Funding roundup August 15 – August 19: Outfund, HiBob and more 

Dynamic Business brings you the key startup fundraising from this week:

Outfund (series A)

How much: $200 million

Participants: Led by Force Over Mass, PostFinance, 1818 Venture Capital and Tribe Capital.

Outfund is a revenue-based finance provider. It will use the funds to offer enlarged lending rounds to more small to medium-sized enterprises (SMEs), with a commitment to lend £500 million ($AU870 million) to e-commerce and subscription-based businesses across the globe, including Australia, over the next 12 months.


How much: $214 million

Participants: Led by General Atlantic, and with participation from Bessemer Venture Partners and other insiders.

Series D followed HiBob’s $150 million series C 10 months ago. HiBob is now valued at $2.45 billion. Series D was led by global growth investor General Atlantic, with participation from Bessemer Venture Partners and other existing investors.

The newest angel networks are Cut Through Angels, Climate Angel Network and Playbook Angel Network; each will receive grants of up to $300,000.

How much: $7.5 million 

Participants: Led by OIF Ventures and Jelix Ventures in the first raise for the Brisbane fintech after five years of bootstrapping.

Biza helps banks, financial institutions, energy retailers and others in the CDR space with Software-as-a-Service solutions for both data holders and recipients.


How much: NZ$3.9 million

Supie opened its latest funding round in June through Snowball Effect. Snowball Effect is New Zealand’s leading online investment marketplace and helps high-growth Kiwi companies raise capital from private investors, family offices and the public.

Angel investment groups help Victorian startups grow

Three new angel investor networks backed by the Andrews Labor Government through LaunchVic are set to unlock as much as $9 million in the early-stage capital market over the next two years. 

Minister for Innovation, Medical Research and the Digital Economy Jaala Pulford announced $900,000 in grants from the Labor Government’s agency LaunchVic overnight while at the Victorian Startup Ecosystem Gala. The grants will help the angel groups to establish operations in Victoria and invest in more than 40 up-and-coming local startups.

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