Logistics scheduling software startup Veyor Digital has raised $2.75 million in a pre-Series A with its eyes on US market expansion. The round was led by Sydney VC Investible via its Early Stage Fund 2 alongside members of its Club Investible syndicate and other angel investors, as well as Aconex cofounders Leigh Jasper and Rob… Read more »
Victorian solar generation and thermal storage company RayGen has kicked off a Series D raise with $20 million from Breakthrough Victoria alongside a US$20 million (A$31m) follow-on investment from NYSE-listed SLB, as part of plans to expand offshore. RayGen uses proprietary photovoltaic solar modules that generate nearly 2,000 times more power than traditional photovoltaic systems… Read more »
Melbourne startup WorkRex has raised $220,000 from early stage VC Skalata for its all-in-one customer marketing platform for small business. Cofounders Jing Chen, Lance Qian, and Myron Liu – an optometrist, ex-McKinsey consultant, and software engineer respectively – developed the platform after a deep dive into how small-to-medium-sized are struggling to keep up with growing… Read more »
A New Zealand startup offering to train 1000 students in the entry-level AWS certification for free has raised $2.3 million in pre-Seed funding The round for NextWork was led by Kiwi VC GD1 with support from Blackbird, Icehouse, Phase One Ventures and the founders of Eucalyptus. The Wellington-based online education startup has set out to… Read more »
Food distribution startup Prep has raised $200,000 from Melbourne VC Skalata to connect major food retailers, corporates and restaurants with emerging food brands. Prep enables food producers and brands to efficiently scale B2B distribution – anywhere – for a low margin. The platform integrates with a producer’s existing ordering systems, and is five times more… Read more »
US climate tech investor Sophie Purdom has made her first international investment via her New York VC fund Planeteer Capital, leading a $5.3 million Seed round. Purdom visited Sydney late last year as a keynote speaker at Climate Salad‘s Climate Tech Festival, which featured more than 50 Australian climate tech startups. The one she’s picked… Read more »
Away from the VC mega-round headlines or the hard stories of founders who can’t raise capital at any price, is the solvable problem of how much money a new founder should raise. I’ve participated in hundreds of investments where founders have opted for different answers to this question, and watched the consequences unfold over the… Read more »
FinTech Australia is calling on the Federal government to address the challenging capital raising environment for startups and renew its support for Austrade’s effort to promote our local sector abroad. In its pre-budget submission tabled ahead of federal treasurer Jim Chalmers announcing his 2024 Budget on May 14, FinTech Australia CEO Rehan D’Almeida said the… Read more »
New Zealand lawtech startup VXT has raised NZ$1.8 million (A$1.65 million) in a pre-Series A. The round was led by existing investor GD1 with follow on-investments from Startmate and Phase One too as well as Silicon Valley entrepreneur and former Lattice boss J Zac Stein joining the cap table. VXT has developed an AI-powered communications… Read more »
Three-year-old insurtech startup Honey Insurance has raised $108 million in a Series A that’s lured in US investors Founded by entrepreneur Richard Joffe, cofounder of US-based Park Assist and Stella.ai, Honey launched in 2021. It raised a record $15.5 million in a Seed round led by underwriting partner RACQ and other institutional investors, including AGL,… Read more »
A New Zealand data analytics startup using machine learning to detect suspicious activity by vessels at sea has raised a NZ$5 million (A$4.6m) in a Seed round. The round for Starboard Maritime Intelligence was led by Kiwi VC Altered Capital, supported by Icehouse Ventures, Invest South, Soul Capital, and Whakatupu Aotearoa Foundation, as well as marine-focused… Read more »
Women’s healthtech startup Femtek has raised $1 million in Seed funding to give women better data around their menstrual cycle. The round was led by startup incubator and early-stage investor Arcanys Ventures, which also has an office in Melbourne led by managing partner Frederic Joye, alongside Philippines-based software outsourcing and a Swiss office. Techstars and… Read more »
Banking-in-box fintech Constantinople has raised $50 million in a Series A. The round was led by Dutch internet investment firm Prosus Ventures, with support from existing Australian backers Square Peg and AirTree. The Sydney startup, founded in 2022 by former Westpac managers Macgregor Duncan and Dianne Challenor, previously raised US$23 million (A$32m) in a Seed… Read more »
The company behind fan engagement social media brand Basketball Forever has raised $6 million in a Series A. The round for Forever Network was led by Yolo Investments, with support from Three Kings Capital, Folklore Ventures and Astralis Capital. Forever Network will use the capital to expand into the US in the second half of… Read more »
Welcome to The Ask, Our new column on Startup Daily designed for founders looking for capital. It may be venture capital, crowdfunding or another path, and is designed to flag your startup to potential investors. If you’re on the hunt for cash, we’re happy to share the news with Australia’s startup community. This is your… Read more »
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