{"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":"
\"Maestrano<\/div>\n

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

Australian company on a global stage<\/h3>\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>\n

Maestrano has now raised a total of $7.4 million across three funding rounds<\/a>, and the latest capital injection will go towards \u201ccustomer success\u201d efforts and accelerate the company\u2019s technology roadmap.<\/p>\n

\u201cWe\u2019re definitely a technology company, and we\u2019ve reached a stage of maturity in the product where we see a lot of opportunities going further,\u201d Ibos says.<\/p>\n

After launching two years ago<\/a>, Ibos says the startup\u2019s growth has been rapid, especially across the last 12 months.<\/p>\n

\u201cWe\u2019re growing quite exponentially in terms of enterprise clients and reach,\u201d he says.<\/p>\n

\u201cMaestrano as a business today has almost nothing to do with Maestrano a year ago, from a maturity, revenue and reach point of view.<\/p>\n

\u201cThis comes with all the good challenges of rapidly scaling a business.\u201d<\/p>\n

Transparency and honesty<\/h3>\n

The founder says the key lesson from the latest funding round is that it always pays to be open and honest.<\/p>\n

\u201cYou always have to be 100% honest and transparent with your investors,\u201d Ibos says.<\/p>\n

\u201cThere\u2019s nothing you can hide and there\u2019s nothing you should want to hide. These are people that will inject money to support your project so if you hide things and you don\u2019t tell the truth then you\u2019re just setting yourself up for a very, very bad time in the future.<\/p>\n

\u201cYou have to be patient too, and start working together with them as a team before they\u2019ve put any money in.<\/p>\n

\u201cIt\u2019s intense, it\u2019s quite exciting and it\u2019s a bit scary, but all in all if you\u2019re transparent and honest then things will be fine.\u201d<\/p>\n

Follow StartupSmart on<\/em> Facebook,<\/em> Twitter,<\/em> LinkedIn<\/em> and<\/em> Soundcloud.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Sydney startup Maestrano has closed a $4 million funding round led by Macquarie Group co-founder Allan Moss as the company aims<\/p>\n","protected":false},"author":1,"featured_media":59718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/43573"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=43573"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/43573\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/59718"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=43573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=43573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=43573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}