A snapshot into some of the big startup and venture stories last month:
The big get bigger
- Atlassian crossed US$500 million in quarterly revenue
- Amazon’s Australian revenue doubled during 2020 to surpass $1.2 billion
- Canva’s making acquisitions – acquired two European startups (we have seen Safety Culture and other startups making acquisitions too)
People movers
- Jeff Bezos is stepping down from his role as CEO of Amazon leaving the business in the hands of AWS boss Andy Jassy
- Former AWS ANZ boss Paul Migliorini has joined Our Innovation Fund
- Ex-Vend CEO Alex Fala has become the CEO at Syft
- Andrew Bassat is stepping down from his role as SEEK’s CEO after co-founding and leading the business for 23 years.
- Former Commbank boss Ian Narev is taking over the reigns
Biggest raises of the month
- Fast raised US$102 million, led by Stripe and Lee Fixel’s (former Tiger Global investor) Addition
- Trade Ledger raised $24 million from US and UK VC
- Lexer raised $33.5m led by Blackbird and King River Capital
- Employment Hero reportedly raised A$45m from SEEK, Airtree and OneVentures
Exits
- Intuit acquired TradeGecko and OneSaaS
- BikeExchange IPOd (Airtasker, Vinomofo, Madpaws and more on the way)
- Elevio has been acquired by Danish customer support platform,
- Dixa SPACs are hunting down under – Patrick Grove leading one
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