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Funding roundup December 13 – December 17: Rokt sets record with $458m raise, Skalata Ventures welcomes 13 startups to its early-stage portfolio and VOLY raises $18m in seed round

Dynamic Business brings you the key startup fundraising rounds from this week:

Haventec raises $11m in funding and launches US expansion

Haventec, a Sydney-based cyber security company, has raised $11 million in funding and commenced expansion into the US market in response to high demand for their passwordless authentication and data storage solutions. 

The financing was led by Macquarie Group and Future Now Capital, and will mainly fund Haventec’s growth plans in the financial services, government, and health sectors that handle sensitive data. 

Inventia Life Science secures AU$35 million Series B Led by Blackbird Ventures

Inventia Life Science, a biotech company, announced the completion of a $35 million Series B investment round led by Blackbird Ventures. Inventia plans to use the cash to expand its staff from 36 to 150 personnel by the end of 2024.

Rokt sets record with $458m raising

Rokt, Bruce Buchanan’s e-commerce marketing technology company, has raised $458 million at a valuation of $2.75 billion, breaking the record for the largest venture capital raising in Australian history. 

Rokt now has the country’s third-highest valuation for a private tech company, surpassing the $350 million raised last month by Queensland-based job and project management software company simPRO.

DiviPay raises $20 million Series A 

DiviPay, a Sydney-based start-up that provides all-in-one spend management for small-to-medium-sized enterprises, has raised $20 million in Series A funding. 

The round was led by an unnamed global fintech-focused growth equity investor, while Global Founders Capital and Rapyd Ventures also participated. 

The round also includes famous founders like Raffael Johnen of Auxmoney, the largest credit marketplace in continental Europe, and Guy Pearson of Practice Ignition, a Tiger Global-backed accounting and client interaction platform. 

The Series A funding will be utilised to expand DiviPay into new international markets and to expand DiviPay’s complete product offering. 

Skalata Ventures welcomes 13 new companies to its early-stage portfolio

Skalata Ventures, a venture capital firm, announced its latest round of early-stage company investments, following the launch of the fourth iteration of its leading Seed Investment Program. 

Skalata Ventures’ total portfolio has grown to 43 companies since its launch in 2018 with the support of Australian entrepreneurs Paul Little AO and Darrell Wade. 

Dedicated coaches will work with the early-stage companies over the next five months to sharpen their product offering and build a growth engine. 

Skalata has increased its total potential investment in each participating company to $1 million this year.

Tradeplus24 restructures $25m in debt to underpin a $100m growth debt facility

Tradeplus24, a global SME lending fintech, has restructured $25 million of its existing debt facilities to support the execution of a material debt transaction worth more than $100 million and reduce its cost of funding by 4 per cent. 

This will allow it to offer SMEs lines of credit at comparable rates to lenders who require residential property as collateral, ensuring that many more Australian business owners’ family homes will not be put at risk. 

VOLY raises $18m in a seed round led by Sequoia Capital India

VOLY, Australia’s instant online grocery supermarket, has raised AU$18 million in seed round, led by Sequoia Capital India, with additional funding from Global Founders Capital (GFC) and Australian-based Artesian Capital. 

The funds will allow VOLY to continue scaling, expand the team, rapidly expand operations across key urban centres, and begin the national rollout. 

Terem Technologies secures $3m of fresh capital 

Terem Technologies, a leading technology consulting firm, has completed a $3 million capital raise as the first step in an ambitious plan to lay the groundwork for several multimillion-dollar acquisitions over the next two years. 

Specialist Sydney-based investment firm Parc Capital contributed the entire source of funds in this raise.

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Yajush Gupta

Yajush Gupta

Yajush is a journalist at Dynamic Business. He previously worked with Reuters as a business correspondent and holds a postgrad degree in print journalism.

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