FUNDED May 2023
Techboard's May 2023 roundup of Australian startup funding: 42 private raises topped by Fleet Space's $50m round, two $40m acquisitions, multiple grants, accelerator intakes, and fund news including GiantLeap's $50m fund raise.
Startup · $263.8m raised
Sydney, NSW
Every investor coverage indicates participated in a round Zoomo raised.
| Investor | Rounds | Invested |
|---|---|---|
| AirTree Ventures | Series B · Series B · Venture debt · Unnamed stage | - |
| Akuna Capital | Series B · Series B | - |
| ArcTern Ventures | Series B · Series B | - |
| Clean Energy Finance Corporation | undisclosed · Series B · Series A · Series B · Venture debt · Unnamed stage | $7,000,000 |
| Collaborative Fund | Series B · Series B | - |
| Contrarian Ventures | Series B · Series A · Series B · Venture debt · Unnamed stage | - |
| Grok Ventures | undisclosed · Series B · Series B | - |
| Haun Ventures | Series A | - |
| Maniv Mobility | Series B · Series A · Series B · Venture debt · Unnamed stage | - |
| Mike Cannon-Brookes | Series B | - |
| Mitsubishi UFJ | Series B | - |
| MUFG Innovation Partners | Series B · Series B | - |
| OneVentures | Series B · Series A · Venture debt | - |
| Scott Farquhar | Series B | - |
| SG Fleet | Series B · Series B | - |
| Skip Capital | Series B · Series B | - |
| Viola Credit | Series B · Series A · Venture debt | - |
| Viola Group | Series B · Series B | $30,000,000 |
| Virescent Ventures | Venture debt | - |
| WIND Ventures | Series B · Series B | - |
| Winthrop Square | Venture debt · Unnamed stage | - |
| Wisdom VC | Venture debt · Unnamed stage | - |
Companies Zoomo acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Zoomo. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Techboard's May 2023 roundup of Australian startup funding: 42 private raises topped by Fleet Space's $50m round, two $40m acquisitions, multiple grants, accelerator intakes, and fund news including GiantLeap's $50m fund raise.
E-bike subscription startup Zoomo cut 27 roles in its second restructuring in six months, weeks after client Milkrun's collapse, and disclosed a previously unreported $24 million raise led by Grok Ventures and the CEFC.
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OneVentures adds three women to senior investment and marketing roles as the Australian venture firm pushes growth in healthcare, biotech and women's health, alongside a Victorian Government-backed venture credit fund.
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Delivery e-bike firm Zoomo has added US$20 million to its Series B, led by Collaborative Fund, three months after an $80 million round backed by the Atlassian founders' vehicles, lifting total funding beyond $100 million.
E-bike supplier Zoomo added $20 million in equity to complete its Series B, led by Collaborative Fund with several strategic backers joining, lifting the delivery-vehicle startup's total funding to $101.5 million.
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Two technology lawyers advise Australian founders entering the US market to prioritise intellectual property and privacy compliance, citing client examples Zip Co and Faethm and recent capital raises by Zoomo and Playside.
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Electric delivery vehicle maker Zoomo has closed an oversubscribed Series B of US$60 million (A$80 million), led by new investor Grok Ventures with Skip Capital and ArcTern, plus follow-on from existing backers and a new debt facility.
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Roundup leads with Zoomo's electric-bike subscription raise and covers new funding for Imprint, SOS, Mixpanel, Virtuoso, Monograph, Aplazo and Podium, plus Twitter's purchase of Threader and other technology headlines.
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Australian e-bike firm Zoomo has announced a $16 million round led by AirTree, with the publisher investing a further $2.2 million, and has appointed four US industry figures to its advisory board.
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Australian e-bike subscription startup Zoomo has announced a $12 million round led by AirTree, following its 2020 Series A, to fund expansion into Europe, more US states and next-generation vehicles.
Three local startups share how they secured offshore investment during COVID-19, covering virtual pitching, a seed round, a Series A, and accelerator-style support programs abroad.
Sydney electric bike startup Bolt Bikes has rebranded as Zoomo and raised $11 million in a Series A led by the Clean Energy Finance Corporation, with equity and venture debt investors, to expand subscriptions.