The venture capital fund of the Singtel Group and Singapore Airlines have joined three of Australia's big four banks and Qantas as investors in Data Republic, a data-sharing platform creating secure infrastructure that could facilitate a new bilateral market for trade in data between Australia and Singapore.
The $22 million Series B raising was backed by existing investors Qualgro, a Singapore-based VC fund, Westpac's corporate venture fund Reinventure Group, ANZ Banking Group and Ryder Innovation Fund.
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James Eyers writes on banking, finance, payments, regulation and emerging technologies. Based in Sydney, he is a former legal and investment banking editor at the AFR and has been a business journalist for more than 20 years. Email James at jeyers@afr.com.au
