Australia Dealbook: OpenAgent raises $9.3m Series B; TechSydney gets $386k

Estate agent comparison platform OpenAgent has closed a AUD$12 million ($9.3 million) in a Reinventure-led funding round while non-profit startup TechSydney raises A$550k ($424k) crowdfunding.

OpenAgent secures $9.3m Reinventure-led Series B

Real-estate platform OpenAgent has raised an AUD$12m ($9.3m) in new equity funding in a round led by Reinventure which also saw participation from Qualgro and Breakthrough Labs. This round marks the first investment from Reinventure’s new A$50-million ($38.5 million) fund and ASEAN-focused Qualgro’s second Australian deal.

The proceeds from this investment will be used to fund the development of the OpenAgent platform and expand the company’s reach across Australia.

Co-founder Zoe Pointon claimed that the startup has doubled in size over the last year to more than 60 employees, in addition to claiming that 10.000 people have used OpenAgent in the past year to facilitate the process of listing their property on the market.

OpenAgent aims to help property sellers find real estate agents to work with based on aggregated customer reviews and sales data. The Sydney-based startup has reached a total AUD$18.93 million ($14.60 million) funding in three separate rounds since its creation in 2012.

TechSydney raises $424k via crowdfunding

TechSydney, a Sydney-based non-profit startup supergroup, has successfully raised AUD$550,000 ($424,000) via crowdfunding in an effort to transform Sydney into one of the world’s most prominent startup ecosystems.

The group, with the backing from large groups such as Atlassian or Airbnb, has also secured funding from early-stage startup founders. This is the most successful-ever campaign by a non-profit on crowdfunding website Pozible.

CEO Dean McEvoy said, the group will be establishing a strategy aiming to capture talent overseas as well as making inner city office space more accessible to new startups.

McEvoy said, he will also be working closely with corporate venture capital firms to get them better connected with the opportunities in high-growth tech startups.

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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.