Australia Digest: eBev gets $1.13m; SalesPreso raises $1.5m; Mitula buys DotProperty

Image from eBev website.

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.

Also read:

Australia: Mid-market fund Bridgeport Capital buys out Hawkesbridge PE

Australia’s Port of Melbourne sold to QIC-led group for $7.3b

China’s Fulida to buy 17% stake in Australian cattle exporter Wellard

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.