Aotearoa data startup Partly, which makes it easier to source vehicle parts, has raised NZ$37 million (A$34m) in a Series A. It’s a national record for a Series A and follows a NZ$3.7 million pre-series A in October 2021. The latest round was led by European VC Octopus Ventures, with Blackbird’s Kiwi wing tipping in… Read more »
Sydney envirotech startup Pathzero is the latest startup to bolster a round with additional funding a year or more later, adding another $8.6 million to what it’s called a Series A+. The business previously raised $6.8 million in October 2021, taking the total raised for its Series A to $15.6 million. VC Carthona Capital once… Read more »
Carbon management startup Avarni has raised $3 million in venture funding, less than 12 months after launching. It’s the startup’s second raise – and part of a recently emerged trend to decline to identify a round – since it was founded in 2021. CSIRO VC fund Main Sequence Ventures led the raise with support from… Read more »
A Melbourne startup tackling the tricky task of ensuring the quality of 3D printing for aerospace, defence and cutting edge manufacturing, has raised $4.1 million in VC funding. Additive Assurance, which spun out of Monash University in 2019, provides quality assurance for additive manufacturing, and is now looking to expand offshore The round was led… Read more »
Telsta has made its second agtech investment this week, after leading a $12 million round into farm communications startup Zenifi, also tipping $2 million in remote monitoring scale-up Farmbot Monitoring Solutions. The telco previously invested $1 million in October last year in Farmbot’s $2.7 million Series A. The startup had flagged a Series B in… Read more »
Queensland biotechnology scale-up Microbio has raised $3.5 million as it looks to roll out its rapid bloodstream infection tests across international markets. Microbio CEO Paul Carboon said existing and new investors, including eminent scientist and Gardasil co-inventor Professor Ian Frazer, had shown strong support for the biotech as it gains regulatory approval in multiple countries… Read more »
A regional NSW startup that’s extending the range of wi-fi on farms has raised $12 million in a Series A. Telstra, and GrainCorp through is recently launched $30 million GrainCorp Ventures fund, led the round in Wagga Wagga-based Zetifi, with support from existing investors including Cultiv8 Funds Management, the Grains Research and Development Corporation’s (GRDC) GrainInnovate fund, and Artesian. The fresh… Read more »
At Startup Daily’s recent 2023 Tech Playbook From Idea to Unicorn event, our expert panel discussed the state of capital from pre-seed to IPOs. There’s no denying that 2022 has been challenging for startups, but there are some silver linings to be found in some areas. Overall, there’s been a steep drop in venture funding… Read more »
Sydney-based real asset modelling software starup Trendspek, has raised $6.3 million in a Series A. Real estate technology VC Taronga Ventures led raise as a new investor, supported by insurer IAG’s VC arm, Firemark Ventures. The cash is earmarked to grow the team to accelerate product development, expand the existing global reach, and offer a… Read more »
Digital consulting startup FORMM has raised $600,000 in pre-seed funding to help mid-sized companies ramp up their digital capabilities. Digital strategist and former Accenture and EY Digital veteran Robert Kinkade cofounded FORMM (originally Chasm Digital) with serial entrepreneur and product engineer, Chris Clark, to help businesses “shape their digital future” and build new ventures, transform… Read more »
A startup spun out of Melbourne University to help companies improve their processes has raised US$10.3 million (A$15.8m) in a Series B. Apromore enables business teams to quickly visualise and analyse their processes to unlock value or identify strategies for transformation or optimisation. The raise was backed by Salesforce and German software vendor GBTEC, which also… Read more »
A Melbourne startup hoping to improve the customer experience for people dealing with contact centres has raised $5 million US VC firm Bonfire Ventures led the round into Operative Intelligence, with additional funds from Wonder Ventures. The funds will be used to expand staffing and scale its customer intelligence product capabilities. The company, founded in… Read more »
Women-led ecommerce app Sortd has raised $1.26 million in pre-seed funding to help shoppers keep track of their wish lists. Sydney founders Jodine Wolman, 27 and Alexis Aaron, 26 have emerged from the Antler Australia accelerator program with backing from the VC firm and several private investors, including ELMO Software’s chief commercial officer Darryl Garber.… Read more »
A cloud skills and workforce development edtech platform has raised another $4m in what the company is once again calling a Seed round, 10 months after raising $1.3 million in its first Seed round. Local VC giant Square Peg has backed Saasguru once again, having also led January’s initial $1.3 Seed raise. Existing investors Black Nova… Read more »
Identity and fraud detection engine FrankieOne has raised an additional $23 million in a top up to its Series A 13 months on. The self-described Series A+ round was led by existing backers AirTree and US-based VC firm Greycroft, with Westpac’s VC fund Reinventure, Tidal Ventures and Apex Capital Partners also doubling down on the… Read more »
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