Investor · 2 deals
Every published round Southern Cross 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 |
|---|---|---|---|---|---|---|
| SourseAI | Unnamed stage | 21 Jul 2021 | $1.5m | Lead | Startup Daily (Mon 11 Dec 2023), globalawards.news, SmartCompany, radiotoday.com.au, Startup Daily (Wed 7 Jul 2021), sourse.ai | |
| Sonnant | Seed | 14 Mar 2021 | $750k | Lead | Startup Daily (Wed 7 Jul 2021), Startup Daily (Sun 14 Mar 2021), Startup Daily (Wed 10 Mar 2021) |
Companies Southern Cross has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for Southern Cross, as distinct from the investments it has made.
Companies Southern Cross has backed that another company then bought. An exit for the holding, not a deal Southern Cross did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Southern Cross is recorded as having been acquired. | ||||
Companies Southern Cross 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 |
|---|---|---|---|---|
| Seven West Media | Merger | Jan 2026 | - | Sandon Capital (Mon 4 May 2026), Sandon Capital (Mon 4 May 2026), Sandon Capital (Fri 1 May 2026) |
Existing Southern Cross shares sold by the funds and people who held them. None of this money reached Southern Cross, and none of it counts in what Southern Cross raised.
| Sold by | Announced | Amount | Valuation | Bought by | Sources |
|---|---|---|---|---|---|
| Spheria Asset Management | 4 May 2026 | $14m | - | Bruce McWilliam | Sandon Capital (Mon 4 May 2026), Sandon Capital (Fri 1 May 2026) |
Every investor coverage indicates participated in a round Southern Cross raised.
Stories naming Southern Cross. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Street Talk roundup: Tasman Capital's new fund reaches first close, EQT buys control of an NRL club, KKR eyes a Drifter exit, PAG dealmakers jump to Jardine Matheson, Colter Bay lands a debut loan.
Sandon Capital seeks a vote to oust Southern Cross Media's chairman and two directors after opposing its Seven West merger; the piece also recalls that merger, a stake sale and a CEO change.
ANZ is winding up DataCo, a customer-data startup built within its former venture arm 1835i, following Cashrewards' closure and its Airwallex stake sale, with media clients reportedly weighing compensation.
Southern Cross Media's chairman defends its proposed all-scrip merger with Seven West Media, saying major shareholders back it, while Sandon Capital's Radzyminski moves to block the share issue and rivals circle.
Weekly funding roundup covering eight local companies that together banked $80m, topped by twin $17m Series Bs at Safewill and Fresho, plus Celosia's $16.75m Series A and five smaller rounds.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·LaunchVic
SourseAI has promoted Tanya Hyams-Young from product chief to chief executive, with Matt Jones shifting to a revenue role while keeping his director seat, as the founding team turns to European growth.
Weekly roundup reporting Butn's ASX listing, Cicada Innovations' renewed health-sector partnership, and fresh raises by Kāhu, FL0, Lyka, Sourse AI and Evos.
SourseAI has raised $1.5 million led by Aligned Equity and Southern Cross Austereo to expand its machine learning platform helping executives make data-driven decisions, with SCA applying it to audience personalisation.
Also Startup Daily·Startup Daily·SmartCompany·Startup Daily·sourse.ai·radiotoday.com.au·globalawards.news
Weekly roundup by Ignition Lane covering Vend's sale to Lightspeed, Roblox's listing, raises at Pipe, DataGrail, Mastt, Sonnant and Corvus, LaunchVic's new fund for women founders, and Scale Investors' new co-CEOs.
Also Startup Daily·LaunchVic
Melbourne AI startup Sonnant secured a seed investment from broadcaster Southern Cross Austereo to support its LiSTNR audio platform, improving content discovery through transcription and machine learning.
An Australian esports club raised over $360,000 through an equity crowdfunding platform, letting fans buy ownership, and appointed a new strategy hire with digital and esports consulting background.