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Australia Digest: Arcadia Capital buys Orange Hire; Grok Ventures backs Brighte

Australia Digest: Arcadia Capital buys Orange Hire; Grok Ventures backs Brighte Photo: Reuters Premium Australia-based private equity firm Arcadia Capital has acquired equipment rental firm Orange Hire while Grok Ventures has led a $73-million round for Australian household solar energy financier Brighte. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@dealstreetasia.com. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday REGISTER stories left placeholder You have one free story left this month. You have stories left placeholder free stories left this month.

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Ignition Lane s Weekly Wrap: VC s $1 6bn year, Christmas collapses, Bassat s bitcoin bet

Ignition Lane s Weekly Wrap: VC s $1 6bn year, Christmas collapses, Bassat s bitcoin bet
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Fintech Brighte bags $100 million to go deeper on energytech

Brighte founder Katherine McConnell. Source: supplied. Fintech and energy startup Brighte has rounded out the year with a massive $100 million raise, as it introduces a new business model, positioning itself as an energy retailer. Headed up by founder and chief Katherine McConnell, Brighte offers credit services allowing households to install energy products such as solar panels and batteries, as well as helping fund home improvements. The round was led by Grok Ventures, the investment fund of Mike and Annie Cannon-Brookes, which invested some $78 million into the round. Existing backers AirTree Ventures, Singapore VC Qualgro and Kim Jackson and Scott Farquhar’s Skip Capital also contributed.

Kim jacksonKatherine mcconnell brighteKatherine mcconnellGrok venturesAnnie cannon brookesAirtree venturesScott farquharSkip capitalDeloitte techகிம் ஜாக்சன்க்யாதரிந் ம்க்காநெல்அன்னயே பீரங்கி ப்ரூக்ஸ்ஸ்காட் ஃபார்க்வர்தவிர் மூலதனம்டெலோய்ட்டே தொழில்நுட்பம்