Cybersecurity startup Nullify, which uses artificial intelligence (AI) to help software developers and security teams detect and fix potential vulnerabilities in code as it’s being written, has raised US$3.41 million (A$5.2m) in Seed capital. The round was co-led by US VCs Two Sigma Ventures and Root Ventures ahead of the startup’s plans to launch in… Read more »
Plant-based leather substitute startup Alt. Leather has raised $1.1 million in an angel round to replace the alternative of petroleum-based synthetic leathers. The Melbourne-based startup, founded in 2022 by Tina Funder, was backed by Startmate, The Austin Group, Robyn Denholm’s family office Wollemi Capital Group, and LaunchVic’s Alice Anderson Fund, along with strategic angel investors. … Read more »
Medtech startup Pyschae Therapeutics, which hopes to develop botanically-derived treatments and psychedelic-assisted therapies for mental health issues such as PTSD, anxiety and addiction, has scored $4.5 million in syndicated investment from the University of Melbourne. The funding came from the university’s Genesis Pre-Seed Fund, which backs early-stage research and technologies from the campus, as well… Read more »
There’s no shortage of ambition when it comes to trying to recycle plastics, yet less than 10% are actually recycled. A Victorian envirotech startup, Phantm, which has just raised $2 million in Seed funding, is hoping to change that by helping companies understand and reduce their plastic footprint, by using alternatives. The round was led… Read more »
With Facebook now the social media version of a nursing home, a rival London-based startup cofounded by expat Australian Jack Symonds, has bagged $4 million in Seed round. The raise for Lounge, which is connecting the current generation of university students on in four countries, including Australia, was led by Square Peg with support from existing… Read more »
Western Australian battery recycling startup, Renewable Metals has raised $8 million in Seed funding to address low levels of lithium battery materials recovery. The round was led the Investible’s Climate Tech Fund, with support from the Clean Energy Finance Corporation (CEFC) through Virescent Ventures, which tipped in $2.5 million, and US VC the Grantham Foundation… Read more »
While most of us suspect we waste too much of our working day in meetings and dealing with emails, employee communications startup Traffyk.AI has had a look at the size of the problem – it’s a day a week – and done something about it. The enterprise software startup has raised $1.8 million in a… Read more »
Early stage investment syndicate Side Stage Ventures, which is backed by multiple founders, including Linktree cofounders Anthony and Alex Zaccaria, has moved into mainstream VC 15 months on, raising $15 million for its first fund. The Zaccaria siblings, along with What the Health founder Emily Casey, UNIFIED Music Group’s Jaddan Comerford, and others, originally launched… Read more »
Sydney cloud-based cybersecurity startup Plerion has raised US$10 million (A$15m) in a Seed round led by Prosus Ventures, a South African-owned, Netherlands-listed global consumer internet investor. The round was supported by US investment firm Cercano and Atlassian Ventures. The funds will be used on accelerated product development, talent acquisition, and go-to-market strategies. Plerion was founded… Read more »
An Internet of Things (IoT) startup focused on home safety has raised $2.65 million in a Seed round backed by several prominent property sector investors. Sensor Global was backed by Shane Oswin, David Lynas and David Welsh, supported by Causeway Equities, and Second Century Ventures, the VC arm of the National Association of Realtors in… Read more »
Biotech incubator CUREator has allocated $12 million in venture funding to 19 projects focused on a range of global health issues, ranging from treatments for lupus, motor neurone disease, brain and ovarian cancer, and inflammatory bowel disease, as part of its second cohort. Backed by the federal government’s Medical Research Future Fund (MRFF), which invested… Read more »
Applications have opened for the Minderoo Foundation’s 2023 Dream Venture Masterclasses with $200,000 in seed funding on offer for First Nations business owners. The Minderoo Foundation is mining billionaire Andrew Forrest and his wife Nicola’s philanthropic venture. Dream Venture is led by Minderoo Foundation’s Generation One initiative to equip First Nations entrepreneurs with the connections,… Read more »
Cauldron speeds up development of new food, feedstock and fibre ingredients Its hyper-fermentation platform lowers commercial risk & production costs $10.5m Seed round led by Main Sequence + Horizons Ventures An ambitious plan to transform the way new food, feedstock and fibre ingredients are created, by using fermentation has raised $10.5 million in seed funding… Read more »
Investment and market research services provider, NetworksX, has landed $610,000 in the Seed capital Melbourne-based Pitch Venture Capital and European investors led the round. The fresh cash will expand the company’s operations to provide deeper and faster research services, increase automation, and broaden its offering to investors. NetworksX does deep-dive analysis of markets using industry… Read more »
New Zealand brand tracking startup Tracksuit has raised NZ$7.5 million (A$6.8m) in Seed round. The raise was led by Blackbird, which chipped in $3.6 million, supported by Kiwi VC Icehouse Ventures, Ascential, Shasta Ventures and veteran brand consultant Mark Ritson. Tracksuit helps companies measure and understand brand value via weekly global surveys to track consumer… Read more »
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