<article>Spotlight Reporting has closed a $5 million Series A and Proxy has closed a $1.6 million seed investment.</article>

Spotlight Reporting has closed a $5 million Series A and Proxy has closed a $1.6 million seed investment.
<h3 style="text-align: justify;">Spotlight Reporting closes $5m Series A</h3>
Wellington-based cloud software firm <a style="color: #000080;" href="https://www.spotlightreporting.com/" rel="nofollow" data-ct="3962a99c75729693974702c43d94563d">Spotlight Reporting</a>, has secured $5 million in Series A funding in a round involving <a style="color: #000080;" href="http://www.globaldayone.com/" rel="nofollow" data-ct="4ba876d58a57e93a9999145eea2d7614">Global from Day One</a> (GD1) — a VC fund formed by Auckland-based <a style="color: #000080;" href="http://www.dealstreetasia.com/tag/sparkbox-ventures/" target="_blank">Sparkbox Ventures</a> and Taipei-based VC firm <a style="color: #000080;" href="http://www.dealstreetasia.com/tag/Pinehurst-Advisors/" target="_blank">Pinehurst Advisors</a>.
GD1 is a cross-border technology-focused fund with the majority of capital to be invested in New Zealand and Taiwanese startups with a focus on the US and Asian markets. It was started in January 2016 and raised $26 million for its second second fund on May 2016. The fund is targeting investments in software, Internet and smart devices.
The company, which maintains offices in New Zealand, the US, the UK and Australia., also saw the following angel investors participating in the investment: former Xero Director Graham Shaw, Vend Director David Wilson, and MYOB co-founder and Xero Director Craig Winkler.
Commenting on the investment, CEO and Founder Richard Francis said, “Spotlight Reporting continues to go from strength to strength, so raising smart capital allows us to maintain momentum and open up new opportunities in line with our ambition to be a global leader in our space.”
Founded in 2010, Spotlight Reporting provides business intelligence reporting tools to accountants, advisors and business owners. Using imported data from applications like Xero, QuickBooks and other software products, it generates reports, forecasts and dashboards.
<h3 style="text-align: justify;">Proxy closes $1.6m investment</h3>
Sydney-founded startup <a style="color: #000080;" href="https://proxy.co" target="_blank">Proxy</a> , which was founded as Martians Inc in 2015 by co-founders <a style="color: #000080;" href="https://angel.co/denismars" target="_blank">Denis Mars</a> and <a style="color: #000080;" href="https://www.linkedin.com/in/simonratner" target="_blank">Simon Ratner</a>, has concluded a seed round of $2.1 million ($US1.6 million) in funding from led by Australian VC firm <a style="color: #000080;" href="http://www.dealstreetasia.com/tag/blackbird-ventures/" target="_blank">Blackbird Ventures</a> and <a style="color: #000080;" href="http://dealstreetasia.com/tag/y-combinator" target="_blank">Y Combinator</a>.
Blackbird accounts for $1 million of the investment made.  Launched in Sydney before relocating to San Francisco, the Y Combinator alumnus offers a platform aiming to integrate various standalone apps for internet-connected devices and eliminate the need for logging in to these devices individually.
Its first offering is focused on office locks and reducing the need for swipe cards. Eventually, it intends to expand into the consumer and home markets.
In an <a style="color: #000080;" href="http://www.startupsmart.com.au/advice/funding/sydney-founded-startup-proxy-raises-2-1-million-as-it-officially-launches/" target="_blank">interaction</a> with StartupSmart, Blackbird Ventures co-founder <a style="color: #000080;" href="https://au.linkedin.com/in/rcsbaker" target="_blank">Richard Baker</a> said, “It started with the co-founders – when they had an idea for a new business we caught up with them and were really excited about what they were doing.It’s a super cool team with a really interesting, really big picture mission. We think it could be a really valuable large business in the long term.
&#8220;They’re hugely driven, very passionate founders that have really thought through the problem and immersed themselves in it. They’re really just the kind of people that know how to build a business,” he added.
Their technology works by integrate fragmented technologies; a Bluetooth signal emitted from a smartphone received by nearby IoT devices can quickly identify them and grant instant control.
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Spotlight Reporting has closed a $5 million Series A and Proxy has closed a $1.6 million seed investment.

Australia: Spotlight Reporting closes $5m Series A, Proxy closes $1.6m seed

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Australia: Spotlight Reporting closes $5m Series A, Proxy closes $1.6m seed

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