Financial advice startup Lumiant, has extended its $1.17 million seed capital raise through equity crowdfunding site Equitise and is now looking to raise a further $2 million. The fintech it’s seeking the additional capital amid high demand for its services to investing in its ability to scale and increase distribution across Australia. Lumiant is a… Read more »
Emmi, a carbon risk management startup that lets institutional investors improve their understanding of how financially exposed they are to carbon risks, has launched after attracting a series of high profile investors to join its board. Tim Samway, chair of Hyperion Asset Management, Coca-Cola Amatil and Boral director Catherine Brenner and Startmate investor Patrick Sieb… Read more »
Construction tech platform Mooven has raised $5 million in a series A. VC firm Equity Venture Partners led the round supported by Five Ventures Investment. The funds are earmarked to scale its Australian and New Zealand teams, and prepare for expansion into the United States. Mooven provides construction teams, project managers and governments with the… Read more »
Melbourne-based workforce management startup Ento has closed a $5 million Series B, with its backers eyeing an ASX listing. The round was led by Perennial Value Management, with existing investor AirTree Ventures chipping in once again. The funds will be used to double the size of the current team of 40, open offices in Sydney and… Read more »
Ivvy, a cloud-based event and venue management platform, has raised A$7 million in a pre-IPO round. The pre-IPO raise was led by Thorney Investment Group, and Gandel Invest, led by Tony Gandel. Ivvy plans to list on the ASX within the next 12 months. The 12-year-old venture has now raised $20 million in funding, including a $6… Read more »
US-based Tiger Global Management’s aggressive global investment strategy has seen it lead a $40 million funding round for Robinhood-like Australian digital broker Stake. The New York investment firm has previously backed local startups Tyro and Safetyculture, alongside the likes of Coinbase, Airbnb and Clubhouse, and was joined in the round by partners of London-based DST… Read more »
Australian e-bike venture Zoomo has raised $16 million in a fresh round just eight months after a $16 million series A. The new raise, led by AirTree Ventures as a new investor, also saw existing backers the Clean Energy Finance Corporation (CEFC), Maniv Mobility and Contrarian Ventures. Cleantech-focused US investors Winthrop Square and Wisdom VC… Read more »
US-based venture capital firm Insight Partners has led a US$73 million (A$95m) investment into workplace safety venture that nearly doubles the value of the startup to US$1.6bn (A$2.1bn). The deal comes just a fortnight after Insight was the sole backer of Brisbane software startup Octopus Deploy in a US$172.5 million (A$220m) round. Existing invest Tiger… Read more »
Melbourne-based ESN Cleer says it’s now just months away from delivering a major medical breakthrough – the world’s first early risk detection screening test for heart disease – after raising $650,000 via crowd-funding site VentureCrowd. The raise was topped up by another $50,000 direct investment. The medtech startup has developed a simple saliva test that… Read more »
Australian design giant Canva has a staggering new valuation of US$15 billion (A$19.6bn) following a fresh US$71 million (A$93m) investment. That figure more than doubles the company’s last A$8.7 billion valuation in less than 12 months following an A$87 million raise in June 2020. In just 18 months, the privately-owned design startup has more than… Read more »
Consumer Data Right startup Adatree has raised $1.2 million in a seed round co-founder Jill Berry says was nearly three-times oversubscribed. Tyro Payment co-founder Peter Haig and the company’s chair, Kerry Roxburgh, led the round alongside Equity Seed, Kylie Frazer and Rachael Neumann of Eleanor Ventures, and bank executive Angus McBean. Equity Seed’s Mark Hutchins is… Read more »
When Michael Koss landed in India last year to work on developing his joint venture Australian-Indian startup, Digitology Healthtech, little did he realise the important role the technology would play in his own health and saving his life. Koss is CEO of Health and Patient Services (HPS), which is developing the startup with Indian healthcare… Read more »
Beforepay (previously Cheq), the fintech version of a payday lender, has raised $9 million in a pre-IPO round led by Alium Capital. The company is looking to list this year, having now raised around $17 million. Its previous round was $4 million just two months ago, led by Vocus founder and Airtasker chair James Spenceley. The… Read more »
Security industry tech platform Guardhouse raised $850,000 in seed funding late last year as it prepared to launch in the UK market. The Sydney startup, co-founded in 2018 by Julian Cartwright, Jack Alpe, Andrew Longworth and Keith Longworth aims to be an to be an all-in-one solution for security industry workforce management to improve workflow between… Read more »
Order fulfilment venture Shippit has raised $30 million in a series B round to expand in Asia and Australia. The round was led by New York based investment fund Tiger Global Management, which earlier this year closed an oversubscribed US$3.75 billion private-equity fund to invest in private tech companies. Germany’s Global Founders Capital was also… Read more »
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