These updates are part of our Monthly Update Newsletter. To receive these updates directly in your inbox, please subscribe to our newsletter here.
****
Welcome to the latest update from EVP_
First up, a huge congrats to Henry Innis, Matt Farrugia and the Mutinex team on closing a $9.5 million funding round. EVP led the round, with a further investment of $8m into the business.
During the month, EVP portfolio company CorePlan also announced their latest financing. EVP led the round, investing $3.2m of the total $4m round.
As we head towards the end of the year, we hosted annual investor events in Sydney and Melbourne where several of our founders shared their experiences of building successful B2B software startups.
Please read on for details and further updates.
- Team EVP
// EVP Investments_
Mutinex raises $9.5m_
We’re thrilled to lead a follow-on investment in Mutinex, committing $8m of a total $9.5 million round. This takes EVP’s commitment to $12m, and marks our single largest investment to date.
Congratulations to Henry Innis, Matt Farrugia and the entire Mutinex team!
CorePlan raises $4m_
We’re excited to announce our lead investment in CorePlan’s $4m funding round. CorePlan is a leading digital operations platform for mining companies and drilling contractors.
Congratulations to Alex Goulios and the entire CorePlan team!
// Portfolio Wins_
Deputy posts its “Maiden Profit"_
Deputy was in the press this month following the release of its annual financial results. With revenue exceeding $100m, and profits approaching $10m, the business is in “unicorn territory” according to the AFR.
Congrats to CEO Silvija Martincevic and the Deputy team on outstanding ongoing performance.
// Latest Insights_
- Dive into some detailed content on Performance vs. Brand Marketing from First Round Review.
- Learn about the customer acquisition tactics that drove Toast's explosive growth to more than $1.1 billion in annual revenue, hosted by SaaStr.
- Discover the different types of value metrics to explain the value of your product from the Mostly Metrics substack.
- Examine case studies on the emergence of influencer marketing and its effects on pricing and retention by Paddle Studios.
// EVP Updates_
During November we held annual investor events in Sydney and Melbourne.
We heard updates on the state of the market and on performance across the EVP funds. We were also joined by four of our portfolio founders. Thank you to all EVP investors who were able to join us.
// Portfolio News_
- Blend AI introduced its 'Pulse' feature to identify customers and synchronise data across marketing channels to help boost sales.
- CarClarity was a finalist for two 2023 Connective Excellence Awards.
- Deputy launched #ASimpleThankYou movement to show appreciation to shift workers who work during the holiday season.
- Hnry won two awards at the 2023 Finder Innovation Awards for Best B2B Innovation and Digital Disruptor of the Year.
- Mutinex Co-founders and EVP partner Justin Lipman discussed the company's recent raise and growth journey with Mi3.
- Practifi partnered with Envestnet to help wealth management firms increase efficiency and improve their client experience.
- Shitppit was shortlisted for the Innovation Award in this year's SmartCompany Smart50 Awards.
- VendorPanel was awarded the best use of digital product at the Excellence Procurement Award, the best category for support team at CSIA, and #15 ranking on the Smart50 Awards list.
These updates are part of our Monthly Update Newsletter. To receive these updates directly in your inbox, please subscribe to our newsletter here.
****
Welcome to the latest update from EVP_
First up, a huge congrats to Henry Innis, Matt Farrugia and the Mutinex team on closing a $9.5 million funding round. EVP led the round, with a further investment of $8m into the business.
During the month, EVP portfolio company CorePlan also announced their latest financing. EVP led the round, investing $3.2m of the total $4m round.
As we head towards the end of the year, we hosted annual investor events in Sydney and Melbourne where several of our founders shared their experiences of building successful B2B software startups.
Please read on for details and further updates.
- Team EVP
// EVP Investments_
Mutinex raises $9.5m_
We’re thrilled to lead a follow-on investment in Mutinex, committing $8m of a total $9.5 million round. This takes EVP’s commitment to $12m, and marks our single largest investment to date.
Congratulations to Henry Innis, Matt Farrugia and the entire Mutinex team!
CorePlan raises $4m_
We’re excited to announce our lead investment in CorePlan’s $4m funding round. CorePlan is a leading digital operations platform for mining companies and drilling contractors.
Congratulations to Alex Goulios and the entire CorePlan team!
// Portfolio Wins_
Deputy posts its “Maiden Profit"_
Deputy was in the press this month following the release of its annual financial results. With revenue exceeding $100m, and profits approaching $10m, the business is in “unicorn territory” according to the AFR.
Congrats to CEO Silvija Martincevic and the Deputy team on outstanding ongoing performance.
// Latest Insights_
- Dive into some detailed content on Performance vs. Brand Marketing from First Round Review.
- Learn about the customer acquisition tactics that drove Toast's explosive growth to more than $1.1 billion in annual revenue, hosted by SaaStr.
- Discover the different types of value metrics to explain the value of your product from the Mostly Metrics substack.
- Examine case studies on the emergence of influencer marketing and its effects on pricing and retention by Paddle Studios.
// EVP Updates_
During November we held annual investor events in Sydney and Melbourne.
We heard updates on the state of the market and on performance across the EVP funds. We were also joined by four of our portfolio founders. Thank you to all EVP investors who were able to join us.
// Portfolio News_
- Blend AI introduced its 'Pulse' feature to identify customers and synchronise data across marketing channels to help boost sales.
- CarClarity was a finalist for two 2023 Connective Excellence Awards.
- Deputy launched #ASimpleThankYou movement to show appreciation to shift workers who work during the holiday season.
- Hnry won two awards at the 2023 Finder Innovation Awards for Best B2B Innovation and Digital Disruptor of the Year.
- Mutinex Co-founders and EVP partner Justin Lipman discussed the company's recent raise and growth journey with Mi3.
- Practifi partnered with Envestnet to help wealth management firms increase efficiency and improve their client experience.
- Shitppit was shortlisted for the Innovation Award in this year's SmartCompany Smart50 Awards.
- VendorPanel was awarded the best use of digital product at the Excellence Procurement Award, the best category for support team at CSIA, and #15 ranking on the Smart50 Awards list.