Willed, an Australian startup simplifying the end-of-life planning process behind wills, funerals, and probate, has announced that they have raised $6m in funding. The company plans to expand its team and product range as they solidify its position as Aussies' top "deathtech." The capital raise, led by Bell Potter Securities Limited, enables Willed to focus on scaling their platform to continue addressing every Australian's need to prepare for the inevitable.
Despite economic uncertainty, Melbourne’s pop culture T shirt phenomena, Threadheads, has bucked the trend by setting equity crowdfunding records – with the highest EOIs in Australian history. After only 3 years in business, Ace Reunis and Marcus Siegel clocked up $13.2m in annual sales with Dan Andrew’s infamous ‘Get On The Beers’ being one of their biggest.
Aussie subscription mobility platform, Loopit, announced that it has successfully raised AUD$3.6m in its first external capital raise. The Seed investment round was led by early-stage venture capital Tidal Ventures, with participation from Upswell Ventures and Luxem.
Sidekicker, ANZ's temporary and casual staffing platform that is creating better outcomes for businesses and workers, has secured $20 million in funding from SEEK investments. The funding will be used to accelerate further expansion across Australia and New Zealand (ANZ) as more businesses turn to Sidekicker for staffing support. The funding will also be used toward platform upgrades, providing improved ways for businesses and workers to interact.
Contentsquare, the digital experience analytics firm, announced that it has closed a $600 million growth investment round, including $400 million in Series F equity and $200m in debt financing, bringing total funding to $1.4 billion. The Series F investment is led by Sixth Street Growth, which joins new and existing investors Bpifrance, Canaan, Eurazeo, Highland Europe, KKR, LionTree, SoftBank Vision Fund 2, and funds and accounts managed by BlackRock.
Bloomberg announced a strategic investment in, and a comprehensive commercial collaboration with, London-based Insightful Technology, the owners and operators of the Soteria Integrated Compliance Solution. The deal enables integration between Soteria and Bloomberg Compliance Solutions — which includes leading compliance system Bloomberg Vault among other real-time Bloomberg surveillance systems and preventative controls.
Normative, the carbon accounting engine, has raised €31m in a series B round led by Blume Equity. New investor Horizons Ventures also participated alongside returning investors Future Five and ETF Partners and 2150, who led Normative’s €10m series A round in October 2021.
Toshiba Materials Co., Ltd. announced a major investment in a new manufacturing facility for silicon nitride balls on the same site as its headquarters in Yokohama, Japan. The project has a budget of over 5-billion yen (approximately US$38 million) and is expected to see production start in November 2023. It will increase capacity by 50% against fiscal year 2021.
Flip, the next-gen e-commerce platform combining a TikTok-like discovery experience with a premium e-commerce service, announced a $60m Series B funding round at a valuation of $500m. The funding round was led by WestCap with participation from previous investors Mubadala Capital and Streamlined Ventures, bringing the firm’s total capital raised to $95m.
Lightspeed Venture Partners announced the closing of Lightspeed Venture Partners XIV-A/B, L.P. (Fund XIV) with $1.98bn, Lightspeed Venture Partners Select V, L.P. (Select Fund V) with $2.26bn, and Lightspeed Opportunity Fund II, L.P. (Opportunity Fund II) with $2.36bn of capital. Lightspeed India Partners also closed $500m early stage fund (LSIP Fund IV). Lightspeed’s global and multi-stage strategy supports exceptional entrepreneurs across sectors, in any geography, and at any point in their entrepreneurial journey across twelve global offices and in six countries. Since Lightspeed’s founding, the firm has partnered with more than 500 Enterprise, Consumer, Health and Fintech founders and their companies.