Venture capital fund · 6 deals
Sydney, NSW
Every published round x15ventures took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted, and a place in one of its own programs is under Cohorts.
Everyone x15ventures has named to a program in published coverage. A place in a program is not a raise: the cheque is the figure recorded with the place, which is the program's standard terms where we hold them, and a blank is one we don't.
| Member | Program | Announced | Cheque | Sources |
|---|---|---|---|---|
| Splashup | Xccelerate21 | 5 Oct 2021 | $150k | Techboard, Startup Daily (Fri 13 Aug 2021), Startup Daily (Fri 6 Aug 2021) |
| Bramp | Xccelerate21 | 13 Aug 2021 | - | Startup Daily (Fri 13 Aug 2021), Startup Daily (Fri 6 Aug 2021) |
| Four2 | Xccelerate21 | 13 Aug 2021 | - | Startup Daily (Fri 13 Aug 2021), Startup Daily (Fri 6 Aug 2021) |
| Sales Optic | Xccelerate21 | 13 Aug 2021 | - | Startup Daily (Fri 13 Aug 2021), Startup Daily (Fri 6 Aug 2021) |
| Shop You | Xccelerate21 | 13 Aug 2021 | - | Startup Daily (Fri 13 Aug 2021), Startup Daily (Fri 6 Aug 2021) |
| Splashup | Xccelerate | 2021 | $150k | Australian FinTech, Startup Daily |
| OwnHome | Xccelerate 2020 | 30 Nov 2020 | $150k | Australian FinTech, Startup Daily |
| Givvable | Xccelerate2020 | Jul 2020 | - | Startup Daily (Wed 9 Sep 2020), Startup Daily (Fri 24 Jul 2020) |
| Givvable | Xccelerate | 2020 | - | Australian FinTech, Startup Daily (Fri 30 Sep 2022), Startup Daily (Fri 13 Aug 2021) |
| OwnHome | Xccelerate | 2020 | $150k | Australian FinTech, Startup Daily |
Companies x15ventures has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Splashup | 12 Aug 2021, Accelerator | 1 | 1 | |
| Shop You | 13 Aug 2021, Accelerator | 1 | 1 | |
| Sales Optic | 13 Aug 2021, Accelerator | 1 | 1 | |
| Persollo | 30 Sep 2022, Accelerator | 1 | 1 | |
| Paytron | 12 Dec 2022, Accelerator | 1 | 1 | |
| Payble | 13 Apr 2021 | 2 | 0 | |
| OwnHome | 30 Nov 2020, Accelerator | 2 | 1 | |
| Givvable | 2020, Accelerator | 1 | 1 | |
| Four2 | 13 Aug 2021, Accelerator | 1 | 1 | |
| Bramp | 13 Aug 2021, Accelerator | 1 | 1 | |
| :Different | 11 Nov 2021, Series B | 1 | 1 |
Fund closes reported for x15ventures, as distinct from the investments it has made.
Companies x15ventures has backed that another company then bought. An exit for the holding, not a deal x15ventures did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of x15ventures is recorded as having been acquired. | ||||
Companies x15ventures acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Doshii | Acquisition | 28 Jan 2021 | - | SmartCompany, Startup Daily (Fri 6 Aug 2021), Startup Daily (Tue 13 Apr 2021), Startup Daily (Thu 28 Jan 2021) |
| Home-in | Acquisition | undated | - | Startup Daily (Fri 6 Aug 2021), Startup Daily (Tue 13 Apr 2021) |
| Vonto | Acquisition | undated | - | Startup Daily (Fri 6 Aug 2021), Startup Daily (Tue 13 Apr 2021) |
| Backr | Acquisition | undated | - | Startup Daily (Fri 6 Aug 2021), Startup Daily (Tue 13 Apr 2021) |
| Credit Savvy | Acquisition | undated | - | Startup Daily (Fri 6 Aug 2021), Startup Daily (Tue 13 Apr 2021) |
Stories naming x15ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly roundup: Blackbird confirms a record fund close and Galileo reaches a first close, Genesis merges with Proudi, IREN secures massive debt, and several startups report raises, grants and program wins.
A fintech venture fund co-founded by Up Bank's Dom Pym has locked in a $10m first close with Commonwealth Bank's x15ventures as cornerstone backer, aiming for $50m ahead of a 2028 final close.
ANZ is winding up its venture arm 1835i and has shut Cashrewards after selling its Airwallex stake; the piece also recalls Airwallex's later raises and CBA's Klarna investment, stake sale and New York listing.
ANZ is winding up 1835i, its externally managed venture arm, weeks after selling its Airwallex stake; the piece recalls Cashrewards' takeover and closure, Airwallex raises, and CBA's Klarna windfall.
Commonwealth Bank's venture arm x15ventures and specialist fund Triple Bubble announce a partnership to support Australian fintechs with capital, mentoring and talent exchange between the bank and startups.
Dom Pym's fintech fund Triple Bubble has formed a partnership with Commonwealth Bank's venture arm x15ventures spanning joint investment, mentorship and talent exchange; financial terms were undisclosed.
Identitii has exited Payble in a $1.6 million stake sale to OIF Ventures, with proceeds going to its BNDRY compliance platform; OIF lifts its holding in the council-payments startup it backed in 2023.
