Scalare Partners has bolstered its founder support ecosystem through the acquisitions of Tank Stream Labs and Planet Startup, already driving significant revenue growth and expanding its national footprint.
- Acquired Tank Stream Labs, adding flexible office space across three cities
- Tank Stream Labs acquisition generating $842,000 in annualised revenue
- Completed acquisition of virtual CFO service provider Planet Startup
- Raised $3.09 million via share placement and purchase plan to fund acquisitions
- Cash balance of $1.25 million at quarter end to support ongoing growth
Strategic Acquisitions Expand Scalare’s Ecosystem
Scalare Partners Holdings Limited (ASX, SCP) has taken decisive steps to deepen its role as a technology accelerator by completing two key acquisitions in the first quarter of fiscal 2026. The company acquired Tank Stream Labs (TSL), a leading provider of flexible office space tailored to Australia’s technology startups, and Planet Startup, a virtual CFO services firm. These moves are part of Scalare’s broader strategy to build a comprehensive support ecosystem for early-stage founders.
Tank Stream Labs, A Physical Footprint with Immediate Revenue Impact
TSL, with campuses in Sydney, Melbourne, and Adelaide, brings over 235 startup tenants and a database of more than 6,000 innovators into Scalare’s fold. Since the acquisition’s completion on 10 September 2025, 12 companies from Scalare’s portfolio have already relocated to TSL offices, generating an annualised revenue uplift of $842,000. This physical infrastructure complements Scalare’s existing digital platform, enhancing its ability to offer flexible workspace solutions and foster community engagement nationwide.
Planet Startup Strengthens Financial Services Offering
The acquisition of Planet Startup, finalized on 30 September 2025, adds a high-performing virtual CFO service to Scalare’s suite. Despite being a relatively young company, Planet Startup has demonstrated rapid growth with a 26% increase in annualised revenue from FY24 to FY25 while maintaining profitability. Integrating these financial services will help Scalare’s portfolio companies better understand their financial performance and prepare for scaling or investment opportunities.
Capital Raise and Financial Position
To fund these acquisitions, Scalare successfully raised $3.09 million through a share placement and purchase plan, reflecting strong investor confidence in its growth model. At the end of the quarter, the company held $1.25 million in cash, providing a solid runway to support ongoing expansion and operational needs. While the full financial impact of the acquisitions will be reflected in the December 2025 quarter results, early indicators suggest a positive trajectory.
Looking Ahead, Building Australia’s Leading Founder Ecosystem
CEO Carolyn Breeze highlighted that these acquisitions significantly strengthen Scalare’s foundation across service, capital, and community offerings. The company continues to explore further acquisition opportunities to complement its internal solutions and expand its ecosystem. With a growing physical presence and enhanced service capabilities, Scalare is positioning itself as a pivotal player in Australia’s early-stage technology sector.
Bottom Line?
Scalare’s strategic acquisitions set the stage for accelerated growth, but investors will watch closely for full financial integration in upcoming quarters.
Questions in the middle?
- How will the full quarter impact of these acquisitions affect Scalare’s profitability and cash flow?
- What additional acquisition targets might Scalare pursue to further enhance its ecosystem?
- How will Scalare leverage its expanded physical footprint to increase tenant occupancy and revenue?