Sydney health analytics startup Prospection, which uses AI and machine learning to provide patients insights on potentially life-threatening diseases, has raised $45 million in a series B. The round was led by Ellerston Capital’s JAADE fund, chipping in $30 million, with the balance coming from existing backers, the CSIRO VC fund Main Sequence Ventures, and Hong… Read more »
An artificial intelligence startup making AI accessible to smaller companies has raised A$2.75 million (US$2m) in a pre-series A round. Pi.Exchange describes itself as an AI-as-a-Service provider and is targeting the banking and retail to professional services sectors with its product. Investors included AI-dedicated VC Boab AI, Artesian, Nextrans and Vision Creator, alongside additional support… Read more »
Sydney startup Dovetail has raised A$5 million in a round led by US VC Felicis Ventures. The raise was also supported by Mike Cannon-Brookes’ family investment vehicle Grok Ventures, Didier Elzinga, the co-founder of Culture Amp, and Blackbird Ventures. The software company enables teams to make better decisions through deep customer understanding, and will use… Read more »
New York private equity venture Insight Partners has made another investment down south, leading a NS$17 million (A$16.2m) series A into New Zealand legal tech LawVu. AirTree Ventures returned for this round, having been part of a A$2.3 million pre-series A in May that also saw investments from US-based Shasta Ventures and NZ Growth Capital… Read more »
Employee engagement platform Culture Amp has raised US$100 million (A$135m) in a series F that doubles the tech startup’s valuation to $2 billion in just two years. The fresh round gives the business a US$1.5 billion (A$2.02bn) valuation, double its worth since 2019’s US$82 million (AU$121m) in series E. The raise was led by TDM… Read more »
Mixed Martial Arts (MMA) program Wimp 2 Warrior has raised $7.5 million to go digital. The raise was backed by the News Corp Scaleup Media Fund, Mark Bouris, the Smorgon family’s Sandbar Investments, Altor Capital, Shaw & Partners, and Lucerne Investment Partners. The venture last raised $2 million two years ago from ex-MLC CEO Geoff… Read more »
A Melbourne startup aiming to be the Canva of 3D presentations has raised $6 million in a series A round. Existing investors Rampersand, Boost VC and Investible backed JigSpace once again along with new investors including Vulpes, and Roger Allen’s Patagorang Investment Group. The four-year-old venture, which only launched its product 12 months ago and… Read more »
A Melbourne medtech building hypnosis-based therapeutic apps to help people self-manage a range of illnesses has raised a US$5 million (A$6.5m) seed round. San Francisco angel investor and startup founder James Beshara led the round for Y Combinator-backed Mindset Health joined by Giant Leap, Banana Capital, Fifty Years, and several angel investors. Mindset Health partners with health… Read more »
Parcel delivery service Sendle has raised $45 million in a series C. The round was led by Afterpay-backed AP Ventures alongside existing investors including Federation, Full Circle and NRMA Insurance. Afterpay has a majority stake in AP Ventures – not to be confused with the British VC of the same name – and counts billionaire… Read more »
Melbourne fintech Zeller turbo-charged its balance sheet a week before it launched in early May, with US firm Spark Capital leading a $50 million extension on its series A round, making it the country’s most valuable pre-launch startup. Existing backers Square Peg, Apex Capital Partners and Addition joined the latest raise. Founded by former Square… Read more »
Financial advice startup Lumiant, has extended its $1.17 million seed capital raise through equity crowdfunding site Equitise and is now looking to raise a further $2 million. The fintech it’s seeking the additional capital amid high demand for its services to investing in its ability to scale and increase distribution across Australia. Lumiant is a… Read more »
Emmi, a carbon risk management startup that lets institutional investors improve their understanding of how financially exposed they are to carbon risks, has launched after attracting a series of high profile investors to join its board. Tim Samway, chair of Hyperion Asset Management, Coca-Cola Amatil and Boral director Catherine Brenner and Startmate investor Patrick Sieb… Read more »
Construction tech platform Mooven has raised $5 million in a series A. VC firm Equity Venture Partners led the round supported by Five Ventures Investment. The funds are earmarked to scale its Australian and New Zealand teams, and prepare for expansion into the United States. Mooven provides construction teams, project managers and governments with the… Read more »
Melbourne-based workforce management startup Ento has closed a $5 million Series B, with its backers eyeing an ASX listing. The round was led by Perennial Value Management, with existing investor AirTree Ventures chipping in once again. The funds will be used to double the size of the current team of 40, open offices in Sydney and… Read more »
Ivvy, a cloud-based event and venue management platform, has raised A$7 million in a pre-IPO round. The pre-IPO raise was led by Thorney Investment Group, and Gandel Invest, led by Tony Gandel. Ivvy plans to list on the ASX within the next 12 months. The 12-year-old venture has now raised $20 million in funding, including a $6… Read more »
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