Women empowerment organisation Dress for Success Sydney (DFSS) has reached halfway in its fundraising goal of $250,000 to assist women throughout Australia in overcoming barriers to employment. The not-for-profit is urging Australians to contribute the equivalent of one hour’s pay to support them in reaching their target. DFSS is an affiliate of Dress for Success… Read more »
Two Australian space startups will receive $4 million grants each from the federal government as part of its Moon to Mars Trailblazer initiative to design semi-autonomous rovers to land on the Moon. Perth-based Australian Remote Operations for Space and Earth (AROSE) consortium and the EPE and Lunar Outpost Oceania consortium will each receive $4 million towards… Read more »
A Melbourne medtech building hypnotherapy-based apps so people can self-manage a range of illnesses has raised a US$12 million (A$17.8m) in a Series A. The round for Mindset Health was led by King River Capital, supported by Andrew Forrest’s Tattarange VC health fund Tenmile, Perennial Partners, impact funds Giant Leap and Alberts, Yard Ventures, WordPress founder… Read more »
Melbourne education tech startup Pivot has raised $1.4 million for its schools feedback platform to improve teaching. The round was led by the Catholic Diocese of Maitland-Newcastle and technology firm DiUS, with support from LaunchVic’s women-led investment program the Alice Anderson Fund. The funding will be used to re-platform the company’s survey-based technology and launch… Read more »
A new medical technology incubator program developed by the Medical Research Future Fund (MRFF) during the former Coalition government will offer up to $5 million in funding for early-stage medical research projects with commercial potential. The $50 million BioMedtech Incubator program is being backed by the MRFF and the Medical Research Commercialisation Initiative. Responsibility for… Read more »
CSIRO-backed fintech DAS (Digital Agriculture Services) has raised $3 million in interim funding in a round led by the VC arm of Canadian communications giant TELUS. TELUS Ventures was supported by existing investors, which include CSIRO, Startmate and several high net worths – and ahead of a broader US series later this year. The business… Read more »
Sydney-based proptech startup, Downsizer, has secured A$3.75 million in seed capital. The round was led by Correlation Australia Holdings (CAH), supported by existing shareholders, including family offices and high-net-worth individuals. It brings the total raised to date to $6.1 million. Downsizer is an award-winning startup that provides digital solutions for the finance, property, and insurance… Read more »
A software startup developed by two University of Queensland graduates has raised $200,000 in a Seed round backed by Melbourne VC Skalata Ventures. Lewi Software is tackling an unsexy part of asset management in the chemicals sector – wastewater management, which has suffered from underinvestment on the software from compared to the rest of the… Read more »
Customer relationship management (CRM) and revenue operations software startup Nexl has raised $4 million in new capital, backed by B2B-focused VC EVP alongside follow-on funds from Vulpes and Saniel Ventures. Nexl was founded 3.5 years ago by Philipp Thurner, who was head of innovation at top tier law firm Gilbert and Tobin. The software platform… Read more »
Melbourne healthtech startup, MoreGoodDays has raised $3.5 million for a digital solution to managing chronic pain. The round was led by Blackbird, with support from impact fund Giant Leap, Side Stage Ventures, the Snow Foundation, and LaunchVic’s female-focused sidecar investment program, the Alice Anderson Fund. Neala Fulia and Helena Ngo co-founded the healthtech platform to… Read more »
The US Treasury Department has intervened to guarantee deposits following the collapse of Silicon Valley Bank (SVB) and halt broader bank run jitters. Secretary of the Treasury Janet Yellen, Federal Reserve Board chair Jerome Powell, and Federal Deposit Insurance Corporation (FDIC) chair Martin Gruenberg released a joint statement on Sunday night, US time, amid concerns of… Read more »
A healthcare startup that simulates real life patient conversations to help doctors and nurses communicate better has raised $1.5 million in Seed funding. The round in SimConverse was led by Folklore Ventures, with support from Artesian. SimConverse was founded by Aiden Roberts and Will Pamment after they met at uni, studying medicine. They has set out… Read more »
A New Zealand medtech startup that’s developed a world’s first wireless brain monitor to remotely manage chronic illness has raised NZ$6 million (A$5.6m) to take the device to clinical trials. Kitea Health spun out of the University of Auckland Bioengineering Institute after developing the implantable long-term brain pressure sensor, which could save the healthcare system… Read more »
Sydney business payments fintech Till Payments has raised $70 million in a Series D, having shed 40% of its staff earlier this year. The company cut 120 staff at the start of 2023 amid a 5-month hunt for capital ahead of plans to list on the US NASDAQ later this year. “Despite our significant successes,… Read more »
Tasmanian accounting software startup Sumday has raised raised $2 million in a pre-Seed round as it looks to expand globally. The raise was backed by VC funds Blackbird and Possible Ventures, as well as Canva cofounder Cameron Adams and Lisa Miller, CEO of Wedgetail Ventures. Sumday gives accountants and bookkeepers the ability deliver non-financial accounting… Read more »
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