Dynamic Business brings you the key startup fundraising rounds from this week:
Fintech co Till Payments raises $110 million in series C funding round
Till Payments (Till), an Australian payments disruptor, has raised $110 million in private money in its Series C investment round. Till intends to use the capital to develop its local capabilities, expand globally, and continue to innovate cutting-edge technology.
The round’s new and existing investors included Avenir Growth, Woodson Capital, and Akuna Capital from Australia and the United States.
Regal Funds Management, a long-term investor located in Australia, also participated in the round, recognising the success of its past investments.
Zero Co unveils $4.3m crowdfunding campaign
Zero Co, Australia’s eco-business company, has unveiled a $4.3 million crowdfunding effort, urging Australians to support its next phase of growth as it seeks to address the worldwide single-use plastic problem.
New shareholders will join Koala founders Dany Milham and Mitch Taylor, former St George Bank CEO Rob Chapman, Right Click Capital Founder Ari Klinger, and Skip Capital’s Kim Jackson on the company’s board of directors.
After launching Australia’s highest-funded Kickstarter in 2019, Zero Co-founder Mike Smith launched the company in November 2020 to develop a variety of single-use plastic-free, refillable personal-care and home-cleaning goods.
The public has until 10 pm on 18th October to register their interest and get access to Zero Co’s first shareholder offering on 19th October.
Cover Genius hits unicorn status after $100m series C round
Cover Genius, a Sydney-based insurtech company, has raised $100 million in a Series C round. The round was led by the Singapore branch of Japanese insurer Sompo Holdings, which contributed approximately $68 million, and was joined by Silicon Valley venture capital firm G Squared and previous investors.
The funds will be used to grow insuretech’s global insurance distribution network and support new e-commerce, real estate, travel, mobility, auto, B2B, and financial services partners.
Angus McDonald, a former Yahoo executive, and Chris Bayley, a former Google BDM, founded Cover Genius in 2014, initially selling travel insurance before expanding into other coverage.
NZ-founded Joyous raises NZ$15m
Joyous, a New Zealand-based company has raised NZ$15 million in a new fundraising round to rapidly grow its staff and platform for global companies.
Square Peg led the current round of funding, with existing investors AirTree Ventures and Icehouse Ventures also returning for a third round. Mike and Phillip Carden, brothers, established Joyous in 2017.
Joyous will utilise the investment to boost global recruiting across New Zealand, Australia, and the United States this year as it tries to expand its enterprise customer base worldwide.
$1.5m funding for EnergyTech entrepreneurs
Victorian EnergyTech entrepreneurs delivering clean energy solutions will be supported by close to $1.5m in funding from both LaunchVic and private sector energy leaders.
The investment by LaunchVic includes a $250,000 grant to cover the operations of three Startupbootcamp programmes. LaunchVic has announced plans to take an equity share in select for-profit firms as part of its four-year strategy, with any profits reinvested back into the ecosystem.
Energy Australia, NISA, and the Victoria Sustainable Technology Fund will provide an additional $975,000 to the EnergyTech initiative in order to accelerate the country’s clean energy transition.
MoneyMe secures $50m funding from Pacific Equity Partners
MoneyMe has signed a strategic funding collaboration with Pacific Equity Partners, a major Australian investment business (PEP).
MoneyMe has received an initial $50 million financial commitment under the terms of the partnership using a four-year secured hybrid funding instrument specified under a Syndicated Facility Agreement. The new money will be used to accelerate growth throughout MoneyMe’s product portfolio.
Keep up to date with our stories on LinkedIn, Twitter, Facebook and Instagram.
