August 12, 2022

Go1 raises $200m from Softbank becoming Australia’s latest unicorn. Carted launches a new site!

Catch up on all the news and fund raising announcements from TEN13, Australia's fastest growing syndicate.

Written by

Doug Oliver

t’s been a special month at TEN13 with Go1 becoming our first unicorn after raising US$200m from Softbank Vision Fund, TEN13, Seek Ventures, Salesforce Ventures, and Airtree. On the back of our family office portfolio company, Arkose Labs, also raising $70m from Softbank last month.

A reminder about who we are:

We’re building out Australia & New Zealand’s largest syndicated venture capital platform, with 275+ investors made up of early employees, execs, and founders of some of the world’s best companies.

$273m Raised. Go1 Fireside Chat Next Wednesday

Open to all, we deep dive into Go1 and its journey to 300+ employees and becoming Australia’s latest unicorn at 12:00pm — 1:00pm AEST on Wednesday 18th August — if you are interested in attending please register here. Spots limited.

Register for Webinar.

We are getting ready to launch new deals soon

Invest in 12 highly competitive venture capital deals from global startups every year, in highly competitive rounds. It’s just 4 clicks to allocate after you’ve reviewed our highly detailed deal memos.

Here are a few investment notes from companies we’ve fuelled this year:

US$200m raised by Go1, becoming Australia’s newest unicorn

Go1 became a unicorn in July with a monster raise for the Australian ecosystem, raising US$200m from Softbank Vision Fund, TEN13, Seek Ventures, Salesforce Ventures, and Airtree.

We backed Go1 in their earliest of days and are privileged to be supporting them once again in this latest round led by Softbank.

Keen on increasing your dealflow and want to start investing with our community?

Join us for a briefing on TEN13’s deal by deal offering via our next Virtual Boardroom Lunch at 11:00am (AEST) on Tuesday 24th of August — signup here.

(Only open to Aus/NZ residents qualification as a wholesale/sophisticated investor required)

Launching our city leads program

It’s been awesome to launch our ‘city leads’ program where a select group of TEN13 members help to arrange monthly gatherings in each city to engage across our investor community.

We kicked off our first event in Brisbane. Looking forward to evolving these into breakfasts and lunch-and-learn formats in the future.

TEN13 Content Hangar

$1m to $273m raised. 5 Lessons from the board of a unicorn

$1m raised to now over $273m raised. 5 lessons Steve learned being on the board of Go1 for the last 5 years. Launched here and republished here.

Sharing his learnings about teams and equity, hiring and firing, expanding to the US, and where to headquarter your next unicorn.

Building a career in startups and VC

Our Head of Platform, Doug, sat down with the team at Earlywork, a community for early career startup operators and VCs to talk about the less glamorous side of Angel Investing and taking investment principles to shape your career. Read more here.

Square’s $29b acquisition of Afterpay

We looked closely at the talk of the town last week with our Investment Associate, Lachy, after Square agreed to buy Afterpay for US$29B. Half of the world’s bank execs were googling what buy now pay later is!

We break it down their margins and why Square is a couple moves ahead of the game. Read it here.

Adding More to Cart(ed)

Check out life at Carted.

Check out the new website!

(Mr) Yum!

Mr Yum launched advanced batching of beverage and food order on their platform. Kitchen staff rejoice! This one is a game-changer and world first. Watch more here.

Mr Yum was featured in the NYT. From Melbourne to New York!

Chipper Cash Turned 3!

ImaliPay Celebrated their first birthday!

Vurbl is highlighting their users!

Vervoe is helping you hire the best!

Arcade was featured in Boss Magazine about empowering sales staff

Hiring

Calling all awesome folks to check out roles across our portfolio! Feel free to forward this update to anyone looking to make an impact in their next career move.

💳 Chipper Cash is hiring across all departments. Product, Compliance, Engineering, Marketing, Growth, and more.

🍔 Mr Yum is hiring massively in Sales / Accounts in Brisbane, Sydney, London & Engineering Melbourne or Remote.

✎ Drawboard is hiring Account Executives & C# Developers in their Melbourne HQ

👩🏻‍🏫 Go1 is picking up the 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 Associates and Data Analysts.

Ask Me Anything with Steve Baxter & Andrew Barnes on Go1.

Join us next week Wednesday 18th of August 12pm (AEST) for an AMA with Steve Baxter (Partner TEN13) and Andrew Barnes (CEO of Go1). Being on the board of a unicorn and expanding into more detail his 5 lessons learned article you can read here.

Limited Space, sign up to the webinar here.

Don’t miss out on the Webinar!

Interested in early-stage investing?

