Ledger.

Startup · $205m raised · Cybersecurity · AI

UpGuard

Hobart, TAS

Coverage

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

2 deals

Enrola raises $2.1M Seed after pivot from education to AI sales tech

Australian startup Enrola has banked seed funding to scale its AI sales agent after pivoting from an education marketplace, with a new growth head joining.

Also Startup Daily·This Week in Australian Startups·ontargetish.com·bushletter.com·SmartCompany·ontargetish.com

4 deals

Square Peg Investor Letter Half Year Report 30 June 2026

Square Peg's half-year investor letter reports two funds reaching final close, three exits including Talon.One's sale to Adyen, realisations past US$1bn, and a framework for judging AI disruption across its portfolio.

Also Forbes Australia·This Week in Australian Startups

2 deals

Tassie Cybersecurity Firm Upguard Raises $105M Series C Funding

Hobart cybersecurity company UpGuard has landed US$75 million in Series C backing led by Springcoast Capital, with the article also recalling earlier Startmate and Firemark Ventures rounds.

Also Dealroom·Forbes Australia·Startup Daily·SmartCompany·ontargetish.com·SmartCompany·Forbes Australia

Series C $75m

UpGuard Raises $75M in Series C Funding to Accelerate Market Leadership in Cyber Risk Posture Management

Cybersecurity firm UpGuard has announced a $75 million Series C round led by Springcoast Partners, with existing backers joining, to fund product development, global expansion and acquisitions.

Also finsmes.com·thesaasnews.com·PR Newswire

Funding announcement

From 0 to 4.5 billion: how the Startmate pay-it-forward mentorship model built a startup powerhouse

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.

Fund close $50m

Leigh Jasper leads a new $50 million fund backed by Australian unicorn founders

Glitch Capital, a new $50m vehicle led by Leigh Jasper and backed by exited unicorn founders, has completed its first deal, backing Melbourne edtech firm Cadmus.

2 deals

Square Peg Investor Letter Half Year Report 31 December 2024

Square Peg's half-year letter to investors reviews 2024: $146m invested, $220m returned via five exits, fund value up to $3.25bn, plus portfolio raises at Rokt, Constantinople, Exodigo, Cuttable and Supabase.

Also rokt.com·AFR Technology·flux.finance

2 deals

Square Peg Investor Letter Half Year Report 31 December 2024

Square Peg's half-year investor letter reviews 2024: portfolio growth, $220m returned across five exits, a Rokt secondary at a $3.5bn valuation, and recent raises at Constantinople, Exodigo, Cuttable and Supabase.

Also Square Peg Capital portfolio·SmartCompany·Startup Daily·SmartCompany·Australian FinTech·Forbes Australia·Dealroom·Dealroom

Fund close $200k

Startmate’s top 20 most valuable investments

A profile of Startmate ranking the twenty most valuable companies it has backed, noting their valuations, past raises and founders, plus Bugcrowd's newly announced purchase of Informer and its climate focus.

2 deals

Alternative liquidity investor SecondQuarter raises $83 million for 2nd fund backed by Andrew Forrest, Sam Kroonenburg & Dom Pym

Secondaries fund SecondQuarter has reached an $83m first close on its second vehicle, aiming past $100m, with founder-angels and Minderoo among new backers; its portfolio includes past sales of ActivePipe and A Cloud Guru.

Also Techboard·Startup Daily

2 deals

A Cloud Guru founder Sam Kroonenburg signs on as a partner in SecondQuarter Ventures

A Cloud Guru co-founder Sam Kroonenburg joins SecondQuarter Ventures as venture partner as it closes $100 million for fund two; the piece also recalls A Cloud Guru's sale to Pluralsight and Moxiwork buying ActivePipe.

Also Techboard·Startup Daily

Series A $6m

Investment notes: HealthMatch AU$6m Series A

Square Peg's investment note recounts co-leading HealthMatch's $6 million Series A after an accelerated five-day process, profiling founder Manuri Gunawardena's clinical trial matching platform and existing backer Tempus Partners.

Also Square Peg Capital portfolio·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Women's Agenda

19 deals

2021 wrapped: a record-breaking year for fundraising and growth

Square Peg Capital's year-in-review recaps its 2021 portfolio: raises it led or joined, SPAC listing decisions, Vend's acquisition, new investment-team hires, and its newsletter and podcast output.

Also Startup Daily·RenewEconomy·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Techboard·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·RenewEconomy·myzeller.com·Australian FinTech·Women's Agenda·Startup News (WA)·Australian FinTech·Tech Funding News - Australia·Australian FinTech·Australian FinTech·Australian FinTech·@AuManufacturing·Tech Funding News - Australia·Australian FinTech·Forbes Australia·Dealroom·Forbes Australia·TechCrunch Venture·TechCrunch Venture·TechCrunch Venture·TechCrunch Venture·Crunchbase News·TechCrunch Venture·TechCrunch Venture·Crunchbase News·TechCrunch Venture·TechCrunch Venture·TechCrunch Venture·TechCrunch Venture·SmartCompany·TechCrunch Venture·TechCrunch Venture

News

Finding The Exit: Australian VC exits and market roundup

Commentary piece on VC exit strategies (IPO, trade sale, secondary sale) referencing recent Australian tech M&A deals and venture funding rounds including Sendle, UpGuard, Sonder and others.

8 deals

Finding the Exit

Aura Group's analysis of venture capital exits, reviewing recent Australian deals such as MessageMedia's sale and several funding rounds, then explaining the three liquidity paths: IPOs, trade sales and secondary sales.

Also OIF Ventures portfolio·Square Peg Capital portfolio·Square Peg Capital portfolio·investor.atmeta.com·The Guardian Australia - Technology·OIF Ventures portfolio·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Techboard·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·wired.com·Australian FinTech·Australian FinTech·Australian FinTech·Australian FinTech·about.fb.com·Australian FinTech·Australian FinTech·Australian FinTech·rswebsols.com·brandclickx.com·economictimes.indiatimes.com·TechCrunch Venture·TechCrunch Venture·Crunchbase News·TechCrunch Venture·Crunchbase News·SmartCompany·Startup Daily·LaunchVic

14 deals

The startup funding round: Tech for COVID-19 vaccines, automating oyster farms, and $25 million for cybersecurity

Weekly funding roundup: UpGuard raises $25m, Tanggram $5m, Endua launches with $5m, Cubiko $1.7m, The Village Co $1.2m, Tribu $1.25m, SmartOysters and BatNav crowdfund, Chipper Cash closes US$100m, and Main Sequence's fund closed.

News

Mike Cannon-Brookes and some of the biggest names in Australian tech are backing Startmate’s new climate change program

Accelerator Startmate has launched a climate startup program offering $75,000 for 7.5% equity, supported by prominent local investors and founders, and is seeking ten teams with applications closing 19 November.

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