NAB Ventures

Six Aussie startups that raised $197.4 million this week

Roundup of six Australian funding deals: AutoGrab, Applied EV, Checkbox, Hometime, Factory and On the House, with amounts, investors, and Hometime's past acquisitions and raise history detailed.

Also Startup Daily

Airbnb property management platform moves in on $19 million debt and equity deal

Sydney short-stay property manager Hometime has secured $19 million in fresh equity and debt, led by Verona Capital with Commonwealth Bank refinancing; the piece also recounts earlier raises and three rival acquisitions.

Also SmartCompany·Startup Daily

ASX-listed payments platform Tyro is buying NAB-backed rising star fintech Thriday

ASX-listed Tyro is acquiring AI financial-admin startup Thriday for an undisclosed sum, with the deal tipped to close in January 2026. Thriday cofounder and CEO Michael Nuciforo will move across to Tyro.

Also Australian FinTech

1835i: ANZ kills its venture arm amid major restructure

ANZ is winding up its venture arm 1835i and has shut Cashrewards after selling its Airwallex stake; the piece also recalls Airwallex's later raises and CBA's Klarna investment, stake sale and New York listing.

ANZ bank has killed off its venture arm, 1835i

ANZ is winding up 1835i, its externally managed venture arm, weeks after selling its Airwallex stake; the piece recalls Cashrewards' takeover and closure, Airwallex raises, and CBA's Klarna windfall.

Also SmartCompany·Startup Daily

Nine Aussie startups that raised $38.3 million this week

Roundup of nine local startups that together banked a combined $38m-plus this week, spanning precision instruments, proptech, adtech, robotics, food, energy storage and AI, with several earlier raises recalled.

Also Australian FinTech·Startup Daily·SmartCompany·AgFunderNews

Development planning proptech tops up runway with $5 million

Archistar, whose platform applies AI to 3D building design and planning checks, has added $5 million from NAB Ventures, Skip Capital and Prabhat Sethi, with AirTree having led earlier rounds.

Also SmartCompany

Airbnb management platform banks another $10 million for acquisition ambitions

Hometime, a Sydney platform managing Airbnb properties, has banked $10m from Fifth Estate Asset Management to fund acquisitions, adding two directors; earlier raises and rival takeovers are also recalled.

Seven ANZ startups that raised $27.4 million this week

Weekly roundup of seven trans-Tasman raises totalling $27.4 million, headlined by Xefco's $10.5 million round, plus Hometime board appointments and Matrak's China expansion.

Also Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily

Alex Bank to give Keynote at 10th Annual FinTech Summit

Alex Bank founder Simon Beitz will deliver the opening keynote at October's FinTech Summit in Sydney; the piece recaps the neobank's licence, products and growth since launch.

Crowd-sourced funding: solving the tyranny of distance to capital

Birchal's cofounder argues equity crowdfunding is closing the capital gap for founders outside the big cities, citing Western Australia's FY23 growth and two regional companies reaching the $5 million cap.

AfterWork's Jessy Wu has put together a really cool advice list on how to break into venture capital

AfterWork Ventures investment principal Jessy Wu, previously at NAB's venture arm, has compiled a resource of interviews, articles and salary guides to help outsiders prepare for careers in venture capital.

Open banking fintech Basiq sells to payments giant Cuscal

Payments company Cuscal is acquiring open banking data firm Basiq for an undisclosed price, letting backers NAB Ventures, Salesforce Ventures, Reinventure and Visa cash out.

Also Australian FinTech·Startup Daily·Startup Daily·Australian FinTech

Four Australian startups that raised $58 million this week

Weekly roundup covering four startup raises: DataMesh's bank-backed Series A, GigaComm's shareholder funding, Chronicle's presentation-tool round, and MGA Thermal's seed via Shell's accelerator.

Payments fintech DataMesh bags $30 million Series A

Sydney payments firm DataMesh Group has banked $30 million in Series A capital, with NAB Ventures at the helm and five newcomers joining; a $12 million pre-Series A from 2021 is also recalled.

Also Australian FinTech·SmartCompany

US-backed payroll software co Humanforce is the latest owner of fintech Earnd

Humanforce has bought Wagestream's Australian arm, formerly Earnd, for an undisclosed sum. The article recalls Earnd's 2019 raise, its sale to Greensill, rescue by Wagestream, an A$81m Series C, and Humanforce's earlier acquisitions.

FUNDED September 2022 Including September Q Review

Techboard's September 2022 roundup reports Australian raises led by Morse Micro's $140m Series B, several acquisitions including ResApp Health to Pfizer, fund closes by Telstra Ventures, OIF and Main Sequence, and open raises.

Also @AuManufacturing·SmartCompany·SmartCompany

Emissions startup Pathzero refills Series A, 14 months on, with another $8.6 million

Pathzero has topped up its Series A with $8.6 million led again by Carthona Capital, lifting that round to $15.6 million. The piece also recalls earlier raises and notes funding by Arvani and Greener.

FUNDED October 2022

Techboard's monthly roundup tallies October 2022 startup funding at $661m across 99 deals, listing megadeals such as Airwallex, acquisitions, Square Peg's $861m fund close and government grants to program operators.

Also @AuManufacturing

NAB Ventures backs climate tech startup Greener in $4 million Series A

Climate tech startup Greener raised a $4 million Series A led by NAB Ventures with RealVC, a year after a $1 million seed round, to help small businesses and consumers reduce and offset emissions.