Keen to learn more about building your own portfolio of early-stage technology companies? We offer 12 early-stage deals in your inbox every year.

Join us for a briefing on TEN13 via our next Virtual Boardroom Lunch at 11:00am (AEST) on Tuesday 24th of August — signup here.

Currently limited to sophisticated investors that are Aus & NZ residents / citizens.

Safe Travels,
Doug Oliver

Latest Articles

Our year in review, new investments and TEN13 visits Nigeria ✈️

Our year in review, new investments and TEN13 visits Nigeria ✈️

READ MORE

Flight Plan #19 - Our Investment in AutoGrab

The most advanced automotive pricing and intelligence platform - disrupting the traditionally opaque auto industry by creating visibility, transparency, and accuracy in vehicle pricing.

READ MORE

Flight Plan #18 - Our Investment in Partly

Partly is building the plumbing for the global auto parts industry

READ MORE

We're fuelling founders and
arming the rebels that back them.

Sign up for our newsletter

Let's keep you in the loop
InvestorsFoundersCareersBlogTeamPortfolioGet In Touch
Conflicts PolicyPrivacy PolicyWebsite Disclaimer
AFSL Disclaimer
‍TEN13 Management Pty Ltd (TEN13 Management) is a corporate authorised representative of Boutique Capital Pty Ltd (BCPL) AFSL 508011, CAR Number 1298306. TEN13 Nominee Pty Ltd (TEN13 Nominee) is a corporate authorised representative of BCPL, CAR Number 1298307. Together, TEN13 Management and TEN13 Nominee are referred to as we, us, or our in this document. To the extent to which this document contains advice it is general advice only and has been prepared by us for individuals identified as wholesale investors for the purposes of providing a financial product or financial service, under Section 761G or Section 761GA of the Corporations Act 2001 (Cth). The information herein is presented in summary form and is therefore subject to qualification and further explanation. The information in this document is not intended to be relied upon as advice to investors or potential investors and has been prepared without taking into account personal investment objectives, financial circumstances or particular needs. Recipients of this document are advised to consult their own professional advisers about legal, tax, financial or other matters relevant to the suitability of this information. The investment summarised in this document is subject to known and unknown risks, some of which are beyond our control and our directors, employees, advisers or agents. We do not guarantee any particular rate of return or the performance, nor do we and our directors personally guarantee the repayment of capital or any particular tax treatment. Past performance is not indicative of future performance. The materials contained herein represent a general summary of our current portfolio construction approach. We are not constrained with respect to any investment decision making methodologies and may vary from them materially at its sole discretion and without prior notice to investors. Depending on market conditions and trends, we may pursue other objectives or strategies considered appropriate and in the best interest of portfolio performance. There are risks involved in investing in our strategy. All investments carry some level of risk, and there is typically a direct relationship between risk and return. We describe what steps we take to mitigate risk (where possible) in the investment documentation, which must be read prior to investing. It is important to note that despite taking such steps, we cannot mitigate risk completely. This document was prepared as a private communication to clients, is confidential and is not intended for public circulation or publication or for the use of any third party, without our approval. Whilst this report is based on information from sources which we consider reliable, its accuracy and completeness cannot be guaranteed. Data is not necessarily audited or independently verified. Any opinions reflect our judgment at this date and are subject to change. We have no obligation to provide revised assessments in the event of changed circumstances. To the extent permitted by law, BCPL, we and their directors and employees do not accept any liability for the results of any actions taken or not taken on the basis of information in this report, or for any negligent misstatements, errors or omissions.
‍
TEN13 Disclaimer
TEN13 Nominee may, from time to time hold securities referred to in the information herein and may trade in these securities as a nominee (either as principal or as agent). We may receive commissions, fees or other forms of remuneration from transactions involving investments referred to in the materials. By accepting the materials contained herein, you agree to indemnify TEN13 Management, TEN13 Nominee, Transition Level Investments Pty Ltd ACN 154 457 155, TEN13 Holding Pty Ltd ACN 634 042 783, and Birkdale Holdings (Qld) Pty Ltd ACN 120 407 981 ATF the Baxter Family Trust and any of their respective directors, officers, employees, consultants, advisors or agents (TEN13 Parties) against any claim, liability, action, damage, loss, cost or expense sustained by any of them arising from or as a result of any breach by you of the confidentiality obligation under this disclaimer. The TEN13 Parties: disclaim and exclude all liability for all losses, claims, damages, costs and expenses of any nature arising out of or in connection with the materials contained herein (or any accompanying or subsequent information); and do not have any obligation to advise any person if they become aware of any inaccuracy in, or omission from, the materials contained herein (or any accompanying or subsequent information).