BetterLabs, the innovation arm of Western Australian motoring club and mutual organisation RAC, has launched a $3 million seed fund to invest in early-stage startups.
As the statistics show, access to capital can be life or death for a business – but it can be difficult and expensive to obtain.
Melbourne-headquartered video production marketplace Genero has raised $4 million in a funding round led by existing backer Ellerston Capital to pursue growth in the United States.
Australian edutech startup OpenLearning has raised $8.5 million in a Series A round led by Malaysian companies Prestariang Berhad and Paramount Corporation Berhad, with participation from a handful of local investors.
Automotive giant Daimler has led a US$175 million ($231 million) funding round for Estonian rideshare startup Taxify, bringing the company’s valuation to US$1 billion.
Sydney human resources startup Employment Hero has raised $8 million in a Series B round co-led by Seek and OneVentures, with participation from existing backers AirTree Ventures and AMP.
Startups in the wide-ranging Australian healthtech sector have raised more than a combined $165 million in funding, while biotech sits at $87.8 million.
Despite the fact they predominantly serve customers across regional areas, agtech businesses are earning a name for themselves in the wider startup space.
Leading investment totals for IoT agtechs is The Yield, which applies its flagship ‘Sensing+’ technology to detect the microclimate of an ecosystem
Ben sits down with Gina to talk about what it was like to start a business within the dial-up era as well as the relationship between investors and founders
Snappr has announced the closing of a $2.5 million seed funding round, with the funds set to help accelerate the businesses expansion across the US.
Flare HR has announced the close of a $7.2 million funding round led by Reinventure Group, which will be used to build out Flare’s HR solution
Galileo Ventures, is looking to raise $20 million to support startups founded by students at Australian and New Zealand universities.
Sydney startup Hometime, a property management service for the likes of Airbnb and other players in the short-term rental space, has raised $1.5 million in a seed round led by Asia Principal Capital (APC).