So certain were some investors – namely Five V Capital – about the $1 billion marker that they had been marketing that number and what it would say about the value of its stake in documents to their own investors as recently as May.
While funding markets for high-growth tech businesses have softened, clearly there’s more to the Metigy failure. Its administrator was still getting across the brief on Monday, and seemed as shocked as anyone.
Five V Capital talked up Metigy’s prospects as an Australian technology sector unicorn with a valuation at $1 billion, according to a presentation given to its investors in May.
Melbourne-based luggage business July, which counts Lachlan Murdoch’s family office Illyria as an investor, is hitting the fund-raising trail as international travel reopens.
Left-behind employee experience software company LiveTiles is pitching a path to Nasdaq’s bright lights in an effort to have shareholders approve its proposed listing from the ASX.
