Friday, July 1, 2022

Australia Post lends a hand of support to 356 Aussie community groups

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Australia Post announced grants of up to $1,000 each to support 356 community groups, celebrating local community connections. The community groups will share $350,000 for projects like community gardens, arts and crafts workshops, and volunteer training, after being nominated by their local postie, Post Office worker or Australia Post team member. 

Dutch BNPL fintech in3 raises $85.3 million in series B funding round

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in3, a Dutch Buy Now Pay Later (BNPL) fintech announced a $85.3 million Series B funding round from the British VC Force over Mass, U.S. institutional asset manager Waterfall Asset Management LLC and Dutch investor Finch Capital. Launched in 2018, in3 gives consumers the option to pay in three instalments without interest or other hidden costs levied. Current customers include Kwik Fit, EP, La Souris, Matt sleeps, Dekbed-Discounter among others. The news follows their $11.1m series A round just two months ago in March 2022 and takes the total funding raised to $96.4m. BNPL is a popular form of short-term financing.

Velocity Global raises $400 million in Series B led by Eldridge and Norwest

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Velocity Global, a provider of global talent solutions, announced that it raised $400m in Series B funding round, increasing the company’s valuation seven-fold since the same time last year. This second round of funding is led by Eldridge and Norwest Venture Partners which join Series A investor FFL Partners on Velocity Global’s board to lend their deep expertise in the areas of technology, future of work and global scale. The company retains majority ownership and founder Ben Wright continues as CEO and chair of the board of directors.

Aerologix completes funding round led by Ellerston and Nightingale

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Aussie drone tech company, Aerologix, has completed a $4.2m funding round led by Ellerston Capital and Lindsay Phillips' Nightingale Partners who followed on from their earlier pre-seed funding round. Aerologix will use the capital to invest in additional research and development, bolstering its commercial team and supporting the company’s expansion internationally. 

NFT marketplace Serenade launches $6m fundraise and expansion plans

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Serenade, the eco-friendly music NFT marketplace whose mission is to support artists by creating new revenue streams from unique fan experiences, has announced new investment and plans to expand its global operations following a breakthrough first six months. The firm has revealed a new $6 million (Aus) fundraise that will further fund and help grow its artist and partner roster across the United Kingdom and Australia, as well as in the United States, where the company will be entering the market and launching a dedicated office.

TransferMate secures $70m funding to further innovation in B2B payments

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TransferMate, the provider of B2B payments infrastructure as-a-service, announced a $70m funding round bringing the company to a valuation of $1bn and $130m of total funding. Railpen, one of the largest UK pension funds, managing £37 billion, participated in the round. TransferMate has grown its global licensing infrastructure and banking network to be one of the widest in the industry and has been chosen as the partner of choice to power B2B payments products for some of the largest software platforms, innovative banks and Fintechs in the world. This funding round which consists entirely of primary capital will be used to expand its teams globally and further invest in its technology innovation and product suite.

Thought Machine closes $160 million Series D funding led by Temasek

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Thought Machine, the cloud native banking tech firm, announces it has closed its series D funding round, led by Temasek, the global investment company headquartered in Singapore, with participation from Intesa Sanpaolo and Morgan Stanley. Existing investors following-on in this round include: Eurazeo, ING, JPMorgan Chase, Lloyds Banking Group, and SEB.

Chainalysis raises new funding to double its valuation to $8.6 billion

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Chainalysis, the blockchain data platform, announced a $170 million Series F financing led by GIC, Singapore's sovereign wealth fund, bringing its valuation to $8.6 billion. Previous investors Accel, Blackstone, Dragoneer, and FundersClub increased their investment in the company, and the Bank of New York Mellon and Emergence Capital also participated.

EG seeks to lift the Proptech market, launches $100 million incubator EGX

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Managed property fund EG announced the launch of EGX, a technology incubator aimed at helping build the future of the property and real estate industry across ANZ and globally. Initiated in 2021, EGX already holds a portfolio investment of AUD $100m and is supporting three innovative and high growth firms spanning a wide range of growth areas in the Proptech market like digital twins, data analytics and intelligence, sustainability, and more.

Blinq raises $5m to build simple, shareable identities for anyone

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Blinq, a fast-growing startup based in Melbourne, has raised AUD$5m from Blackbird and Square Peg Capital to revolutionise how experts share details and manage relationships. Blinq lets you share a snapshot of your professional identity, make great first impressions. Blinq replaces business cards and static contact apps with a live profile that can be shared with anyone via QR code, NFC card, short link, email signature or even video call background.