Hunter-based smart maintenance tooling manufacturer Safe Gauge has raised $1.6 million in angel investment. A syndicate of more than 30 investors from Sydney Angels contributed, making it the largest group for a single syndicate in Sydney Angels history. Founder and Managing Director Luke Dawson said he had to prove his worth in a three-step pitching… Read more »
Brisbane drone mapping and data analytics startup Emesent has raised US$23 million (A$32m) in a Series A to fuel its global ambitions. The round was led by local firm Perennial Partners, with international investors Tiger Global and TELUS Ventures. Seed round investors Main Sequence and Archangel Ventures also chipped in. Co-founder and CEO Dr Stefan… Read more »
Australian proptech venture PropHero has raised $1.6 million seed round for its property investment platform. The round was led by GFC Global Founders Capital and supported by AfterWork Ventures, Jelix Ventures and The Fund. The cash is earmarked to improve the company’s data models and digital customer experience, key hires, and to expand the footprint nationally across Australia… Read more »
Small business HR platform Employment Hero has raised $181 million in a round that values the tech company at $1.25 billion. Existing backer SEEK Investments led the raise, supported by Sydney VCs OneVentures and AirTree. The new cash pushed the value of the business up by $450 million following a $140 million Series E raise… Read more »
A Melbourne startup producing “cheese” using fermented proteins, without cows involved, has raised an extra $16.9 million for a $21.5 million seed round. Change Foods creates dairy proteins, known as caseins, and the cornerstone of dairy cheeses, using fermented microbes to create animal-free cheeses. The business is still some way from hitting the plate, with… Read more »
Carbar has raised $28.9 million in a funding round led by IAG and Seven West Media. IAG, Australia’s biggest insurer, already has a majority stake in digital car subscription and trading startup Carbar following a $16.8 million raise in 2019. Founded in Melbourne in 2016 as a virtual car dealership, Carbar now has 80 employees… Read more »
Woolworths Group’s venture capital fund, W23, has tipped fresh millions into alternative protein startup, All G Foods The actual size of the investment was not disclosed, instead being described as “a further multi-million injection of capital” in a media release. The Sydney-based alternative proteins startup previously raised $16 million in a seed round in September last… Read more »
Investors in HR Reejig have doubled down on the skills analysis startup just four months after last October’s $6 million series A, tipping in another $15 million to take the total raise to $21 million. October’s round was led by Kim Jackson’s Skip Capital, with participation from Airtree Ventures; Culture Amp’s Didier Elzinga and his… Read more »
Retail analytics SaaS platform Kepler Analytics has raised $22m (USD$15.5m) Series B funding round. Sydney-based VC OneVentures led the raise through its 1V Growth Fund V, with participation from Whiteoak, Taronga Ventures, and Shearwater Capital. Existing investors Reinventure and InterValley Ventures once again chipped in. The tech company plans to use the fresh capital for… Read more »
Equity crowdfunding platform VentureCrowd has raised $10 million in a Series A. As well as $6.6 million from existing investors, the company used its own platform to raise an additional $3.9 million from new investors. The funds are earmarked to further develop VentureCrowd’s technology platform, scale its retail product offering in venture capital, property, private credit… Read more »
Queensland plant-based food startup Fënn Foods has raised $3 million as it looks to expand into offshore markets. The oversubscribed raise was backed by existing and sophisticated investors, led by fund manager Bombora Investment Management. The Sunshine Coast-based business was founded by Michelin-star trained chef Alejandro Cancino, from the highly lauded Brisbane restaurant Urbane. Fënn… Read more »
Australia’s biggest banks have once again backed digital receipts fintech Slyp in a $25 million Series A. Former PwC boss Luke Sayers joined the round as a new investor through the Sayers Group, along with Gabby and Hezi Leibovich. They join existing backers including Westpac’s Reinventure and NAB Ventures, which first invested in a $2… Read more »
ClimateTech startup FloodMapp has set a new record for an Australian seed round after raising US$6 million (A$8.4m). The round led by New York VC Union Square Ventures’ Climate Fund, with participation by Mundi Ventures, Climate X, and Jelix Venutures. FloodMapp will use the capital injection to scale the company and expand into new markets.… Read more »
OwnHome, a fintech startup that wants to turn renters into property owners, has raised $31 million in a Series A. The round was led by VC firm Square Peg with existing backers including the Commonwealth Bank’s VC arm X15, GFC, Entrée Capital, AfterWork, and Possible Ventures doubling down on the startup. The cash injection is… Read more »
Wollongong Internet of Things (IoT) startup Binary Tech has raised $1.8 million in a seed round as it looks roll out supply chain IoT devices. The round was led by Artesian Ventures, joined by Beachhead VC and angel investors including Dr. Craig Davis, Peter McKie and Nick McNaughton. McNaughton will join the company’s board. Founder… Read more »
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