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Funding round

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Markus Winkler on Unsplash

Here’s a recap of recent funding developments from Australia and beyond.

Databricks raises series I investment at $43b valuation 

Databricks has secured over $500 million in Series I funding, catapulting the company’s valuation to $43 billion, with shares priced at $73.50. The funding round is led by T. Rowe Price Associates, Inc., and features participation from existing investors like Andreessen Horowitz, Baillie Gifford, ClearBridge Investments, Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, Franklin Templeton, GIC, Octahedron Capital, and Tiger Global, as well as newcomers Capital One Ventures, Ontario Teachers’ Pension Plan, and NVIDIA.

Zero Carbon Ventures closes US $5 million seed investment

Zero Carbon Ventures has successfully concluded its seed investment round, coinciding with the appointment of His Highness Sheikh Ahmed bin Mana bin Khalifa Al Maktoum as a strategic investor and chairman of the board of directors. The company is dedicated to bringing carbon-reducing technologies to the Middle East and North Africa region.

Melbourne-based fintech tikpay secures AU$1.6 million

Australian fintech startup tikpay has secured AU$1.6 million in a Pre-Seed funding round to launch its innovative account-based ticketing (ABT) and payments platform, aiming to disrupt traditional transport ticketing models. The round was led by AfterWork Ventures and Black Nova VC, with participation from Investible, Func Ventures, Metagrove Ventures, and two industry insiders.

Galvanize Climate Solutions closes over $1 billion for First Venture and Growth Equity Fund 

Galvanize Climate Solutions has successfully closed its Innovation + Expansion Fund at over $1 billion, making it one of the largest climate venture funds raised to date. The fund garnered commitments from a diverse group of institutional investors, including endowments, foundations, and family offices.

Global Sisters secures $1m+ in funding

Global Sisters has introduced a program offering three years of free and tailored business support to solo mums receiving government payments, with the aim of helping them thrive in business and achieve financial independence. The AMP Foundation has contributed over $1 million to support women who face structural and systemic barriers to economic participation.

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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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