Biggest stories from February 2023 to August 2023

Market is challenging for Founders and Investors.

  • New funds – CSIRO-linked Main Sequence VC raised $450m
  • Possible Ventures raised half of their target $100m
  • OIF Ventures raised $55m for opportunity fund
  • Side Stage Ventures raised the first $15 million of a new $30 million fund
  • Supposedly 9 funds trying to raise from LPs currently Startups funded
  • Mining Tech startup Plotlogic raised $43m
  • HealthTech Eucalyptus raised $50m
  • DroneTech Propeller raised $22m

Pre-seed/seed stage investments Startup exits

  • Rezdy sold to PE for over $100m
  • MyProsperity acquired for $50m Startups dying
  • Delivery startups like Milkrun are gone
  • Celebrity chef’s tech firm Providoor collapsed IPO window closed \

Chatter is happening and secondaries are alive 

  • SafetyCulture hits $2.7b valuation, plans $500m share sale
  • ROKT preparing for 2024 IPO
  • Blackbird completed a $150m (3%) sell down of Canva stock with talk of an IPO on the horizon …

In other news

  • Canva named #1 Best Workplace for Innovators by Fast Company
  • X vs Meta (fka Twitter vs Facebook)
  • Meta launched Threads
  • Twitter rebranded to X and appointed CEO Linda Yaccarino
  • Cage, Octogon or Italy fight on the cards in Musk vs Zuck
  • New docuseries on Apple TV and Google Play – Explores the origins and challenges of some of Australia’s biggest start-ups including Canva, SafetyCulture, Finder, and Brighte.

Connect with Gav from Ignition LaneLean More About Ignition Lane

Author Tobi Skovron

More posts by Tobi Skovron

Leave a Reply