Health tech startup Consultmed, which set out to “axe the fax” for specialist referrals, has raised $1.2 million in its first venture capital round. Sydney early-stage VC Investible led the raise, supported by healthcare professionals who use the digital healthtech’s product. Consultmed will use the funds to expand its digital platform across hospitals and healthcare… Read more »
Queensland proptech startup UrbanX has raised a multi-million dollar war chest as it looks to ramp up its disruption of the traditional real estate sales model. The round – the exact figure was undisclosed – was led by 29North co-founders Ross Hayward, Ben Korst, and Brendan Larsen, supported by Archie Douglas, co-founder of PRD Nationwide.… Read more »
Kiwi fintech Dosh, New Zealand’s first digital wallet, has raised $5 million in a seed round that’s believed to be a local record. It follows a $1 million pre-seed round in late 2021 for product build and NZ regulatory compliance. The latest cash is for further product innovation and development, as well as roll out… Read more »
Brisbane startup Reputation DAO, which is looking to help decentralised finance (DeFi) platforms address reputation in order to reduce the collateral required for borrowing, has raised a US$4.75 million (A$6.72m) seed round. The startup was backed by Sydney VC AirTree Ventures, DACM, Koji Capital and Framework Ventures. Reputation DAO is building the fundamental infrastructure, powered… Read more »
The platform behind 75% of Australia’s equity crowd-sourced funding (CSF) activity, Birchal, is running an equity crowdfunding campaign on its own platform, a first for any CSF platform in Australia, so retail investors can buy shares in the company. Birchal also revealed one of its main backers is Dom Pym, cofounder of next-gen digital bank,… Read more »
Melbourne “hype commerce” startup EQL has raised A$25 million to help retailers manage the launch of high demand products. The round was led by New York software investor Insight Partners and local VC AirTree Ventures. Other backers include market leaders in digital commerce, platforms and fan engagement including Guillaume Pousaz’s Zinal Growth, Harry Stebbings’ investment… Read more »
Tax office audit insurtech AuditCover has raised $1.7 million in a Seed round led by Hunter Equity Group. Other strategic investors included local angel investors Ron Lesh of BGL) and Guy Pearson of Ignition, as well as Nasda-listed global reinsurance business Greenlight Re. Founder and CEO Gil Snir has built AuditCover as an insurance distribution… Read more »
New York private equity firm Insight Partners has once again backed New Zealand legal tech startup LawVu in a $NZ20 million (A$18.4 million) top up to last year’s Series A. Sydney VC AirTree Ventures also once again chipped in, having invested in last August’s A$16.2 million Series A, as well as a A$2.3 million pre-series… Read more »
Auckland-based VC Icehouse Ventures has raised its first NZ$5 million towards a $20m target to invest in women-led startups. The new ArcAngels Fund II is Aotearoa’s largest fund investing exclusively in female-founded and led ventures. Theresa Gattung, Chair of Global Women and the Kiwi lead for women entrepreneur initiative SheEO, is a cornerstone investor in… Read more »
The Australian arm of New Zealand equity crowdfunding startup PledgeMe is back with a new name, Microwd, new owners and a new focus to back female-led startups. While the Kiwi side of the decade-old CSF venture continues, the seperate Australian business has been acquired by investment software company Finley Capital Partners, which has appointed Megan… Read more »
Melbourne startup Directo has raised $2.3 million in Seed funding for its B2B marketplace for the pharmacy sector. The round was led by Sydney seed VC Investible to scale its networked two-sided online marketplace, which offers B2C-like price transparency, immediacy and convenience while streamlining logistics and invoicing. Founder Gavin Upiter said Directo’s proprietary enterprise technology platform… Read more »
US billionaire Tim Draper, famed for investments in the likes of PayPal, Tesla, Twitter, Coinbase and Robinhood, has backed Australian-based drone planting eco-tech firm Lord of the Trees (LOTT) in a $US1.25 million (A$1.67m) pre-Seed round. The investment values LOTT, founded in 2019, at A$7 million. Lord of the Trees is a global reforestation company… Read more »
Biotech scale-up Microbio is looking to raise capital following positive domestic pilot study results for its bloodstream infection (BSI) test ahead of taking it to market The Brisbane-based venture’s InfectID-BSI test has the potential for significant improvement in detecting bloodstream infection and sepsis, the world’s mostly deadly infection, with 11 million deaths annually. InfectID-BSI is an in… Read more »
Byron Bay-based real-time merchant payments fintech Zepto (formerly Split Payments) has raised $25 million in a Series A. The round was led by Sydney VCs AirTree Ventures and Decade Partners. The cash is tagged for domestic growth as well as international expansion, strategic hires and developing new functionality for Zepto’s on top of the New… Read more »
The NSW government has opened applications for three new grant initiatives offering up to $95 million research, development and commercialisation of clean technologies. NSW treasurer and energy minister Matt Kean said the grants will help drive innovations developed by scientists and startups as part of the push towards net zero by 2050. “Boosting emerging innovations… Read more »
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