Insurtech startup banks $108 million Series A
Home insurer Honey Insurance has raised a $108 million Series A led by US firm Gallatin Point Capital, following a seed round backed by RACQ, AGL, Metricon, Mirvac and PEXA.
Startup · $969m raised
Wollongong, NSW
Every investor coverage indicates participated in a round Scalapay raised.
| Investor | Rounds | Invested |
|---|---|---|
| Woodson Capital | Series A | - |
| Willoughby Capital | Series B | - |
| Tiger Global | Series B · Series A | - |
| Tencent | Series B | - |
| Moore Capital | Series B | - |
| Ithaca Investments | Series A | - |
| Gangwal | Series B | - |
| Fasanara Capital | Series B · Series A | - |
| Deimos | Series B | - |
| Baleen Capital | Series A | - |
Companies Scalapay acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Scalapay. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Home insurer Honey Insurance has raised a $108 million Series A led by US firm Gallatin Point Capital, following a seed round backed by RACQ, AGL, Metricon, Mirvac and PEXA.
A year-end SmartCompany roundup counting down 2023's ten largest Australian startup raises, headed by Employment Hero's $263m Series F, with investor details and commentary on fewer mega-rounds and continued under-representation of women co-founders.
Wollongong BNPL unicorn Scalapay has created a founders' scholarship, granting $10,000 plus an incubator residency; first recipient is Abbl, a brewery software venture started by the couple behind Five Barrel Brewing.
KPMG data shows Australian startup funding hit a record in 2022 despite a global downturn, while accountancy fintech Hnry closed a $35 million Series B led by AirTree to double headcount and expand overseas.
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.
US giant KKR joined navigation-technology maker Advanced Navigation's $108 million Series B, alongside returning local backers; the company also bought ANU spin-out Vai Photonics, and two KKR staff will join its board.
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Ignition Lane's weekly roundup covers Linktree's unicorn raise, several Australian funding rounds, Tiger and Insight's new mega-funds, falling SaaS valuations, the ACCC's action against Meta, and new accelerator and product launches.
Techboard's monthly roundup reports February 2022 raises including Scalapay's A$692m Series B, Employment Hero's $181m and Karbon's $93m, My Rewards' ASX listing, and investor deal notes on OwnHome, Kepler Analytics and Blakthumb.
Ignition Lane's weekly technology roundup: climate-tech funding activity, Grok's bid for AGL, King River Capital's digital asset fund, a batch of Australian startup raises, Maropost acquisitions, GigSuper's collapse and a National AI Centre appointment.
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Weekly roundup of seven startup raises: OCR Labs' Series B, Zoomo's Series B extension, plus new funding for Lumi, Upflowy, Linkby, Fortiro and Licorice, alongside Scalapay's unicorn round and Arkon Energy's pre-seed.
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Rokt's Series E tops a week of Australian raises including Dovetail, Inventia, DiviPay, Atomi, 6clicks, Replica Studios and ProForm Foods, with SimPro's recent raise noted.
Tiger Global led a US$16.5m secondary funding round in construction software firm Assignar, co-led by SecondQuarter Ventures, with Fifth Wall and HighSage taking part; past backers and a $20m Series B are recalled.
Equity crowdfunding platform Birchal reports a record September 2021 quarter for CSF raises, and the article rounds up September's large venture rounds including Airwallex, Canva, Cover Genius and Scalapay.
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Sydney insurtech Cover Genius raised a $100 million Series C led by Sompo Holdings to reach unicorn valuation, with G Squared participating, capping a strong month for Australian startup funding rounds.
Airwallex has raised a US$200 million Series E at a US$4 billion valuation, led by Lone Pine Capital, with its founders also unveiling a $200 million fund amid a wave of big local raises.
SmartCompany reports Mable and SiteMinder have each landed nine-figure cheques, from General Atlantic and Fidelity International respectively, with a Right Click Capital partner tipping more big deals as the local ecosystem matures.
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Weekly venture roundup covering Scalapay's giant series A, numerous Australian raises, acquisitions of Clipchamp, Paidy and CipherTrace, Houseparty's closure, crypto regulation developments, and Atlassian appointing a Cloudflare founder as director.
Scalapay, a European buy-now-pay-later provider started by two Australians, has closed a Series A round worth A$210 million led by Tiger Global, and recently appointed two executives to run operations and expansion.
Scalapay, an Australian-born BNPL startup focused on European fashion retail, raised a $210 million Series A led by Tiger Global, valuing it above $1 billion, following a $63 million seed round in January 2021.
Buy-now-pay-later fintech Scalapay, founded by Australians and focused on Southern Europe, has raised a $210 million Series A led by Tiger Global, reaching unicorn valuation, with hiring plans ahead.
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