US VC giant Tiger Global Management has backed one of the multiple local startups hoping to carve out a slice of the rapid grocery delivery market, leading a $75 million Series A into Milkrun. Founded by Koala co-founder Dany Milham, the 10-minute delivery service only launched four months ago, having previously raised A$11 million in… Read more »
Customer research platform Dovetail has raised US$63 million (A$87m) in a Series A for the software startup’s first major funding round. The raise was led by Accel, with participation from existing investors including Blackbird, Felicis Ventures, Grok Ventures, and CultureAmp CEO Didier Elzinga. New backers include Slack CEO Stewart Butterfield, Wedflow CEO Vlad Magdalin and… Read more »
A Sydney edtech startup helping people unlock the power of cloud software has raised $1.3 million in a seed round. The raise for Saasguru was led by Sydney VC Square Peg, with support from Black Nova and comes just six months after the venture was formed . Co-founders Amit Choudhary and Atif Saad developed their… Read more »
A female-founded wellness management platform for youth athletes has closed a $2.5 million seed round as it looks to help athletes with their mental health. Brisbane-based iNSPIRETEK was founded by former competitive gymnast Annie Flamsteed to provide athletes with mental health support and the tools they need when they need them most. The round was led by… Read more »
‘A rising tide lifts all boats’ is a saying popularised US President John F. Kennedy. It’s a reference to everyone winning when the economy is strong. For many investors, 2021 has been a king tide. And this month, the good ship Blackbird, the Australian venture capital firm, revealed just how rising valuations in the companies… Read more »
Officely, a desk booking service for hybrid offices, has raised US$2 million (A$2.8m) in seed funding. The round was led by investor TEN13 alongside angels such as Go1 co-founder Vu Tran and Luxury Escapes co-founder Adam Schwab. The funds will be used to expand the team, and grow the product offering and feature sets. Officely was… Read more »
New Zealand agritech startup Croptide, which transmits plant water health to a farmer’s phone in seconds, has raised $1 million in pre-seed funding. The round led by Icehouse Ventures with support from Sir Stephen Tindall’s K1W1 and Masfen Group. Croptide uses internet-enabled sensors to provide timely water measurement data to fruit and wine grape growers.… Read more »
New Zealand fleet inspection and maintenance software startup Whip Around has raised NZ$21 million (A$20m) in a Series B. The round was led by New Zealand-based Punakaiki Fund and US VC firm Amplo. Founded in 2016 by Tim Boyle and James Colley, Whip Around develops solutions to tackle the compliance burden for transport companies in… Read more »
Ecommerce tech platform Rokt has raised the bar on venture capital backing for Australian startups after raising A$458 million in a Series E. It’s the biggest single venture raise in Australian history and values the business at $2.75 billion. That more that doubles the company’s valuation from A$1.36 billion in June following a secondary share… Read more »
Western Australian billionaire and environmental campaigner Andrew Forrest has backed Sydney plant-based proteins company ProForm Foods as it looks to to target international markets. The strategic minority stake – its value was not disclosed but it’s believed to be around $5 million – came through Forrest’s family company Tattarang’s agri-food venture Harvest Road. ProForm Foods is… Read more »
Online teaching and learning platform Atomi has raised $9 million in a Series A. The round led by Sydney VC OIF Ventures amid plans for continued international expansion and team growth in the US and UK. Playing in the e-learning space alongside the likes of Education Perfect, Atomi is an online teaching and learning platform that video… Read more »
Online grocery supermarket VOLY has raised $18 million in a seed round just five months after launching. The round was led by Sequoia Capital India, with increased backing from Global Founders Capital (GFC) and Australian-based Artesian Capital. The business launched in July 2021 seeking to take on the rapid food delivery market with a promise… Read more »
Cancer research and drug development biotech company Inventia Life Science has raised $35 million in a Series B. The round was let by Blackbird Ventures, with Skip Capital the family VC of Kim Jackson and Atlassian’s Scott Farquhar once again backing the Sydney-based company. Inventia has now raised $45 million in total. Founded in 2013… Read more »
Runn.io, a New Zealand software startup that offers company project managers the ability to plan, track and forecast staffing capability and capacity, has raised US$1.41 million (A$2m) in a Seed round. The round was backed by leading NZ VC GD1 as well as Wavemaker, NZGCP, K1W1, Dovetail Ventures, Icehouse Ventures and Angel Marlborough. The funding… Read more »
A tech consulting venture that helps companies and governments build and market apps, from Qantas to the ATO, has raised $3 million as it looks to go on an acquisition spree. Sydney-based Terem Technologies, founded in 2011 by Scott Middleton, raised the cash in a round led by Sydney investment firm Parc Capital. Middleton said… Read more »
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