Sydney healthtech startup Harrison.ai has raised AU$179 million (US$112m) in a Series C as it looks to expand in the US The round was co-led by Aware Super, ECP and existing supporter Horizons Ventures, the VC firm of Hong Kong billionaire Li Ka-shing. The federal government’s $15 billion National Reconstruction Fund announced its $32 millions… Read more »
A B2B product management startup cofounded by Canva and Atlassian alumni, and developed in the Y Combinator accelerator program, has raised $3.5 million in Seed funding. The round for Sydney startup Index was led by Blackbird and Bain Capital Ventures. Mary Meeker’s California VC Bond also chipped in along with Y Combinator, Linktree cofounder Alex… Read more »
An Antler startup launched less than 12 months ago for people of post online listings selling second-hand products on multiple marketplaces with a single click has raised $800,000 in a pre-Seed round. Shopfront, founded by Nathan Spiteri and Drew Flaherty in April last year, was initially supported with $225,000 from Antler during its accelerator program.… 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 »
Volunteer and workforce management platform Rosterfy has raised $5.5 million from Sydney VC OIF Ventures. The funding tops up aa $3m follow on investment from ASX-listed Bailador Technology Investments (ASX:BTI) after its $9.8m initial investment in April 2023, which Startup Daily reported in October last year, The $3m from Bailador resulted in a 14% ($1.7m)… 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 »
SydneyAI startup Lorikeet has raised another US$9 million (A$14m), just four months after pocketing a $7.3 million Seed round. This time Blackbird led the round, joined by existing investors Square Peg and Kim Jackson’s Skip Capital. The raise values the business at $100 million. Lorikeet was founded in mid-2023 (originally as Optech) by US-based former… Read more »
Westpac hit the EFT button on $10 million for the online legal services scaleup Lawpath, and plans to entice business customers by offering them subscriptions to the legal compliance platform. The bank’s acting business and wealth boss Peter Herbert, said the exclusive partnership will give startups and small-to-medium sized businesses access to affordable legal services,… Read more »
A health app focused on tracking the menstrual cycle to deal with issues such as endometriosis has raised $1.7 million to launch an artificial intelligence (AI) health assistant for women. The round for Ovum was led by impact VC Giant Leap, supported by Antler, Victoria and Robyn Denholm’s Wollemi Capital, Nakatomi Venture Studio, LaunchVic’s female… Read more »
Venture capital alternative Lighter Capital has extended another $30 million fund offering non-dilutive funding to startups, with the Victorian government and iPartners, The 15-year-old revenue-based financier, originally from New York, launched in Australia in 2021, and was subsequently backed by Invest Victoria, the state government’s investment attraction agency, and iPartners, with an initial $30 million fund.… Read more »
You can argue over the state of investment for women until the (100% female) cows come home – surprise, surprise, it was shit again in 2024 – but there’s other data in The State of Startup Funding Report 2024 that suggests all is not well in the state of venture capital. More than half (55%)… Read more »
Mimecast cofounder and angel investor Peter Bauer has led a $2 million Seed round for superannuation industry regtech Nuj as part of a $4 million equity and debt deal for the startup. Nuj, founded in 2020 by Matthew McKenzie, is a data platform and insights engine positioned between superannuation funds and the regulator, delivering real-time insights… Read more »
Australian investors poured $4.106 billion into 477 private investments last year according to data analysed in Techboard’s Australian Startup Funding in Review – 2024. Techboard cofounder and CEO Peter van Bruchem said he focused on additional ASIC-sourced data last year, after publishing The Fintech Funding Project 2023 Report: Shedding Light on Investment into Australian Fintechs,… Read more »
Five Australian startups have scored $3.6 million in Moon to Mars supply chain capability grants as part of NASA’s ambitions to explore beyond the chunk of rock orbiting 384,400km from Earth. South Australian company entX scored $1 million to develop a radioisotope heater unit. The unit will help payloads withstand the extreme low temperatures on… Read more »
Diag-Nose.io, a Melbourne, biotechnology startup using artificial intelligence (AI) to help people breathe more easily, has raised $3.15 million in Seed funding. The round was led by state government investment fund Breakthrough Victoria, which chipped in $800,000. Other investors include Radar Ventures, Specialty Physician Associates, an international syndicate of physicians from leading hospitals including Houston… Read more »
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