Startup · $28.5m raised
Every investor coverage indicates participated in a round Upcover raised.
| Investor | Rounds | Invested |
|---|---|---|
| BetterLabs Ventures | Series A · Seed · Seed | - |
| Antler Australia | Seed · Seed · Accelerator | - |
| Antler Elevate Global Fund | Series A · Accelerator | - |
| Antler Elevate | Series A | - |
| Brian Hartzer | Series A | - |
| Gandel Invest | Series A | - |
| John Lydon | Series A | - |
| Marshall Investments | Series A | $8,000,000 |
| RealVC | Series A | - |
| Dr Richard Harris | Series A | - |
| Colin Morgan | Seed | - |
| Patricia Priest | Seed | - |
| Raf Niesten | Seed | - |
| Raf Uy | Seed | - |
| etika | Seed | $2,000,000 |
Companies Upcover acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Upcover. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Antler's third Australian fund has drawn a $20m commitment from Nicola Forrest's Coaxial Foundation, part of up to $30m backing women founders via grants and co-investment through the new Momentum program.
Tracxn figures show Australian tech funding reached $1.8 billion by mid-2025, powered by large late-stage rounds at Protecht, Airwallex, Harrison AI and Advancell, while seed and early-stage raising fell away sharply.
Insurtech Upcover and legal platform Lawpath are launching a bundled insurance and legal documents offering for small firms; the piece recalls Upcover's $11m Series A and Lawpath's $10m backing from Westpac.
Insurance broking platform UpCover secured a $19 million Series A — $11 million equity led by RealVC plus $8 million debt from Marshall Investments — with Antler Elevate, Betterlabs, Gandel Invest and individual investors taking part.
Queensland's government is committing $130 million across five venture firms — Antler, Five V Capital, Main Sequence, Mandalay and Salus — via a new fund to widen early-stage funding for local startups.
Antler is reportedly sounding out investors about a $60 million fund for very early Australian startups, while its first Australian fund has nearly fully deployed and applications remain open for its pre-launch program.
Cut Through Venture's August update rounds up July 2022 Australian startup funding, listing raises from Mx51 to WeMoney, Startmate's newest cohort of twelve, and the beta launch of its investor search tool.
Also Techboard
Ignition Lane's weekly wrap reports falling Australian venture funding, lists several startup raises and fund raises, covers Chargefox's acquisition, Volt's closure, the Zip-Sezzle merger termination, and global tech news.
Also Women's Agenda·Startup Daily·SmartCompany·Techboard·SmartCompany
A roundup of Australian startups that raised funds in recent weeks: mx51, Refundid, Storipress, HIVERY, InternMatch, upcover, Pearler and Loopit together secured over $100 million despite a cooling venture market.
Also Cut Through Venture
Insurance platform Upcover has secured a $2.7 million seed round plus $2 million in debt from Antler Australia, Betterlabs and insurance executives, to fund product development and customer acquisition for its embedded SMB insurance API.
RAC's Perth-based BetterLabs Venture Fund has deployed more than $2.5 million across eight Australian startups in six months, including seed funding for Snackr, taking its portfolio to 22 investments and over $12 million.
Also Startup Daily·Cut Through Venture·SmartCompany·Startup Daily·Australian FinTech
Retrospective on Antler Australia's first two years: a $46 million first fund closed with Eduardo Saverin backing, pre-seed investments in about 50 startups, Melbourne expansion, and new programs including an Existing Business cohort.
Antler's Sydney program has produced its first dozen startups, each taking a six-figure seed cheque from the generator, with a demo day pitch to outside investors set for November.