Also TechCrunch Venture·SmartCompany·Techboard·Startup Daily·Startup Daily

Fintech Thriday lands $6 million pre-Series A led by NAB Ventures

SME financial admin platform Thriday has raised a $6 million pre-Series A led by NAB Ventures, with existing backer Lempriere Capital also taking part, after a $3 million crowdfunding raise in 2021.

Also SmartCompany·Startup Daily

2019 Year in Review

Square Peg's retrospective of 2019: five new portfolio companies, several large rounds it led or co-led, two acquisitions, two IPOs, new team members, and its capital deployed across new and follow-on deals.

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Spriggy raises an additional $10 million, following $35 million series B raise

Pocket money app Spriggy has raised $10 million in follow-up funding from unnamed investors, after a $35 million Series B in July 2021, and plans to grow its team to around 100.

Also Startup Daily

The FinTech Report Podcast: Episode 21: Interview with Paul Weingarth, Slyp

Podcast interview with Slyp co-founder Paul Weingarth on digitising receipts and loyalty, with all four major Australian banks having invested in the company.

Follow-on notes: Athena AU$70m Series C

Square Peg's post explains why it led mortgage platform Athena's $70 million Series C, with Hostplus and Airtree reinvesting and Australian Super, NAB Ventures and Salesforce Ventures joining as new backers.

FUNDED MARCH 2022

Techboard's March 2022 roundup of Australian funding: megadeals by Immutable, Saluda Medical, Linktree and Zeller, many smaller raises, acquisitions, an IPO, several fund closes, and companies still seeking capital.

Also SmartCompany·Australian FinTech

NAB Ventures Invests in Payment and Data Enterprise Solutions Company DataMesh Group

Payment technology firm DataMesh Group has raised $12 million in a pre-Series A round, with NAB Ventures joining as a new investor alongside continued backing from Australian merchants including Peregrine Group's chairman.

Also Startup Daily·Australian FinTech

Big banks back receipts fintech Slyp in $25 million Series A

Receipts startup Slyp has raised a $25 million Series A, with new investors Sayers Group and the Leibovich brothers joining existing bank backers including NAB Ventures, Reinventure and ANZ.

Also Australian FinTech·SmartCompany

Ignition Lane's Weekly Wrap: The Great Reengagement, backing Web3, riding the markets & the big local raises

Ignition Lane's weekly tech roundup: AirTree raises $700m across three new funds, dozens of Australian startups announce rounds, a wave of acquisitions including Block completing its Afterpay buy, plus Web3 commentary and US market moves.

Also SmartCompany·Startup Daily·Startup Daily

Investment Notes: Geora

Tenacious Ventures' investment note explains why it led agrifood blockchain platform Geora's AUD 1.5 million seed round alongside NAB Ventures and Flying Fox Ventures, its ninth investment.

Also AgFunderNews·Startup Daily

Basiq announces strategic investment from Visa

Payments company Visa has taken a stake in open data platform Basiq to speed its API growth, with Visa and Touch Ventures each adding a representative to the company's board.

NAB Ventures backed private school fees repayments fintech in $10 million round

Sydney school-fees lender Edstart raised $10 million from HEAL Partners, with NAB Ventures reinvesting after leading its 2019 Series A. Funds will double its 30-person team as it expands school partnerships.

Who Gives a Crap boss Simon Griffiths is among a group of founders backing a ‘next generation’ VC fund

Community-backed VC fund AfterWork Ventures has collected $10 million in commitments toward a $30 million target, with founders including Simon Griffiths investing, and has hired Jessy Wu as head of community.

Also Startup Daily

Meet the co-founders of Spriggy, who just banked $35 million in their mission to boost financial literacy for kids

Pocket-money app Spriggy has raised a $35 million Series B led by NAB Ventures, with Perennial Value Management and Grok Ventures backing, to build new products and triple headcount.

Also Startup Daily·SmartCompany·Startup Daily

Fintech lender Athena banks $90 million series D

Mortgage lender Athena has raised a $90 million Series D led by Square Peg Capital with earlier backers returning. The piece recalls its earlier Series A, B and C raises and lists other investors.

Also Australian FinTech·SmartCompany·Startup Daily·Australian FinTech

Payments platform Tyro buys medical fintech startup Medipass

ASX-listed payments company Tyro is acquiring Melbourne health payments startup Medipass for $22.5 million, mostly cash, giving its backer NAB Ventures and the founders an exit while they stay on.

Also Startup Daily·SmartCompany

Ignition Lane's Weekly Wrap: Netflix comparisons, ScoMo's digital epiphany, Bitcoin's face-off

Weekly technology roundup covering Australia's digital economy budget, multiple startup raises including SafetyCulture's unicorn round, Data Republic's administration, TikTok's new permanent CEO, and Bill.com's purchase of Divvy.

Also Startup Daily

Sydney data exchange startup Data Republic has been placed in voluntary administration

Data exchange startup Data Republic has entered voluntary administration after seven years, with McGrathNicol appointed and a sale or recapitalisation to be explored despite earlier large raises.

Also Startup Daily

Ignition Lane’s Weekly Wrap: Canva’s rise, Clubhouse plays Twitter, Slack’s Australian slog

Ignition Lane's weekly roundup covers Canva's US$71 million raise, several Australian payments acquisitions and mergers, local raises by Cyble, Enboarder, Rendr and Basiq, plus overseas deals including Plaid, Box, Ramp and Coinbase's listing.

Also Startup Daily·Startup Daily

Australian FinTech company profile #77 – Basiq

Profile of Basiq, a Sydney fintech giving fintechs access to banking data, covering its origin, leadership team, locations and its investment from NAB Ventures, Reinventure and Salesforce Ventures.