Biotech startup OccuRx has raised $16 million to fund clinical phase studies for its oral therapy to treat chronic kidney disease (CKD), a leading cause of death. The round was jointly led by Brandon BioCatalyst and Uniseed and also includes a $1.5 million grant from biomedical incubator CUREator. The funding will be used for a… Read more »
Melbourne medtech startup Nutromics has raised US$14 million (A$20.5m) for its wearable diagnostic platform as it looks to ramp up its expansion in Australia and the US. The round was led by the venture arm of US medical device company Dexcom alongside VU Venture Partners, and Artesian Investments. Nutronics has now raised more than US$20… Read more »
New Zealand employee experience design startup Excellent has raised NZ$2 million in a pre-Seed round. ANZ VC Blackbird Ventures led the round, supported by Icehouse Ventures, Sir Stephen Tindall’s K1W1 ), and several other founders, including Sharesies founders Brooke and Leighton Roberts, Phase One Ventures CEO Mahesh Muralidhar, Joyous cofounder Mike Carden, Groov CEO Adam… Read more »
Investors kept their wallets shut once again in August with Australian startups receiving a combined $225 million worth of funding over 32 deals. That’s nearly half the amount of funding announced in August 2021 ($443 million), according to the Cut Through Venture newsletter, and is a sign of a continued investment slowdown coinciding with interest… Read more »
Local fabricator-less semiconductor company Morse Micro has pulled in $140 million in a series B funding round. The bulk of that investment has come from Japanese chipmaker MegaChips who fronted up $100 million for the Australian Wi-Fi innovator. Co-founder and CEO of Morse Micro, Michael De Nil said the partnership with MegaChips was serendipitous, that… Read more »
Deloitte Tech Fast 50 startup Evrima, which helps pharmaceutical companies run clinical trials for new drugs, has raised $3 million. The round was led by the Sydney arm of alternative investments firm Artesian, supported by BridgeLane Capital and Wavemaker Partners. It’s the first investment via Artesian’s new $100 million Female Leaders VC Fund, which is… Read more »
Cricketing Hall of Fame batsman Kumar Sangakkara has cofounded an esports platform that’s raised US$2.5 million (A$3.2m) in Seed funding to play sport in the metaverse. The round was led by new Singapore-based investment firm Hangar X, plus several sports and web3 investors, including US-based Nucleus Advisors founder Jordan Waxman, Perth-based 5point8 Capital director Mark D’Alessandro… Read more »
Small business carbon footprint measurement startup NetNada has raised $200,000 in Seed funding from Skalata Ventures to make reporting easier and more affordable for SMEs. The backing from Paul Little and Darrell Wade’s Melbourne VC comes amid a shift in focus from bi-annual cohorts to now invest in up to 5 early-stage companies per month, on… Read more »
Sydney martech startup LUMOS has raised $800,000 in an oversubscribed pre-Seed round as it looks to carve out a new niche in the advertising industry. The raise was backed by Claremont Capital, Dorcas Capital and angel investors including Imprint Capital Partners partner Curt Shi, Beames Capital partner Hugo de Jong, Metagrove Ventures managing partner Barry… Read more »
Brisbane startup Midnight Health has taken on a $12 million Series A investment from health insurer, nib, which values the 18-month-old healthtech brand builder at $48 million. The latest backing follows on from a $4 million initial investment from nib in November 2021. The fresh capital is earmarked towards technology investment, more staff, new product… Read more »
Ambit, the conversational artificial intelligence platform, has raised NZ$1M to accelerate expansion into Australia where it is targeting new clients in the retail, utilities and financial services sectors. The capital raise attracted new investors including Quidnet Ventures, a New Zealand deep tech VC founded by Mark Bregman, PhD, a former CTO of global firms NetApp,… Read more »
Sydney-based Devicie has raised $14 million in a Series A to expand offshore with its end-user device security management software. The round was led by New York VC giant Insight Partners, supported Australian cyber security services provider CyberCX. Devicie previously raised $1.3 million in Seed capital from angel investors and the cybersecurity venture accelerator program… Read more »
New Zealand customer messaging platform Atomic.io has raised $4.5 million in a Series A. The round was led by veteran Wellington VC Movac, supported by K1W1, Hoku and existing investor and Atomic director Rod Drury as well as fellow Xero cofounder Hamish Edwards, along with former Xero execs Paula Jackson, Alistair Grigg, Paul Williams, and Ben… Read more »
A buy-to-earn fintech Hello Clever has raised $4.5 million in a Seed round as it looks to build out its instant rewards ecosystem. The round was led by Vectr Fintech Partners with participation from CrossFund, Yolo Investments, Magnivia Ventures, Son Tech Ventures, Boson Ventures and notable angels such as Ken Cheung, the former APAC head… Read more »
A former child slave who escaped civil war in Somalia for a new life in Australia, where she started out washing dishes for $5 an hour before going to become chief information officer at Qantas, has raised $28.3 million for her blockchain-based food supply chain startup. The round in Jamila Gordon’s Lumachain was led by… Read more »
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