Street Talk

Couple’s start-up clinches $25m valuation with Blackbird backing

Sarah Thompson, Kanika Sood and Emma Rapaport

Feb 13, 2025 – 5.00am

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Melbourne duo Derek and Kylie Troy-West have landed a $25 million valuation for their enterprise technology start-up as the pair secure venture capital backing and rule off a capital raising.

Street Talk can reveal Factor House has secured $5 million in growth funding, marking the first time the start-up has taken external money.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.