Media

A pivot from retail to aged care helped this start-up raise $10m

The company behind in-store emoji-based customer experience surveys has successfully raised $10 million from leading investors and entrepreneurs, after adapting its platform to be used for compliance in healthcare…

– Australian Financial Review, Dec 15, 2022

Alternative liquidity investor SecondQuarter raises $83 million for 2nd fund backed by Andrew Forrest, Sam Kroonenburg & Dom Pym

Secondaries investment fund SecondQuarter Ventures has raised $83 million as a first close for its second fund, just 18 months after launching with its first $51m fund…

– Startup Daily, Oct 17, 2022

Forrest’s Minderoo joins bevy of founders backing VC’s second fund

Australia’s only secondary venture capital fund SecondQuarter Ventures has raised $83 million for a second fund, bringing on high-profile backers including Andrew Forrest’s Minderoo Foundation, Craig Burton’s Verona Capital and 99designs co-founder Mark Harbottle…

– Australian Financial Review, Oct 17, 2022

Wellbeing start-up banks $35m

Sonder, a workplace wellness technology start-up that has signed up big corporate clients including Woolworths, Commonwealth Bank, Toll Group and Allianz, has closed a $35 million funding round, as venture capital funds see potential riches in its UK expansion plans…

– Australian Financial Review, Sep 15, 2022

Canva downgrade sparks valuation rethink for local tech

The fallout from the tumbling value of Australian tech darling Canva has begun to spread across the local industry, as more superannuation-backed and listed venture capital funds re-evaluate their start-up portfolios and set more realistic valuations…

– Australian Financial Review, Aug 2, 2022

Early-stage Canva investor backs Fresho in $14m funding round

Fresho, an online platform that lets restaurants order produce directly from suppliers, has raised $14 million, locking in capital to fuel its international expansion before an anticipated drop-off in Australian technology start-up investment…

– Australian Financial Review, May 23, 2022

Young Rich Lister says more founders should take cash off the table

Australia’s first secondary venture capital fund, SecondQuarter Ventures, is close to $100 million in commitments for its second fund, as more early investors and founders look to cash in some of their chips early…

– Australian Financial Review, May 17, 2022

Shippit triples value as Tiger Global and Tidal lead $65m investment

Fast-growing Sydney-based logistics tech start-up Shippit has banked a $65 million cheque from big name US and Australian investors, tripling its valuation in less than 18 months to $300 million…

– Australian Financial Review, May 3, 2022

Tiger Global backs logistics startup Shippit in $65 million Series B top up

Tiger also led Shippit’s $30 million Series B in December 2020. Another existing backer, Tidal Ventures, co-led this round with new investors including Leigh Jasper’s secondary fund, SecondQuarter, and Siteminder co-founder and chairman Mike Ford also chipping in. The raise sees the company’s valuation treble to $300 million since the 2020 round…

– Startup Daily, May 3, 2022

Construction tech startup Buildxact nails $18.5 million Series A

The SaaS (software-as-a-service) tech solution for residential builders is already in the US and Canadian markets and the funds will enable rapid growth in North America, alongside a launch in the UK this week. The raise values the business at $125 million…

– Startup Daily, Feb 2, 2022

Big names back next big hope in property tech

A bevy of the country’s most prominent institutional investors have bought into construction tech company Buildxact, sending its valuation soaring to $125 million…

– Australian Financial Review, Jan 31, 2022

Blackbird targets $1b VC fund; Square Peg, AirTree also ready to raise

Blackbird Ventures is set to lead a record-breaking year of venture capital raisings in 2022, with the VC understood to be planning a $1 billion-plus fifth fund…

– Australian Financial Review, Nov 25, 2021

Tiger Global backs construction tech startup Assignar in $22 million raise

US VC giant Tiger Global led the round with local secondaries fund SecondQuarter Ventures joining in along with existing backers Fifth Wall, and Boston-based HighSage Ventures. Previous investors include Tola Capital and Our Innovation Fund...

– Startup Daily, Nov 9, 2021

Tiger Global places another Aussie bet, this time on Assignar

New York-based global investment company Tiger Global Management is becoming increasingly active in the local start-up scene, this time leading a $US16.5 million secondary round in Assignar…

– Australian Financial Review, Nov 9, 2021

SecondQuarter Ventures closes $51 million for Australia’s first secondary fund

Australia’s first secondary fund, SecondQuarter Ventures, has secured its first $51 million, offering another funding option to startups and a way of releasing wealth for early investors and founders…

– SmartCompany, Mar 23, 2021

Australia’s SecondQuarter Ventures makes final close of secondaries fund at $51m

SecondQuarter Ventures, Australia’s first secondaries fund, has announced the final close of its venture-focused vehicle at $51 million…

– DealStreetAsia, Mar 23, 2021

First secondary VC fund offers founders ‘life-changing’ wealth

Australia’s first secondary venture capital fund, SecondQuarter Ventures, which buys out parts of existing stakes in start-ups, has banked another $21 million for its first fund, as appetite from early investors and founders to realise some of their gains soars…

– Australian Financial Review, Mar 21, 2021