Future of work startup Remote Social has raised a $1 million seed round. The raise was led by Black Nova VC, supported by neuroscience consultancy NeuroPower, Antler Australia – the startup emerged out of Antler Australia, and several strategic angels. Remote Social’s angel investors include Atlassian VP of engineering Zak Islam, Archangel Ventures partner Quentin Wallace,… Read more »
Video analytics platform Unleash live has raised $8 million in a series A round led by tech unicorn SafetyCulture. The five-year-old tech startup’s ‘Intelligent Remote Vision’ enables companies to improve productivity and safety, as well as reducing costs by using real-time video analytics to transform visual inspections. Roger Allen’s Patagorang Investment Group was among the… Read more »
Welcome to Giant Leap’s Small Steps, a newsletter offering global insights and news on the impact startups landscape. We’ll be sharing an edited version with Startup Daily readers every fortnight. Giant Leap is Australia’s first impact venture fund, and they use this newsletter to surface the ideas and businesses that intrigue and inspire them and… Read more »
Australian insurtech Open has raised a $31 million series B as it looks to launch in New Zealand and the UK in the 12 months. The round was led by Kiwi VC Movac and Latitude in the UK. Existing investor AirTree Ventures backed the scale-up once again, taking the total capital raised to $53 million.… Read more »
Impact VC fund, Giant Leap has raised more than $15 million in less than four weeks for a second fund, Giant Leap II. Many of the backers in the original fund, launched in 2016, have invested in the new fund. New supporters include QBE Australia and Pexa chair Mark Joiner and Bookish co-founder Peter Haasz.… Read more »
Venture capital investor OneVentures is sharpening its focus on ESG (environmental, social, governance) principles in the startups it invests in to drive change in the sector. Managing director Dr Michelle Deaker, said it’s time for Australian VC firms to align their investment strategies to responsible investment practices and recognise that where they put their moment… Read more »
A molecular medicine startup hoping to save lives through a wearable sensor its creators say is like a “lab-on-the-skin” has raised $5.7 million. Melbourne healthtech venture Nutromics was co-founded Hitesh Mehta and Peter Vranes in 2018 after developing their idea in the MedTech Actuator program. They’ve built what they call a Continuous Molecular Monitoring (CMM)… Read more »
A Western Australian startup dubbed “the Tesla of e-bikes” has raised more than $550,000 in the first 24 hours of its crowd-sourced funding (CSF) campaign Perth-based Tiller Rides has smashed the average investment size on the CSF platform Birchal, at $7,639 per investor, around $6000 more than most raises. It also marks the 100th successful… Read more »
Medical technology startup Seer has raised $34 million in a series A as it looks to expand internationally. Medtech giant Cochlear, multi-family office EWM Group, SG Hiscock and impact investor Giant Leap backed the round. Seer’s technology is focused on clinical monitoring at home, developing devices checking key physiological signals, such as brain, heart and… 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 »
A medtech startup that helps aspiring doctors practice their clinical reasoning skills with AI-powered virtual patients has raised a $5 million seed round. The investment in Oscer was led by Blackbird, joined by January Capital, Inventures, Archangel Ventures and angel investors Brendan Hill, and Jeff Bargman and values the business at $20 million. The University… Read more »
Jelix Ventures has raised a new $15 million for a new fund to back early stage startups and the Sydney VC ramps up its investment plans. The fund has already made its first investments, including software development startup FL0, quantum computing venture Quantum Brilliance and agtech Bitwise Ag, with several more deals already in the… Read more »
Carbonix, the Sydney startup that pivoted from high-speed sailing to drones, has raised $6.3 million in a late seed round ahead of US ambitions. The round was led by ASX-listed defence aerospace manufacturer Quickstep (ASX: QHL), and comes as the venture lands a major deal with electricity supplier Ausgrid to use Carbonix drones to monitor… Read more »
Work skills retraining startup EntryLevel is gearing up for a seed raise after pre-seed funding from Blackbird Ventures saw the virtual trainer reskill more than 30,000 people in just six months. Blackbird tipped $350,000 into the cohort-based edutech startup, which has an ambition to help one billion jobseekers around the world launch their careers through… Read more »
Melbourne hearing startup Hearables3D has raised $1 million ahead of plans to expand into the European and US markets. The investment was led by Significant Early Venture Capital and Starfish Ventures. The hearing loss startup, spun out of Swinburne University, also recently landed a $200,000 grant from the Australian Government’s Accelerating Commercialisation program. Hearables3D set… Read more »
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