UK VC firm leads $9.4m round for Australia's Pendula | AVCJ

Octopus Ventures, a venture capital firm located in the United Kingdom, has taken the lead in procuring a funding round worth AUD 14.5 million (equivalent to USD 9.4 million) for Pendula. Pendula, an Australian company, specializes in providing a platform for customer retention.

Equity Venture Partners (EVP) and MA Financial Group, an asset manager listed on the Sydney stock exchange, were also involved in the investment. EVP has been a shareholder since at least 2019, when it contributed AUD 3.5 million in funding. MA Financial, on the other hand, supplied...

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