Friday, July 1, 2022

Behind Birchal’s second fastest CSF equity raise in Australian history

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On the back of the robust quarterly report card for the CSF industry, Birchal has set its own record in the past 24 hours for its equity raise. The raise was the second fastest to reach $3m from opening to EOIs to date, achieving the target in just one hour and three minutes. This was just behind ZeroCo’s 47 minutes to reach the same amount, on its way to $5m in less than seven hours, still Australia’s biggest CSF campaign, hosted by Birchal last year.

VentureCrowd raises $1.42 million for meat subscription startup within hours

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Online meat delivery service ‘Our Cow’ a brainchild of farmers Bianca Tarrant and David McGiveron following devastating bushfires and floods at their northern NSW property, is preparing for expansion with the launch of a $3m crowdfunding campaign. Our Cow is using VentureCrowd to raise equity to continue the company’s extraordinary growth trajectory.

Directo receives $2.3m to scale the first Aussie online B2B marketplace

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Directo is set to scale the first online B2B marketplace for the pharmacy sector in Australia through a $2.3m capital injection from technology investors including Investible. The networked two-sided online marketplace is built on Directo’s proprietary enterprise tech platform that  is configured for, and integrates into, pharmacy enterprise solutions. It transforms the management and interactions of the supply chain for over 500 pharmacies by connecting them with more than 80 suppliers and wholesalers on about 30,000 products. 

Funding.com.au secures $37.5m in capital raise with MA Financial Group

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Online mortgage marketplace, Funding.com.au has concluded a debt and equity raise of $37.5m, securing a fund managed by ASX-listed MA Financial Group Limited (MA Financial) as its first institutional debt investor alongside EVP, its anchor venture capital investor. The senior debt facility, provided by a fund managed by MA Financial, will be used to diversify Funding’s capital base, enabling the business to scale its short-term mortgage finance operations. Funding’s core business as a digital-only non-bank lender is short-term mortgages. It specialises in bridging finance, business lending and construction funding.

Rattle raises $26m to revolutionize the way modern revenue teams work

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Rattle, the SaaS company in revenue orchestration, announced $26 million in Series A funding led by New York-based global venture capital and private equity firm Insight Partners with participation from GV and existing investors Sequoia & Lightspeed. Rattle previously raised $2.8 million in seed funding less than a year ago, bringing the total raised to date to $28.8 million. Sitting at the forefront of an organizational shift in how modern revenue teams operate, Rattle intends to use the funding to continue growing its go-to-market teams and expand the platform ecosystem, all while still continuing the promise of building a no-code easy-to-use platform.

Fundamental Labs participates in Binance.US $200m seed round

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Fundamental Labs, an active Web 3 and digital asset focused venture capital firms, announced a US$20m placement in Binance.US, one of the largest digital asset exchanges by trading volume in the United States and ranks among the top exchanges by volume globally.

Improbable gets $150m to create M², a metaverse network and ecosystem

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Improbable, the UK-based metaverse technology company, announced that it has raised US$150 million in funding to establish and develop M² (MSquared), a network of interoperable Web3 metaverses powered by its Morpheus technology. The global metaverse revenue opportunity is expected to be worth $800bn by 2024, according to Bloomberg Intelligence, and has seen heavy investment in recent months.

Web3 security firm CertiK doubles valuation to $2 billion in 3 months

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CertiK, a global Web3 and blockchain security firm headquartered in New York, announced the completion of an oversubscribed $88m Series B3 financing round. This investment is led by Insight Partners, Tiger Global, and Advent International, with participation from Goldman Sachs and existing investors such as Sequoia and Lightspeed Venture Partners. This latest funding now brings CertiK’s valuation to $2 billion in just 3 months since its last round of funding. This is the fourth round of capital raised by CertiK in the past nine months, altogether totaling $230 million. Blockchain security continues to see strong demand, which has led to substantial growth at CertiK as the leader in the category.

Proptech innovator CalTier Realty launches $5m crowdfunding raise

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CalTier Realty, a proptech company aiming to provide investors with the chance to build wealth with real estate investment openings, has launched its $5m Reg CF investment raise. The disruptive fintech investment platform from CalTier Realty provides offerings for real estate funds to over 5,000 users and unparalleled access to commercial real estate investment regardless of investor experience or starting wealth level.

Fidel API raises $65m to enable the future of programmable money

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Fidel API, a global financial infrastructure platform, announced it has raised $65m in Series B funding. The round was led by Bain Capital Ventures, with participation from investors NYCA Partners, QED Investors and more. It brings Fidel API’s total funding to $88m since inception. Fidel API enables developers to create programmable experiences that enhance the value of using and accepting payment cards.