Melbourne fintech tikpay has raised $1.6 million in a pre-Seed round ahead of the launch of its pioneering account-based ticketing (ABT) and payments platform. The round was led by AfterWork Ventures and Black Nova VC with participation from Investible, Func Ventures, Metagrove Ventures, and two transport industry insiders. While Sydney commuters have been able to… Read more »
You’re a startup raising capital between pre-seed and Series A and struggling to find a lead investor – have you thought about a party round? But before we start the party, let me explain the purpose of a lead investor. When you typically raise capital there is one investor who takes the lead in the… Read more »
The founders of TradeGecko and Advocately, Cameron Priest and Patrick Barnes, are back with a bang thanks to their new e-commerce startup, Amp, which has secured US$18.5 million (A$28.5m) in a series A, having only launched last year. AMP is their solution for the challenge retailers face in using dozens of different apps to run… Read more »
Merchandise data startup Flagship has raised $2 million in a Seed round to help retailers to make better data-based decisions of maximising product appeal for in-store shoppers The round led by Sydney VC Tidal Ventures, with support from Afterpay’s billionaire cofounder Nick Molnar, backing his brother Simon’s startup play. Macdoch and Co Ventures, NRL player Luke… Read more »
Melbourne-based proptech Listing Loop has closed the first tranche of its Series A, securing $2.1 million. Cofounder and CEO Rhett Dallwitz said the startup has more than 75% of its commitments and will finalise the balance of $500,000 over the coming weeks. “With a 174% YoY revenue growth, our company is at pivotal stage of… Read more »
Victorian agtech startups have access to a new funding source with LaunchVic backing a new $1 million angel sidecar fund backed by Agriculture Victoria. The Hugh Victor McKay Fund is named in honour of the inventor who patented the combine harvester in the 1880s, one of the most important agricultural innovations in recent history. The… Read more »
Should you, or should you not take investor money? There are two schools of thought, and both have merit; it just depends on what you want and how quickly you want to achieve it. For example, if you are a 21-year-old tech grad building a software company out of your garage, and you want to… Read more »
Sydney satellite monitoring startup HEO Robotics has raised $12 million in a Series A two years after its last round. The raise was led by Sydney VC AirTree Ventures with support from the new $40 million sovereign capabilities early-stage fund Salus Ventures. Salus invest up to $1.5 million into initial rounds for cutting-edge tech for… Read more »
A Melbourne startup founded by two former Amazon employees to improve online search for related objects has raised US$5.2 million (A$8.1m) in a Seed round led by Blackbird. Marqo is an AI-powered vector search engine. Vector search is a way to find related objects with similar characteristics using machine learning to find semantic relationships. The raise was… Read more »
Sydney virtual reality startup Curiious has found a new niche for its technology, helping companies embrace 3D worlds for customer engagement, job training and marketing. The veteran visual content business Curiious, best known for its Vivid Opera House projections, this year featured the late artist John Olsen, has raised $1 million led by seed VC… Read more »
An expat Queenslander who found his fortune building HR data analytics startup One Model in the US has scored funding from the state government-backed QIC as part of a US$41 million (A$64m) Series B. The investment will see HR Data and Analytics expert Chris Butler, who grew up in Brisbane, studied IT and software engineering… Read more »
Local VC Blackbird and other early stage investors in SafetyCulture look set for a second bite of the exit cherry as the company turns 20 next year, with up to $500 million worth of existing shares being offered for sale to investors more than three years after shareholders in the privately-owned business last offloaded stakes… Read more »
Sydney-founded cloud security startup Kivera has raised $5.1 million in a fresh seed round from US and Canadian investors as it looks to deep its roots in the North American market. The raise led by Canada’s Round 13 Capital, an existing backer, and New York cybersecurity investor General Advance. Senior executives from Amazon, Google, Shift5,… Read more »
Collingwood supporter and investor Alex Waislitz has led an $11 million raise via his Thorney Investment Group into an ecommerce startup that’s pivoted from being a surfboard rental business to underpinning retailers such as Patagonia. Five-year-old Awayco is a unified ecommerce solution that includes retail Point of Sale (POS), rental and appointments for retailers to… Read more »
Breakthrough Victoria has backed Navi Medical Technologies as part of a $2.4 million raise to develop a medical device for newborn babies and children. The state government investment fund was lead investor chipping in $700,000, with the federal government also backing the medtech startup with grants. Also backing the round was Medtech Actuator and Artesian VC.… Read more »
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