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 »
A startup turning agricultural waste into activated carbon, which is used to filter environmental toxins, has raised $2.6 million in a Series A. Government-backed investment fund Breakthrough Victoria chipped in $1 million, joined by VCs Alberts Impact Ventures, Investible, Artesian and Startmate. The funds will support the testing and establishment of Bygen’s large-scale production plant,… Read more »
Western Australian self-manage care platform PlanCare has topped up its Seed round to $2.5 million from existing backer Purpose Ventures. The new Perth VC originally backed PlanCare in July 2023, and the additional funding is the first follow-on investment from Purpose. PlanCare founder Dave Newman previously ran Morning Startup for more than a decade and… Read more »
Victorian startup Diversity Atlas, a diversity, equity and inclusion (DEI) data analytics platform, has raised $6 million in a bridge round. The capital came via Canadian impact investment platform Gener8 VC. The Melbourne-based startup is looking to double the size of its current team of 35 as it expands into new markets in the EU and… Read more »
Clean energy startup MGA Thermal, has raised an additional $5.7 million to develop its thermal energy storage (TES) system. This round was backed by existing investors including Main Sequence and Melt Ventures with specialist clean tech investor JEKARA joining the cap table. The new capital tops up an $8 million in September last year. MGA Thermal has… 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 »
Australian disability tech accelerator Remarkable has backed a US med tech startup reducing urinary tract infection (UTI) risks in a US$6 million (A$9.1m) Seed raise. The round for New York medtech startup Aurie, was led by existing investor Lakehouse Ventures. Founded in 2018, Aurie has developed a reusable, no-touch, intermittent catheter system used by people… 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 »
A $20 million business investment fund has launched in the Northern Territory in a partnership between the government and Darwin investment firm Paspalis Corporation. The Territory government is tipping in $10 million through the Local Jobs Fund, matched by Paspalis, with funding of up to $5 million available for domestic and international businesses looking to… Read more »
The QBE Foundation has given Indigenous-led investor First Australians Capital (FAC) a $500,000 to provide Seed funding for Indigenous startups. The grant will form part of a seed capital pool established by FAC to fund startups and early-stage businesses run by Indigenous Australians. FAC is an Indigenous-led organisation focused on business advisory services coupled with… 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 »
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