Pearler lands $12M Series A to expand Australian investing platform

What's the deal? Sydney-based investing platform Pearler has raised A$16 million (about $12 million) in a Series A round, closing after a year-long effort. Eucalyptus co-founder Charlie GearsideDealroom has a profile for this one. Try Dealroom → and the Partners Horizon Fund — backed by financial services veteran Chris Cuffe — joined the round, which was led by PortageDealroom has a profile for this one. Try Dealroom →.

What's the endgame? Pearler, founded in 2019, runs a platform aimed at long-term wealth building and financial independence. It offers access to Australian and US shares, index investing, micro-investing, superannuation, and first-home deposit savings.

What's the money for? The company plans to develop products for investors managing portfolios, retirement savings, and first-home deposits. Specific plans include a new range of index-investing options, an updated superannuation offering, and services for homeowners.

Who's backing it? Alongside Portage, the round drew participation from TEN13Dealroom has a profile for this one. Try Dealroom →, Altered CapitalDealroom has a profile for this one. Try Dealroom →, No BrandDealroom has a profile for this one. Try Dealroom →, the Partners Horizon Fund, and Charlie Gearside.

The signal: At roughly $12 million, the raise sits in the upper third of comparable rounds by size — a meaningful cheque for an Australian fintech focused on retail investors and long-term saving.

Read more: thesaasnews.com, startupdaily.net

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