Lug+Carrie, a Melbourne eBike subscription startup, has raised $5 million in bridge funding as it looks to expand globally. The company is looking to a Series A, but was keen to take advantage of local demand ahead of tackling new markets such as the United States. The funding will be used to secure more stock… Read more »
Investment tech platform Jacobi Inc. has raised US$10 million (A$15.4m) in a Series A led by Queensland Investment Corporation (QIC). QIC joined existing Silicon Valley investors Illuminate Venture Partners, 8VC and Western Technology Investment (WTI) in the round. Crystal Russell from QIC and Bill Miller from Makena Capital are joining the Jacobi board. The Brisbane-born,… Read more »
Biotech startup OccuRx has raised $16 million to fund clinical phase studies for its oral therapy to treat chronic kidney disease (CKD), a leading cause of death. The round was jointly led by Brandon BioCatalyst and Uniseed and also includes a $1.5 million grant from biomedical incubator CUREator. The funding will be used for a… Read more »
Investors kept their wallets shut once again in August with Australian startups receiving a combined $225 million worth of funding over 32 deals. That’s nearly half the amount of funding announced in August 2021 ($443 million), according to the Cut Through Venture newsletter, and is a sign of a continued investment slowdown coinciding with interest… Read more »
Small business carbon footprint measurement startup NetNada has raised $200,000 in Seed funding from Skalata Ventures to make reporting easier and more affordable for SMEs. The backing from Paul Little and Darrell Wade’s Melbourne VC comes amid a shift in focus from bi-annual cohorts to now invest in up to 5 early-stage companies per month, on… Read more »
Funding can be the difference between slower organic growth and fast-tracking your business to success, whether it’s used to hire staff or pay for resources to boost your progress. There’s a way to kindle your business without needing to bootstrap on your own or appealing to investors too early in your journey. Grants are a… Read more »
Last mile delivery startup HUBBED has landed $12 million from the Australian Business Growth Fund (ABGF) in a deal that sees the big banks and government backed venture capital fund take a 30% stake in the logistics business. Amid an explosion in parcel delivery in recent years, HUBBED offers designated collection points across 2,150 convenient… Read more »
Melbourne-based social media venture Linktree has $152 million (US$110m) in a raise the company describes as a Series B extension. This third round of fresh capital comes 12 months after its initial $59 million Series B. The business is claiming a $1.8 billion valuation on the back of its latest cash injection. Linktree has been… Read more »
Australian tech startup Buildxact has raised $18.5 million in a series A as it launches in the UK. The SaaS (software-as-a-service) tech solution for residential builders is already in the US and Canadian markets and the funds will enable rapid growth in North America, alongside a launch in the UK this week. The raise values… Read more »
As share markets continue to slide in a sell-off that has seen tech stocks take a beating, Australian venture capitalists remain optimistic that funding for local startups won’t dry up amid the panic. Last year set a record for venture capital (VC) funding in Australian and New Zealand startup companies which pulled in a total… Read more »
A tech consulting venture that helps companies and governments build and market apps, from Qantas to the ATO, has raised $3 million as it looks to go on an acquisition spree. Sydney-based Terem Technologies, founded in 2011 by Scott Middleton, raised the cash in a round led by Sydney investment firm Parc Capital. Middleton said… Read more »
Relevance AI, a Sydney startup founded last year to help developers do more with unstructured data and aid data scientists experiment with vectors, has raised A$4 million in a seed round. The round was led by US VC Insight Partners, which rarely heads into early-stage investment, with participation from Galileo Ventures and Archangel Ventures. The… Read more »
Anti-money laundering regtech startup First AML has raised A$28.7 million (NZ$30m) in a series B. The round was led by Blackbird Ventures, with support from new investors Headline Ventures, and existing backers Pushpay founder Eliot Crowther, US firm Bedrock Capital and Kiwi VC Icehouse Ventures. Blackbird partner Samantha Wong will join the board. The funds… Read more »
Encryption technology startup CipherStash has raised $3.3 million in a seed round as it looks cracking the US market. The round was led by AirTree and US VC Nexus Venture Partners, supported by Linktree CTO Zak Islam,Threatmatric co-founder Alisdair Faulkner and Buildkite’s Keith Pitt. The startup is an end-to-end, searchable encrypted data storage platform. It… Read more »
GovConnex, a political intelligence and relationship management platform, has raised $1 million in a round led by local VC Black Nova. The funds will be used to scales platform to organise all of Australia’s government data amid plans to expand internationally by the end of 2021. The GovConnex platform, which launched in 2019, captures information… Read more »
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