Australia’s beverage trading platform eBev has closed a AUD$1.5-million seed round led by Sydney Angels, while SalesPreso raised AUD$2 million funding led by Sapien Ventures and ASX-listed Mitula Group purchased DotProperty.
eBev closes $1.5m seed round
Sydney Angels has led a AUD$1.5 million ($1.13 million) seed round in Sydney-based startup eBev as it prepares a roll out its technology platform to disrupt Australia’s AUD$6.4 billion wholesale beverage market.
Sydney Angels contributed AUD$220 thousand ($165 thousand), and saw participation from a group of private investors, according to Startup Smart.
eBev offers a two-sided platform for venues to source, order and manage their stock, with a database of 20,000 wines and 700 venues on board a year.
Proceeds from the capital raising will allow eBev to expand its product offering and scale nationally, said the company, adding that it will also enable eBev to build out its service offering to include all beverage types, and tools to help sales and payments.
eBev is now in a position to grow its member community and extend its offering across Australia. It targets to have national reach across all beverages by the end of next year.
The platform has been launched in New South Wales and is currently rolling out in Victoria and will be in Queensland and Western Australia in the coming months.
SalesPreso secures $2m funding
Sales and marketing presentation platform SalesPreso has raised AUD$2 million ($1.5 million) in its first funding round led by platform-focussed fintech fund Sapien Ventures, according to Australia Financial Review.
The company was founded by Joel Thomson and Aaron Cooper, who ran a digital agency, Story Communications, before.
The company claims that it has six big clients including REA Group, Australia Post, StarTrack and MYOB, which have reported saving an average of 21 hours per week by using SalesPreso.
Its major competitors are traditional presentation software like PowerPoint and newer player Prezi, which has raised more than $96 million to date, the media said.
SalesPreso has tapped the US market by securing the first American client, real estate website Move Inc, and it plans to approach harder next year by targeting at enterprises with sales teams of more than 30 people.
In 2017, it expects to have 20 major enterprises on its portfolio focusing on the pharmaceutical, financial and tech and telco sectors.
Mitula Group acquires DotProperty
ASX-listed Spanish group Mitula (MUA) recently acquired Singapore’s DotProperty for AUD$11 million ($8.3 million), in a cash and stock deal.
DotProperty operates 10 property portals across nine South-East Asian countries. Its main portal and head offices are located in Thaïland.
Mitula Group is a ‘vertical search’ website operator, with a current portfolio of 170 websites in 45+ countries and 18 languages. Through the acquisition, Mitula will hope to increase its property based revenue from Tier 2 markets. Tier 2 markets are characterised by their high levels of visitation and low monetisation possibility.
“Joining the Mitula Group will help rapidly accelerate our growth. Our portals will have better access the Mitula Group sites and this will help us to provide real estate agents and developers with high-quality leads.” said Ben Neve, CEO of DotProperty.
It is indicated that DotProperty will operate as a separate division within the Mitula Group.