Australian neobank Zeller raises $73m in Series B round

Photo: Reuters

Zeller, an Australian business banking startup, has raised A$100 million (about $73 million) in a Series B funding round that valued the company at more than A$1 billion, according to an announcement.

The funding round, which saw Zeller more than double its valuation, was led by US-based Headline and backed by Australian industry superannuation fund Hostplus. Existing investors, including Square Peg, Addition, and Spark Capital also returned to participate in the round.

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