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.
Startup · $41.5m raised
Melbourne, VIC
Every investor coverage indicates participated in a round Who Gives A Crap raised.
| Investor | Rounds | Invested |
|---|---|---|
| AirTree Ventures | Unnamed stage | - |
| Alyssa Healy | Unnamed stage | - |
| Athletic Ventures | Unnamed stage | - |
| Cameron Adams | Unnamed stage | - |
| Craftory | Unnamed stage | - |
| Didier Elinga | Unnamed stage | - |
| Didier Elzinga | Unnamed stage | - |
| Doug English | Unnamed stage | - |
| Giant Leap | Unnamed stage | - |
| Grok Ventures | Unnamed stage | - |
| James Height | Unnamed stage | - |
| Jamjar | Unnamed stage | - |
| JamJar Investments | Unnamed stage | - |
| Josh Kelly | Unnamed stage | - |
| Kate Morris | Unnamed stage | - |
| Manatu Partners | Unnamed stage | - |
| Matt de Boer | Unnamed stage | - |
| Matthew Dellavedova | Unnamed stage | - |
| Mike Cannon-Brookes | Unnamed stage | - |
| Mitchell Starc | Unnamed stage | - |
| Nat Fyfe | Unnamed stage | - |
| Paul Polman | Unnamed stage | - |
| Stefan Mauk | Unnamed stage | - |
| The Craftery | Unnamed stage | - |
| Verlinvest | Unnamed stage | - |
Investors whose own portfolio pages list Who Gives A Crap, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Glitch Capital | its portfolio page ↗ |
Companies Who Gives A Crap acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Who Gives A Crap. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
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.
Frozen citrus maker Naked Rivals has been bought by Entyce Food Ingredients; the piece covers the founders' planned exit, fast supermarket rollout, an earlier $3m raise, and a coming insurance venture.
ARENA grants ANC $12.8 million to deploy 112 electric trucks for last-mile delivery through Project Spark, lowering ownership costs for owner-drivers and speeding fleet electrification.
Weekly roundup covering seven ANZ startup raises — Bare Funerals, Humii, WeMoney, CLT Toolbox, Clean Slate Clinic, SpatialGPT and Great Wrap — plus LaunchVic's $900,000 into Paul Little's Skalata fund.
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Scaleup Mediafund's $15 million third fund has made its first two investments, backing Hawke's Brewing and Bare with roughly $1 million in advertising apiece; oOh!media joined as an investor.
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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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.
Sally Metelerkamp's addiction app Lived has closed as she manages health problems; the story recalls its Antler incubator origins, a 2021 launch backed with $2.5 million, and $4 million more raised.
Bardee still supplies Bunnings and farmers despite big layoffs, slower production, and two regulator investigations; the agtech startup has raised $8 million, including a $5 million Blackbird-backed seed round.
Lingerie startup The OneTwo has launched an online bra-fitting platform, founded by Margot Balch and Maria Golushko, backed by Antler and angel investors, aiming to solve badly fitting bras for Australian women.
Profile of lingerie startup The OneTwo, which has launched an online bra-sizing platform. Co-founders Margot Balch and Maria Golushko describe the venture, a Kickstarter sales campaign, and backing from Antler Venture Capital and angel investors.
A launch profile of custom-bra fitting startup The OneTwo, covering its fitting algorithm, sustainability angle, and social mission, and noting earlier backing from Antler and industry angels.
Legal automation firm Josef banks $5.2 million in a round OIF Ventures led, with Carthona, Flying Fox, Jelix and Saniel participating, adding US and UK law firms as clients.
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Victorian compostable stretch wrap maker Great Wrap has secured an $11 million Series A from impact backers plus $13 million in asset financing, supporting a new Tullamarine plant and coming overseas expansion.
Republished AFR report on funeral startup Bare banking a ten-million-dollar round from Perennial and Ord Minnett, plus rival Willed's June raise from Thorney, Ellerston and a Bell Potter investor.
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AfterWork Ventures explains its pre-seed investment in Tirtyl, a zero-waste cleaning tablet startup, covering the founders' backgrounds, early traction, unit economics, and competitors including ZeroCo and Blueland.
Gold Coast stakeholder management startup Cake Equity has raised a $3 million seed round co-led by Jason Calacanis and Rampersand, with angels including Airtasker's Jonathan Lui, to support global expansion.
Also Australian FinTech
A year-end recap of SmartCompany's most-read startup stories of 2021, recalling raises by Carted, Octopus Deploy, Who Gives a Crap and Judo Bank, plus a bank acquisition, listings and a liquidation.
Weekly roundup of Australian startup raises, including Airwallex's Series E extension, Fleet Space's Series B and Montu's record crowdfunding, plus Giant Leap raising $19.5 million toward a $50 million second fund.
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Startup Daily reports the Atlassian co-founder and his wife have pledged a billion dollars via their family firm Grok Ventures to climate-focused startups, plus half a billion to philanthropy.
Two hospitality tech startups, Mobi and Muso, have raised venture funding as venues digitise after lockdowns; the piece also recalls recent raises by Ordermentum, Barcats and Foodbomb in the same sector.
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Equity crowdfunding platform Birchal reports a record September 2021 quarter for CSF raises, and the article rounds up September's large venture rounds including Airwallex, Canva, Cover Genius and Scalapay.
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Greener, whose app offsets carbon emissions from consumer purchases, has raised a $1 million seed round to fund development and a national launch, and has signed over 50 brands to its program.
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Weekly roundup covering Canva's huge raise and rich-list climb, a run of Australian startup funding rounds including SiteMinder and Mable, Domain's purchase of IDS, and Mailchimp's sale to Intuit.
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Women-focused superannuation fund Verve Super raised $2.6 million from first-time female and impact investors including Carol Schwartz, after failing to win over mission-blind venture capitalists.
Also Startup Daily
SmartCompany reports Mable and SiteMinder have each landed nine-figure cheques, from General Atlantic and Fidelity International respectively, with a Right Click Capital partner tipping more big deals as the local ecosystem matures.
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Melbourne social impact startup Who Gives A Crap has raised its first outside capital in nine years, led by Verlinvest, with Grok Ventures, other funds and several angel investors also taking part.
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Community-backed VC fund AfterWork Ventures has collected $10 million in commitments toward a $30 million target, with founders including Simon Griffiths investing, and has hired Jessy Wu as head of community.
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Profile of Great Wrap, whose founders produce compostable cling wrap at a solar-powered Melbourne factory, noting an Amazon grant and personal backing from Who Gives A Crap's chief.
Weekly roundup column covering Zoom's record quarter, Redbubble reaching unicorn valuation, founder share sell-downs, a new secondary fund launch, and funding rounds for mental health and e-commerce startups.
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