OIF Ventures portfolio

Couple's start-up clinches $25m valuation with Blackbird backing

Melbourne developer-tools startup Factor House closed its first external round — $5 million, led by Blackbird, valuing it at $25 million — with OIF Ventures, Flying Fox Ventures, the Alice Anderson Fund and two angels joining.

Rosterfy raises $5.5 million as volunteer tech powers Super Bowl LIX

Rosterfy, an Australian maker of volunteer-management software, has landed fresh capital from OIF Ventures as its platform runs Super Bowl volunteering; the piece also recalls earlier Bailador investments from 2024 and 2023.

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Blast OIF | 24 things from 2024

OIF Ventures' 2024 review: two portfolio companies acquired, a talent-leadership hire, its fourth fund deploying, new investments in eight named startups and nine follow-on rounds.

Also Forbes Australia·techtaffy.com

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PE giant buys in as Aussie AI infrastructure start-up raises $45m

Neara, an Australian AI infrastructure startup, raised $45 million led by EQT, Partners Group and Square Peg Capital, with Skip Capital and Prosus Ventures returning; funds target North American and European expansion.

Retail advertising startup Zitcha bags $15 million Series A for US push

Zitcha, an Australian retail-media advertising technology company, has secured $15 million in Series A funding, with US firm VMG Partners leading and OIF Ventures also involved, to support its American expansion.

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Edtech LoveHeart AI schools up on $2.3 million Seed round

LoveHeart AI, an early childhood education technology startup, has secured $2.3 million in Seed funding from OIF Ventures and Skalata to grow its AI assistant that reduces educators' paperwork.

Also SmartCompany·SmartCompany

Fitness software startup Hapana presses $17.3 million Series A for global push

Fitness membership software maker Hapana has secured a $17.3 million Series A backed by OIF Ventures and Bailador, earmarked for a second-generation platform and US and APAC growth.

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This Ex-Young Rich Lister built a top media company, now he's trying tech

AFR profile of Linkby co-founder Chris Wirasinha covers the adtech firm's new $4 million raise, with Perennial Private Investments leading and OIF following on, and recalls his earlier sale of Pedestrian TV to Nine.

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Sydney start-up Bridgit has raised $14.6m as it takes on the wealth transfer market

Bridging lender Bridgit has banked a $14.6m equity round through OIF Ventures plus a $125m debt facility, positioning the Surry Hills startup for Australia's looming intergenerational wealth handover.

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Payble raises $3.5m in round led by OIF Ventures

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

Blast OIF | 23 things from 2023

OIF Ventures' year in review: full Eftsure exit, Opportunity Fund close, Visory, DataMasque and Nullify backed, follow-ons at Inspace and Dataweavers, new team members and portfolio milestones.

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Tech founders pile in as VC fund raises $55m in a week

OIF Ventures has gathered $55 million toward a new Opportunity Fund with a $75 million goal, backed by several tech founders, and has put $4 million into Advanced Navigation's $108 million round.

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Why Facebook’s co-founder has put $6m into this Aussie start-up

OIF's blog republishes an AFR report: Inspace has banked a $6 million round backed by B Capital and OIF, plans AI features and US growth, while proptech peers :Different and Yabonza have failed.

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Caregiver software start-up Circle In bucks dire investment trend for female-led start-ups, raises $2m in funding

Melbourne family-care benefits platform Circle In has closed a $2m round, adding Alberts Impact Ventures to existing private backers and LaunchVic's Alice Anderson Fund, while research highlights shrinking venture money for women-only founding teams.

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BLAST OIF | Edition VI

OIF Ventures' newsletter announces leading Nullify's pre-seed round, two investment team hires, portfolio company awards and product launches, and Go1's acquisition of Anders Pink.

Also OIF Ventures portfolio·Startup Daily·Startup Daily

US, UK legal giants embrace Aussie automation start-up

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.

Also SmartCompany

This start-up ‘kissed a lot of frogs’ before landing an Aussie backer

Workforce planning software firm eQ8, started by two ex-Qantas and NBN executives, has raised A$5.5 million in a Series A led by OIF Ventures, with customers including Metlife and the United Nations.

Also SmartCompany

KKR backs Aussie robotics company in blockbuster $108m raise

US giant KKR joined navigation-technology maker Advanced Navigation's $108 million Series B, alongside returning local backers; the company also bought ANU spin-out Vai Photonics, and two KKR staff will join its board.

Also OIF Ventures portfolio·@AuManufacturing·SmartCompany·Startup Daily·Techboard·SmartCompany·Forbes Australia

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Our investment in Zitcha

OIF Ventures announces it led Zitcha's $4.8 million seed round, backing the retail media buying platform started by Troy and Jack, whose customers include Adore Beauty and The Warehouse Group.

Start-up that helps retailers sell advertising space secures $5m

Retail adtech firm Zitcha has banked roughly $5 million in seed funding led by OIF Ventures at a $14.8 million valuation, serving retailers including Adore Beauty and The Warehouse Group.

