Roubler closes Series A funding round with Carthona's backing
Summary
Workforce management and payroll software business Roubler has closed its first venture capital funding round of $US3.3 million, securing the backing of local venture firm Carthona Capital. Street Talk understands that $US2 million of the Series A funding was fronted by Carthona, with the remaining $US1.3 million coming from European and Singaporean high net worth investors. Carthona was the first investor in student loan business Credible Labs, that was bought out by broadcaster Fox Corporation earlier this year, as reported in Street Talk. In fact, Street Talk understands it was the founder of Credible, Stephen Dash, who introduced Roubler chief executive Andrew Northcott to the Carthona team three years ago. "I deeply understand the importance of the right partner and was again looking for a true partner to go on this journey and having got to know Carthona over the years, they really ticked this box for us," Northcott told Street Talk.