Yesterday
Farmers’ software start-up raises $11m with profitability promise
The Funded blog is the home for news on the tech deals that are done in Australia, as soon as we hear about them.
- Updated
- Paul Smith
Eyes on NexGen; Canadian shares plunge on dilutive deal
The dual-listed stock sunk 12.33 per cent overnight on the Toronto stock exchange. All eyes are on how it trades at the ASX open.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Concussion medtech start-up kicks off raise for US expansion
Headsafe hoping to break into the United States healthcare market with its NuroCHEK device, hitting up early-stage investors for $5 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Lowy-backed Assembly names new chief investment officer
The real estate investment firm has elevated former Invesco head of acquisitions Tim Meurer to head up its investment strategy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Geoff Wilson buys 6pc of Australian Unity Office Fund; Bells on ticket
WAR paid $1.20 a share, a small discount to the traded price but circa 30 per cent lower than the NTA.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Financy in cash call for workplace equality SaaS platform
Its clients, according to the flyer, include Bega, Netwealth, NGS Super, SG Hiscock & Company and NSW Land Registry Services.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Ellerston-backed video platform draws in big-name investor
The investment from Melbourne emerging companies specialist Acorn Capital takes the total funds raised by Genero to $15 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
CommBank to refi PE-backed logistics giant; Daimler, IFM tip into debt
The new loan comes four years after Allegro Funds, led by deal maker Adrian Loader, paid less than $10 million to acquire Team Global Express.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Quadrant crows about $500m Canva investment
The deal was led by Quadrant’s Victor Ha and Louis Casey and represents the firm’s single biggest investment.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Deutsche Bank veteran exits after spearheading a five-year restructure
Hugh Macdonald has led the European bank’s investment banking arm since 2020.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Fifth Estate backs Airbnb property manager Hometime; kicks off debt raise
Hometime, which is backed by NAB Ventures and ASI Growth, has raised $10 million in a funding round led by Dane Roberts’ Fifth Estate.
- Sarah Thompson, Kanika Sood and Emma Rapaport
April
Start-up lender Kashcade perks up for new deals with $23m raise
The proceeds are earmarked for Kashcade’s push into research and development lending, which allows start-ups to borrow funds against future R&D Tax Incentive refunds.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Woolworths launches $468m selldown in Endeavour; Jarden on ticket
It’s not the first time Woolworths has offloaded Endeavour Group stock since the grocer spun it off to the ASX boards.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Ioneer taps Goldman Sachs for $38m raise; US funds to cornerstone
Terms sent to fund managers say Ioneer would offer shares at 18¢ apiece, the same as its last traded price.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Metrics Income Opportunities Trust hires six brokers for raise
The broker syndicate included Taylor Collison, Morgan’s, Ord Minnett, Wilsons, E&P and Canaccord Genuity.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Another scalp for Jefferies Australia as Goldman trader jumps ship
Allott and Piercy both worked under Goldman’s former head of equities, Mario Argyrides, who quit just over a week ago.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Metro Mining chases $44m to restructure its debt
The deal was priced at 4.1¢ a share which represents an 11 per cent discount to the last close.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Worley block trade priced at $14.35 a share; Dar cashes out $1.4b
It’s the biggest block trade since Royal Dutch Shell sold $1.2 billion worth of Woodside Petroleum in 2017 to clean out its position.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Worley’s long-time agitator Dar Group launches $1.4b block trade
It’s the biggest block trade to cross Street Talk’s desk since Vitol sold $714 million worth of Viva Energy shares in September.
- Sarah Thompson, Kanika Sood and Emma Rapaport
West African gold play Turaco Gold launches $16m raise
Street Talk understands the $108 million company has called in lead manager and bookrunner Argonaut to round up fresh funds for its West African operations.
- Sarah Thompson, Kanika Sood and Emma Rapaport