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Our investment in Dataweavers: The Next Generation of Web Operations

OIF Ventures' investment note announces it backed Dataweavers' A$5 million Series A, outlining the company's cloud automation platform for enterprise web operations, its market opportunity, and its founders' backgrounds.

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Unicorn investor puts fresh bet on customer data start-up

OIF Ventures' site republishes AFR reporting on Dataweavers' $5 million Series A, which OIF led to back global expansion, and notes the firm's oversubscribed $140 million third fund closed that month.

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BLAST OIF | Edition V

OIF Ventures' newsletter reports the oversubscribed close of its third fund, Series A investments in Biza.io and Futurerent, Bare Cremation's raise, portfolio company milestones, partnerships, upcoming events and an investment analyst vacancy.

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VC fund defies the downturn, raising $100m in 24 hours

OIF Ventures has closed its third fund at $140m, beating its original $100m target, with founder backers including Peter Lilley and Andrew Barnes; earlier trade sales underpin its strong returns.

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Our investment in Biza.io

OIF Ventures explains its decision to co-lead Biza.io's $7.5m Series A, citing the founder's standards expertise, Biza's market lead, and growth as the open-data regime expands.

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Former bank exec finds funding for profitable fintech

Biza.io, a Brisbane consumer-data-right compliance startup, has closed a $7.5m Series A with OIF Ventures and Jelix Ventures — its first raise after bootstrapping to profitability under founder Stuart Low, a former Rabobank innovation head.

Also OIF Ventures portfolio·OIF Ventures portfolio·Startup Daily·Australian FinTech·Startup Daily·Techboard·Startup Daily·Australian FinTech·Australian FinTech·Australian FinTech·Australian FinTech

Our investment in Futurerent: Giving Property Investors Tomorrow's Rent, Today

OIF Ventures sets out why it led Futurerent's $9m Series A: the fintech advances landlords their rent ahead of schedule, and has partnered with property software firm MRI.

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Start-up lets property investors access rental income early

Rental-advance lender Futurerent has closed a $9 million Series A, with early backer OIF Ventures reinvesting alongside newcomers BridgeLane, Mulpha, iPartners, MFO Investments and Second Century Ventures.

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Funeral disruptor defies deadly market conditions to bank $10m

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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Go1 nabs $100M at a $2B+ valuation to upgrade its curated enterprise learning platform

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Our investment in Vouch

OIF Ventures' note explains why the fund co-led an $8m seed round in video-testimonial software maker Vouch with US-based Stage 2 Capital, profiling the product, founders and go-to-market model.

Also Startup Daily·Startup Daily

Our investment in Neara

OIF Ventures' note explains its decision to back Neara's A$20 million Series B alongside Skip Capital and Square Peg, describing the infrastructure-modelling startup's technology, utility customers and growth.

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Our investment in Clear Dynamics

OIF Ventures explains why it co-led enterprise software developer Clear Dynamics' $35 million Series A, citing its composable, AI-driven platform, profitable rapid growth, and large enterprise customers.

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Breakthrough Aussie AI software firm banks $35m

Clear Dynamics has closed a $35m Series B led by existing backers OIF Ventures and Colinton Capital Partners, with new family office and private investment, to fund international expansion of its AI enterprise software.

Also OIF Ventures portfolio·Centerstone Capital portfolio·Startup Daily

Advanced Navigation acquires ANU tech spin-out

Robotics firm Advanced Navigation, backed by publisher OIF, is buying ANU spin-out Vai Photonics in an all-scrip deal of up to $40m; Vai's navigation tech is in talks with NASA.

Also OIF Ventures portfolio·Startup Daily·Dynamic Business·Startup Daily

Turnbull's AI robotics bet taps investors for blockbuster raising

Advanced Navigation, with Malcolm Turnbull on its board, is seeking $80-135 million; the piece recalls its 2019 $20 million Series A and Minderoo's strategic investment.

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NASDAQ giant swoops on Canberra start-up in $500m+ deal

OIF Ventures republishes an AFR report on NetApp buying Canberra data-technology firm Instaclustr for a reported $500 million-plus, covering founder paydays and the fund's returns, including a 20-times outcome on its early backing.

Our investment in Bridgit

Investment note announcing the firm's lead of Bridgit's $7.7 million Series A. Covers the bridging-loan fintech's product, traction, market, and founders' backgrounds at Stake, MoneyMe and KPMG.

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Bridgit banks $7.7m to turbocharge same-hour loans

Bridging-loan fintech Bridgit closed a 7.7 million dollar round with OIF Ventures and Perennial Partners, following earlier venture debt, to expand its rapid loan approval technology.

Also OIF Ventures portfolio·Australian FinTech·Startup Daily·Techboard·Startup Daily

Investors look for billion dollar Aconex repeat as Mastt secures $9.5 million

Construction software firm Mastt has banked $9.5 million from OIF Ventures and other backers, including the Aconex founders' fund, to fuel its push into the United States and Middle East.

