News
Myles Glashier | Supply House Times
An author page and column by Myles Glashier, Phocas co-founder and CEO, arguing distributors must standardize data management before AI implementation can succeed.
Startup · $52m raised
Phocas
Sydney, NSW
Funding history
-
Unnamed stage : $45,000,000
-
Unnamed stage : $7,000,000
Investors
Every investor coverage indicates participated in a round Phocas raised.
| Investor | Rounds | Invested |
|---|---|---|
| Ellerston Capital | Unnamed stage | $35,000,000 |
| OneVentures | Unnamed stage · Unnamed stage | $17,000,000 |
Who bought Phocas
The transaction that ended Phocas'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 |
|---|---|---|---|---|
| Accel-KKR | Acquisition | 15 Oct 2025 | $500m+ | OneVentures portfolio (Fri 17 Apr 2026), OneVentures portfolio (Mon 12 Jan 2026), phocassoftware.com, AFR Technology |
What Phocas bought
Companies Phocas acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
People
| Name | Role | Sources |
|---|---|---|
| Myles Glashier | Co-founder and Co-CEO (former) | supplyht.com, phocassoftware.com, AFR Technology, OneVentures portfolio |
| Phil Dodds | CEO | OneVentures portfolio |
| Philip Dodds | Chief Executive (former) | phocassoftware.com |
Coverage
Stories naming Phocas. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Exit / M&A
Vaxxas Appoints Former Merck Global Vaccines President David Peacock as CEO
A fund's insights listing: its headline flags Vaxxas naming an ex-Merck vaccines chief as CEO, while linked teasers report Eucalyptus' $1.6b sale and Accel-KKR's takeover of Phocas.
Also OneVentures portfolio·AFR Technology·phocassoftware.com
8 deals
Five Aussie startups that raised $163.6 million this week
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.
Series A
~$35m
Data Zoo secures $35 million in Series A Funding from Ellerston JAADE to fuel global expansion
Identity verification firm Data Zoo has banked roughly A$35 million in Series A backing from Ellerston JAADE, its first external capital, and recently installed an ex-LSEG chief executive as it eyes international growth.
Exit / M&A
Ellerston JAADE New Investment: Nitro
Ellerston's JAADE fund says it invested in Nitro Software alongside Potentia Capital, part of the takeover that delisted the document productivity software company from the ASX.
Funding announcement
CTV Funding News - 1H 2021 in Review (Startups)
Cut Through Venture's newsletter reviews first-half 2021 Australian and New Zealand startup funding, covering aggregate round statistics, new unicorns, founder age patterns, and the strong funding of recently founded COVID-era companies.
79 deals
CTV Funding News - 1Q 2021
Cut Through Venture's debut quarterly newsletter rounds up Q1 2021 raises across Australian and New Zealand startups, highlighting crowdfunding, fintech dominance, active investors, and two newly launched startups currently seeking backers.
2 deals
OneVentures invests in international software company Phocas, bringing business back to Australia and positioning the company for international expansion
OneVentures announces ten million dollars of equity and credit financing for business intelligence firm Phocas, combining a recent credit facility with a 2018 equity investment, as the company prepares for international growth.
Also phocassoftware.com