfill, with new CEO Ryan Swenson appointed from shareholder Officeworks.
Sydney proptech Yabonza has entered administration owing creditors over $2.5 million, with a sale now sought; the piece recalls its convertible note raise, a $9.5 million property fund, and its 2020 acquisition of Easyshare.
Also SmartCompany
The renewable energy agency grants a property developer money to build dozens of energy-efficient homes in Sydney, following earlier support for a similar housing project in Victoria.
Virtual inspection platform Inspace has secured A$4 million in fresh capital, with Our Innovation Fund leading the round alongside Leigh Jasper, Investible and Artesian. OIF partner Geoff Levy joins the board.
Also OIF Ventures portfolio·OIF Ventures portfolio·OIF Ventures portfolio·Startup Daily
Weekly funding wrap covering several raises including Honey Insurance's record seed round, OCR Labs' Series A, and Ena Respiratory's COVID-19 nasal spray funding, plus Investible's second fund first close.
Honey Insurance has raised $15.5 million in seed funding backed by RACQ, PEXA, Metricon and founders of Zip and Afterpay, to launch its smart-home insurance offering.
Australian home insurer Honey Insurance launched with a A$15.5 million seed round, reportedly the country's largest, led by insurers and property firms alongside several fintech executives investing personally.
Also Startup Daily·SmartCompany·SmartCompany·Forbes Australia
Fashion tech app Mys Tyler, founded by Sarah Neill, has closed a seed round above one million dollars from Mirvac Ventures, Antler Global and angel Brian Hartzer to fund product development and global growth.
Also SmartCompany·SmartCompany
Daily tech roundup: Google wins its long-running copyright case against Oracle; Facebook user data leaks online; and HR startup Enboarder banks a US$5 million series A2 round with Next Coast Ventures leading.
Sandstone Technology has named Katherine Dziaman, formerly Group CFO at Tonic Health Media, as its Chief Financial and Operating Officer, replacing Pow-Chuan Lee, who recently departed the company.
Bricklet, a fractional property investment platform, has raised a $3 million Series A from News Corp, REA Group and earlier backers at a $28 million valuation, to fund marketing.
Also Australian FinTech·Cut Through Venture·Startup Daily·Australian FinTech
Property fragmentation platform Bricklet opened its Series A round, with Mirvac and Stockland leading and over $1 million committed, after selling nearly $9 million of bricklets in its first quarter.
Bricklet sold all 259 fragments of the Roxy Muse apartment development within five weeks, and is now launching a Series A after earlier seed backing from Mirvac and Stockland.
Australia's renewable energy agency has granted money to a property developer's Melbourne housing project trialling all-electric, solar-and-battery townhouses built to demonstrate net zero energy homes at scale.
Mirvac and INCO are opening applications for The Impact Accelerator, a nine-month environmental and social change program for Australian startups, with potential seed funding from Mirvac Ventures or Artesian Venture Partners.
Property developer Mirvac will install Allume Energy's shared solar system in a Victorian apartment project and is assessing the technology for its wider portfolio, a partnership the young Melbourne start-up calls a major win.
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.
Also Archangel Ventures portfolio·Galileo Ventures portfolio·Startup Daily·SmartCompany·Techboard·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily