Sydney VC OneVentures has pledged $15 million as a cornerstone investment towards a $25 million Series B raise for life sciences startup ImmVirX. The biotech startup is developing cancer treatments using oncolytic viral immunotherapies (viruses that infect and destroy cancer cells without damaging normal cells). The remaining $10 million in the Series offered to existing… Read more »
A New Zealand entrepreneur who developed virtual reality software to treat anxiety and phobias is heading to Australia as part of a bid to source additional funding to help further enhance his product. oVRcome founder Adam Hutchinson, from Christchurch, will pitch to investors at the Digital Health Festival in Melbourne starting June 6. Funding will… Read more »
A Brisbane startup that has developed waterproof coatings for packaging than ensures it’s still recyclable has raised $1.85 million in a pre-Seed round. Earthodic’s bio-based coating solution, Paperbarc, provides paper and packaging with enhanced water resistance while still being strong and recyclable. It’s a potential replacement for the current use of wax or plastic-coated packaging.… Read more »
Enterprise software startup Complexica has raised $6.5 million in a round backed by Acorn Capital. The nine-year-old Adelaide tech company has now taken on $31 million in external capital over the last two years as it ramps up the use of artificial intelligence and machine learning in software for optimising and automating sales, marketing, and… Read more »
Edtech Cleverbean has raised $200,000 in Seed funding from Victorian early-stage investor Skalata Ventures to help reduce teacher burnout, at a time when a record number are leaving the profession. The startup offers thousands of evidence-based and research-backed learning materials for the K-6 Australian English curriculum. Cleverbean was cofounded Lucy Chambers, a teacher, and Alina… Read more »
Fleet Space Technologies has raised $50 million in a Series C round that values the South Australian satellite startup at more than $350 million. The round was led by existing backers Blackbird, with support from Atlassian cofounder Mike Cannon-Brookes’ Grok Ventures, Alumni Ventures and super fund Hostplus. New to the cap table are TelstraSuper, former… Read more »
Enterprise software startup Servicely has raised $3 million as it looks to transform how people work. The round was led by Sydney B2B SaaS focused venture fund EVP. The funding is allocated towards further international expansion and enhancing the startup’s Enterprise Service Management (ESM) platform. Servicely’s software-as-a-service (SaaS) platform uses artificial intelligence (AI) to augment… Read more »
Medical cannabis company Cannaponics has raised a record-equalling $5 million – the maximum allowed under Australian law – in an equity crowdfunding campaign via Birchal. The campaign for the West Australian startup lasted just two weeks with 2,771 investors buying in. The only other company to raise the $5 million maximum was Byron Bay’s plastics… Read more »
Chalk up another $32 million to the investment tally in 2022 with belated news emerging this week that software fintech Constantinople banked a US$23 million (A$32m) Seed round in May last year. If two’s enough to be a trend, then late funding announcement are the new black after meal ordering platform Me&u revealed last month… Read more »
Danielle Morton, the Founder of agtech startup Zondii, is no stranger to doing things differently. “As a regional female founder I knew I would be an outlier on the path to big city investment,” she said. In support of this sentiment, according to research done by SBE Australia and Deloitte Access Economics she was fortunate to… Read more »
Four-year-old Melbourne online mortgage broker Finspo has raised another modest round, pulling in $2.55 million in a Series D for upgrades to its digital platform. The company did not disclose who supported the raise. Founded by ex-bankers in 2019, and launched in 2020, Finspo previously raised $2.7 million in Series A in November 2020, $4 million… Read more »
Melbourne healthtech startup Eyetelligence, which uses advanced artificial intelligence (AI) technology and retinal imaging to screen for eye and other diseases, has raised US$12 million (A$17.75m) from New York investor Ascertain. Eyetelligence’s AI-enabled products are already being commercialised in Australia, including by Bupa Optical and the optometry chain George & Matilda, as well as in… Read more »
New Zealand procurement startup Cotiss has raised $2.2 million in pre-Seed funding. The round led by Blackbird Ventures, supported by Icehouse Ventures, AfterWork Ventures, Phase One, and Co-Ventures. Cotiss is looking to help small and medium-sized procurement teams with simple, intuitive software that improves efficiency and saves money for organisations in high regulation and compliance industries… Read more »
Brisbane workplace learning platform Go1 has stitched together an undisclosed capital raising deal to acquire German summary startup Blinkist in a deal believed to be worth $100 million. Go1 has been on a merger spree since raising $140 million on a $2.8 billion valuation in June last year. GO1 previously raised $273 million in a… Read more »
Short-term rental management startup MadeComfy has raised $10 million in venture capital and debt as it looks to cover more cities across Australia. Founded in Sydney in 2015, and Airbnb strategic partner, MadeComfy previously raised $1.1 million in 2017 and then $6 million in 2018 from Investec. Commencer Capital acquired the $60 million Investec Emerging… Read more »
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