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Mobile well-being apps were on track to top a billion downloads last year, while leading meditation app Calm alone pulled in $118.2 million in revenue, data from Sensor Tower indicates. That may leave some to believe the digital well-being market is essentially solved, but a new startup, Lumi Inter…

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Melbourne-based edtech startup Vivi raises $20M to accelerate overseas expansion in race to reach 1M classrooms

Australian edtech startup Vivi has raised $20 million from education investor Quad Partners, funds that it intends to use to improve its platform, upgrade its operational infrastructure and hire more sales and marketing teams in the Americas, Europe and Asia. This latest round sees Vivi reach $24.3…

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Airwallex raises $100M at a $5.5B valuation to expand its business banking and payments platform globally

E-commerce and other online businesses are becoming increasingly global in their operations and customer bases, and a startup called Airwallex — which has built a banking solution that addresses the opportunity to provide cross-border financial services — has been seeing a massive surge…

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Airwallex raises $200M at a $4B valuation to double down on business banking

Business, now more than ever before, is going digital, and today a startup that’s building a vertically integrated solution to meet business banking needs is announcing a big round of funding to tap into the opportunity. Airwallex — which provides business banking services directly to b…

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Dixa acquires Elevio, the ‘knowledge management’ platform helping brands improve customer support

Dixa, the Danish customer support platform promising more personalised customer support, has acquired Melbourne-based “knowledge management” SaaS Elevio to bolster its product and technology offerings. The deal is said to be worth around $15 million, in a combination of cash and Dixa sh…

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Customer engagement platform Dixa raises $105M Series C led by General Atlantic

European customer engagement platform Dixa has raised a Series C funding round of $105 million, led by growth equity investor General Atlantic. Existing investors Notion Capital, Project A and Seed Capital also participated. In February last year, it raised $36 million in Series B funding, led by N…

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Australian fintech Zeller lands $50M AUD led by Spark Capital at a $400M AUD valuation

Zeller, a Melbourne-based fintech founded by former Square executives to serve small- to mid-sized businesses, has raised $50 million AUD (about $37.5 million USD) led by Spark Capital, the investment firm whose portfolio also includes Twitter, Slack and Coinbase. Zeller’s valuation is now $4…

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Fashion wholesale marketplace JOOR opens China office

JOOR, an online marketplace that connects fashion brands and retailers around the world, has opened its first China office in downtown Shanghai as it eyes growth in the region. The 11-year-old New York-based company works as a virtual showroom for brands, which traditionally would meet with their r…

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Without a clear ask, your pitch deck is useless

Having a great "ask" slide can reassure investors: It shows a founder wants to raise an amount of money that unlocks the next stage of growth and knows what milestones they need to hit to get there.

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Equity crowdfunding appears immune to market volatility, on track for its best year yet

With the fundraising climate now showing cloudy skies, equity crowdfunding is getting ready for a field day.

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