New Zealand digital teaching aid Education Perfect has acquired a bootstrapped Victorian edtech assessment platform Essential Assessment in a deal believed to be worth $40 million Education Perfect (EP) saw global equity giant KKR take a majority stake in the business two years ago in a deal worth more than $400 million. The terms of… Read more »
Enterprise software startup Complexica has raised $6.5 million in a round backed by Acorn Capital. The nine-year-old Adelaide tech company has now taken on $31 million in external capital over the last two years as it ramps up the use of artificial intelligence and machine learning in software for optimising and automating sales, marketing, and… Read more »
Edtech Cleverbean has raised $200,000 in Seed funding from Victorian early-stage investor Skalata Ventures to help reduce teacher burnout, at a time when a record number are leaving the profession. The startup offers thousands of evidence-based and research-backed learning materials for the K-6 Australian English curriculum. Cleverbean was cofounded Lucy Chambers, a teacher, and Alina… Read more »
Paris Hilton and electronica duo The Chainsmokers have been added to the A-lister cap table of LA-based expat Australian startup Checkmate, which has raised US$15 million (A$23m) in a Series A. The round was led by GV (formerly Google Ventures), with support from DJ duo Alex Pall and Drew Taggart’s VC fund Mantis, plus several… Read more »
While startup funding globally fell last year, New Zealand venture capital investment was still on the rise, with NZ$726 million poured into 154 deals in 2022, according to the Technology Investment Network (TIN). The Technology Investment Report, launched in Auckland as part of Techweek 2023, covers funding Pre-Seed to Series C+, tracking record levels of funding… Read more »
Fleet Space Technologies has raised $50 million in a Series C round that values the South Australian satellite startup at more than $350 million. The round was led by existing backers Blackbird, with support from Atlassian cofounder Mike Cannon-Brookes’ Grok Ventures, Alumni Ventures and super fund Hostplus. New to the cap table are TelstraSuper, former… Read more »
Climate change and natural capital technology company FLINTpro has raised US$9 million (A$13.5m) in a Series A as it looks to ramp up its US growth. The round was led by Understorey Ventures with new participation from Pollination, Persei Venture and existing investors Ananta-OM and Synovia Capital. FLINTpro is a pioneering software system that integrates… Read more »
Sydney satellite data analysis startup Arlula has raised $2.2 million in a Seed round . The round was led by CSIRO’s deep tech VC fund Main Sequence, with support from Black Nova Venture Capital. Launched in 2018, Arlula makes Earth Observation (EO) data and imagery captured by satellites available for companies to make better decisions… Read more »
Enterprise software startup Servicely has raised $3 million as it looks to transform how people work. The round was led by Sydney B2B SaaS focused venture fund EVP. The funding is allocated towards further international expansion and enhancing the startup’s Enterprise Service Management (ESM) platform. Servicely’s software-as-a-service (SaaS) platform uses artificial intelligence (AI) to augment… Read more »
Medical cannabis company Cannaponics has raised a record-equalling $5 million – the maximum allowed under Australian law – in an equity crowdfunding campaign via Birchal. The campaign for the West Australian startup lasted just two weeks with 2,771 investors buying in. The only other company to raise the $5 million maximum was Byron Bay’s plastics… Read more »
Breakthrough Victoria, the state government’s $2 billion investment fund, has backed edtech startup Cadmus, which is helping universities detect generative AI plagiarism, chipping in $600,000 as part of an undisclosed total round for global expansion. Cadmus emerged in 2015 out of a research project at the University of Melbourne. The software platform has sophisticated learner… Read more »
Chalk up another $32 million to the investment tally in 2022 with belated news emerging this week that software fintech Constantinople banked a US$23 million (A$32m) Seed round in May last year. If two’s enough to be a trend, then late funding announcement are the new black after meal ordering platform Me&u revealed last month… Read more »
Four-year-old Melbourne online mortgage broker Finspo has raised another modest round, pulling in $2.55 million in a Series D for upgrades to its digital platform. The company did not disclose who supported the raise. Founded by ex-bankers in 2019, and launched in 2020, Finspo previously raised $2.7 million in Series A in November 2020, $4 million… Read more »
Melbourne healthtech startup Eyetelligence, which uses advanced artificial intelligence (AI) technology and retinal imaging to screen for eye and other diseases, has raised US$12 million (A$17.75m) from New York investor Ascertain. Eyetelligence’s AI-enabled products are already being commercialised in Australia, including by Bupa Optical and the optometry chain George & Matilda, as well as in… Read more »
New Zealand procurement startup Cotiss has raised $2.2 million in pre-Seed funding. The round led by Blackbird Ventures, supported by Icehouse Ventures, AfterWork Ventures, Phase One, and Co-Ventures. Cotiss is looking to help small and medium-sized procurement teams with simple, intuitive software that improves efficiency and saves money for organisations in high regulation and compliance industries… Read more »
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