Ledger.

Startup · $105m raised

Sendle

Sydney, NSW

Coverage

Stories naming Sendle. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Funding announcement

Sendle is back and under new ownership

The Sendle delivery brand, liquidated earlier in 2026 after a troubled merger, has been bought by logistics executive Andrew McKenna, who expects a September relaunch with Quantium Solutions handling deliveries.

4 deals

Sendle suddenly shutters deliveries amid financial concerns after merger investor freezes funding

Alternative parcel delivery firm Sendle stopped taking bookings five months after merging into US parent Fast Group, whose financial troubles led investor Federation Asset Management to suspend fund withdrawals and inject emergency capital.

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

Exit / M&A

Australia Post rival Sendle joins two US firms in strategic logistics merger

Sendle has merged with US firms FirstMile and ACI Logistix to form FAST Group, combining Australian small-business shipping with US parcel networks; ACI Logistix's Keith Somers will lead the combined group.

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

3 deals

Multi-marketplace online sales platform raises $800,000 pre-Seed round

Shopfront, a re-commerce platform for selling second-hand goods across multiple marketplaces, raised a pre-seed round backed by Antler, Co Ventures, 5H Values Capital, Jampad and angel syndicates, plus eBay grant funding.

2 deals

Shopfront raises $800,000 to make e-commerce easier

Melbourne startup Shopfront has secured $800,000 in a pre-seed round led by Antler, Co-Ventures, 5H Values Capital and Jam Pad Investments, with angel syndicates joining; its founders met through an Antler program.

Also Startup Daily·retailtechinnovationhub.com·startupwired.com

7 deals

Six Aussie startups that raised $87.7 million this week

Roundup of six Australian funding rounds this week: InDebted, Evolt, Restoke.ai, Mary Technology, Matilda and Demtech.ai, with investors, amounts, InDebted's valuation and a secondary component for early backers and staff.

Also Australian FinTech·SmartCompany·Startup Daily·Australian FinTech·Fintech News Australia·Business News Australia

3 deals

The Business Growth Fund’s $12 million Hubbed investment is the kind of “sexy” deal VCs might miss

Reports that a fund backed by government and major banks has taken a minority stake in a parcel pick-up network, profiling its patient investment model and recalling an earlier cheque to a clean-energy maker.

Also Startup Daily

News

Finding The Exit: Australian VC exits and market roundup

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.

8 deals

Finding the Exit

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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4 deals

Ignition Lane's Weekly Wrap: Airwallex's culture concerns, CSIRO's $100m plan, crypto trolls

Ignition Lane's weekly roundup reports Tyro buying Medipass, several startup raises, ASX listings, Hey Tiger shutting down, Airwallex culture complaints, CSIRO's technology spending plan, and Musk's bitcoin antics.

Also Startup Daily

5 deals

Aussie VC firms are racking up millions, and it's social impact startups that could reap the rewards

Impact Investment Group launches a $70 million Impact Alternatives fund of funds for impact investing, while several Australian funds including OneVentures, Tidal, Square Peg and Blackbird have recently raised new funds.

Also SmartCompany·SmartCompany·Startup Daily

13 deals

Funding for Australian startups just had a bumper start to 2019, but things are starting to look tougher

Techboard's March 2019 quarterly report records over $2.6 billion in startup funding, driven by CBA's PEXA acquisition, Airwallex's unicorn round, several large raises, and a warning that early-stage deal flow is shrinking.

Also Startup News (WA)

3 deals

Courier startup Sendle raises $20 million Series B led by Federation

Delivery startup Sendle has closed a $20 million Series B led by Federation, with three other backers, and separately Humanforce has raised $22.5 million from Accel-KKR for overseas expansion.

Also SmartCompany·SmartCompany·SmartCompany

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