Capital Raising Archives

Brands collaboration marketplace Partnar banks $200,000 Seed round from Skalata

Startup Daily - February 20, 2023 2 MIN READ

B2B marketing partnerships platform Partnar has raised $200,000 in a Seed investment from Melbourne early-stage VC Skalata Ventures. The marketplace startup describes itself as a “matchmaker for business collaborations” connecting brands and businesses in the face of rising costs and decreasing reliability from online advertising. Partnar offers an alternative to pay-per-click marketing campaigns for brands to… Read more »

Funding

Agtech robotics management platform SwarmFarm plants $12 million Series A

Simon Thomsen - February 15, 2023 3 MIN READ

Farming automation management startup SwarmFarm Robotics has raised $12 million in a Series A to address agriculture’s worker shortage. The round was led by Canadian agtech fund Emmertech, from Conexus Venture Capital, supported by Brisbane VC Tribe Global Ventures and South Australia’s Access Capital. Existing investors Tenacious Ventures and GrainInnovate, the Grains Research and Development Corporation… Read more »

Quantum Brilliance, Andrew Horsley, Marcus Doherty, Mark Luo.

Funding

Quantum computer startup Quantum Brilliance lands $26 million raise

Simon Thomsen - February 15, 2023 2 MIN READ

Canberra quantum computing startup Quantum Brilliance, has raised US$18 million (A$26m) as it looks to expand internationally. The raise was backed by Breakthrough Victoria, which chipped in $8 million, as well as CSIRO VC fund Main Sequence, Investible, Ultratech Capital, MA Financial, Jelix Ventures, Rampersand and CM Equity. The capital is to expand international operations, deliver… Read more »

Funding

Business lender Shift banks $27 million from Sequoia Capital

Simon Thomsen - February 15, 2023 2 MIN READ

Small business credit fintech Shift has raised $27 million in fresh capital, led by Sequoia Capital Southeast Asia. The 10-year-0ld fintech provides credit and payment platforms to help businesses trade, pay and access funds. It was previously known as GetCapital, having rebranded as Shift in October 2021. The company is calling this a Series C.… Read more »

Funding

Climate change agtech startup Loam raises $105 million Series B

Simon Thomsen - February 14, 2023 2 MIN READ

Decarbonisation startup Loam, which uses microbes to sequester carbon in farm soils, has raised $105 million in a Series B. The latest raise comes 20 months after its $40 million Series A – and brings the total raised to $150 million Loam’s Series B was co-led by US climate-focused VC Lowercarbon Capital and former Macquarie… Read more »

Funding

Queensland job matching startup Getahead raises $1.38m pre-Seed round

Simon Thomsen - February 13, 2023 2 MIN READ

Brisbane recruitment tech startup, Getahead, which pitches itself as “Tinder for jobs”, has raised $1.38 million in pre-Seed funding The round was led by Ezidebit founder Michael Dempsey’s investment fund, Pipeline Capital, supported by Di Bella Coffee founder Phil Di Bella. Founder Sam McNamara launched Getahead in December last year with the goal of reducing… Read more »

Funding

Kiwi brand tracking startup Tracksuit bags $6.8 million Seed round

Simon Thomsen - February 13, 2023 2 MIN READ

New Zealand brand tracking startup Tracksuit has raised NZ$7.5 million (A$6.8m) in Seed round. The raise was led by Blackbird, which chipped in $3.6 million, supported by Kiwi VC Icehouse Ventures, Ascential, Shasta Ventures and veteran brand consultant Mark Ritson. Tracksuit helps companies measure and understand brand value via weekly global surveys to track consumer… Read more »

Cryptocurrency

Fintech CryptoSpend hunts for $5 million Series A to begin global push

Simon Thomsen - February 10, 2023 2 MIN READ

Sydney fintech CryptoSpend is looking to raise $5 million in a Series A as it sets its sights on expansion into Asia and New Zealand. CryptoSpend launched the first Australian native crypto Visa card in late 2021, which allows users to spend their crypto like cash. Its existing backers include fintech veteran Andrew Porter and the… Read more »

