Melbourne-founded Unlockd secures one of the largest startup deals of 2017 with $30 million to take on Asia
By Administrator | 1 June 2017
Melbourne-founded mobile ad startup Unlockd has secured $30.8 million ($US23 million) in Series B funding in one of the largest startup investment deals for an Australian tech startup this year.
The deal led by Axiata Digital, an arm of Asian telco giant Axiata Group, will give Unlockd ground-level access to local customers and businesses in key markets it’s planning to tackle over the next year including Indonesia, Malaysia, India and Singapore.
“The partnership with Axiata and access to their carriers in ten regions and 320 million customers will only serve to strengthen the market-leading position we occupy in this space,” Unlockd co-founder and chief executive Matt Berriman tells StartupSmart.
The latest investment also saw participation from Alium Venture Capital and existing investors, including Lachlan Murdoch and Catch of The Day co-founders Hezi and Gabby Leibovich.
“We have raised over $50 million to date in seed, Series A and Series B funding,” says Berriman.
The latest raise puts Unlockd near the top of the list for the largest capital raises by Australian startups this year. Sydney software firm Deputy raised $33 million in Series A funding in January, while healthcare marketplace HealthEngine secured $26.7 million in Series C funding in April. Read more
Dinushi Dias - Smart Company - 26 May 2017
Comments
Your email address will not be published.
We welcome relevant, respectful comments.