Ledger.

Investor

UBS

Sydney, NSW

Coverage

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

2 deals

Sarah Thompson

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.

Also AFR Technology·AFR Technology·AFR Technology·Dealroom

Exit / M&A

About - Jerrara Environmental

About page for waste solutions company Jerrara Environmental profiling its holdings and operating boards, with biographies recalling sector transactions including Cleanaway's sale to KKR and later acquisition by Transpacific.

Funding announcement

Here are the 16 startups pitching at Startmate Demo Day this week

Preview of the sixteen startups in Startmate's Summer '25 Accelerator cohort pitching at Demo Day at Carriageworks, closing out Blackbird's Sunrise gathering in Sydney.

undisclosed $5m

Couple's start-up clinches $25m valuation with Blackbird backing

Melbourne developer-tools startup Factor House closed its first external round — $5 million, led by Blackbird, valuing it at $25 million — with OIF Ventures, Flying Fox Ventures, the Alice Anderson Fund and two angels joining.

Funding announcement

Mike Cannon-Brookes names former Macquarie banker Tan Kueh as Grok's CEO

Mike Cannon-Brookes' investment vehicle Grok Ventures has hired Tan Kueh, ex-Macquarie, UBS and BlackRock, as CEO, joining CIO Jeremy Kwong-Law, as it sharpens its strategy around climate investing.

Pre-seed

BLAST OIF | Edition VI

OIF Ventures' newsletter announces leading Nullify's pre-seed round, two investment team hires, portfolio company awards and product launches, and Go1's acquisition of Anders Pink.

Also OIF Ventures portfolio·Startup Daily·Startup Daily

Unnamed stage $17.8m

OMG (Openmarkets Group) extends pre-IPO to $17.8m due to record growth, and acquires Cannon Trading

Openmarkets Group grew its pre-IPO funding to 17.8 million dollars and agreed to buy the remaining share of trading tech developer Cannon Trading, while adding several senior staff.

Unnamed stage

x15ventures invests $1 million in Identitii subsidiary, Payble

Common Bank's venture scaling entity x15ventures has invested $1 million for a minority stake in Payble, the bill-payments subsidiary of ASX-listed Identitii, its first minority equity investment, with Chris Austin joining Payble's board.

Also Startup Daily·Startup Daily

Series B $6.2m

InfiniGold raises $6.25m and rebrands as Trovio ahead of wider expansion into the commodities industry

Commodity tokenisation firm InfiniGold, now renamed Trovio, has raised A$6.25 million in Series B funding co-led by Blockchain Valley Ventures and Amherst Holdings to grow its CommoditiesPass platform.

Also Cut Through Venture

Funding announcement

2ND TIME LUCKY: Small business lender Prospa is raising $110 million in another IPO attempt

Online small-business lender Prospa has lodged a prospectus for a second attempt at listing on the Australian exchange, a year after abandoning its first, having earlier raised a pre-listing round from existing backers.

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