Tech and mining billionaires Mike Cannon-Brookes and Dr Andrew Forrest have ramped up their support for a $30 billion project to supply solar power from the Australia to Singapore, leading a $210 million Series B round into Sun Cable. Singapore-based Sun Cable’s $30 billion plan was first revealed in 2019, with Cannon-Brookes and Forrest as cornerstone… Read more »
Gold Coast-based equity management platform Cake Equity has raised US$2.2 million ($A3m) in seed capital. The round was co-led by California investor Jason Calacanis through Launch and its angel platform, TheSyndicate, as well as Australian VC Rampersand. Calacanis is a Cake customer. Airtasker co-founder Jonathan Lui and Practice Ignition founder Guy Pearson also chipped in. Cake… Read more »
Building marketplace ArchiPro has raised $32.6 million in a Series A. The round led by New York-based Tiger Global, with support from Icehouse Ventures, and Queenstown-based Liger Trading. The business previously raised $4.7 million in 2021 from Kogan.com founder Ruslan Kogan and Catch.com’s Hezi Leibovich. The new funds will be used to accelerate ArchiPro’s local… Read more »
The future of leading Australian impact and innovation festival, _Southstart has been secured until 2025 with the South Australian government pledging a three-year funding deal. SA skills and innovation minister David Pisoni announced the government’s commitment during his address to the festival this morning. “The Marshall Government has transformed the innovation, startup and entrepreneurship ecosystem… Read more »
Sydney-based digital health startup Andi Health has raised $600,000 in pre-seed funding. The round was led by Melbourne VC Brenteca Investments. The cash is for Andi to build what it says is “the world’s first human health coach in your pocket”. Andi’s subscription-based health management platform integrates a range of health devices and analytics, combining them… Read more »
New Zealand startup Flowingly has raised NZ$4.5 million (A$4.2m) in pre-Series A capital. The round was led by local VC GD1 (Global from Day 1), with participation from Icehouse Ventures. The fresh cash will be used for ongoing international expansion, with a core focus on the US. Serial SaaS entrepreneur Jon Kalaugher founded Flowingly in… Read more »
Melbourne-based artist marketplace Book An Artist has raised $1 million to support its global ambitions. The round was led by Black Sheep Capital, supported by tech heavyweights such as Airtasker co-founder Tim Fung and Amaysim co-founder Rolf Hansen. Founder Gaurav Kawar launched Book An Artist in 2019 as a platform to connect businesses and people… Read more »
Melbourne cybersecurity startup Cydarm has raised $3 million in its second equity round. The round was led by Japan-focused local VC InterValley Ventures, supported by Five V Capital, with Sydney VC Right Click Capital doubling down on its initial 2018 investment, the company’s first. Several individual cybersecurity execs also chipped in. The funds will be… Read more »
White label comparison and technology platform CIMET has raised $26.6 million in fresh capital as part of a strategic partnership with ASX-listed iSelect Limited (ASX:ISU). The capital will be deployed to expand the startup’s product and technology offerings beyond just energy and broadband into new sectors such as banking and finance covering credit cards, loans, insurance… Read more »
Sydney NFT gaming startup Immutable has raised $280 million in a Series C that values the business at $3.5 billion. The round was led by Singapore’s sovereign fund Temasek, with support from Hong Kong-based gaming software firm Animoca Brands, as well as Chinese video gaming giant Tencent. New investors include ParaFi Capital, Princeville Capital, Arrington… Read more »
Recruitment automation startup PredictiveHire, which uses an AI bot to tell immediately if a candidate is right for a job using just five questions answered via phone text, has raised $7 million in a pre-Series A round. Sydney talent recruiting firm Hudson is one of the startup’s key backers, along with several individuals including Yarra Capital… Read more »
Residential building software platform canibuild has raised $8 million in a Series A. The round was led by EVP, with support from Regal Funds Management, with the funds earmarked towards growth in Australia, New Zealand and the US, and plans to expand into additional markets Founded in 2020 by Timothy and Stella Cocaro, Deepankur Malhotra… Read more »
Edtech startup FourthRev has raised $11.2 million in a Series A. The round was led by Paris-based edtech impact fund, Educapital, with support from existing backers Reach Capital, Emerge Education and Danner Capital, as well as well as several individuals. The raise comes after FourthRev bagged a $4.16 million seed round led by US education-focused VC… Read more »
Sydney edtech startup Language Confidence, which uses artificial intelligence to help people learn to speak English, has raised US$1.5 million (A$2.05m) in a seed round. The round was led by Southeast Asian VC Wavemaker Partners with support from Sydney early-stage VC Investible. The funds are earmarked for expand Language Confidence’s product range of AI-powered APIs… Read more »
Business payments fintech Zeller is claiming unicorn status less than a year after launching following a $100 million Series B capital raise. The Melbourne startup has again looked offshore for capital with US VC Headline leading the round supported by local industry super fund Hostplus. Founded by former Square exec Ben Pfisterer and Dominic Yap,… Read more »
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