Melbourne startup Blinq secures US$25m in Series A funding
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The news: Melbourne startup Blinq, which started as a hobby project in 2017, has raised USD25 million ($38.5 million) in a Series A funding round led by Touring Capital.
Existing investors Blackbird Ventures and Square Peg Capital also participated in the round, with HubSpot Ventures joining as a new investor.
The context: Blinq offers a digital business card app with a QR-code widget and now has more than 2.5 million users across 500,000 companies in the US, Canada, the UK and Australia.
CEO and founder Jarrod Webb said growth accelerated after Android caught up on QR scanning in late 2019 and QR codes went mainstream during COVID.
The app lets users create several customised digital business cards for different needs and share them using QR codes, email signatures, NFCs, short links or video call backgrounds. It can automatically capture details and sync them with CRM systems such as HubSpot or Salesforce.
Eighty percent of Blinq’s customer base is in the US. The team has grown from five people in Melbourne to 67 across Sydney, Melbourne, New York and San Francisco. Blinq competes with other digital business card providers like Mobilo, Popl, Wave and Wix, as well as broader networking platforms such as LinkedIn and Linktree.
What they said: “What’s striking about Blinq is how naturally the product spreads - especially in tight geographic clusters like we’re seeing in some US cities. That kind of network effect is a sign of something that can really scale,” Square Peg partner James Tynan said in a statement.
The source: Blinq release