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Our investment in Mastt

OIF Ventures says it led a $9.5 million Series A in Mastt, a SaaS platform for construction project management, citing the founders' experience, product-led growth pricing and international expansion potential.

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PwC directors quit to run 'liar loan' detection start-up

Three ex-PwC directors spun out document-verification startup Fortiro, taking $3.5 million in equity backing from Our Innovation Fund, with lenders including Athena and Latitude already among its customers.

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Our investment in Fortiro

OIF, an Australian VC, announces a $3.5 million investment leading Fortiro's seed round, profiling the document fraud-detection startup's technology, PwC-experienced founders, and customer traction.

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Malcolm Turnbull helps Newcastle hacker bank $23m to fight NFT bots

Bot-security firm Kasada, founded by Sam Crowther, raised $23m in a Series C led by StepStone, with OIF and Turnbull & Partners among existing backers; StepStone had recently acquired Greenspring Associates.

Also SmartCompany·Startup Daily·SmartCompany·Startup Daily

Former Young Rich Lister scores $5 million for AdTech venture Linkby

OIF republishes AFR coverage of adtech startup Linkby raising $5 million in a seed round the fund led, profiling founder Chris Wirasinha, his Pedestrian TV sale, and Linkby's publisher advertising model.

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Our investment in Atomi

Australian VC OIF Ventures explains why it led edtech platform Atomi's A$9 million Series A, covering the product, market opportunity, founding team, and pandemic-driven demand for online learning.

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Online learning platform Atomi banks $9m from OIF

Atomi, an online teaching platform, has closed a $9 million Series A led by OIF Ventures, which backed it before, with angels also taking part; schools in Australia and the UK use its tools.

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US growth firm Level Equity buys significant Eftsure stake

OIF Ventures reports New York's Level Equity has bought a large stake in Eftsure, letting the Australian backer sell most of its holding, with the same investor recently in simPRO's huge round.

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BLAST OIF | Edition III

OIF Ventures' third monthly portfolio roundup: XM Cyber's roughly billion-dollar sale to Schwarz Group, Assignar's secondary raise, new investments in Inspace, mod.io and Atelier, plus portfolio awards, customers and product launches.

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Our investment in Atelier

OIF announces it followed on into Atelier's $3 million seed round. Atelier's marketplace helps creators and brands manufacture and launch beauty and wellness products; OIF first backed the company's December 2020 pre-seed.

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OIF, Macquarie win big from $US700m XM Cyber acquisition

OIF says its early stake in Israeli cybersecurity firm XM Cyber, bought by Schwarz Group for US$700 million, returned the firm's entire first fund; Macquarie and others joined its 2020 Series B.

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Tiger Global places another Aussie bet, this time on Assignar

Tiger Global led a US$16.5m secondary funding round in construction software firm Assignar, co-led by SecondQuarter Ventures, with Fifth Wall and HighSage taking part; past backers and a $20m Series B are recalled.

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Our investment in mod.io

Investment note from OIF announcing its participation in mod.io's US$26 million Series A alongside Tencent, LEGO Ventures, Makers Fund and Play Ventures, profiling the UGC gaming platform and its two founders.

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OIF, Tencent, LEGO pile into $34m round for gaming start-up Mod.io

Mod.io, which lets gamers build and share in-game content, has raised $34 million from Tencent, LEGO's venture arm, Our Innovation Fund and earlier backers.

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CIA-backed Aussie start-up goes to seed funding

Sydney computer-vision startup Visionary Machines closed a $7.5 million seed round led by Folklore Ventures with Our Innovation Fund co-investing, and appointed Amir Mashkoori, based in Silicon Valley, as its CEO.

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OIF, Leigh Jasper back virtual inspection play Inspace

Virtual inspection platform Inspace has secured A$4 million in fresh capital, with Our Innovation Fund leading the round alongside Leigh Jasper, Investible and Artesian. OIF partner Geoff Levy joins the board.

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Bridging finance fintech TechLend hunts fresh funds

OIF's write-up of bridging-loan startup TechLend: a two-month-old lender fielding heavy loan demand, already holding $50 million in venture debt from a Silicon Valley fund, now chasing a larger facility plus equity.

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BLAST OIF | Edition II

OIF Ventures' newsletter rounds up portfolio achievements: award wins and list placements for several companies, new product launches, and partnerships including Go1 with Employment Hero and Adobe, plus community masterclasses and webinars.

Serenade wants to help musicians make money

Profile of Serenade, an NFT and performance marketplace for musicians, tracing founder Max Shand's route from Afterpay employee to venture investor, with OIF among its backers.

BLAST OIF | Edition I

OIF Ventures' first portfolio newsletter: OIF Fund II closed above $100 million, plus recent raises at Go1, Circle In, Assignar, Arcade, Visionary Machines, Neara, Futurerent and Adventus.io.

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