Australia’s Bluedot Innovation raises $5.5m Series A led by Transurban

Source: Internet Archive

Australia-listed urban toll road manager and developer Transurban has led the $5.5-million Series A funding round in Melbourne-based technology company Bluedot Innovation. Transurban contributed $4 million in the round.

Other investors including Jeff Katz, founder of Mercury Payments, and David Jacques, founding CFO of PayPal, also participated in the round, Bluedot said in a statement. The Melbourne startup has raised $13 million in total funding to date.

Bluedot Innovation, a geo-location technology company, specializes in offering location-based services and payments.

Bluedot enables enterprises to connect with their customers through interactions based on location and context of the customer. By combining  technology and focus on the behavior and needs of each individual user, Bluedot supports contextual engagement, business intelligence and mobile commerce.

In November 2017, Bluedot and Transurban collaborated to create LinktGO, a GPS-based tolling payment channel which allows Australian users to make toll road payments from their phone.

Established in 1996, Transurban manages and develops urban toll road networks in Australia and North America. It was said to be a Top 20 company on the Australian Securities Exchange (ASX).

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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.