Power retailer Amber Electric has raised $29 million in a Series C as it looks to take its battery and EV automation software offshore. ASX-listed billing and CRM provider Gentrack led the round with $12 million, building a strategic partnership with Amber to bundle its billing and customer care with Amber’s battery and EV automation… Read more »
Fleet Space Technologies has raised $50 million in a Series C round that values the South Australian satellite startup at more than $350 million. The round was led by existing backers Blackbird, with support from Atlassian cofounder Mike Cannon-Brookes’ Grok Ventures, Alumni Ventures and super fund Hostplus. New to the cap table are TelstraSuper, former… Read more »
Concerns over mail order weight loss brands Juniper and Pilot by Australian doctors haven’t dampened investor appetite its parent telehealth company, Eucalyptus, which has raised $50 million on a $520 million valuation. The round was backed by several existing Eucalyptus investors, including Blackbird Ventures, the Woolworths VC fund W23, and US investor Mary Meeker’s BOND… Read more »
Cutting-edge Australian tech scale-up Synchron, which hopes to give paralysed people the power to control computers with their minds, has raised $110 million in a Series C. Synchron is a clinical-stage endovascular (inside the blood vessel) brain-computer interface (BCI) company founded in 2016 by Dr Tom Oxley and Professor Nick Opie. It is based in Brooklyn, New… Read more »
Embedded finance platform Shaype has raised $33 million in a Series C round that has delivered a significant increase in the fintech’s valuation. Regal Funds Management led the round, which also included family offices. The cash will be used to accelerate growth, with particular focus on expanding the team to support Australian clients, as well… Read more »
Clinical trials access startup HealthMatch has raised $10 million in Series C. The round was led by the company’s original backer, Folklore Ventures. Paul Bassat’s Square Peg Capital led an $18 million Series B in the Sydney-based startup in December 2020, also invested in the Series C. Square Peg also led a $6 million series A… Read more »
Ecommerce retailer Pet Circle has raised $125 million in a Series C. The round was led by US investment firm Prysm Capital and Sydney-based TDM Growth Partners, with existing backer AirTree Ventures joined by new investor Baillie Gifford from the UK While the international investment has been announced, it’s still subject to regulatory approvals. The… Read more »
A Sydney client engagement platform for professional services companies has raised $US50 million ($A69m) in a Series C round. The raise for Practice Ignition was led by US-based JMI Equity, making its first Australian investment. Existing investors Tiger Global and EVP also backed the raise along with several strategic angel investors and family office groups.… Read more »
New Zealand markets investment platform Sharesies has raised NZ$50 million (A$48m) in a series C that values the business at NZ$500 million (A$480m). The round was led by existing investor Amplo. The US VC firm contributed around half the raise to take a 7.5% slice of the company. New Zealand VC Icehouse Ventures also backed… Read more »
Sydney insurtech Cover Genius has capped a staggering month of capital raises for Australian startups, raising $100 million in a series C. The round was led by Singapore office of Japanese insurer Sompo Holdings, chipping in around $68 million, joined by Silicon Valley VC G Squared and existing investors. The funding will be used to… Read more »
Sydney payments fintech Till Payments has raised $110 million in a Series C. The round was backed by local and US investors, including Avenir Growth, Woodson Capital and Akuna Capital. Long-term backer Regal Funds Management once again supported the raise, along with several Till customers. The series C follows raises in 2019 and 2020, taking total funding to $145 million.… Read more »
The $61m series C included local VCs Blackbird & Main Sequence Gilmour Space plans to launch its first space mission from Australian soil in 2022 Its hybrid rocket offers an environmentally friendly, lower cost launch capability Gold Coast-based rocket design company Gilmour Space has landed a whopping $61 million (US$47m) series C round as… Read more »
Remote work in the era of Microsoft Teams and Zoom meetings has been a boom for business software companies and a Brisbane remote learning startup is riding the wave with the backing of some of the world’s biggest companies. GO1 has raised $61 million (US$40m) in Series C in around led by SEEK and US… Read more »
Tom Cowan and Bruce Buchanan Rokt, the seven-year-old e-commerce marketing startup has raised US$48 million (AU$70m) in series C, led by local investment firm TDM Growth Partners. The funds will used to accelerate R&D, as well as giving early investors the chance to realise some of their investment without co-founder and CEO Bruce Buchanan heading to… Read more »
Fintech startup Athena has closed a $70 million Series C round as it looks to push into mortgage origination. The country’s largest industry fund, AustralianSuper, joined the raise alongside long-term backers Square Peg Capital, AirTree Ventures and Hostplus, as well as Salesforce Ventures and NAB Ventures. Square Peg’s Paul Bassat joined the Athena board… Read more »
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