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Amp Raises Us$18.5M (Aud$28.5M) Series A To Expand Ecommerce Platform

Sep 11, 2023

Amount Raised

$18.5 Million

Round Type

Series A

SydneyEnergySustainabilityFinanceFintech

Investors

Alex BeashelOpenspace VenturesJungle Ventures

Description

eCommerce platform AMP today announces it has raised US$18.5m / AUD$28.5million in a series A funding round which included participation from Jungle Ventures and Openspace Ventures, both based in Singapore. The round enables the company to further expand its interconnected, end-to-end platform for eCommerce merchants.

Quick answer

AMP raised $18.5 Million in a Series A round, dated September 11, 2023. Investors: Alex Beashel, Openspace Ventures and Jungle Ventures. AMP is based in Sydney, New South Wales, Australia.

How much did AMP raise?
AMP raised $18.5 Million in a Series A round on September 11, 2023.
Who invested in AMP?
Alex Beashel, Openspace Ventures and Jungle Ventures are named as investors in this round.
What does AMP do?
AMP Limited began in 1849 as the Australian Mutual Provident Society and is now a retail wealth management and banking business serving around 1.5 million customers across Australia and New Zealand.
Where is AMP based and how big is it?
AMP is based in Sydney, New South Wales, Australia. Fundz records about 4,889 employees.
Who are the decision-makers at AMP?
Fundz holds 3 contacts at AMP. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Sustainability around the same time

Companies in the same sectors as AMP that raised within 45 days of this round, from Fundz verified event records.

  • T-Rex Group, Inc. raised $10M on September 18, 2023.
  • Flanks raised $8M (Series A) on October 18, 2023.
  • Nova Credit raised $45M (Funding Round) on October 17, 2023.
  • Streamex Corp. raised $861K (Seed) on October 12, 2023.
  • ZSuite Technologies, Inc. raised $3.2M (Series A) on October 11, 2023.
  • Untangled Finance raised $14M (Funding Round) on October 11, 2023.

Who to call at AMP, and when

A new round usually means AMP is about to hire and buy. The teams that reach out first get the meeting.

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  • The decision-makers there, with verified emails
  • Who you already know at AMP, from your own LinkedIn network

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Company Information

Company

AMP

Location

Sydney, New South Wales, Australia

About

AMP Limited began in 1849 as the Australian Mutual Provident Society and is now a retail wealth management and banking business serving around 1.5 million customers across Australia and New Zealand. The company provides financial advice, superannuation, and banking services to help people achieve their financial goals and build their future.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

AMP raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.