Funded Commerce and Shopping Startups in Sydney
The largest disclosed round among these 20 companies is Carma's $52M Series A (May 2022), with Till Payments' $46M Series D (March 2023) and Stake's $36M S…
The largest disclosed round among these 20 companies is Carma's $52M Series A (May 2022), with Till Payments' $46M Series D (March 2023) and Stake's $36M Series A (April 2022) also among the standout raises. Fundraising volume peaked in 2021–2022, when at least 12 of the 20 rounds closed. Early 2025 brought renewed activity: Flagship raised a $4M Seed in April, Instant closed an $18M Series A in March, and LawPath secured $10M in February.
Disclosed round sizes span a wide range — from $100K (seen across Diolog, Mercari, Koverd, and others) up to $52M — with two rounds (Patricks, AfriCar Group) leaving amounts undisclosed. Series A is the most common labeled stage, with five companies closing at that level. Several rounds from 2020 and 2021 carry no stage label, consistent with early-phase or undisclosed-structure raises common in that period.
Most recent rounds
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Frequently asked
What are the largest disclosed funding rounds among Sydney commerce and shopping startups?
Carma leads with a $52M Series A closed in May 2022, followed by Till Payments at $46M (Series D, March 2023) and Stake at $36M (Series A, April 2022). Okendo's $26M Series A (July 2022) and Instant's $18M Series A (March 2025) round out the top five by disclosed size.
Which funding stage appears most often in this dataset?
Series A is the most common labeled stage, with five companies — Instant, Okendo, Carma, Stake, and Mercari — all closing rounds at that level. Three additional companies (LawPath, Patricks, Diolog) carry a "Series Unknown" label, indicating further institutional rounds without a confirmed stage designation.
When was funding activity most concentrated?
Seven of the 20 rounds closed in 2022, making it the peak year in this dataset, with five more rounds closing in 2021. Activity slowed through 2023 and 2024 (four rounds combined), before picking up again in early 2025 with three rounds in the first four months of the year.
Has any company here raised at Series D or beyond?
Till Payments is the only company in this group with a confirmed Series D, raising $46M in March 2023. No other entry carries a Series B or Series C label — the next most advanced confirmed stage among the remaining companies is Series A.
Are there any rounds at very early or non-venture stages?
humii raised a $300K Pre-Seed in May 2024, and Flagship closed a $4M Seed in April 2025. Koverd received a $100K Grant in October 2021, and AfriCar Group closed a Corporate Round in September 2022 with undisclosed terms — both non-standard structures for this segment.
How many rounds in this group have undisclosed or sub-$500K amounts?
Two rounds list amounts as undisclosed (Patricks, AfriCar Group). Among disclosed rounds, at least six come in at $100K–$300K — including Diolog, Mercari, Koverd, humii, Sydney Blockchain Centre, and Cya On The Road — placing them well below typical institutional thresholds.
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