External Advisor, Flagship · angel in 4 deals
Every published round Nick Molnar 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.
Companies Nick Molnar has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for Nick Molnar, as distinct from the investments it has made.
Companies Nick Molnar has backed that another company then bought. An exit for the holding, not a deal Nick Molnar did.
Stories naming Nick Molnar. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Two raises reported: Superhero has banked $20m of a hoped $30m round led by Salter Brothers at a $176m valuation, while New Zealand crime-intelligence startup Azonic took NZ$1m in a Blackbird-led pre-seed.
Share trading and super platform Superhero has raised $11 million from existing backers, lifting its post-money value to $150 million, with plans to build tools that give investment advice.
Also SmartCompany
Roundup of two Australian raises: a quantum security company's government-led $20m round and a retail analytics startup's US seed round backing its American push.
Flagship, whose software helps retailers optimise in-store merchandising, has raised a $2 million seed round led by Tidal Ventures, with Afterpay cofounder Nick Molnar, brother of founder Simon, among the backers.
Share trading platform Superhero is demerging from crypto exchange Swyftx, its founders resuming control via a management buyout backed by earlier investors, as Swyftx contends with crypto downturn and repeated staff cuts.
Profile of Flagship, a Sydney retail-tech startup founded by Simon Molnar, brother of Afterpay's Nick Molnar, which tracks in-store shopper behaviour using battery-less tags and counts Afterpay's early investors among its backers.
Block has completed its purchase of Afterpay, and Square is rolling out Afterpay's buy-now-pay-later option to its online sellers in the US and Australia, with a free trial until May 2022.
Also Australian FinTech
WA angel group Perth Angels has opened applications for its first 2022 funding cycle, with pitches due 16 February; it recently deployed $250,000 across three startups at its previous investor night.
A retrospective of Afterpay's journey from its 2014 founding and only venture raise to its ASX listing, US and European expansion, and its agreed $39 billion takeover by Square, alongside partnerships and controversies.
Square is acquiring ASX-listed buy-now-pay-later firm Afterpay in a US$29 billion (A$39 billion) scrip deal, with co-founders Anthony Eisen and Nick Molnar joining Square once it completes in early 2022.
A Matrix Partners venture investor reflects on Square's agreed merger with Afterpay, crediting the Sydney-founded buy-now-pay-later pioneer with sparking a global payments shift that rivals rushed to copy.
Australian buy-now-pay-later firm Afterpay has agreed to a US$29 billion acquisition by Square, with founders Nick Molnar and Anthony Eisen expected to join the payments company once the deal completes in early 2022.
Also Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Australian FinTech·Australian FinTech·Australian FinTech
Square announced plans to acquire Melbourne-based buy now, pay later provider Afterpay in an all-stock deal, and the piece surveys the BNPL sector's backers, competitors and growth forecasts.
Square has agreed to acquire Australian buy-now-pay-later firm Afterpay in an all-stock transaction valued at $29 billion, expected to complete in early 2022, with Afterpay's co-CEOs set to join Square.
Also TechCrunch Venture·TechCrunch Venture·Tech Funding News - Australia·TechCrunch Venture·TechCrunch Venture
Venture studio Dovetail, based in Sydney and Auckland, is raising a fund to back companies from its program; the piece recalls its Afterpay work and program alumni, plus a founder's earlier acquisition.
Australian investing platform Superhero raised $25 million at a valuation above $100 million, with repeat angel backing from Nick Molnar and Larry Diamond plus Fred Schebesta, Regal Funds Management and Thorney Investment Group.
Also Australian FinTech·SmartCompany·Startup Daily·SmartCompany·Startup Daily
Afterpay brings co-founder Nick Molnar back as co-CEO alongside Anthony Eisen, and Molnar's AGM address revisits the company's purchase of Spanish fintech Pagantis and its global expansion.
Also SmartCompany
Sydney wage-advance app Beforepay has raised $4 million in a round led by James Spenceley, following rapid user growth and a rebrand from its original name, Cheq.
Also SmartCompany·Australian FinTech·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Crikey·Startup Daily
Share-trading platform Superhero launches with an $8 million round led by Zip's Larry Diamond, with other Zip and Afterpay figures investing; Afterpay's Nick Molnar had backed an earlier seed round.
Also Australian FinTech·SmartCompany·SmartCompany·SmartCompany·SmartCompany
Telstra has appointed Expert360 co-founder Bridget Loudon as a non-executive director from August 14; the article also recalls Expert360's $12 million raise from AirTree Ventures and Rampersand earlier in 2020.
Tech roundup covering Apple and Google's contact-tracing API fixing CovidSafe, Afterpay's US user growth, Tesla dropping a lawsuit, and Bevan Slattery selling a third of his Megaport stake for $65 million.
Afterpay secured a 5% stake purchase by Tencent, lifting its share price sharply, with founders and a Tencent executive commenting on the investment and possible collaboration.
Tencent bought a five percent stake in Afterpay for $300 million, sending shares sharply higher. The buy-now-pay-later firm's founders welcomed the strategic Chinese investor, which also holds a stake in Airwallex.