Inside a $111 million deal: How HR startup Deputy secured the biggest Aussie Series B raise of all time

Last week, Sydney-based startup Deputy bagged a whopping $111 million in a deal touted as Australia’s biggest Series B ever.

But what was it about this startup that attracted so much interest? And how did this founder win his investors’ hearts, minds and money?

The investment was led by Silicon Valley venture capital firm IVP, and also included repeat investment from OpenView, which led the startup’s $33 million Series A round last year.

New Aussie investment also came from Equity Venture Partners and Square Peg Capital.