Latest updates for ANZ sales professionals
The Sydney fintech postponed its ASX listing, citing Middle East war volatility. Directors opted for a private raise that values the business at $750m, down from the $850m IPO target. Another SaaS company choosing private capital over public markets in 2025.
Adelaide mining tech startup DryFlow Magnetics is raising more capital on the same terms as its December seed round, led by Orion Industrial Ventures. The company develops waterless magnetic processing tech for iron ore, targeting green steel production. No sales team details disclosed yet, typical for pre-revenue hardware startups.
Sydney quantum sensing startup Deteqt closed a $5 million seed round led by Main Sequence to scale diamond chip manufacturing for defence navigation. The 12-month-old University of Sydney spinout is building team for ADF contract work. No sales roles publicly listed yet, but defence tech hiring typically follows funding by 60-90 days.
Haast closed $17m Series A led by Peak XV Partners to automate marketing compliance reviews. The Sydney startup reports 4.5x revenue growth and zero churn among Fortune 500 clients, but no public details on sales team expansion despite funding for global scaling.
Western Australia awarded $2.56M to 14 organisations through the Innovation Pathways Program on April 9, 2026. Grants up to $300k for accelerators, $200k for education programs. Focus on energy, defence, health, tourism. 43% supports regional WA. Next round opens November 2026.
Canva acquired Simtheory and Ortto, both founded by Chris and Mike Sharkey (Stayz founders). Fifth acquisition in 2026. Limited public data on Canva's sales org, but enterprise push suggests growing team. No disclosed comp or headcount.
Five Australian startups closed $30.1 million this week, led by Sydney compliance startup Haast's $17 million Series A. The round signals investor appetite for enterprise AI infrastructure and vertical SaaS, though none disclosed sales team expansion plans or comp details.
Anthropic reached $30 billion annualized revenue in April 2026, overtaking OpenAI's $24 billion despite a fraction of the consumer user base. The gap closed through enterprise API contracts and developer tools, not viral apps. Worth noting: neither company is profitable, and both are burning billions on infrastructure.
Tasmanian AI infrastructure startup Firmus has locked in another US$505m ($725m AUD) equity raise led by Coatue, valuing the company at $8 billion. This follows a $10 billion debt facility in February and positions the company for an ASX IPO later this year. Sales implications: unclear. No CRO, VP Sales, or go-to-market team details disclosed.
Spoony, an Australian social app for disabled and neurodivergent users, is closing after investors shifted focus to AI startups. The company raised $1 million, hit 65,000 users, but could not land its October 2025 funding round. No sales team, no monetisation model that worked pre-1M users.
Oceania's first fintech-specific VC fund hit $10m in nine months, backed by CommBank's x15ventures. The stage-agnostic fund is deploying now, with founder Dom Pym noting it is one of the toughest capital raising markets in a decade. Worth noting: four out of five Australian fintechs have no VC on their cap table.
Australia Post bought last-mile delivery platform Rendr to expand same-day delivery to 90% of Australia. Deal terms undisclosed. No data on Rendr's sales team size, revenue, or hiring plans post-acquisition. Rendr raised $2.1M in 2021, will run standalone before integration.