{"id":43573,"date":"2023-10-20T15:29:33","date_gmt":"2023-10-20T15:29:33","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/sydney-startup-maestrano-scores-4-million-as-it-looks-to-become-the-next-australian-success-story-startupsmart\/"},"modified":"2023-10-20T15:29:33","modified_gmt":"2023-10-20T15:29:33","slug":"sydney-startup-maestrano-scores-4-million-as-it-looks-to-become-the-next-australian-success-story-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/sydney-startup-maestrano-scores-4-million-as-it-looks-to-become-the-next-australian-success-story-startupsmart\/","title":{"rendered":"Sydney startup Maestrano scores $4 million as it looks to become the next Australian success story – StartupSmart"},"content":{"rendered":"
Sydney startup Maestrano has closed a $4 million funding round led by Macquarie Group co-founder Allan Moss as the company aims to become the next Australian global success story.<\/p>\n
Acorn Capital also contributed to the funding round in the cloud applications aggregator startup, and Maestrano co-founder Stephane Ibos says the capital injection isn\u2019t about giving the company runway, but rather accelerating its growth around the world.<\/p>\n
\u201cWe\u2019re fundraising not as a matter of business survival but as a matter of growth,\u201d Ibos tells StartupSmart<\/em>.<\/p>\n \u201cBefore fundraising the company was already breaking even. The business could just keep going at the current pace and organically grow but we think that the time to market is now if we want to really help our enterprise partners and SMEs.\u201d<\/p>\n Maestrano is a SaaS platform that offers enterprises open-source cloud applications with no fixed contracts or licences. Clients can pay per hour or for a one-off use of the service.<\/p>\n Ibos says getting the backing of such a prominent businessman is strong validation for the startup, and he was pleasantly surprised by how down to earth Moss was during the discussions.<\/p>\n \u201cWhat struck me as a relatively young entrepreneur was Allan\u2019s incredible kindness and modesty,\u201d he says.<\/p>\n \u201cHe\u2019s undoubtedly a very highly successful and well-regarded guy and it was very humbling dealing with someone like him.<\/p>\n \u201cNo matter your success, modesty is still the prime quality of someone.\u201d<\/p>\n Ibos and his co-founder Arnaud Lachaume, who are both originally from France, have a personal goal of establishing a globally successful startup that can remain based in Australia.<\/p>\n \u201cWe want to build a global company that is Australian born and bred,\u201d Ibos says.<\/p>\n \u201cIt makes us really proud to raise growth funding from Australia. We hear a lot that it\u2019s not a favourable environment compared to the US or Israel, that it\u2019s less supportive and has less opportunities. I really don\u2019t agree with that. It\u2019s a fantastic place to build a startup.<\/p>\n \u201cIf Maestrano can show that Australia can produce great global startups then that will make us really happy.\u201d<\/p>\nAustralian company on a global stage<\/h3>\n