The Growth Cartel

The Growth Cartel - Weekly 29th July 2024


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Vinisha and Deepak join Rhys in this week's episode as we delve into the latest startup ecosystem trends. From crucial funding updates to the growing importance of robust business foundations, this discussion covers essential topics for any entrepreneur.

This Week's Highlights:

  • SeenCulture Funding: Raised $1M backed by LaunchVic's Alice Anderson Fund for female founders, providing tools for smarter employee management decisions, described as "Moneyball for teams."
  • PREVE Investment: With support from Archangel and notable angels, they secured $550K in pre-seed funding for a patient treatment solution tailored for physiotherapists.
  • Fundabl Equity Raise: Closed a $3.2M equity round and launched a new venture debt fund targeting growth-stage businesses with loans between $500K and $5M.
  • Cuttable Seed Funding: Obtained $5.5M in seed funding led by Square Peg for its AI-driven digital advertising platform, aiming to automate on-brand content creation.
  • Square Peg Capital Raise: Raising $840 million for its sixth fund and "Opportunities Fund 3," despite challenges, reported significant returns, including notable exits and a portfolio valued at $4.4 billion with a 44% gross IRR from exits.

Key Takeaways:

  1. Building a solid business infrastructure is non-negotiable for enduring success.
  2. There's a notable pivot among investors towards businesses demonstrating profitable and sustainable growth models.
  3. The tech-health intersection presents exciting investment opportunities.
  4. Despite a cautious approach, crowdfunding and angel networks remain active.
  5. Leveraging social capital can significantly boost a startup's prospects.

For more engaging discussions on the startup ecosystem and to show your support, follow The Growth Cartel. We also encourage you to share your thoughts and experiences in the comments section to foster a sense of community and learning.

⁠⁠https://www.linkedin.com/company/the-growth-cartel/⁠⁠

Episode Links

Follow Vini on LinkedIn: https://www.linkedin.com/in/vinisharathod/

p3 studio - people, partnerships, purpose: https://p3studio.com.au/

Follow Deepak on LinkedIn: https://www.linkedin.com/in/deepaksinghhr/

Follow Rhys on LinkedIn: ⁠⁠⁠https://www.linkedin.com/in/rhyshenderson/

4Phase Consulting: https://www.linkedin.com/company/4phase-consulting/

Follow Brandon on LinkedIn: ⁠⁠⁠⁠⁠https://www.linkedin.com/in/brandonjkburns/⁠⁠⁠⁠⁠

Teamified: ⁠⁠⁠⁠⁠https://www.teamified.com.au/

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The Growth CartelBy The Growth Cartel