Melbourne biotech startup Prota Therapeutics has raised US$21 million (A$32m) ahead of a Phase 3 clinical trial for its oral therapy treatment for peanut allergy. The round, a combination of equity and debt financing, was led by Singapore-based SPRIM Global Investments (SGI). Australian VC OneVentures was an early backer of the biotech and one of… Read more »
New Zealand customer insights innovation platform Ideally has raised $2 million in a Seed round as it looks to expand its presence in the Australian market. Auckland VC Icehouse Ventures backed Ideally, which emerged from TRA Labs and Previously Unavailable – the partnership behind brand tracking phenomenon Tracksuit. Ideally’s self-service platform tests product-market fit, delivering… Read more »
More than 1,100 investors have backed crowd-sourced funding (CSF) platform Birchal in its own CSF campaign, raising $2.39 million. Alongside a range of retail investors, the cap table includes existing investor Dom Pym, cofounder of Up; Mckeage Cole Foundation MD Connie Mckeage; Giant Leap venture partner Peter Cameron; TodayPay founder Peter Cameron; Doshii founder Sean… Read more »
Listed fintech Identitii (ASX: ID8) has sold nearly half its stake in its payments subsidiary Payble for $1 million, alongside a $2.5 million raise for the startup. Identitii sold 48% of its Payble shareholding to OIF Ventures for $1 million. The Sydney VC also tipped $2.5 million in additional capital into the fintech, founded in… Read more »
An all-in-one finance and lifestyle app for international students has raised $1.6 million in Seed funding. Mist was backed by Investible, Allectus Capital, Archangel Ventures, Seedspace, and The Hunter Angels. It wants to become the go-to app for international students, offering a streamlined solution for relocating to another country to study, especially around banking and… Read more »
A startup digitising security with what’s known as a digital lockout tagout (LOTO) has raised $600,000 in its Seed round. Smartlox is a cloud-based, real-time safety, security and smart access system that integrates with Nokē Bluetooth padlocks to increase the safety of frontline workers. It disrupts traditional lockout tagout practices through the use of electronic lockout… Read more »
Online wholesale marketplace Andisor has raised a $1M pre-Seed funding round. The raise was backed by Antler, LaunchVic’s female founder-focused Alice Anderson fund, Jam Pad Investments, and several prominent retail operators and leaders. Andisor emerged out of the Antler program in 2021, with founder and CEO Vandana Chaudhry, building a platform to connect enterprise-level buyers… Read more »
AI-based workflow automation startup has raised $15 million in a Series A as it looks to ramp up its international presence. The round was led by King River Capital along with support from Peak XV’s Surge (the former Sequoia Capital India), and existing backers Galileo Ventures and Insight Partners. Relevance AI previously raised $4 million… Read more »
Perth startup Omni Biotech has raised a $300,000 in pre-Seed funding from Melbourne VC Skalata Ventures to help develop its hydration monitoring platform. Curtin and Stanford University graduates Will Poot and Zac Farrow are Omni’s cofounders and are using the existing optical sensors in smartphones and wearable devices to monitor a wearer’s hydration levels in… Read more »
Sydney-based decision intelligence startup SourseAI has raised $3 million in Series A as it looks to expand in Europe. The round was led by enterprise technology investors Centerstone Capital, with cofounder Luc Maasdorp joining the SourseAI board. The startup, which now raised $5 million in total, has honed its focus since raising $1.5 million to… Read more »
If you’ve ever stared at your fridge contents like a Masterchef mystery box, wondering how to turn it all into dinner, then a new recipe platform, which just scored $4.15 million in Seed funding from the likes of Blackbird Ventures, could be the answer. Called Clove, it’s been developed by two former Canva employees, the… Read more »
A generative AI content production platform that has created more than 700 million images, and trained more than 470,000 custom generative AI models, since launching a year ago has raised $47 million, The next level version of OpenAi’s DALL-E, Leonardo.Ai was backed by Blackbird, Side Stage Ventures, Smash Capital, TIRTA Ventures, Gaorong Capital and Samsung… Read more »
A virtual reality startup which has developed the medical version of a flight simulator for doctors has raised $7 million in a round described as a pre-series A. The round for Vantari VR was led by Co:Act Capital with support from Acova Capital, Significant Early Venture Capital and Sirius Capital, as well as several investors… Read more »
A defence tech startup that helps drones and airborne surveillance craft “see” better has raised $4.45 million in a Seed round. The investment in Arkeus was led by CSIRO deep tech VC Main Sequence, with participation from Steve Baxter’s new defence-focus fund, Beaten Zone Venture Partners, and Salus Ventures. The capital is allocated towards scaling… Read more »
Legal industry collaboration platform Nexl has raised $6.6 million in a Series A as it looks to modernise business law. The round was co-led by Shearwater Capital and existing backer EVP. The business has now raised $10 million in 2023. Philipp Thurner, the former head of innovation at top tier law firm Gilbert and Tobin,… Read more »
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