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The latest news articles, announcement and commentary on Data Republic
The Australian data exchange startup Data Republic Pty. Ltd. has raised $10.5 million from the venture arms of two banks and an airline, the Sydney-based company announced today.
Qantas Airways Ltd.’s Qantas Loyalty fund, the National Australia Bank’s NAB Ventures and Westpac Banking Corp.’s ReInventure Fund, managed by Data Republic cofounder Danny Gilligan, are participating in the two-year-old company’s Series A round. To date Data Republic had raised a little under $2 million from Australian investors, including Westpac.
Three of Australia’s leading companies - Qantas, National Australia Bank and Westpac – have been confirmed as investors in Data Republic’s first major funding round.
The Sydney-based tech startup announced three leading companies as investors in its first major funding round
First round funding of $10.5 million to support Data Republic’s US expansion
Two of Australia’s major banks — National Australia and Westpac — and Qantas have led investment in data exchange platform Data Republic in the company’s first major funding round.
The Sydney-based tech start-up has its coffers boosted with investment by Qantas Loyalty, NAB’s venture capital fund, NAB Ventures, and Westpac’s ReInventure Fund as part of a $10.5 million Series A investment round.
Qantas Loyalty, NAB Ventures and Westpac’s ReInventure Fund have become strategic equity partners
National Australia Bank, Westpac and Qantas have invested $10.5 million in Sydney-based startup Data Republic, which is aiming to build a marketplace fo...
A Sydney startup offering a platform that allows companies and government to share data securely has scored a $10.5 million investment from some big corporate players.
Qantas, NAB and Westpac have all taken a piece of Sydney tech startup Data Republic as part of the company’s Series A round worth $10.5 million.
All three of the new investors will become strategic partners for Data Republic, which enables companies and government organisations to exchange data in a secure environment.
The investment is Qantas’ first in a tech startup, and also the first by NAB ventures, the bank’s VC fund which was established last year.
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Banks are desperate to get closer to customers and provide timely and relevant products. Data sharing with other companies could hold the key.
Deal is Qantas's first foray with a tech start-up and NAB Ventures' first investment.
Sydney's Data Republic has scooped up AU$10.5 million in funding from three large Australian organisations, hoping to use the funds to bolster its presence in the United States.
