New fund raises $50m to offer early-stage venture loans

Fast-growing Australian companies will have the option of taking out loans, rather than selling equity in their companies to venture capital backers, after Leap Capital raised a $50 million fund targeted at backing firms as they look to scale up. The debt funding...

Entrepreneurs take out loan rather than hit up VCs

Brisbane-based real estate technology group Rex Labs has sealed a $3.5 million loan from recently established local start-up debt funding specialist Leap Capital, in a deal the company says will let it invest in expanding its app portfolio without diluting the stake...

Cover Genius scores $15m on the back of eBay, Shopee deals

Insurance tech company Cover Genius has scored $15 million in fresh funding from King River Capital and Leap Capital as it looks to win more global deals. The Sydney-based start-up, which was founded in 2014 by Angus McDonald and Chris Bayley, specialises in providing...

Last mile delivery outfit Parcelpoint hunts strategic partner

Canaccord Genuity is packaging up a new deal. Street Talk understands last mile delivery company Parcelpoint has drafted in Canaccord’s dealmakers for a strategic review, with a view to help the ten year-old company find a strategic partner/investor. Sources said a...