OwnHome, a fintech startup that wants to turn renters into property owners, has raised $31 million in a Series A. The round was led by VC firm Square Peg with existing backers including the Commonwealth Bank’s VC arm X15, GFC, Entrée Capital, AfterWork, and Possible Ventures doubling down on the startup. The cash injection is… Read more »
Wollongong Internet of Things (IoT) startup Binary Tech has raised $1.8 million in a seed round as it looks roll out supply chain IoT devices. The round was led by Artesian Ventures, joined by Beachhead VC and angel investors including Dr. Craig Davis, Peter McKie and Nick McNaughton. McNaughton will join the company’s board. Founder… Read more »
A New Zealand medtech startup that’s developed the world’s first automated 3D planner for joint replacement surgeries has raised US$5 million. The round coincides with Formus Labs launching its orthopedic surgery planning solution which provides surgeons with unprecedented insight into the pre-operation planning process. The investment was led by New Zealand VC firm GD1 (Global… Read more »
Credentials management startup CredShare has raised $2.7 million as it looks to transform the compliance landscape for exchanging credentials. The round came from a series of high net worth investors as well as ASX-listed Touch Ventures and Ellerston Capital to give the venture a valuation of $14 million. It comes as the regtech startup prepares… Read more »
New Zealand agritech startup Protag has raised NZ$1 million for its smart ear tag sensors for the dairy industry. Investment firm Sprout led the round, with support from US-based Finistere Ventures, Kiwi dairy giant Fonterra, and Israeli venture builder OurCrowd, with support from NZ government agency Callaghan Innovation’s Technology Incubator Programme. The cash will fast… Read more »
New Zealand accounting startup Hnry has raised another $15 million in funding as it looks to ramp up its Australian presence. New York-based VC Left Lane Capital led the round, joined by Sydney VC EVP, with its third investment. New backers include MessageMedia founder Grant Rule. The Kiwi financial admin platform is designed for contractors,… Read more »
Two Brisbane teenagers tackling the ecommerce problem of abandoned carts for online sales have raised $2.2 million in the pre-seed funding for their fintech startup. Liam Millward, 18, and William Gao, 19, founded Instant in April 2021, to build the world’s simplest checkout experience. The record pre-seed raise, the country’s biggest, was led by Blackbird,… Read more »
Automated customer experience (CX) assurance solutions venture Cyara has deferred plans for a public listing on the ASX, instead raising a record US$350 million (A$485m) from US investors. The 15-year-old Melbourne-born, US-based tech company was backed by Californian firm K1 Investment Management. The record deal saw existing investors, including PeakSpan Capital and Greenspring Associates sell… Read more »
Adelaide real estate software company HappyCo has raised US$52 million (A$72m) in a Series B and it looks to ramp up its US expansion. The raise was led by US venture capital firm Camber Creek. The cash will be used to develop new services and hire more Australian staff as co-founders Jindou Lee and Andrew… Read more »
US VC Tiger Global has backed a B2B marketplace developed by the former CEO of eCommmerce platform Catch with a $28 million investment. Tiger previously backed Catch, and this week has also chipped into a Sydney grocery delivery startup’s $75 million Series A. TradeSquare is a B2B wholesale marketplace launched in 2020 by former Catch… Read more »
US VC giant Tiger Global Management has backed one of the multiple local startups hoping to carve out a slice of the rapid grocery delivery market, leading a $75 million Series A into Milkrun. Founded by Koala co-founder Dany Milham, the 10-minute delivery service only launched four months ago, having previously raised A$11 million in… Read more »
Customer research platform Dovetail has raised US$63 million (A$87m) in a Series A for the software startup’s first major funding round. The raise was led by Accel, with participation from existing investors including Blackbird, Felicis Ventures, Grok Ventures, and CultureAmp CEO Didier Elzinga. New backers include Slack CEO Stewart Butterfield, Wedflow CEO Vlad Magdalin and… Read more »
Officely, a desk booking service for hybrid offices, has raised US$2 million (A$2.8m) in seed funding. The round was led by investor TEN13 alongside angels such as Go1 co-founder Vu Tran and Luxury Escapes co-founder Adam Schwab. The funds will be used to expand the team, and grow the product offering and feature sets. Officely was… Read more »
Ecommerce tech platform Rokt has raised the bar on venture capital backing for Australian startups after raising A$458 million in a Series E. It’s the biggest single venture raise in Australian history and values the business at $2.75 billion. That more that doubles the company’s valuation from A$1.36 billion in June following a secondary share… Read more »
Online teaching and learning platform Atomi has raised $9 million in a Series A. The round led by Sydney VC OIF Ventures amid plans for continued international expansion and team growth in the US and UK. Playing in the e-learning space alongside the likes of Education Perfect, Atomi is an online teaching and learning platform that video… Read more »
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