Carbar has raised $28.9 million in a funding round led by IAG and Seven West Media. IAG, Australia’s biggest insurer, already has a majority stake in digital car subscription and trading startup Carbar following a $16.8 million raise in 2019. Founded in Melbourne in 2016 as a virtual car dealership, Carbar now has 80 employees… Read more »
HelpPay, a fintech for people seeking help to pay bills, has raised $2.4 million in series A ahead of its public launch this Monday, November 29. The first-of-its-kind platform lets people securely share bills with family and friends via a smartphone app, allowing others to chip in and help pay them off. Unlike crowdfunding options… Read more »
Melbourne construction tech startup BuildPass has raised $1 million in a pre-seed round. The raise was backed by local construction industry companies and strategic US-based investors with the company looking to expand into the US market in the next 1-2 years. BuildPass was co-founded by Matt Perrott and Aaron Vanston, who met with principle engineer, James… Read more »
Edtech startup Academy Xi has raised an additional $4.4 million to top up a $9.6 million round for a total raise of $14 million. New investors included philanthropist Robert McLean, Cuscal chair Bill Conn and funds manager Milford Asset Management. Previous backers Alium Capital Management, Giant Leap Fund, Pangaea Impact Investments and Perle Ventures backed… Read more »
Australian fintech Rush Gold (previously SendGold) has raised a $3 million Series A The round, led by Dragon Tree Capital, with several new backers including Andrew Barlow, Rami de Marchi, Prof. Gustavo Schwenkler, Tom Krulis and Matt Bailey hitting the EFT button alongside several existing shareholders including entrepreneur Darren Harrison. The venture, which is building… Read more »
Sydney health analytics startup Prospection, which uses AI and machine learning to provide patients insights on potentially life-threatening diseases, has raised $45 million in a series B. The round was led by Ellerston Capital’s JAADE fund, chipping in $30 million, with the balance coming from existing backers, the CSIRO VC fund Main Sequence Ventures, and Hong… Read more »
An artificial intelligence startup making AI accessible to smaller companies has raised A$2.75 million (US$2m) in a pre-series A round. Pi.Exchange describes itself as an AI-as-a-Service provider and is targeting the banking and retail to professional services sectors with its product. Investors included AI-dedicated VC Boab AI, Artesian, Nextrans and Vision Creator, alongside additional support… Read more »
Sydney startup Dovetail has raised A$5 million in a round led by US VC Felicis Ventures. The raise was also supported by Mike Cannon-Brookes’ family investment vehicle Grok Ventures, Didier Elzinga, the co-founder of Culture Amp, and Blackbird Ventures. The software company enables teams to make better decisions through deep customer understanding, and will use… Read more »
New York private equity venture Insight Partners has made another investment down south, leading a NS$17 million (A$16.2m) series A into New Zealand legal tech LawVu. AirTree Ventures returned for this round, having been part of a A$2.3 million pre-series A in May that also saw investments from US-based Shasta Ventures and NZ Growth Capital… Read more »
Employee engagement platform Culture Amp has raised US$100 million (A$135m) in a series F that doubles the tech startup’s valuation to $2 billion in just two years. The fresh round gives the business a US$1.5 billion (A$2.02bn) valuation, double its worth since 2019’s US$82 million (AU$121m) in series E. The raise was led by TDM… Read more »
Mixed Martial Arts (MMA) program Wimp 2 Warrior has raised $7.5 million to go digital. The raise was backed by the News Corp Scaleup Media Fund, Mark Bouris, the Smorgon family’s Sandbar Investments, Altor Capital, Shaw & Partners, and Lucerne Investment Partners. The venture last raised $2 million two years ago from ex-MLC CEO Geoff… Read more »
A Melbourne startup aiming to be the Canva of 3D presentations has raised $6 million in a series A round. Existing investors Rampersand, Boost VC and Investible backed JigSpace once again along with new investors including Vulpes, and Roger Allen’s Patagorang Investment Group. The four-year-old venture, which only launched its product 12 months ago and… Read more »
A Melbourne medtech building hypnosis-based therapeutic apps to help people self-manage a range of illnesses has raised a US$5 million (A$6.5m) seed round. San Francisco angel investor and startup founder James Beshara led the round for Y Combinator-backed Mindset Health joined by Giant Leap, Banana Capital, Fifty Years, and several angel investors. Mindset Health partners with health… Read more »
Parcel delivery service Sendle has raised $45 million in a series C. The round was led by Afterpay-backed AP Ventures alongside existing investors including Federation, Full Circle and NRMA Insurance. Afterpay has a majority stake in AP Ventures – not to be confused with the British VC of the same name – and counts billionaire… Read more »
Melbourne fintech Zeller turbo-charged its balance sheet a week before it launched in early May, with US firm Spark Capital leading a $50 million extension on its series A round, making it the country’s most valuable pre-launch startup. Existing backers Square Peg, Apex Capital Partners and Addition joined the latest raise. Founded by former Square… Read more »
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