Australia Dealbook: Whispir gets $8.95m funding ; MSM Corporation raises $3.8 m

Melbourne-based communications startup Whispir gets $8.95 million funding from global investors while Sydney-based Tech startup MSM Corporation International raises $3.8 million to expand its Megastar Millionaire platform into Asia.

Melbourne-based communications startup Whispir gets $8.95 million funding

Communications startup Whispir has secured a $8.95 million funding in Series A round from a range of global investors like Telstra Ventures, Singapore’s NSI Ventures and Rippledot Capital along with private investors and Whispir co-founder and CEO Jeromy Wells.

The funds will fuel the Melbourne-based communication-apps-as-a-service firm’s plans to boost its international expansion.

Whispir is a startup that offers a platform for businesses to customise the communications infrastructure it uses both internally and for interacting with customers.

The funding round will be used to facilitate a rapid global expansion, with the investors handpicked from the areas the startup will be initially targeting, Whispir CEO Jeromy Wells said in an interaction with Startupsmart.

“We’re very focused on expanding internationally on the back of a strong presence in Australia,” Wells said.

Whispir has a team of 50 thinkers, engineers, analysts, technologists, designers, product managers and customer evangelists, working in Australia, Singapore, New Zealand and the US, according to its website.Its clients include Telstra and Twilio, which both use the startup’s software platform as the basis of their internal messaging solution.

The company has grown rapidly in in Singapore and it aims to use this success as a base to roll-out across key markets in Asia.

Tech startup MSM Corporation raises $3.8 million to expand Megastar Millionaire platform into Asia

Sydney-based technology startup MSM Corporation International has raised about $3.8 million through issue of shares to a range of sophisticated and professional investors.

The ASX-listed company will use the funds to expand its Megastar Millionaire platform into Asia.Megastar Millionaire is a software platform for online talent contests, connecting “performers” with fans through an interactive, gamified experience.

The company is all set to launch its mobile-first, online-only talent discovery competition at the start of next year, according to an article by Startupsmart. The latest capital injection will be used to also accelerate the delivery and marketing of this and to enhance the user experience.

“It wasn’t really intended…We were in Hong Kong talking to investors to make them aware of what MSM is, what we’re doing and what the goal is for the company. There was just so much interest to enter those markets,” Megastar Millionaire Asia-Pacific manager Sophie McGill said.

The technology firm’s parent company MSM listed on ASX last year after raising $5.3 million through a reverse takeover of a mining shell.

Megastar Millionaire will be running its first talent competition at the start of next year in all Commonwealth countries and the US, with a closed beta trial beginning in the coming weeks.

The platform allows anyone with a social media following of at least 2000 to upload a video of them performing. The ultimate winner will receive $1 million.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.