A New Zealand medtech startup that’s developed the world’s first automated 3D planner for joint replacement surgeries has raised US$5 million. The round coincides with Formus Labs launching its orthopedic surgery planning solution which provides surgeons with unprecedented insight into the pre-operation planning process. The investment was led by New Zealand VC firm GD1 (Global… Read more »
Credentials management startup CredShare has raised $2.7 million as it looks to transform the compliance landscape for exchanging credentials. The round came from a series of high net worth investors as well as ASX-listed Touch Ventures and Ellerston Capital to give the venture a valuation of $14 million. It comes as the regtech startup prepares… Read more »
New Zealand agritech startup Protag has raised NZ$1 million for its smart ear tag sensors for the dairy industry. Investment firm Sprout led the round, with support from US-based Finistere Ventures, Kiwi dairy giant Fonterra, and Israeli venture builder OurCrowd, with support from NZ government agency Callaghan Innovation’s Technology Incubator Programme. The cash will fast… Read more »
Australian tech startup Buildxact has raised $18.5 million in a series A as it launches in the UK. The SaaS (software-as-a-service) tech solution for residential builders is already in the US and Canadian markets and the funds will enable rapid growth in North America, alongside a launch in the UK this week. The raise values… Read more »
New Zealand accounting startup Hnry has raised another $15 million in funding as it looks to ramp up its Australian presence. New York-based VC Left Lane Capital led the round, joined by Sydney VC EVP, with its third investment. New backers include MessageMedia founder Grant Rule. The Kiwi financial admin platform is designed for contractors,… Read more »
Two Brisbane teenagers tackling the ecommerce problem of abandoned carts for online sales have raised $2.2 million in the pre-seed funding for their fintech startup. Liam Millward, 18, and William Gao, 19, founded Instant in April 2021, to build the world’s simplest checkout experience. The record pre-seed raise, the country’s biggest, was led by Blackbird,… Read more »
Gold Coast company logistics startup CartonCloud has raised $12 million as it looks across the Pacific to grow. MA Financial has backed the software-as-a-service (SaaS) company’s vision to expand into Canada and the United States. It’s the first time CartonCloud has taken on institutional capital, having previously raised $1 million in 2017 from High-Net-Worth individuals… Read more »
Automated customer experience (CX) assurance solutions venture Cyara has deferred plans for a public listing on the ASX, instead raising a record US$350 million (A$485m) from US investors. The 15-year-old Melbourne-born, US-based tech company was backed by Californian firm K1 Investment Management. The record deal saw existing investors, including PeakSpan Capital and Greenspring Associates sell… Read more »
Venture Capital firm AirTree Ventures has a new $700 million war chest as it looks to ramp up its backing for early stage startups. Pulling the cash together took just three months, with leading local and international institutions, endowments and foundations signing on. The announcement comes ahead of rival VC Blackbird confirming its new $1… Read more »
Adelaide real estate software company HappyCo has raised US$52 million (A$72m) in a Series B and it looks to ramp up its US expansion. The raise was led by US venture capital firm Camber Creek. The cash will be used to develop new services and hire more Australian staff as co-founders Jindou Lee and Andrew… Read more »
US VC Tiger Global has backed a B2B marketplace developed by the former CEO of eCommmerce platform Catch with a $28 million investment. Tiger previously backed Catch, and this week has also chipped into a Sydney grocery delivery startup’s $75 million Series A. TradeSquare is a B2B wholesale marketplace launched in 2020 by former Catch… Read more »
Customer research platform Dovetail has raised US$63 million (A$87m) in a Series A for the software startup’s first major funding round. The raise was led by Accel, with participation from existing investors including Blackbird, Felicis Ventures, Grok Ventures, and CultureAmp CEO Didier Elzinga. New backers include Slack CEO Stewart Butterfield, Wedflow CEO Vlad Magdalin and… Read more »
A Sydney edtech startup helping people unlock the power of cloud software has raised $1.3 million in a seed round. The raise for Saasguru was led by Sydney VC Square Peg, with support from Black Nova and comes just six months after the venture was formed . Co-founders Amit Choudhary and Atif Saad developed their… Read more »
A female-founded wellness management platform for youth athletes has closed a $2.5 million seed round as it looks to help athletes with their mental health. Brisbane-based iNSPIRETEK was founded by former competitive gymnast Annie Flamsteed to provide athletes with mental health support and the tools they need when they need them most. The round was led by… Read more »
‘A rising tide lifts all boats’ is a saying popularised US President John F. Kennedy. It’s a reference to everyone winning when the economy is strong. For many investors, 2021 has been a king tide. And this month, the good ship Blackbird, the Australian venture capital firm, revealed just how rising valuations in the companies… Read more »
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