Ledger.

Company

WiseTech

Sydney, NSW

Coverage

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

Unnamed stage $32m

Dentroid raises $32 million for needle-free dental technology

Canberra medtech Dentroid has banked $32 million at a $265 million valuation, with Septodont both investing and signing a worldwide licensing deal for its light-based device that eases dental pain without needles.

Also Dealroom

Unnamed stage $2.4m

Now Vinyl is taking Time Out

Josh Simons-led Vinyl Group raised $2.4 million and is adding Time Out Australia and Pedestrian Group to its media portfolio for little outlay, alongside earlier buys of Concrete Playground and Val Morgan Digital.

Also This Week in Australian Startups

4 deals

Nine walks away from its $49 million digital media investment, Pedestrian, handing it to Richard White’s Vinyl

Vinyl Group is buying Nine's youth publisher Pedestrian Group for nominal consideration, ending Nine's costly ownership. The piece also recalls Nine's stake purchases, Linkby's Series B, and Vinyl's acquisitions and shutdowns.

Also Startup Daily·This Week in Australian Startups·Capital Brief

Venture debt ≤$10m

Richard White-backed Vinyl buys rival BuzzFeed and PopSugar publisher Val Morgan Digital from Hoyts

Vinyl Group is buying Val Morgan Digital, publisher of BuzzFeed and PopSugar, from Hoyts for $10.5 million, with funding via a shareholder facility and Hoyts CEO Damian Keogh joining the Vinyl board.

Also Startup Daily·Startup Daily·Mumbrella

Unnamed stage $11m

Brag Media cofounder sues Richard White-backed Vinyl for $2 million over acquisition deal

Brag Media cofounder Luke Girgis is suing Vinyl Group for performance payments from their 2023 sale; the piece also recalls Vinyl's other acquisitions and Richard White's $11 million investment.

Series D+ $263m

After buying the founder's own business for $43 million, Employment Hero spends another $112m on a Canadian rival

Employment Hero acquires Canada's Humi for $112m and, filings show, paid $43.4m for Ben Thompson's Employment Innovations; the story also recalls its 2023 Series F and investor clash.

Also TechCrunch Venture·Startup Daily

Exit / M&A

Richard White-backed Vinyl Group's latest media play is acquiring Concrete Playground for $5 million

Music and media company Vinyl Group has agreed to buy the city guides brand Concrete Playground for $5 million in cash and shares, with completion expected by late February 2025.

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily

12 deals

The 10 biggest capital raises by Australian startups in 2023

A year-end SmartCompany roundup counting down 2023's ten largest Australian startup raises, headed by Employment Hero's $263m Series F, with investor details and commentary on fewer mega-rounds and continued under-representation of women co-founders.

2 deals

Wisetech billionaire Richard White doubles down on $66 million series D for music licensing startup Songtradr

US music licensing marketplace Songtradr closed a US$50 million Series D backed by Australian institutions and Richard White, valuing it at US$300 million, after acquiring MassiveMusic, Tunefind, Pretzel, Song Zu and Cuesongs.

Also SmartCompany

Unnamed stage $5m

SalesPreso rebrands as LivePreso following $5 million raise

Presentation software firm SalesPreso has rebranded as LivePreso after a $5 million round led by Shearwater Growth Ventures, with Chris Ridd joining its board as it targets business clients including Asahi and Iress.

Also SmartCompany

Unnamed stage $6m

Getting cash into the hands of SMEs: Fintech Earlytrade closes $6 million round

Sydney supplier-payment marketplace Earlytrade completed a $6 million raise, led by new venture fund Shearwater Growth Equity with $2.5 million, alongside several high-net-worth individuals, with Shearwater's founders joining the board.

Also Australian FinTech

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