Sydney robotics and navigation tech scale-up Advanced Navigation has raised US$68 million (A$108m) in a Series B. The round was led by US private equity firm KKR, supported by deep learning venture firm AI Capital as well as existing backers Main Sequence, Malcolm Turnbull , In-Q-Tel, and OIF. The 10-year-old tech business has now raised… Read more »
Software development startup Buildkite has raised US$21 million (A$31m) in a Series B round. Local VCs OneVentures and AirTree led the round with Up bank founder Dom Pym also chipping in alongside US firm General Catalyst. The Melbourne devops tech company previously raised $28 million in 2020 at a $200 million valuation. It’s just the… Read more »
Electricity retailer Amber has raised $13.4 million in a Series B extension. The additional funding comes nearly 18 months after the Commonwealth Bank backed Amber’s initial $20 million Series B round in May 2021. CBA and another existing backer Square Peg led the round, with motoring mutual the NRMA investing as part of its focus… Read more »
A startup making cheaper rooftop solar panels by replacing the silver in production with copper has raised $21 million in a Series B. SunDrive began life in a Wollongong garage in 2015, cofounded by uni mates Vince Allen and David Hu. Allen developed the idea of using copper as a cheaper alternative during two years… Read more »
Skills analysis startup Reejig has raised $17 million topping up on the $15 million from a Series A just eight months ago. This time Salesforce Ventures, the investment arm of the global tech giant, backed the three-year-old venture. Reejig says the investment is not a Series B raise. The latest cash injection means the HR… Read more »
Brisbane-based youth travel experience startup Travello has raised $10 million in a Series B. The round was led by Queensland Investment Corporation (QIC) with further investment coming from Paspalis Innovation Investment Fund. The cash injection will be used to consolidate its position as a leading tour and travel experiences brand for millennials and prepare for… Read more »
Workplace wellbeing startup Sonder has raised $35 million in a Series B funding. The round was led by Blackbird Ventures with SEEK Investments and SecondQuarter Ventures also tipping in as new investors. Blackbird’s Niki Scevak will join the company’s board. The new capital is earmarked for product improvements on the safety, medical and mental health… 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 »
Payments fintech mx51 has raised $32.5 million in a Series B. The lead backer was not disclosed by the startup, which described them only as as “global fintech investor”. Major existing investors, including Mastercard, Acorn Capital, Commencer Capital, Rampersand and Artesian joined the latest raise. The white-label payment technology provider, spun out of Assembly Payments… Read more »
US-based Australia agtech startup Regrow Ag has raised $50 million (US$38m) from leading American investors to help the farming sector meet net-zero targets. The round is led by Tom Steyer and Katie Hall’s Galvanize Climate Solutions. Existing investors including Cargill, Main Sequence Ventures, Ajax Strategies, Neglected Climate Opportunities (NCO), Microsoft’s M12 and others returned, joined… Read more »
Utilities digital twin tech startup Neara has raised US$14 million (A$20M) in a Series B. The round was led by Kim Jackson’s Skip Capital, with Series A backer Square Peg Capital opening the wallet again, plus OIF. It follows a A$7.25 million Series A in 2021, taking the total capital raised to A$27.25 million. The SaaS… Read more »
Melbourne-based social media venture Linktree has $152 million (US$110m) in a raise the company describes as a Series B extension. This third round of fresh capital comes 12 months after its initial $59 million Series B. The business is claiming a $1.8 billion valuation on the back of its latest cash injection. Linktree has been… Read more »
Australian-founded, Europe-focused buy-now-pay-later startup Scalapay has raised A$692 million in a debt and equity Series B. The round was led by Chinese tech powerhouse Tencent and US VC Willoughby Capital, with participation from existing backer Tiger Global, Gangwal, Moore Capital, Deimos, and Fasanara Capital. The fintech already hit unicorn status last year following a $210… 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 »
Artificial intelligence (AI) healthcare startup Harrison.ai has raised US$97 million (A$129 million) in a series B to ramp up its global joint venture ambitions in medical diagnostics. Existing backer Horizons Ventures, the VC firm of Hong Kong billionaire Li Ka-shing, led the round. It was supported byBlackbird Ventures and Skip Capital, with new investors Sonic… Read more »
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