British money backs Aussie start-up two years after rejection

Sydney-based customer communications start-up Pendula has closed a $14.5 million funding round led by Octopus Ventures after turning down the London-based investor in 2021.

Pendula chief executive Alex Colvin, who founded the company in 2017, said Octopus Ventures had a watching brief on the company’s progress for the past two years after the firm offered to lead its earlier $6.75 million series B funding round.