Paul Little family office invests in Affinda Group’s $120M round

Paul Little family office invests in Affinda Group's $120M round

We created this article as part of our research process for our Australian single family office database. Here, we are highlighting an investment of the single family office of Paul Little.

Affinda is a Sydney-based startup that has been founded 12 years ago. The company is mainly offering an AI-powered platform that enables document-agnostic processing solutions. The platform can, for instance, be used to parse resumes of potential job candidates, to extract invoices, or to parse passports and birth certificates. In the last 18 months, the firm has now doubled its valuation to $120M. Additional $10M were raised by investors such as the founder of Ellerston capital, fund manager Craig Binham and the former REA Group CEO Greg Ellis. Another investor is the single family office of Paul Little, the founder of Toll Group, an Australian logistics and transportation firm.

Australian single family office of Paul Little

The Little Group was launched in 2006. Initially, the family office focused on real estate investments and developments. Today, the single family office is active in various verticals. For instance, the family office invests in aviation (Melbourne Jet Base, Kanana), Lifestyle (multiple hotels), Marine Transport (e.g. Port Philip Ferries) and also private equity and seed investments. Seed investments are mainly pursued through the co-founded company Skalata Ventures. Skalata is an active investor that has, for instance, invested in SwitchBoard, hümii or WorkRex. Now, the Little single family office has also invested in the promising AI solution Affinda.

Article Source: AFR
Picture source: Markus Spiske

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