Electric delivery bike startup Zoomo has raised an extra US$20 million (A$28m) just three months after bagging $80 million in a Series B. The B+ raise was led by new investor New York VC Collaborative Fund, joined by strategic investors MUFG Innovation Partners, the VC arm of Mitsubishi UFJ; local mobility solutions company SG Fleet;… Read more »
Brisbane drone mapping and data analytics startup Emesent has raised US$23 million (A$32m) in a Series A to fuel its global ambitions. The round was led by local firm Perennial Partners, with international investors Tiger Global and TELUS Ventures. Seed round investors Main Sequence and Archangel Ventures also chipped in. Co-founder and CEO Dr Stefan… Read more »
Australian proptech venture PropHero has raised $1.6 million seed round for its property investment platform. The round was led by GFC Global Founders Capital and supported by AfterWork Ventures, Jelix Ventures and The Fund. The cash is earmarked to improve the company’s data models and digital customer experience, key hires, and to expand the footprint nationally across Australia… Read more »
Small business HR platform Employment Hero has raised $181 million in a round that values the tech company at $1.25 billion. Existing backer SEEK Investments led the raise, supported by Sydney VCs OneVentures and AirTree. The new cash pushed the value of the business up by $450 million following a $140 million Series E raise… Read more »
Enterprise risk management software company announced Protecht Group Holdings has raised $42 million in a Series A. California growth equity firm Arrowroot Capital backed the SaaS company. The cash injection will be used to accelerate new features in Protecht’s products, maintain and expand customer service and continued global expansion. Based in Sydney, and founded in… Read more »
A Melbourne startup producing “cheese” using fermented proteins, without cows involved, has raised an extra $16.9 million for a $21.5 million seed round. Change Foods creates dairy proteins, known as caseins, and the cornerstone of dairy cheeses, using fermented microbes to create animal-free cheeses. The business is still some way from hitting the plate, with… Read more »
Sydney-based motorcycle technology startup Forcite is on track to raise $6million in a Series A as the company enters the final day of its equity crowdfunding campaign on Equitise. With around 10 hours left in the campaign before it closes at 9pm on Weds, February 16, Forcite has raised $1.15 million from investors towards a… Read more »
Woolworths Group’s venture capital fund, W23, has tipped fresh millions into alternative protein startup, All G Foods The actual size of the investment was not disclosed, instead being described as “a further multi-million injection of capital” in a media release. The Sydney-based alternative proteins startup previously raised $16 million in a seed round in September last… Read more »
Investors in HR Reejig have doubled down on the skills analysis startup just four months after last October’s $6 million series A, tipping in another $15 million to take the total raise to $21 million. October’s round was led by Kim Jackson’s Skip Capital, with participation from Airtree Ventures; Culture Amp’s Didier Elzinga and his… Read more »
Retail analytics SaaS platform Kepler Analytics has raised $22m (USD$15.5m) Series B funding round. Sydney-based VC OneVentures led the raise through its 1V Growth Fund V, with participation from Whiteoak, Taronga Ventures, and Shearwater Capital. Existing investors Reinventure and InterValley Ventures once again chipped in. The tech company plans to use the fresh capital for… Read more »
Equity crowdfunding platform VentureCrowd has raised $10 million in a Series A. As well as $6.6 million from existing investors, the company used its own platform to raise an additional $3.9 million from new investors. The funds are earmarked to further develop VentureCrowd’s technology platform, scale its retail product offering in venture capital, property, private credit… Read more »
Queensland plant-based food startup Fënn Foods has raised $3 million as it looks to expand into offshore markets. The oversubscribed raise was backed by existing and sophisticated investors, led by fund manager Bombora Investment Management. The Sunshine Coast-based business was founded by Michelin-star trained chef Alejandro Cancino, from the highly lauded Brisbane restaurant Urbane. Fënn… Read more »
Australia’s biggest banks have once again backed digital receipts fintech Slyp in a $25 million Series A. Former PwC boss Luke Sayers joined the round as a new investor through the Sayers Group, along with Gabby and Hezi Leibovich. They join existing backers including Westpac’s Reinventure and NAB Ventures, which first invested in a $2… Read more »
Accounting practice management software company Karbon has raised $US66 million (A$93m) from US investor Tidemark Capital. The seven-year-old US-based Australian venture now operates in more than 20 countries offering cloud-based business management software for SMB accounting firms. It is now the preeminent independent practice management solution in the accounting industry globally. The latest round comes… Read more »
ClimateTech startup FloodMapp has set a new record for an Australian seed round after raising US$6 million (A$8.4m). The round led by New York VC Union Square Ventures’ Climate Fund, with participation by Mundi Ventures, Climate X, and Jelix Venutures. FloodMapp will use the capital injection to scale the company and expand into new markets.… Read more »
Daily startup news and insights, delivered to your inbox.
