Startup · $59.5m raised
Sydney, NSW
Programs: Startmate
Every investor coverage indicates participated in a round Sitemate raised.
| Investor | Rounds | Invested |
|---|---|---|
| Tim Doyle | Seed | - |
| Startmate | Accelerator | - |
| Shearwater Capital | Series A · Series A · Seed | - |
| Rory San Miguel | Seed | - |
| OIF Ventures | Series A | - |
| Marbruck Investments | Series A · Series A · Seed | - |
| Blackbird Ventures | Series A · Series A · Seed · Seed | $5,200,000 |
| Artesian VC | Seed | - |
Every published round Sitemate 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.
Companies Sitemate has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Sitemate, as distinct from the investments it has made.
Companies Sitemate has backed that another company then bought. An exit for the holding, not a deal Sitemate did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Sitemate is recorded as having been acquired. | ||||
Companies Sitemate acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Nomad Fleet | Acquisition | 20 Aug 2024 | $2m | techtaffy.com, Forbes Australia (Mon 23 Dec 2024), Forbes Australia (Tue 20 Aug 2024) |
Stories naming Sitemate. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Startmate reflects on a decade of backing founders, profiling breakout alumni across its cohorts and describing how its mentors reinvest in newer startups, alongside its fund model and returns.
Sitemate, which builds no-code platforms for construction, has closed a $27.5 million Series A with Blackbird leading and prior backers aboard; the story also recalls earlier raises and its buyout of fleet-management firm Nomad.
Built-world software firm Sitemate has closed a $27.5m Series A led by Blackbird at a valuation above $150m; Blackbird also backed its 2022 seed, and Sitemate bought Nomad Fleet this year.
Also Startup Daily
OIF Ventures' 2024 review: two portfolio companies acquired, a talent-leadership hire, its fourth fund deploying, new investments in eight named startups and nine follow-on rounds.
Sitemate, an Australian construction-industry software firm, has bought asset-tracking startup Nomad Fleet for $2 million. The profile also recalls the $5.2 million seed round Blackbird led in 2022.
Roundup of the week's Australian raises: Sitemate, Kashcade, Psychae Therapeutics, MediCann Health, Refilled and Upworth together banked $21.3 million across software, lending, psychedelic medicine, cannabis and drink dispensing.
Also Startup Daily·Startup Daily·SmartCompany·Forbes Australia
Construction software startup Sitemate has secured $7.5 million in pre-Series A funding, led by Marbruck Investments with Blackbird and Artesian participating, and intends to double headcount during 2024.
Blackbird's investment notes explain why it led Sitemate's seed round, tracing the built-world software startup from its 2017 Startmate cohort and pre-seed backing to its collaboration products.
Also Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Forbes Australia·Forbes Australia
Pay-equity software startup EvenBetter.ai has landed a half-million-dollar investment from Shearwater Capital ahead of next month's launch, as new Australian gender pay reporting rules take effect.