Online retailer Koala raises $20 million for public listing
Furniture brand Koala has secured $20 million ahead of its ASX debut at a $305 million valuation, while early backers including cofounder Mitch Taylor sold down some of their stakes.
Founder, Koala · angel in 1 deal
Every published round Mitch Taylor 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 |
|---|---|---|---|---|---|---|
| Zero Co | Seed | 2 Nov 2020 | $2m | Participant | Startup Daily (Wed 20 Oct 2021), Startup Daily (Tue 19 Oct 2021), Startup Daily (Mon 18 Oct 2021), Startup Daily (Mon 2 Nov 2020) |
Companies Mitch Taylor has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Zero Co | 2 Nov 2020, Seed | 1 | 0 |
Fund closes reported for Mitch Taylor, as distinct from the investments it has made.
Companies Mitch Taylor has backed that another company then bought. An exit for the holding, not a deal Mitch Taylor did.
Stories naming Mitch Taylor. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Furniture brand Koala has secured $20 million ahead of its ASX debut at a $305 million valuation, while early backers including cofounder Mitch Taylor sold down some of their stakes.
Koala heads to the Australian bourse with a float mixing fresh equity and shareholder sell-downs, while a Test cricketer's decade-old six-figure backing of the furniture startup draws the spotlight.
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Cleaning products maker Zero Co, backed by Square Peg and crowdfunded via Birchal, is closing down solvent and will hand leftover funds to shareholders after failing to find a workable path forward.
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Maker of whisky and gin tasting boxes plans an equity crowdfunding campaign on Birchal to fund Southeast Asian expansion, having earlier taken capital from Koala's co-founders; no money has been raised yet.
Koala co-founder Dany Milham's rapid grocery delivery venture Milkrun has launched with a $75 million Tiger Global-led Series A, following an earlier $11 million seed round; Tiger also backed wholesale marketplace TradeSquare.
Zero Co's $5 million crowdfunding campaign on Birchal sold out in six hours, breaking Australia's record, after the startup revealed a $6 million Square Peg round and an earlier $2 million private raise.
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Waste-reducing household products maker Zero Co secured $6 million from Square Peg Capital, with its Birchal crowd-funding target lifted to a record $5 million before opening to the public.
Reusable household packaging startup Zero Co raised a $2 million seed round led by Kim Jackson's Skip Capital, with returning backer Rob Chapman and Koala's co-founders joining, after earlier pre-seed funding and a Kickstarter campaign.
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A look back at cricketer Steve Smith's 2016 seed backing of mattress maker Koala, whose stake has grown sharply in value as the Sydney company's sales and headcount have expanded.
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