Sydney startup Brainfish has banked another $9.8 million (US$6.4 million) in a pre-Series A to ramp up its US focus. The round was led by European VC Prosus Ventures, with support from existing backers, including Peak XV’s Surge and Macdoch Ventures. The AI software platform previously raised $3.85 million in May 2024, and has now… Read more »
Cryptocurrency exchange Coinstash has raised $4.7 million in a Series A led by an undisclosed Brisbane family office. The eight-year-old digital assets fintech plans to use the cash for platform development, team expansion and user acquisition, with a plan to treble its current customer base. Coinstash CEO Ting Wang said the business has now raised… Read more »
So you closed your Series A. Congrats. But if the champagne’s gone flat and growth’s not following the graph you pitched, welcome to the plateau. The Series A lull is where promising startups go to stall. And if you don’t rewire your mindset, ops, and culture, it’s where momentum quietly dies. Zing Coach’s been there:… Read more »
Aussie restaurant table app EatClub has picked up an $18.2 million series A, led by Co:Act, as it expands into the UK. The app is way for restaurants to fill up empty tables by push time sensitive discounts for nearby diners to claim straight away. Venues pay for demand with a commission on bills generated,… Read more »
A Melbourne-founded startup that taken the old business card and turned it into a digital networking tool has raised US$25 million (A$38.5m) in a Series A. The round for Blinq was led by Touring Capital, with supported by HubSpot Ventures and existing local backers Blackbird and Square Peg. The startup, founded in 2017, previously raised… Read more »
A Californian healthtech startup cofounded by a 20-something expat Australian has raised US$30 million (A$47m) in a Series A to build a “health super-app”. The raise for San Francisco-based Superpower, founded in 2023 by former Sydneysider Max Marchione, the COO, Jacob Peters, CEO and Kevin Unkrich, CTO, values the startup at US$200m as a long… Read more »
An energy grid management platform for the renewables era has raised $7.5 million in a Series A with Australian cricket captain Pat Cummins among its investors. The round for software platform Gridsight was led by Airtree Ventures, with support from Austin-based Energy Transition Ventures, Singapore-based Aera VC, and the fast bowling superstar. The startup, which… Read more »
US-based former Australian transport management scaleup BetterFleet has raised US$15 million (A$23.7m) in a Series A. The round was led by US funds Aligned Climate Capital, Ecosystem Integrity Fund (EIF), and Remarkable Ventures Climate (RVC). BetterFleet was cofounded in Sydney by CEO Daniel and Nick Butlin as EVenergi in 2016. The software startup kicked off… Read more »
AI-based doctor clinical notes taker Heidi Health has raised a further $26.8 million (US$16.6m) to top up its 18-month-old Series A. The follow-on investment was led by US VC Headline (formerly e.ventures and BV Capital), which sees Heidi as Australia’s next Canva or Atlassian supported by Local Globe, Anthology (Menlo Ventures and Anthropic) . Existing… Read more »
Three years after a record $2.2 million pre-Seed round for two teenagers to solve the problem of abandoned online sales, their eCommerce fintech has raised another $18 million in a Series A. The round for Brisbane startup Instant was led by Belgian early stage VC Hummingbird Ventures, which revels in the title “the best venture… Read more »
Global contractor credentials platform MyPass has raised $7.5 million Series A. The round for the 12-year-old worker onboarding, compliance and credentials management business, which counts BHP, Shell, Woodside and UGL among its customer base, was led by Sydney VC OneVentures. The capital will be used for expansion in North and South America and accelerate product… Read more »
Commercial insurance broking startup UpCover has raised $19 million in a Series A round. On top of the $11 million equity investment, the insurtech also secured $8 million in debt. The round was led by RealVC, with support from existing investors Antler Elevate’s Global Fund – Upcover was part of its inaugural accelerator program in… Read more »
A former New Zealander worked in Australia as a lawyer, before giving it up to found an AI-powered legal tech startup, has raised a $25.5 million (US$16m) Series A\ Min-Kyu Jung was a corporate lawyer sick of the time-consuming and manual process required for contract reviews. So he left the law, taught himself to code,… Read more »
New Zealand EV charging startup Kwetta has raised A$15.8 million (NZ$17.5m/US$10.5m) in a Series A to tackle grid optimisation in the European market to power up electric buses and trucks. The round was led by the Kiwi outpost of Sydney fund Blackbird, with support from Clean Energy Finance Corporation-backed Virescent Ventures, Icehouse Ventures, and existing… Read more »
A mining tech startup spun out of Monash University has raised $27.5 million in a Series A. The round for ElectraLith was led by CSIRO-backed deep tech VC Main Sequence, with existing investors Rio Tinto, IP Group and Monash Uni also participating along with Chevron Technology Ventures, Hostplus, Fathom Fund Vista Energy, Marathon Petroleum, CIA-backed US… Read more »
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