H1 2024 in Review: $100m invested
TEN13's investor letter celebrates passing $100 million deployed, plus fresh backing for iion and Switchboard, team promotions, AutoGrab's overseas growth and NZ-arm sale, and the Mr Yum–Me&U merger.
Venture capital fund · 5 deals
Every published round Transition Level Investments 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 |
|---|---|---|---|---|---|---|
| Kapiche | Unnamed stage | 4 Sep 2019 | $1.8m | Participant | Startup Daily (Fri 4 Oct 2019), Startup Daily (Fri 13 Sep 2019), SmartCompany, Main Sequence Ventures portfolio | |
| Notiv | Unnamed stage | 3 Jun 2019 | $1.4m | Participant | Startup Daily (Mon 20 Sep 2021), Startup Daily (Tue 4 Jun 2019), SmartCompany | |
| IncoDocs | Seed | 26 Apr 2019 | $1.2m | Participant | SmartCompany, Blackbird Ventures portfolio | |
| FloodMapp | Seed | 2018 | $1.3m | Participant | TechCrunch Australia, Startup Daily, SmartCompany | |
| Go1 | Seed | 12 Dec 2016 | $4m | Participant | Our Innovation Fund, SmartCompany (Mon 18 Mar 2019), SmartCompany (Tue 14 Aug 2018), SmartCompany (Tue 13 Dec 2016), Startup Daily |
Companies Transition Level Investments has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for Transition Level Investments, as distinct from the investments it has made.
Companies Transition Level Investments has backed that another company then bought. An exit for the holding, not a deal Transition Level Investments did.
Stories naming Transition Level Investments. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
TEN13's investor letter celebrates passing $100 million deployed, plus fresh backing for iion and Switchboard, team promotions, AutoGrab's overseas growth and NZ-arm sale, and the Mr Yum–Me&U merger.
TEN13 newsletter reporting Chipper Cash's US$150m unicorn round, Mr Yum's Tiger Global-led Series A, and new investments in Payhippo, Preezie, Pushas and Heaps Normal, plus portfolio updates.
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ASX-listed voice data company Dubber has bought Brisbane AI meeting-transcription startup Notiv for $6.6 million via its US parent Pinch Labs; Notiv had earlier raised $1.4 million in 2019.
Republished AFR report recalls Go1's earlier backing and Series C investors, including OIF, while its reported Series D at a billion-dollar valuation remains in progress and a listing is flagged.
Also Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup News (WA)·TechCrunch Venture·TechCrunch Venture
ACS has committed $5 million to seed its own early-stage tech fund and is recruiting co-investors, while entrepreneur Steve Baxter's River City Labs has been sold to the newly launched fund Ten13.
UK education data integration startup Wonde raised $2.6 million led by Tempus Partners, with Transition Level Investments, Macdoch Ventures and Xponova joining, to support its Australian expansion.
Roundup covering Jodie Fox's book on Shoes of Prey's failure, Google's agreed purchase of Fitbit, the return of Brisbane's RiverPitch investor night, Uber's new ventures, and Monica Lewinsky's anti-bullying Twitter bot.
A Brisbane flood-prediction company has secured seed capital from four venture firms and private backers to grow its technical team and expand across Australia and the United States, its co-founder explains the journey.
Brisbane data analysis startup Kapiche has raised $1.75 million led by Main Sequence Ventures to refine product-market fit and grow its team, with US expansion and a future capital raise planned.
Brisbane AI transcription startup Notiv has raised $1.4 million from three investors. The article profiles co-founders Chris Raethke and Iain McCowan, whose earlier venture Dev-Audio was acquired by Biamp in 2014.
Blackbird's note explains its backing of Incodocs' fresh seed funding supported by Maersk, covering the founders' trading background, the team's origins, and the market for digitising export paperwork.
Also SmartCompany