Sydney health analytics startup Prospection, which uses AI and machine learning to provide patients insights on potentially life-threatening diseases, has raised $45 million in a series B. The round was led by Ellerston Capital’s JAADE fund, chipping in $30 million, with the balance coming from existing backers, the CSIRO VC fund Main Sequence Ventures, and Hong… Read more »
A health tech gig economy platform for aged care and disability support workers has raised $100 million. Mable, which counts US Open grand slam and Paralympic gold medal winner Dylan Alcott among its backers, has taken on the equity investment from global private equity firm General Atlantic. (Alcott’s US Open Quad title win today gave… Read more »
Australia has a new unicorn fintech after Tiger Global led a $210 Series A round into European-focused payments fintech Scalapay. Baleen Capital and Woodson Capital also came aboard as new investors alongside existing backers Fasanara Capital and Ithaca Investments. Scalapay was founded just two years ago by Australians Simone Mancini and Johnny Mitrevski. Its buy… Read more »
Sydney “nano-gifting” app Shouta has raised $1 million in a seed round backed by a range of startup entrepreneurs. The app, which launched in December 2020, allows users to instantly gift or ‘Shout’ anyone in their phone contacts by sending them a link to a digital, prepaid Shouta Mastercard. The reloadable card can be spent… Read more »
Sydney-based digital twin tech startup Willow has raised US$43 million (A$58 million) in a pre-Series B. Existing shareholders, including Willow Chairman Nicholas Moore, the former Macquarie Group CEO, and Willow director Jim Cooney, doubled down on their investment along with institutional investor Perennial Value Management. The four-year-old software venture also took on WatermanCLARK co-founder Ric Clark, the former… Read more »
Connected devices tracking startup AirBolt has raised $2 million in a seed round. The raise was led by 72Capital and Moat Investments, with the funds deployed to expand AirBolt’s range of connected devices and global partnerships. Airbolt’s products include a smart travel lock, the world’s first Bluetooth-enabled smart travel-sized lock and a next-generation GPS, LTE-M,… Read more »
Today, September 9, is RU OK Day. R U OK? inspire and empower everyone to meaningfully connect with the people around them and start a conversation with those in their world who may be struggling with life. You don’t need to be an expert to reach out – just a good friend and a great listener. … Read more »
New Zealand data insights startup Yabble has raised NZ$3 million (A$2.9m) as it looks to expand into Australia and then the US. The AI company’s second raise was led by Hillfarrance among existing investors that include Movac, New Zealand Growth Capital Partners, Enterprise Angels, and other Angel networks, and high-net-worth individuals. Co-founders Kathryn Topp and… Read more »
Future of work startup Remote Social has raised a $1 million seed round. The raise was led by Black Nova VC, supported by neuroscience consultancy NeuroPower, Antler Australia – the startup emerged out of Antler Australia, and several strategic angels. Remote Social’s angel investors include Atlassian VP of engineering Zak Islam, Archangel Ventures partner Quentin Wallace,… Read more »
Video analytics platform Unleash live has raised $8 million in a series A round led by tech unicorn SafetyCulture. The five-year-old tech startup’s ‘Intelligent Remote Vision’ enables companies to improve productivity and safety, as well as reducing costs by using real-time video analytics to transform visual inspections. Roger Allen’s Patagorang Investment Group was among the… Read more »
Welcome to Giant Leap’s Small Steps, a newsletter offering global insights and news on the impact startups landscape. We’ll be sharing an edited version with Startup Daily readers every fortnight. Giant Leap is Australia’s first impact venture fund, and they use this newsletter to surface the ideas and businesses that intrigue and inspire them and… Read more »
Australian insurtech Open has raised a $31 million series B as it looks to launch in New Zealand and the UK in the 12 months. The round was led by Kiwi VC Movac and Latitude in the UK. Existing investor AirTree Ventures backed the scale-up once again, taking the total capital raised to $53 million.… Read more »
Impact VC fund, Giant Leap has raised more than $15 million in less than four weeks for a second fund, Giant Leap II. Many of the backers in the original fund, launched in 2016, have invested in the new fund. New supporters include QBE Australia and Pexa chair Mark Joiner and Bookish co-founder Peter Haasz.… Read more »
Venture capital investor OneVentures is sharpening its focus on ESG (environmental, social, governance) principles in the startups it invests in to drive change in the sector. Managing director Dr Michelle Deaker, said it’s time for Australian VC firms to align their investment strategies to responsible investment practices and recognise that where they put their moment… Read more »
A molecular medicine startup hoping to save lives through a wearable sensor its creators say is like a “lab-on-the-skin” has raised $5.7 million. Melbourne healthtech venture Nutromics was co-founded Hitesh Mehta and Peter Vranes in 2018 after developing their idea in the MedTech Actuator program. They’ve built what they call a Continuous Molecular Monitoring (CMM)… Read more »
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