The Numbers
Three startups across Australia and New Zealand raised $81 million this week, with Sydney's Ordermentum taking the majority at $55 million from Five V Capital.
Melbourne defence tech Arkeus closed a Series A (amount undisclosed), and New Zealand music platform Lume secured funding from high-profile backers including artist Lorde.
What They Actually Do
Ordermentum connects food wholesalers to 45,000+ restaurants and cafes across ANZ. Founded in 2014 by former restaurateur Mark Carnie, it digitises the hospitality supply chain: venues order from vetted suppliers, suppliers manage catalogue and delivery, both sides sync data to their accounting systems. Previous backing from AirTree Ventures. The platform handles everything from butchers to specialty grocers selling into the foodservice market.
Arkeus builds autonomous surveillance systems for defence and border security, focused on AI-enabled maritime detection. It is NZ deep tech, still early-stage, selling into government and strategic buyers rather than enterprise software channels. Limited public headcount or revenue data, most traction signals come from funding rounds and technical partnerships.
Lume is an early-stage NZ digital music platform. Public operating details are thin, likely founder-led commercial motion with modest headcount. The Lorde backing generates buzz but the real question for scale is whether they have named commercial leadership before building out an ANZ sales org.
What It Means for Sales Teams
Ordermentum's $55M suggests continued investor appetite for proven B2B platforms with scale: 45,000 venues is real market penetration. If they are hiring AEs or expanding territory coverage, expect Sydney-based roles with hospitality vertical experience.
Arkeus and Lume are earlier: defence tech sales cycles are long and government-focused, not typical enterprise quota-carrying roles. Lume is pre-launch, so any commercial hires will be foundational GTM, not ramped pipeline execution.
Worth watching: whether Ordermentum uses this capital to expand beyond ANZ or double down on supplier density in existing markets. Series B funding often means 2 AEs become 8, but hospitality software requires different playbooks than SaaS.