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Funding roundup February 7 – February 11: GoCardless joins tech unicorns as it secures $437m, All G Foods secures funding from Woolworths Group’s W23, and Kepler Analytics lands a $22m Series B raise

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

Reejig investors double down to close a $21m funding raise

Workforce intelligence scale-up Reejig has more than doubled its raise with a $15 million series A top-up. This boosts the initial investment to $21 million and reflects the company’s rapid growth and global success.

In October, Reejig secured $6 million in Series A funding, led by Skip Capital, headed by Kim Jackson and her husband Atlassian co-founder Scott Farquhar, as well as Airtree Ventures, and Greta Bradman & Culture Amp’s Didier Elzinga. Now, only four months later, most initial investors have decided to nearly triple their initial investment.

Alongside AirTree Ventures, the additional funds came from investment firm Skip Capital, headed by Kim Jackson and her husband Atlassian co-founder Scott Farquhar; Greta Bradman & CEO and founder of Culture Amp Didier Elzinga. The Series A round of funding follows Reejig’s initial seed funding of $2.2 million in 2020.

Alternative protein startup, All G Foods, secures funding from Woolworths Group’s W23 to build on a $16m seed raise

Australian owned and made alternative protein startup, All G foods, has secured a further multi-million injection of capital through Woolworths Group’s venture capital and growth fund, W23.

The investment builds on the $16m seed capital secured in September, with the Government-backed Clean Energy Finance Corporation (CEFC), Ellerston Capital, Singapore based PE firm Triple Star Capital, founders of Our Innovation fund David Shein and Geoff Levi, Monash Capital, and Peter Andrews, CEO of Andrews Meats.

VentureCrowd raises $10 million in Series A funding

Australia’s leading digital investment platform for alternative assets, VentureCrowd, has raised $10 million in a Series A round from new and existing investors; $ 6.6 million of the round was raised by existing investors, with $3.9 million raised from new investors through the VentureCrowd platform. 

The equity crowdfunding platform, which aims to democratise investment into alternative assets and facilitate access for the next generation of Millennial and Gen Z investors into purpose-driven projects, has raised over $180 million for a wide range of companies since its inception.

VentureCrowd will use the war chest to further develop its technology platform, scale its retail product offering (in venture capital, property, private credit and funds) and expand into Southeast Asia by opening an office in Singapore in 2022.

Forcite hits full throttle with a $6 million raise from Series A and equity crowdfunding 

Sydney based motorcycle technology startup Forcite is on target to raise a total of $6million. Forcite has achieved this from a Series A funding round led by Uniseed through new and existing shareholders to power the development of the next generation of Forcite motorcycle technology and accelerate global expansion. This has raised $4.6 million via Series A Preference Shares placement.

To complement Series A, Forcite opened an Equity crowdfunding campaign through Equitise to provide customers, followers and early adopters with an opportunity to invest. $920,000 has been raised via the Equitise campaign, additional to the Series A and with one week to go until it closes on February 15.

Kepler Analytics lands $22m Series B capital raise led by OneVentures

Retail analytics SaaS platform Kepler Analytics has announced a new $22m (USD$15.5m) Series B funding round. Sydney-based OneVentures led the capital raise through its 1V Growth Fund V, with Whiteoak, Taronga Ventures, and Shearwater Capital participation. Existing investors, Reinventure and InterValley Ventures also participated.

Enboarder Raises US $32 Million in Series B Funding to Expand People Activation Platform

Enboarder, People Activation Platform enabling companies to transform their people programs into simple, science-based, human-centric journeys, said that it has raised US$32 million in Series B funding, bringing its total investment to US $50 million. 

The round was led by NewSpring, with participation from previous investors, Greycroft and Next Coast Ventures, and new investors Golub Capital, Escalate Capital Partner, Alumni Ventures and Gaingels. 

Enboarder will use the new funds to double down on international growth. With plans to double its headcount over the next year, Enboarder will also use its new capital to invest in additional infrastructure and systems to further accelerate its global growth and expansion.

GoCardless joins tech unicorns as it secures $437 million

GoCardless, a fintech indirect bank payment solution, announced that it had secured a Series G funding round of $437 million (USD $312 million), making it the latest European and UK tech unicorn at a valuation of $2.9 billion.

The investment is led by Permira’s Growth Opportunities fund, which brings significant experience in backing best-in-class payments and financial software businesses, including Klarna, Clearwater Analytics and Carta. New investor BlackRock Private Equity Partners also joined the round. 

In Australia, GoCardless is committed to having its platform ready for the regulated launch of PayTo in the middle of 2022

The funding will allow GoCardless to accelerate its growing footprint in the open banking space through product and geographical expansion. It targets becoming the world’s leading network for direct bank payments. 

Slyp raises $25m to fuel product innovation and drive retailer growth

Slyp, the Australian fintech putting an end to paper receipts, has completed a $25m Series A fundraising, supported by new investors – advisory and investments firm Sayers Group, alongside backing from existing major bank investors. Off the back of the raise, additional products and features will be expedited, with Slyp announcing payment linked loyalty will be on the roadmap for 2022.

The funds will accelerate Slyp to ramp up product innovation and deliver customer-centric products developed with banking, point of sale and retail partners. 

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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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