Two $B M&A deals in 2 weeks, both Melbourne-founded startups
  1. MessageMedia is being acquired by Swedish company Sinch for $1.7b
  2. A Cloud Guru is being sold to Utah-based workforce development company Pluralsight, in a deal worth more than AU$2 billion
NZ M&A is on fire too
  • Auckland-based ezyVet has been sold to Nasdaq-listed pet company IDEXX Laboratories
  • Timely (founded in 2011 out of Dunedin) is being sold to EverCommerce for NZ$100m+
  • This follows 2 NZ M&A deals from March (Vend for US$350m and Seequent by NASDAQ-listed Bentley Systems for US$1.05b)
AU startups raised $750m from VCs in 6 weeks
  • Commonwealth Bank invested $30m in online shopping site Little Birdie and $20m in electricity retailer Amber
  • mx51 (spun out from Assembly Payments) raised $25m led by Acorn Capital, Artesian, Commencer Capital and Mastercard
  • Athena Home Loans raised $90m led by Square Peg
  • SafetyCulture raised US$73m led by Insight Partners

Author Tobi Skovron

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