OwnHome has secured a $31 million Series A, with Square Peg Capital leading and Commonwealth Bank joining, as returning backers double down on its low-deposit route into home ownership.
Sydney payments startup Payble has raised $3.5 million in an OIF Ventures-led round, bringing its seed total to $6 million, with earlier backing from Commonwealth Bank's x15ventures.
Also Startup Daily
Commonwealth Bank's venture arm is buying invoice lender Waddle from Xero for an undisclosed sum, undoing Xero's 2020 purchase, to boost the bank's working-capital offering.
Commonwealth Bank's venture arm is buying invoice-financing platform Waddle, folding the technology into the bank to grow its Stream Working Capital offering for business customers.
Property management startup Different has gone into administration with KPMG after failing to raise new capital, despite backing from AirTree and CBA's venture arm; the piece also recalls the failures of Milkrun and Brosa.
Property management startup :Different has entered voluntary administration with KPMG appointed, after failing to secure further funding; the article recalls its earlier capital raises.
Also Startup Daily
Doshii reports rapid uptake of QR code table ordering among Australian hospitality venues, with order volumes up sharply as operators adopt apps to cope with staff shortages; the Commonwealth Bank-backed platform integrates venue apps.
Profile of spend-management startup Paytron, which won a 2022 fintech award and an x15ventures competition; co-founder Jaco Veldsman credits customer focus, team culture and problem obsession for its growth.
Paytron won x15ventures' Xccelerate 2022, receiving a $250,000 SAFE note plus access to CBA's ecosystem. The piece recalls its earlier $4.35 million seed round backed by Carthona Capital and Picus Capital.
Payments sales leader Alexi Paxinos has been hired by Sydney fintech Shaype as Head of Business Development, with CEO Andrew Laycock welcoming him as the embedded finance platform accelerates growth.
OwnHome hires Janez Debevec as Head of Capital Markets to expand its debt and financial management capabilities, with co-founder James Bowe welcoming the structured finance veteran.
AfterWork Ventures explains why it reinvested in OwnHome's $31 million Series A led by Square Peg with Commonwealth Bank, having backed the rent-to-buy startup's pre-seed round in July 2021.
Also Square Peg Capital portfolio·Square Peg Capital portfolio·Startup Daily·Australian FinTech·Startup Daily·Techboard·Australian FinTech·Australian FinTech·businesstories.com
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.
Also SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Business News Australia·startupscaleup.com.au·SmartCompany
Commonwealth Bank's venture scaler x15ventures is putting a further $700,000 into Payble, the payments subsidiary of ASX-listed Identitii, following its initial backing last year as Payble signs its first energy customer.
Antler's first Australian fund has made 18 early-stage investments in five months, taking its local portfolio past 60 companies, and extended its mandate to later-stage rounds including :Different's Series B and Pathzero's Series A.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily
Techboard's roundup lists August 2021 Australian funding events, including raises by TechLend, v2food, Hireup and others, Fresh Equities' CEO-backed investment, and Five V Capital's $50m stake purchase in Penten.
Ecommerce AI startup Splashup won x15ventures' Xccelerate21 pitch contest, earning a $150,000 SAFE note. Four other startups pitched, and givvable, the prior year's winner, has since expanded its supplier network.
Also Techboard
Weekly roundup covering CBA's strategic stakes in Little Birdie and Amber, several Australian funding rounds, Zip's BNPL acquisitions, Tritium's planned NASDAQ listing, Amazon's MGM purchase and other global tech news.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Women's Agenda
Weekly roundup reporting fresh raises by Marketplacer, Arli, DiviPay, Payable, Flotespace and Varicon, plus references to completed campaigns by Coinstash and Superhero.
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.
Commonwealth Bank's venture builder x15ventures has acquired hospitality platform Doshii, its fifth acquisition since launching, announced at CBA's 2021 technology update in Sydney; the price was not disclosed.
Commonwealth Bank's venture scaler x15ventures has named Ben Heap its first independent non-executive chairman and Jane Martino its first external portfolio advisor, adding fintech and start-up experience to its board and investment committee.
Commonwealth Bank's venture builder x15ventures appoints Ben Heap as its first independent non-executive chairman and Jane Martino as its first external portfolio adviser to its investment committee.
Home-buying startup OwnHome won CBA-backed x15ventures' Xccelerate 2020 program, receiving $150,000 in funding as the program's winner.
Four startups in Commonwealth Bank's x15ventures Xccelerate program pitch for a $150,000 investment, with the winner to be announced; givvable won the inaugural program in July.
Commonwealth Bank invests US$10 million each in Square Peg and Zetta's latest funds, backs new venture Backr via X15 Ventures, awarded Givvable a cash prize, and recalls its Klarna stake.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany
Sisters' sustainability procurement startup givvable won X15 Ventures' inaugural Xccelerate2020 accelerator, taking $150,000 from CBA plus Microsoft technology and program support; SpendAble, Link4 and SenseIQ were the other finalists.
Commonwealth Bank's X15 Ventures opens applications for Xccelerate 2020, a virtual pitch event offering winning start-ups funding, mentoring and support for ideas aiding small business recovery.