Hachiko, an optimisation software startup for industrial battery energy storage systems (BESS), has raised $2.5m in a Seed round. The round was led by Archangel Ventures, with support from Twynam, Investible, Motion Capital, Electrifi Ventures, and Wattle Hill Capital. The funding will help build technical and go-to-market teams as well as deepening and expanding platform… Read more »
Timing is so critical when you’re building and growing a company, but the calendar isn’t the only thing you’re racing. Cash flow – what’s coming in, what’s going out and when – dictates how fast you can move. The good news? You have options. With a few practical changes to how you pay and track… Read more »
3D body scanning platform Bodd has raised $15 million as it looks to expand globally. The round was led by US strategic investor Blue Sky Capital, supported by Ellerston Capital. Existing investors, including chairman Tim Allison, director Peter Leonard, Swans director John Gerahty and his family office Liangrove Group, commodities trader Ken Loughnan and fashion… Read more »
Another startup looking to deal with cattle methane emissions using seaweed has raised $2.176 million in Seed funding. The round for Fremantle Seaweed, at an $11 million pre-money valuation, comes a week after seven-year-old Sea Forest (ASX:SEA) listed on the ASX. The Tasmanian startup raised $20.5 million at $2 per share for a $112m market… Read more »
This week’s funding round-up features a rewards platform for small businesses, a New Zealand agritech company that is tackling methane emissions, a medtech startup pioneering a non-invasive bladder-health treatment, and an edtech venture that is helping ease the admin burden for schools and educators. Keep reading to learn more about Pay.com.au, Ruminant Biotech, Australis Scientific… Read more »
Ochre Ventures, the first Australian VC solely focused on First Nations entrepreneurship, has reached a $30 million first close on the $100m target for its first fund. The VC has already made its first five investments, including veteran First Nations-owned construction and facilities management business PSG Holdings; video games maker MicroProse, which generated $5m in… Read more »
South Asian Australian founders have raised at least $1.6 billion in investment through to 2025, in fields as varied as artificial intelligence, mental healthcare, and sustainability, according to a new report celebrating the local startup sector. The figure demonstrates the growing influence of South Asian founders, says Sandeep Varma, whose SAARI Collective published a list… Read more »
Melbourne fintech pay.com.au has raised $25 million as it looks to head offshore and open in the US. The round was led by Morgans Corporate with support from Wilson Asset Management, Thorney Group, and Ophir. Another $28 million in existing shares also changed hands in a secondary sell-down. The deal valued the payments and rewards… Read more »
A $60 million investment fund backing construction tech to tackle housing development in Australia has been launched by Boman Group. The fund, in partnership with JPCX, the investment arm of logistics and building supplies company JPC, has already completed its first investment in an Australian modular housing company to help it scale. Boman Group founder… Read more »
This week’s funding roundup looks a little different. While it includes startups building AI, solar and medtech solutions, it also includes a bakery with a cult following and a rapidly growing retailer that caters to parents. Keep reading to learn more about 19 Australian and Kiwi companies that have raised more than $59.6 million in… Read more »
Tech accelerator Founders Factory is launching a third startup program in Western Australia after forging a partnership with local multiple sclerosis non-profit, MSWA. The $1.75 million joint venture will fund and scale startups building technologies to help people living with neurological conditions such as MS, stroke, Parkinson’s disease, Huntington’s disease, motor neuron disease (MND) and… Read more »
Sydney drinks brand Hopr has gulped down $3 million in a Seed round after being turned away by local VCs. While consumer brands often turn to crowdfunding for capital, founder Jose Ramirez turned to boutique advisory firm TWIYO to build its cap table, which includes New Zealand exec John Bromley, former Matildas player Sue Read, and… Read more »
Sydney startup Medow Health AI, which is using artificial intelligence (AI) to automate medical reports for specialist doctors has raised $3 million in new funding from the clinicians who backed its first raise earlier this year. Medow Health was cofounded by Joel Freiberg, who has Crohn’s disease, and his brother Josh, inspired by the time… Read more »
Disability worker Storm Menzies, founder of accessible makeup tools startup ByStorm Beauty has won the Kickstarter Challenge, taking home $30,000 in equity-free funding. Four runners-up also took home $7,500 for their startups following the grand final at Parliament House in Canberra today. The five-year-old Kickstarter Challenge, developed by Enterprising ME and run in conjunction with The… Read more »
Nearly $5 million in funding has been awarded to 12 Western Australian innovators and startups working on local health and medical innovation projects The ideas, many from academics and WA’s universities span tests for liver cancer to heart monitoring, endometriosis diagnosis, asthma treatment and more, were funded from the Innovation Seed Fund 2024-25 Program. The state… Read more »
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