australian_startups_news

HR management platform Employment Hero raises US$15.3M in Series C funding – Press Release

Australian cloud-based human resource management platform Employment Hero today announced an AU$22 million (US$15.3 million) Series C funding round led by leading employment marketplace SEEK.

The funding round also included the participation of OneVentures and AirTree Ventures.

It has brought the company’s valuation to over AU$100 million (US$69 million).

In a press statement, Employment Hero said that it will “develop strategic integrations into SEEK’s expansive marketplace, working closely with the team to create a more holistic employment management experience for small businesses.”

It also plans to use the funding to support product development (particularly its WorkLife Passport service) and international expansion to New Zealand, Southeast Asia, the UK, and Ireland.

Investment tech platform Jacobi raises US$7.6M – Press Release

Australian investment tech platform Jacobi announced that it has raised an AU$11 million (US$7.6 million) funding round led by Illuminate Venture Partners, 8VC, and Credit Ease Venture Fund.

The company plans to use the funding to support product development and international expansion.

In a press statement, Jacobi said that it will focus on the European market after signing a number of large institutional investment managers.

The funding also coincides with the launch of its office in London, building on locations in Brisbane and San Francisco.

Also Read: Navigating the Southeast Asia Ecosystem: An Essential Guide for International Startups

Three Mitsubishi entities join Go-Jek’s Series F round – e27

Go-Jek has added another investment into its ongoing Series F round from multiple Mitsubishi entities: Mitsubishi Motors Corporation, Mitsubishi Corporation, and Mitsubishi UFJ Lease & Finance.

The three entities of Mitsubishi also plan to tap into Go-Jek’s expertise and presence in the mobility and consumer services market in the region.

In an official statement Go-Jek said the fresh fund will “enable Go-Jek to scale its strategy and benefit more people in the region, leveraging Southeast Asia’s growing mobile-first population and rapidly expanding digital economy.”

Go-Jek, LinkAja team up to add the digital payments service on the unicorn’s main app – Kumparan

LinkAja, the Indonesian government’s answer to Go-Jek’s e-wallet service Go-Pay, announced that it has collaborated with Go-Jek.

The partnership will make LinkAja payment option to be available on the Go-Jek platform, Kumparan reported.

According to the companies, the feature will be available “soon” within this year.

Also Read: Austrade names latest cohort of Landing Pad startups in Singapore

Go-Jek’s VC arm invests US$5M in India’s cloud kitchen startup Rebel Foods – TechCircle

Indonesian ride-hailing giant Go-Jek has invested US$5 million in Indian cloud kitchen startup Rebel Foods, which is better known for its Faasos brand, according to a TechCircle report.

Citing the company’s filings with the government, the report said that the investment was done through Go-Jek’s investment arm Go-Ventures.

It is part of the startup’s ongoing Series D funding round.

Image Credit: Ondrej Machart on Unsplash