Startup
Sydney, NSW
Every investor coverage indicates participated in a round Prospa raised.
| Investor | Rounds | Invested |
|---|---|---|
| SmartCompany | Accelerator | - |
Investors whose own portfolio pages list Prospa, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Square Peg Capital | its portfolio page ↗ |
The transaction that ended Prospa's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
Companies Prospa acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Prospa. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
A Melbourne fund manager's tech fund led a $4.9 million investment in Sydney hospitality procurement platform Marketboomer, taking a 20 per cent stake to fund local resources, Asian and UK expansion and payouts to existing shareholders.
OwnHome has secured a $31 million Series A, with Square Peg Capital leading and Commonwealth Bank joining, as returning backers double down on its low-deposit route into home ownership.
Newsletter roundup covering Australian raises by Gilmour Space, BlockTexx, FirstWave and Bandicoot, acquisitions of Alumina, Cyanco, Quality Air Equipment and Amentco, plus takeover interest in CSR and Prospa.
Salter Brothers Tech Fund has proposed a roughly $74 million buyout that would delist Prospa from the ASX; directors back the offer, and the article recaps the lender's corporate history.
Prospa, the small-business lender, has agreed to a $74 million buyout by Salter Brothers Tech Fund and will leave the ASX, five years after floating at a far higher valuation.
Sydney small-business lender Shift, once known as GetCapital, has secured a Series C worth $27 million, with Sequoia Capital Southeast Asia heading the round and earlier backers also taking part.
Also Australian FinTech·SmartCompany·SmartCompany·Australian FinTech
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.
Also TechCrunch Venture·SmartCompany·Startup Daily·Square Peg Capital portfolio·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·@AuManufacturing·StrictlyVC·Startup News (WA)·Australian FinTech·Australian FinTech·@AuManufacturing·TechCrunch Venture·TechCrunch Venture·Crunchbase News
Australian venture firms Airtree, Square Peg and Blackbird have written down their Canva stakes, valuing the design company well below its last raise, amid wider market corrections hitting Klarna and other late-stage startups.
Square Peg explains its rationale for leading Athena's Series B, joined by Hostplus and Airtree, with analysis of the Australian mortgage market, the challenger lender's model, and its founding and senior team.
Also Startup Daily·Australian FinTech·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Crunchbase News
Square Peg marks small-business lender Prospa's stockmarket debut, recalling its 2017 investment and praising founders Greg and Beau for clarity, culture and resilience after a shelved float the year before.
Car loan platform CarClarity appoints Damon Pezaro, who held product roles at Domain, Prospa and Finder, as a non-executive director to advise on product strategy during its 2022 expansion.
Car loan platform CarClarity hires three executives covering analytics, marketing and partnerships, following its Equity Venture Partners-led Series A and a period of rapid revenue and headcount growth.
Comparison site Finder hires Damon Pezaro from Prospa as its first Chief Product Officer, tasking him with international product strategy, while continuing a hiring spree and expanding offices globally.
Sydney neobank Avenue Bank has received a restricted banking licence from APRA, letting it lend working capital to small businesses, with a full licence targeted for mid-2022.
Commentary piece on VC exit strategies (IPO, trade sale, secondary sale) referencing recent Australian tech M&A deals and venture funding rounds including Sendle, UpGuard, Sonder and others.
Aura Group's analysis of venture capital exits, reviewing recent Australian deals such as MessageMedia's sale and several funding rounds, then explaining the three liquidity paths: IPOs, trade sales and secondary sales.
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Car loan comparison platform CarClarity has raised $1 million in a round led by Equity Venture Partners, with angel money from lending executives, and an EVP associate is set to join its board.
Also Startup Daily·Australian FinTech·Cut Through Venture·Australian FinTech
Perth fintech WeMoney has launched publicly with a $2 million round led by RAC's venture arm BetterLabs, joined by Full Circle VC and several angel investors, for its community-based money management app.
Also Australian FinTech·SmartCompany·Startup News (WA)·SmartCompany·Startup Daily·Startup Daily·Startup News (WA)·Australian FinTech·Startup News (WA)·Australian FinTech
Square Peg investor Ben Hensman argues conditions favour Australian fintech founders despite COVID-19, citing the firm's seed backing of Zeller and more than $100 million invested in local fintech businesses.
Also Square Peg Capital portfolio·Square Peg Capital portfolio·SmartCompany·Australian FinTech·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Australian FinTech·TechCrunch Venture
Antler Australia streamed its first virtual Demo Day to over 2000 viewers, presenting twelve startups built through its five-month program, and unveiled two new initiatives supporting women founders and online company-building training.
Daily tech roundup covering Kogan.com's $100 million placement, Prospa's quarterly results with a government warehouse investment, Grubhub's merger with Just Eat Takeaway, plus Amazon, Ping Identity and Tesla news.
The government's AOFM commits $250 million toward Judo Bank as part of a larger warehouse investment, while rival non-bank lenders consider seeking support from a new $15 billion facility for major banks' competitors.
Online mortgage marketplace Funding.com.au has raised $3.7 million in Series A funding from Equity Venture Partners, with an EVP investment director joining its board.
Also SmartCompany·SmartCompany·Australian FinTech·Australian FinTech·Wholesale Investor
Tyro has lodged prospectus documents for a December ASX listing seeking roughly a quarter of a billion dollars, part of it existing shareholders selling down, with the article detailing financials, valuation range and offer timetable.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily
A roundup covering Prospa's post-listing share slump, a union appeal over an UberEats dismissal, Disney+ arriving in Australia, a WeWork regulator probe, and Lyka's seed raise.
Broker Morgans' pre-float research values lender MoneyMe between $127 million and $243 million ahead of a possible ASX listing, benchmarking it against peers Zip Co and Prospa.
AirTree Ventures closes a $275 million third fund backed by Australian institutions and announces staff moves; the piece also recalls Canva's raise, Prospa's ASX listing and :Different's new round.
Also Startup Daily·StrictlyVC·AFR Technology·TechCrunch Venture
Profile of payments startup Split Payments covering its Byron Bay base, founding team, open banking products, its Series A round closed in late 2018, and several industry awards.
Melbourne challenger bank Judo raised a record A$400 million Series A, drawing new offshore backers Bain Capital Credit and Tikehau Capital, and aims to lend $1 billion to small businesses by Christmas.
Sydney legal-fee financing firm Quickfee joined the ASX after a $13.5 million IPO, with its shares jumping 150 per cent on debut as it looks to grow in Australia and the US.
Prospa Group has joined the ASX official list after completing its IPO, selling 29 million shares at $3.78 to raise $109.6 million, with long-term backers retaining stakes under escrow.
SME lender Lumi has closed an $8 million equity round led by Josh Liberman Investment Group, and expects a lift when rival Prospa floats on the ASX.
Also SmartCompany·SmartCompany
Online small-business lender Prospa has lodged a prospectus for a second attempt at listing on the Australian exchange, a year after abandoning its first, having earlier raised a pre-listing round from existing backers.
Prospa's leadership is sounding out fund managers for a second try at floating on the ASX, about a year after its first float was scrapped and the money raised returned.