Wednesday, July 6, 2022

Avaya announces $600 million aggregate financing commitments

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Avaya Holdings Corp. (NYSE: AVYA) announced $600 million in aggregate financing commitments. The Company priced $350 million in aggregate principal amount of new Senior Secured Term Loans and entered into agreements for the private placement of $250 million in aggregate principal amount of Exchangeable Senior Secured Notes, all due in 2027.

Cloutly closes $500,000 pre-seed funding to revamp customer reviews

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Gold Coast based tech startup Cloutly is building its footprint after raising a $500K pre-seed round of funding, led by Unify Ventures with participation from Palm Beach Ventures (PBV). Cloutly co-Founders Lachlan Fea and Joshua Heslin are excited to welcome a star-studded cast of new investors and heavyweight advisors along for the ride, including Alex Retzlaff of Unify Ventures, Mike van der Heijden of Portal Ventures, Jason Atkins of Cake Equity, PBV, George Hartley of Bluethumb, Smartrmail and Chad Stephens of 1Form, Fillr.

Firmware supply chain company Binarly raises $3.6m seed funding

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Binarly Inc., a cybersecurity firm building tech to address security issues, announced $3.6m in seed funding from WestWave Capital and Acrobator Ventures. Cybersecurity leaders Michael Sutton, Thomas 'Halvar Flake' Dullien, Jamie Butler, Ryan Permeh, Bryson Bort, Pedram Amini, Chris Ueland and David Mandel from Emerging Ventures also joined as investors.

Electric vehicle firm NWTN to obtain another $200 million PIPE investment

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On April 15, 2022, East Stone Acquisition Corporation, a British Virgin Island business company (East Stone), entered into a Business Combination Agreement providing for the business combination of East Stone and ICONIQ Holding Limited under a new holding company named NWTN Inc., a Cayman Islands company ( Pubco or NWTN). The transaction represents a pre-combination valuation of $2.5bn ($2,500,000,000) for NWTN upon closing.

Food waste startup Good & Fugly launches crowdfunding campaign

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Good & Fugly, the Sydney startup rescuing (f)ugly, but fresh produce and delivering it directly to consumers' doors, is launching an equity crowdfunding campaign to help scale and amplify its mission to tackle Australia’s food waste epidemic. The fundraising campaign launches through Birchal on July 11th, with Expression of Interest (EOI) kicking off on June 21st.

Australian outdoor start-up Tactica set for first equity crowdfunding campaign

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Aussie outdoor and adventure brand, Tactica, is set to launch its first equity crowdfunding campaign after years of success. After increasing revenue by 100% between 2021 and 2022, the multi-award winning NSW North Coast based product designer is launching its campaign via Birchal on June 28, with expressions of interest having opened June 7. 

Community-owned Web3 accelerator to share profit with alumni & mentors

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Collective Campus, Australian innovation consultancy and startup accelerator, is spinning off Metarise - a $10m web3 venture fund and community-owned web3 startup accelerator. Only 0.1% (30,000) of the 30 million software developers across the globe are active in web3, with similar patterns across design and marketing professionals. This has prompted various web3 networks and protocols to announce over US$9 billion worth of ecosystem development funds in the 12 months to May 2022, including Avalanche ($200 million), Harmony ($300 million), Algorand ($500 million), and TRON’s $1,111,111 ecosystem fund. 

True Global Ventures announces the closure of its $146m Follow On Fund

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True Global Ventures 4 Plus (TGV4 Plus) Fund announces its first closure of its US$146m Follow On Fund. The TGV4 Plus Follow On Fund has a group of 15 General Partners (GP), who lead the fund and its Investment Committee, putting in more than US$62m of their money into the fund. This is a total GP commitment of over 40% of the total fund size and over US$4m per GP on average. The first capital call of the fund has been fully paid in.

HKSTP and BIVF team up to launch strategic co-Incubation programme

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Hong Kong Science and Technology Parks Corporation (HKSTP) is partnering research-driven biopharmaceutical firm, Boehringer Ingelheim Venture Fund Limited (BIVF) in a strategic co-incubation collaboration to nurture startups on R&D for infectious diseases and immunology.

EcoVadis secures $500m investment led by Astorg and BeyondNetZero

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EcoVadis, the provider of globally trusted business sustainability ratings, has raised $500 million with plans to accelerate its vision of influencing every business decision within the organisation with sustainability intelligence, becoming a sustainability impact unicorn.