Sydney fintech Bridgit has raised $14.2 million in a Series A as the non-bank lender looks to offer bridging loans to homeowners moving house. The round was led by existing investor OIF. Bridgit, founded in 2021 as TechLend, previously raised $7.5 million two years ago in a round co-led by OIF Ventures and Perennial Partners.… Read more »
A Melbourne construction supply chains startup has raised $2.9 million in a Series A as it looks to expand into China. The round for Matrak was led by Singapore-based G&M Capital alongside Sydney VC Our Innovation Fund, former Aconex chairman Simon Yencken and others. Matrak was cofounded by Shane and Brett Hodgkins in 2018 with… Read more »
Three-year-old insurtech startup Honey Insurance has raised $108 million in a Series A that’s lured in US investors Founded by entrepreneur Richard Joffe, cofounder of US-based Park Assist and Stella.ai, Honey launched in 2021. It raised a record $15.5 million in a Seed round led by underwriting partner RACQ and other institutional investors, including AGL,… Read more »
Banking-in-box fintech Constantinople has raised $50 million in a Series A. The round was led by Dutch internet investment firm Prosus Ventures, with support from existing Australian backers Square Peg and AirTree. The Sydney startup, founded in 2022 by former Westpac managers Macgregor Duncan and Dianne Challenor, previously raised US$23 million (A$32m) in a Seed… Read more »
The company behind fan engagement social media brand Basketball Forever has raised $6 million in a Series A. The round for Forever Network was led by Yolo Investments, with support from Three Kings Capital, Folklore Ventures and Astralis Capital. Forever Network will use the capital to expand into the US in the second half of… Read more »
Regional NSW startup Cauldron has raised in $9.5 million (US$6.25m) in Series A for its fermentation technology, which hopes to transform how new foods and fibres are developed. The round was led by existing US investor Horizons Ventures, supported by CSIRO-backed Main Sequence, which also backed last year’s Seed round, as well as new supporters… Read more »
Sydney quantum startup Diraq has raised US$15 million (A$23m) in Series A-2. The round was led by Paris-based Quantonation, the world’s first VC fund dedicated to quantum technologies. Also investing were John Higgins Family Investments and the University of New South Wales. The A-2 raise tops up US$20 million, led by Allectus Capital, when it… Read more »
A vector search startup for ecommerce, founded by a former Amazon robotics scientist and engineer, has raised US$12.5 million (A$19.4m) in a Series A, just six months after banking A$8.1m in a Seed round. The fresh raise for Marqo, was led by Lightspeed, with support from Blackbird, January Capital, and Chronosphere founder and CTO Rob… Read more »
Queensland construction industry procurement platform ProcurePro has raised $6.15 million as it looks to take on the UK market. The company’s first external round was backed by AirTree and industry expert Leigh Jasper through his VC fund Saniel Ventures.\ The capital raised from ProcurePro’s first venture round will help accelerate growth in the UK as a key… Read more »
Allied health practice management startup Splose has commitments on the first half of a Series A raise with a target of $3 million. The Adelaide-based startup has $1.5 million to open its campaign, with CEO and founder Nicholas Sanderson saying the funds will be used to ramp up automation, AI-driven research and development and expansion into… Read more »
GP-focused administration medtech Heidi Health has raised $10 million in a Series A. The round was once again led by Blackbird Ventures, with support from Hostplus, Hesta, Wormhole Capital, Archangel Ventures, Possible Ventures and Saniel Ventures. Heidi (rebranded from Oscar) previously raised $5 million in a Seed round led by Blackbird. The software platform enlists… Read more »
Digital security and fraud prevention startup Darwinium has raised for the second time in 12 months, banking US$18 million (A$28m) in a Series A. The round was led by US Venture Partners (USVP), with last year’s Seed investors, Blackbird, Airtree and Accomplice topping up their stakes. The US-based customer protection platform was founded by Bondi… Read more »
Dairy alternative startup Eden Brew has raised $24.4 million in a Series A as it prepares to bring its animal-free products, including milk and ice cream, to market. The two-year-old venture, created as a joint-venture by northern NSW dairy co-op Norco, CSIRO and its VC arm, Main Sequence Ventures, uses a fermentation process to brew… Read more »
A Queensland startup helping power up America with drones to roll out power line upgrades has raised $36 million in a Series A. The round for Infravision was led by US sustainability investor Energy Impact Partners (EIP), supported by Equinor Ventures and Edison International (EIX). Robotics engineer Cameron Van Der Berg and military veteran Chris Cox… Read more »
The founders of TradeGecko and Advocately, Cameron Priest and Patrick Barnes, are back with a bang thanks to their new e-commerce startup, Amp, which has secured US$18.5 million (A$28.5m) in a series A, having only launched last year. AMP is their solution for the challenge retailers face in using dozens of different apps to run… Read more »
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