The biggest Series B raise in Australian history just tipped $111 million into workforce software startup Deputy


Deputy, an Australian workforce management software startup, has set new benchmark for series B raise, pulling in $US81 million ($A111m) from US backers.

VC firm IVP, the Silicon Valley investment business that previously backed the likes of Dropbox, Slack and Twitter, led the round with support from OpenView.

Based in Sydney, Deputy has been around for a decade, and previously raised $US25 million ($A33m) in a Series A round backed by OpenView and Australian VC firms Square Peg Capital and EVP.

Read more