Funding announcement
Seven ANZ startups that raised $111.5 million this week
Roundup of seven raises across the Tasman spanning fintech, marine tech, agtech, defence and AI, plus a first close for an ACT venture fund.
Venture capital fund · 3 deals
Shasta Ventures
Disclosed deals
Every published round Shasta Ventures 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.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Auror | Unnamed stage | 9 Dec 2021 | $28.5m | Participant | Startup Daily (Mon 13 Dec 2021), Startup Daily (Thu 9 Dec 2021), Folklore Ventures portfolio | |
| LawVu | Bridge / extension | May 2021 | $2.3m | Participant | Startup Daily (Mon 11 Apr 2022), Startup Daily (Tue 10 Aug 2021) | |
| Canva | Unnamed stage | 21 Jul 2014 | $3.6m | Participant | SmartCompany, TechCrunch Venture, Square Peg Capital portfolio |
Portfolio
Companies Shasta Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
Funds
Fund closes reported for Shasta Ventures, as distinct from the investments it has made.
Portfolio companies acquired
Companies Shasta Ventures has backed that another company then bought. An exit for the holding, not a deal Shasta Ventures did.
People
Coverage
Stories naming Shasta Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
2 deals
Queensland quiet software giant Octopus Deploy snaps up US rival for $43 million
Brisbane DevOps software firm Octopus Deploy has bought San Francisco competitor Codefresh, reportedly paying US$28 million; the deal adds revenue and Kubernetes capability while Codefresh's venture backers face a loss.
6 deals
Kiwi legal tech LawVu tops up its Series A with an extra NZ$20 million
Insight Partners and AirTree have added NZ$20 million to LawVu's Series A, lifting the New Zealand legal software firm's total funding, with Insight's large recent cheques into SafetyCulture and Octopus Deploy also noted.
Unnamed stage
$28.5m
Kiwi retailing crime intelligence startup Auror raises NZ$30 million
New Zealand crime-intelligence software company Auror has raised NZ$30 million in a round led by Movac, with GD1, Shasta Ventures and Folklore Ventures taking part, to grow its Australian team, technology and retail support.
Also Startup Daily
5 deals
US VC Insight Partners backs Kiwi legal tech in $16m series A
Insight Partners led a NZ$17 million series A into New Zealand legal tech firm LawVu, with AirTree Ventures returning; the article also recalls Insight's recent backing of Employment Hero, SafetyCulture and Octopus Deploy.
Unnamed stage
$3.6m
Canva announces $3.6 million of funding, launch of new features
The online design platform has secured additional backing from new and existing backers to support growth, and unveiled an embeddable feature plus partnerships with several website service providers.
Also TechCrunch Venture