Comparison site Finder has raised $30 million in the first raise in its 15-year history as it pivots to fintech business with a focus on digital assets. A single investor, Microsoft-backed Sydney fund Future Now Capital, wrote the cheque for an equity stake in the Sydney-headquartered company, on a $650 million pre-money valuation. Finder plans… Read more »
Skykraft, a Canberra space startup, has raised $3.5 million for its plan to build a satellite constellation for space-based air traffic management services. Former CEO of Macquarie Group Allan Moss, Lennoxgrove Capital and Adcock Private Equity are among the investors. The ACT-based space services company specialises in the design, manufacture and operation of SmallSat constellations… Read more »
Sydney-based logistics startup Ofload has bagged $20 million in Series A raise that took less than four weeks. While existing backers such as Maersk Growth, Global Founders Capital, Flash Ventures and Foundamental followed on from 2020’s $2.8 million round with new investors King River Capital, Flexport and Bay Grove signing on. Maersk, Global Founders Capital, Flash and Foundamental also backed a $3.8 million raise… Read more »
Auckland-based cybersecurity startup Onwardly has raised NZ$1 million in a seed round less than 12 months after launching. The seed round was led by Kendra Ross of We Love Cyber, and supported by Pushpay founders Eliot Crowther and Chris Heaslip and entrepreneurs Zheng Li & JD Trask of Raygun. The funds are earmarked towards growth… Read more »
Among the flurry of investments voracious US firm Tiger Global made earlier this year, as the world’s most active startup investor, another Australian startup caught its eye back in March, scoring a US$20 million (A$28m) seed round. Another nine months has passed in “stealth mode” and the online used car dealership, Carma is now looking… Read more »
Ecommerce retailer Pet Circle has raised $125 million in a Series C. The round was led by US investment firm Prysm Capital and Sydney-based TDM Growth Partners, with existing backer AirTree Ventures joined by new investor Baillie Gifford from the UK While the international investment has been announced, it’s still subject to regulatory approvals. The… Read more »
Parkable, a New Zealand-based parking optimisation startup, has raised NZ$4.7 million (A$4.53m) as it prepares for a global push. The round, in both debt and equity funding, was led by Kiwi VC Pioneer Capital, ahead of a planned series B in 2022. Pip England, Chief Executive Partner of Chapman Tripp, New Zealand’s largest commercial law… Read more »
Software platform Marketplacer has raised another $38 million from private investors after the 2021 IPO the company mooted 13 months ago, following a $20 million raise, failed to proceed. The company, which provides ecommerce solutions for retailers such as Myer, Woolworths, Metcash and Bob Jane T-Marts, is now reportedly considering 2022 as a public listing… Read more »
Relevance AI, a Sydney startup founded last year to help developers do more with unstructured data and aid data scientists experiment with vectors, has raised A$4 million in a seed round. The round was led by US VC Insight Partners, which rarely heads into early-stage investment, with participation from Galileo Ventures and Archangel Ventures. The… Read more »
Biotech startup EnGeneIC, has raised $5 million on the VentureCrowd platform in a pre-IPO round, ahead of plans for a NASDAQ listing in Q2 2022. News of positive results for Covid-19 nanocellular vaccine pre-clinical animal studies, saw that figure jump five-fold. The startup has develop proprietary nanocell technology, which they’ve called EDV, which is predominantly… Read more »
No-code app development startup Cogniss has banked $1.1 million from crowdfunding. The campaign raised $1,121,893 from 302 individual investors. Founder and CEO Leon Young has bootstrapped Cogniss for the past five years and says the funds will be used to growth the business both here and internationally. He also has eyes on a private investment… Read more »
Automation technology startup Elenium Automation has banked another A$10 million as it looks to expand its biometric venue access solutions. The round was led by Alex Waislitz’s Thorney Investment Group as a new investor, supported by existing backers NRMA and Acorn Capital. The Melbourne-based startup previously banked $30 million 15 months ago from NRMA and… Read more »
Artificial intelligence (AI) healthcare startup Harrison.ai has raised US$97 million (A$129 million) in a series B to ramp up its global joint venture ambitions in medical diagnostics. Existing backer Horizons Ventures, the VC firm of Hong Kong billionaire Li Ka-shing, led the round. It was supported byBlackbird Ventures and Skip Capital, with new investors Sonic… Read more »
Sydney quantum startup Q–CTRL has raised US$25 million (A$35m) with Silicon Valley VC Airbus Ventures leading the round. Q-CTRL previously raised $22 million in 2019 in a Series A round led by Square Peg Capital. The early-stage VC arm of Airbus was drawn to the work of founder and CEO Professor Michael J. Biercuk after… Read more »
Singapore-based tiny house startup Big Tiny, has raised US$3 million (A$4.2) in pre-Series A funding as it looks to expand in the Australian market Big Tiny designs and manufactures small guest accommodation in Singapore. It has bases in Sydney and Melbourne where it assembles the houses and deploys them in partnership with host landowners. The venture… Read more »
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