Funding

Osher Günsberg & ethicist Peter Singer back mushroom ‘meat’ startup Fable Food Co in $12.3 million Series A

Simon Thomsen - February 9, 2023 3 MIN READ

Queensland meat alternative startup Fable has raised US$8.5 million (A$12.3m) as it ramps up its expansion in global markets. The round was led by Singapore VC 3 Ventures, supported by Better Bite Ventures, former YUM CEO Greg Creed, the expat Australian ethicist and animal rights campaigner Professor Peter Singer, SaladStop founders Frantz Braha and Adrien… Read more »

Fabrum Fabrum founders Hugh Reynolds, Christopher Boyle, and Dr Ojas Mahapatra

Funding

Andrew Forrest backs Kiwi hydrogen tech startup Fabrum in NZ$23 million Series A

Simon Thomsen - February 8, 2023 2 MIN READ

New Zealand liquid hydrogen tech company Fabrum has raised NZ$23 million (A$21m) in a Series A The round was led by London VC AP Ventures, with participation from Dr Andrew Forrest’s Fortescue Future Industries, Japan’s Obayashi Corporation and New Zealand VC K1W1. The Christchurch-based venture, founded in 2004, is considered a world leader in industrialised… Read more »

Funding

Workplace coaching platform Fingerprint for Success raises $6.5 million

Simon Thomsen - February 2, 2023 3 MIN READ

Fingerprint for Success (F4S), an artificial intelligence (AI)-based performance coaching startup used by tech companies such as Atlassian, AWS, Hubspot and Canva has raised $6.5 million in a second Seed round. The raise was led by local VC Investible and its syndicate group, Club Investible, supported by US firms Five V Capital, and Salesforce Ventures.… Read more »

Funding

Quantum startup Q-CTRL lands $39 million in Series B top up led by Salesforce Ventures

Simon Thomsen - February 1, 2023 3 MIN READ

Salesforce Ventures becomes new investor Wallabies legend John Eales also backed Q-CTRL A record A$74m was raised in the Series B Sydney quantum software startup Q–CTRL has raised US$27.4 million (A$39m) in an extension of its Series B Several new investors joined Q–CTRL’s cap table, including Salesforce Ventures, the VC arm of the US software… Read more »

The Hnry team - Karan Anand, James Fuller and Claire Fuller

Funding

Self-employed bookkeeping platform Hnry books $35 million Series B

Simon Thomsen - January 31, 2023 2 MIN READ

New Zealand-founded accounting fintech Hnry has raised A$35 million in a Series B as it looks to go global. The round was led by local VC AirTree Ventures, supported by existing New York-based backer Left Lane Capital, Akshay Kothari, cofounder of California software company Notion, and Athletic Ventures, the sports star investment syndicate that includes AFL… Read more »

Funding

Catering marketplace FoodByUs raises $12 million in Series B

Simon Thomsen - January 30, 2023 2 MIN READ

Wholesale hospitality marketplace FoodByUs has raised $12 million in a Series B. The round was led by South African VC Base Capital, supported by New York’s FJ Labs, and Trawalla Group, plus with follow-on funding from founding investor Macquarie Capital. FoodByUs previously raised $10 million in a Series A in November 2021 and then spent… Read more »

Funding

Milkrun, the last local grocery delivery standing, is still trying to find fresh capital after raising $75 million

Simon Thomsen - January 27, 2023 3 MIN READ

Rapid grocery delivery service Milkrun tried to raise additional cash twice in 2022, despite starting the year with $75 million from Tiger Global in a Series A last January, but couldn’t attract investors amid the financial failure of its rivals. The Australian reports that the Sydney startup touted its Series B pitch deck to potential backers… Read more »