Psylo, a preclinical biotech firm, has raised $5 million in Seed funding as it looks to treat mental illness with naturally occurring psychedelic drugs. The fresh capital comes 12 months after the Sydney-based startup emerged Startmate‘s winter 21 cohort with an initial $1.1 million in capital from the likes Airtree’s Daniel Petre in a round led led… Read more »
Australian VC Square Peg Capital has raised US$550 million (A$860m) for its fifth fund, which it plans to use to continue backing its existing portfolio companies in later stage raises. The new fund takes total capital Square Peg has raised in a decade to more than US$1.6 billion (A$2.5bn) using the funds to back companies… Read more »
Climate tech startup Greener has raised a strategic $4 million in a Series A to help small businesses move towards net zero emissions The round was led by NAB Ventures with support from RealVC. The company previously raised $1 million in Seed funding 12 months ago. Founder Tom Ferrier said 300g of CO2 is attached… Read more »
Electricity retailer Amber has raised $13.4 million in a Series B extension. The additional funding comes nearly 18 months after the Commonwealth Bank backed Amber’s initial $20 million Series B round in May 2021. CBA and another existing backer Square Peg led the round, with motoring mutual the NRMA investing as part of its focus… Read more »
Nola, a computer vision startup that helps businesses estimate where people will be and when, alongside helping customers find the shortest queues at events, has raised $200,000 from VC and accelerator program Skalata Ventures. Cofounder Victoria Zorin came up with the idea three years ago as her frustration grew while stuck in queues at a… Read more »
New Zealand martech startup eVouch has raised NZ$500,000 (A$450,000) in a pre-Seed round. The raise was backed by leading NZ VC GD1, along with Phase One and Uniservices and several others. The capital will support growing international demand, and to bring on more developer support. Founder Eugene Yao initially launched eVouch as a way to help local… Read more »
Edtech platform Clipboard, which helps school manage the extracurricular activities of students, has raised $3.1 million. The round was led by SaaS-focused Sydney VC EVP, with support from existing backer Jelix Ventures, and Sprint Ventures., Clipboard is an online attendance tracking system that streamlines timely communication for staff, students and parents as students move around… Read more »
Canberra food tech startup Nourish Ingredients has raised US$28.6 million (A$43m) in Series A to produce synthetic fats that make fake meats taste better. Horizon Ventures – the private investment arm of Hong Kong billionaire Li Ka-shing – doubled down on the idea, having backed the initial US$11 million raise by Nourish in 2021. Horizon’s… Read more »
Secondaries investment fund SecondQuarter Ventures has raised $83 million as a first close for its second fund, just 18 months after launching with its first $51m fund. With that initial capital already deployed, existing backers have doubled down chipping in more than $50 million towards fund two. Another $30 million has come from new investors,… Read more »
A startup making cheaper rooftop solar panels by replacing the silver in production with copper has raised $21 million in a Series B. SunDrive began life in a Wollongong garage in 2015, cofounded by uni mates Vince Allen and David Hu. Allen developed the idea of using copper as a cheaper alternative during two years… Read more »
Skills analysis startup Reejig has raised $17 million topping up on the $15 million from a Series A just eight months ago. This time Salesforce Ventures, the investment arm of the global tech giant, backed the three-year-old venture. Reejig says the investment is not a Series B raise. The latest cash injection means the HR… Read more »
Sydney startup Foodini, which helps diners find restaurants that cater to their dietary needs, has raised $700,000 in a pre-Seed funding. Early-stage VC Antler led the round, with participation from 10 other investors including Mendoza Ventures CFO Scott Heyes, Cradle Ventures CIO Robert Nicholls and Justus Hammer, the CEO of Mad Paws. Having launched in… Read more »
Crisis response startup Iluminr has raised $4.2 million in a raise led by the VC arm of global insurer QBE. It’s the first time QBE Ventures has backed an early-stage Australian tech firm. Also supporting the raise were local VCs Investible, Flying Fox and Jelix Ventures, as well as US-based Rebellion Ventures. The cash is… Read more »
Airwallex has raised US$100 million (A$159m) is what it dubbed a “Series E2”, while managing to avoid a down round. The Melbourne fintech held its existing US$5.5 billion (A$8.7bn) valuation in landing fresh funds from existing investors Square Peg, Salesforce Ventures, Sequoia Capital China, Lone Pine Capital, Hermitage Capital, 1835i Ventures and Tencent. Local super… Read more »
Sydney- and Madrid-based proptech company PropHero has raised $8 million in a Seed round, just eight months after landing $1.6 million in pre-seed funding The round was co-led by real estate focused VC Fifth Wall, and European early stage fund Samaipata. Local VCs Jelix Ventures and AfterWork Ventures, who invested in February’s pre-seed round, also… Read more »
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