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The newest round of funding follows a $11 million Series A raise announced in August 2020, led by the CEFC. Cumulatively, Zoomo has raised $26M USD in the past 24 months. Zoomo will use the funds to invest in the development and production of the brand’s next generation vehicle offerings as well as supporting global expansion to satisfy customer demand. Zoomo has had success supplying its vehicles to large fleet operators in the last mile delivery space and is seeing its fleet rapidly expand beyond 10,000 units globally. Jackie Vullinghs, Principal at AirTree Ventures said: Supported by regulatory and cultural tailwinds, Zoomo is accelerating the electrification of global transport, starting with last mile delivery. Their full stack offering from e-bikes and e-mopeds to finance, servicing and fleet management makes it easy for global food, grocery and logistics businesses to choose carbon neutral . ....
Aussie VCs must match ârockstarâ US funds or risk missing deals It took a US company to make the two largest investments in Australian venture capital history. Itâs time for local VCs to fight back. Save Share When I first read about Brisbane startup Octopus Deployâs $223 million capital raising from Insight Venture Partners, my emotions were humility and horror. So much for my deep connection to Aussie tech â Iâd never even heard of them. I was only slightly consoled to discover that many others were similarly humbled. Octopus Deployâs Paul and Sonia Stovell preferred the track record and US network of Insight Partners over Aussie VC funds that would have liked to invest in them. ....
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Daniel Petre and Craig Blair, founders of AirTree Ventures. Source: Supplied. AirTree founding partner and godfather of the Aussie tech scene Daniel Petre has announced he will be stepping back from the day-to-day operations at the VC firm, but will become chair. The move comes as AirTree is gearing up to raise its fourth fund later this year, Petre tells SmartCompany. He was 54 years old when he founded the company with Craig Blair back in 2014, he notes. And a new fund requires another ten years of commitment. “I can’t look investors in the face and say, yeah I’m going to be just as dedicated for the next ten years,” Petre says. ....
âNot prepared to meet with himâ: Tech industry concerned about Porterâs appointment Save Share The tech sectorâs engagement with the federal government may nosedive thanks to former Attorney-General Christian Porterâs appointment to the portfolio, with industry leaders saying they believe he would be unwelcome by some at events, and organisations would have to âbargainâ with themselves about accepting government funding. Mr Porter was moved to the Industry, Science and Technology portfolio as part of a cabinet reshuffle, which also had Linda Reynolds shifted from her role as defence minister to government services and the NDIS last week. Peter Dutton has picked up the Defence Ministry and Karen Andrews has moved from the technology portfolio to home affairs. ....