# InDebted Australia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/indebted-australia-pty

- Industry: Financial Services
- Headquarters: Australia
- Website: www.indebted.co
- Total disclosed funding: $84M
- Latest round: Series C (Sep 24, 2024)
- Investors on record: 15

## About

Based in Sydney, Australia, and founded in 2016, InDebted Australia Pty Ltd develops a cloud-based debt collection software for servicing overdue accounts. The company was founded by Mr. Josh Foreman, its CEO. In September 2024, InDebted Australia Pty Ltd raised USD 40 million in series C funding new investors AirTree Ventures, Australian Retirement Trust, Second Quarter Ventures, and Premier Capital Partners. Returning investors Reinventure, Carthona Capital, and Perennial Partners also participated in the round.

The company's platform uses machine learning that is used to understand consumer preferences for servicing overdue accounts. The software also provides application programming interfaces (APIs) that link customer account systems and enable small and medium businesses to get flexible payment options.

The company plans to use the September 2024 funding to develop new goods and solutions, enter new markets, and execute its M&A plan.

## Funding rounds

- Series C, Sep 24, 2024, $41M — Australian Retirement Trust, Reinventure, AirTree Ventures, Carthona Capital, Perennial Partners, SecondQuarter Ventures, Premier Capital Partners
- Series B, May 16, 2022, $16M — OneVentures, Mainstream Fund Services, MassMutual Ventures, Carthona Capital, Perennial Partners, Lali Holdings Pty Ltd, Churchtown Investments Pty Limited, Cc Esif No.1 General Partner Pty Ltd
- Series B, Jun 6, 2021, $21M — Reinventure, MassMutual Ventures, Carthona Capital, Perennial Partners, Pounamu Capital Pty Ltd, Lali Holdings Pty Ltd, Four Under Five Pty Ltd, Cc Esif No.1 General Partner Pty Ltd
- Series A, Feb 25, 2020, $5.7M — Reinventure, MassMutual Ventures, Carthona Capital, Cc Esif No.1 General Partner Pty Ltd
- Seed, May 1, 2017, $1M — Reinventure

## Investors

- Reinventure (https://capitalatlas.ai/funds/reinventure) — Seed, Series A, Series B, Series C
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Series A, Series B
- Carthona Capital (https://capitalatlas.ai/funds/carthona-capital) — Series A, Series B, Series C
- Cc Esif No.1 General Partner Pty Ltd — Series A, Series B
- Perennial Partners — Series B, Series C
- Pounamu Capital Pty Ltd — Series B
- Lali Holdings Pty Ltd — Series B
- Four Under Five Pty Ltd — Series B
- OneVentures (https://capitalatlas.ai/funds/oneventures) — Series B
- Mainstream Fund Services — Series B
- Churchtown Investments Pty Limited — Series B
- Australian Retirement Trust — Series C
- AirTree Ventures (https://capitalatlas.ai/funds/airtree-ventures) — Series C
- SecondQuarter Ventures (https://capitalatlas.ai/funds/secondquarter-ventures) — Series C
- Premier Capital Partners (https://capitalatlas.ai/funds/premier-capital-partners) — Series C