Raising capital is a massive challenge for any startup. It’s not just the who, what and where – it’s the how. There are generally two types of capital available to a startup or scaleup: debt and equity. Debt capital is the kind you’re used to: you borrow money from a lender and pay it back… Read more »
Sydney scaleup SafetyCulture’s ongoing strategic investment and acquisitions plan has seen today announced a AU$3M investment into Australian data and IoT software company, Inauro. Inauro was launched in 2020 by co-founders Craig Kesby and Angus Kennard to realise the value of internet of things technology across industrial applications and improve everyday operations. IoT devices produce a vast… Read more »
Melbourne oral hygiene startup Pearlii has raised $1.5 million in a fresh round to bring free dental check-ups to regional Australians. The round came from BRC Capital and follows a previous $1.25 million investment from Indigenous Capital Limited and Justin Liberman in November 2020. Pearlii’s app uses artificial intelligence to scans selfie photos of a… Read more »
Healthcare superannuation fund HESTA has revealed that it chipped in $4.4 million to a $35 million Series B for Sydney biotech startup Inventia Life Science. The deal marks the first direct investment made by a super fund into an early-stage startup. The industry has previously tipped their cash into venture capital funds, with the VCs… Read more »
MenuAid, a food tech startup helping answer the “What’s for dinner?” question, has raised NZ$1 million in Seed funding New Zealand specialist agritech and foodtech seed-stage investor Sprout led the round after the startup completed its accelerator program earlier this year. MenuAid is a subscription-based meal planning and food delivery platform that offers personalised recipes… Read more »
Sydney startup Vouch has raised $8 million in a Seed round for its business video testimonial platform. The round was led by US-based VC Stage 2 Capital and Sydnery’s OIF Ventures, with several angel investors also chipping in, including Twitter global product lead Oji Udezue and Archangel Ventures Partner Rayn Ong. The funds will be used… Read more »
Payments and real estate property management platform Managed App has raised $5.3 million. The round was led by REA Group and Momentum Markets. The funds will be used to grow the sales, marketing and development teams, as the five-year-old startup looks to double its user base over the next year. Founded in 2017 by Nick… Read more »
Product and pricing management SaaS startup ProductEngine has raised $1.2 million in Seed capital. The round was led by venture capital firm Folklore, with support from accelerator program Startmate. The Brisbane startup will use the investment to double its team and expand into new markets, including the US and Europe. Founded in 2019 by Jarrad… Read more »
Your earlier pitch was all about potential, but now you’re in the late-stage finance arena, it’s time to focus on performance. As a founder of a late-stage startup, you’ll be used to making key decisions to grow your business. At this stage, it’s likely you’ve got your basic business structure bedded in – sales, marketing,… Read more »
US-based Australia agtech startup Regrow Ag has raised $50 million (US$38m) from leading American investors to help the farming sector meet net-zero targets. The round is led by Tom Steyer and Katie Hall’s Galvanize Climate Solutions. Existing investors including Cargill, Main Sequence Ventures, Ajax Strategies, Neglected Climate Opportunities (NCO), Microsoft’s M12 and others returned, joined… Read more »
Sydney content marketing engine Convo Ink has raised $1.5 million in Seed funding. The round led by3C Capital, a UK-based private investment house led by Australian investor Richard Gazal, and Sydney-based private investment firm M2 Capital, led by tech entrepreneur Matthew Hunt. The startup will use the funds to expand its content platform capabilities and… Read more »
Utilities digital twin tech startup Neara has raised US$14 million (A$20M) in a Series B. The round was led by Kim Jackson’s Skip Capital, with Series A backer Square Peg Capital opening the wallet again, plus OIF. It follows a A$7.25 million Series A in 2021, taking the total capital raised to A$27.25 million. The SaaS… Read more »
The Cost of Capital for founders is going up. Way up. It’s happening as you read this – there is less equity capital available for growth businesses, there will be even less shortly and then, there will be even less once the already-arranged-funding announcements dry up. As we head into a (likely) recession with valuation… Read more »
The NSW Government is calling for expressions of interest from universities, research organisations, industry, consortiums and NSW-based NCRIS (National Collaborative Research Infrastructure Strategy) facilities for open-access projects to be supported by a new $8 million Tech Central Research and Innovation Infrastructure Fund. Minister for Enterprise, Investment and Trade Stuart Ayres said the fund will help… Read more »
Sydney drone startup Aerologix, which describes itself as “Uber for drones”, has raised $4.2 million in Seed capital. The round led by Ellerston Capital and Lindsay Phillips’ Nightingale Partners, following on from an earlier pre-seed raise Aerologix will use the capital to invest in additional research and development, bolster its commercial team and to launch overseas. … Read more »
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