Melbourne’s Affinda doubles in value to $220m amid AI excitement
Summary
Melbourne-based AI software firm Affinda raised $25 million in a new funding round led by existing backers including Paul Little, increasing its valuation to $220 million. The round came via ordinary shares and taps well-known investors such as Ellerston Capital co-founder Ashok Jacob and former MYOB and REA Group CEO Greg Ellis. Affinda last raised capital at a $120 million valuation in mid-2024, so the new funding effectively doubles its value. The CEO frames the company as one of the disruptors benefiting from current AI investor enthusiasm.
Funding
Amount
$16.3M
Total raised
Date
February 16, 2026
Announcement date
Investors
Ellerston Capital, MYOB
Lead investors
Company
affinda.com
Funded company
Classifications
industries
No industries detected
applications
Accounting and Taxes
AskAI Classifications
Labels
Intelligent Document Processing
SaaS
API Platform
Linked Companies
Affinda
$1M to $5M