Fivecast co-founder and CEO Brenton Cooper declined to reveal the company’s post-funding valuation, but said it had increased more than 12 times since the Series A round in 2019. He said the funding round had begun last June, and taken a bit longer than expected, because of the changing sentiment in the broader tech market. “It took us quite a while to get to a term sheet, and during that time the market turned quite severely,” Dr Cooper said. Tough funding market “Revenue multiples for VC Series A rounds went from 18x in June, down to about 8x when we...