Chipper $100m Series C, Mr Yum Post-Seed & Carted Seed + More
Catch up on all the news and fund raising announcements from TEN13, Australia's fastest growing syndicate.
We’ve seen a rapid launch so far this year at TEN13 helping fuel founders through major funding rounds, platform expansion, and new employees!
We’re building out Australia’s largest syndicated investment platform, currently with 220+ investors including exited founders, operators, VCs, and professionals from companies like Afterpay, Plaid, Canva, Nitro, Opengear, Macquarie, Cloud Conformity, TechOne, and more.
Sophisticated Investor? Interested in joining our platform? Sign up here. (Currently open to Australian & NZ residents/citizens).
Here is a quick rundown of our flightpath this year to date:
🚀 Since launching in Dec 2019, we’ve grown our platform to $25m+ in funds under management, and with $15m being invested this year so far. For us this has meant raising and deploying capital in 13 companies so far. Allowing investors to build their own early-stage investment thesis and providing access to invest in highly curated venture deals.
🌏 We’ve invested globally and are proud of our TEN13 portfolio mix supporting founders domiciled across Australia, US, Africa, and soon South East Asia.
💰 Our average amount per investor has grown to $115k. Seeing an increase in interest from both angels and family offices to participate in our deal-by-deal VC offering.
🥂 We are ramping up in-person events with last month’s Melbourne founder and investor events kicking off our Australia-wide push to reengage with the community across founders, supporters and investors. Next stop — Brisbane and Sydney.
Come to our Brisbane investor dinner: If you qualify as a sophisticated investor send us an email at email@example.com today if you would like to attend our next dinner on the 16th of June in Brisbane.
✨ We’ve completed 4 new deals this year with our first hardware investment and expansion into the South East Asian region. Plus 4 further follow-on rounds into our existing portfolio. 8 deals in 5 months.
We are always looking to add to our network of investors as we allow them to build out their own portfolio and thesis through curated high quality venture deals. If you qualify as a sophisticated investor and are domiciled in Australia or New Zealand you can sign up here.
We partner with some of the world’s most ambitious founders in Pre-seed to Series A deals with cheque sizes ranging from $500k-$2m. We will often lead rounds but also love co-investing with emerging mangers and established funds. You can pitch to us here.
Building out a Platform
Our goal at TEN13 is to build out a platform to navigate the complexities of executing a venture investment business in Australia and investing in global companies.
Now, the second leg of our journey is to work with emerging managers to give them access to investors, resources, and a platform to launch deals and grow their own brand and reputation. More on this soon!
This year so far we’ve rolled out consistent improvements to our email portal, given investors access to their investment data, and increased our reporting capability to make more informed decisions around the investments we make.
2 New Flight Crew
Our growth at TEN13 has accelerated this year and we have made the decision to also expand the team across our Investor Relations and Office Management functions.
Sophie joins us after 15 years at Credit Suisse, being a Director & VP of Institutional Equity Sales in London & Sydney.
Sophie enjoys swimming, cycling and loves the outdoors and live music.
Thanks to the Startmate Fellowship community for bringing more executives into the VC and startup space.
Welcome Jess Barrett as our new Office Manager & EA.
Jess has over 10 years experience working in multiple administrative roles within a variety of industries. Background includes Wealth Management Assistance and HR Advising. Further experience in Project, Events and Travel Management.
After work, Jess enjoys nature walks, trivia and spending time with family and friends.
Chipper Cash Series $100m Series C
Chipper Cash has announced their $100m Series C led by Silicon Valley Bank in Tech Crunch yesterday. Only 3 years after being founded.
Chipper Cash after this round of funding is one of Transition Level’s & TEN13’s largest portfolio companies to date. This Series C round marks our 6th investment into the company since pre-seed.
Ham & Maijid (co-founders) continue to show they are world-class operators and this marks SVB’s first investment into the African Market since inception in 1983.
Carted Raises AU$13m Seed Led By Blackbird
Our portfolio company Carted has closed a Seed round led by Blackbird Ventures with participation from TEN13, Tidal, Streamlined Ventures, Grok Ventures — this comes only months after raising their pre-seed round led by us at TEN13 late last year.
Carted is building the rails for the next generation of e-commerce infrastructure allowing you purchase goods anywhere.
Holly & Mike have moved down to Sydney to their new office in Surry Hills, and of course, they are currently hiring.
Mr Yum Raises $11m Post-Seed Led By TEN13
We have continued supporting Mr Yum in their Post-Seed round leading their post-seed round and we welcome Airtree, Patty Mills, Andrew Banks, and others who have joined us as supporters to help Mr Yum launch their beautiful QR Menu ordering to the US and UK this quarter.
They sat down with one of the newest venues Employees Only in LA to talk about how integrating Mr Yumhas helped them navigate COVID recovery.
Clipchamp Hits 16m Users
Clipchamp talked to The Australian about being a startup to watch in Australia and revealed they recently grew to 16m users over the last 12 months.
They also talk about how they have tripled their team to 89 people during COVID.
Vurbl Hits 2m Unique Listeners
Vurbl has come out of beta and has now launched on the app store as it also marks a milestone of 2 million unique listeners on the platform.
You can claim your channel today or download the app and start listening to millions of pieces of audio content like famous plays or earning calls. Maybe you just want to relax through their white noise or meditation recordings.
Maxwell Plus — Get checked for prostate cancer.
Maxwell Plus, one of our Transition Level portfolio companies who is using AI to find prostate cancer early, has recently crossed the milestone of saving 20 lives. As prostate cancer affects 1 in 6 Australian men it’s more important than ever to be getting tested.
To celebrate, they’re running a deal exclusively to the TEN13 network. This deal gives you your first year of (non-intrusive) testing and AI analysis from Maxwell Plus for just $20, in celebration of 20 lives saved.
To redeem use the code TEN13 at checkout. You can read more about Maxwell Plus here or check out the recent testimonial from racing legend Mark Webber here.
Get yourself, your husband, your father, your brother, your friends checked out and help mitigate the risk of prostate cancer.
🍔 Mr Yum is hiring massively in Sales / Accounts in Brisbane, Sydney, London & Engineering Melbourne or Remote.
👩🏻🏫 Go1 is picking up pace to revolutionise corporate training and education and our hiring in Melbourne, Sydney, Brisbane & Salt Lake City.
🛒 Carted is hiring designers, Go Engineers & React developers.
📖 Bookipi is hiring Growth Marketers, Operations Associate and Data Analysts.
Safe Travels, TEN13 Crew
Investor Spotlight Series - Daniel Johnson
Introducing our Investor Spotlight Series, highlighting the leading supporters of startups in the Australian ecosystem. First up, Daniel Johnson, a successful founder turned angel investor with over 70 startups in his portfolio so far.
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