Funding Archives

SaaS startup Capsifi banks $11 million from government-backed investor the Australian Business Growth Fund

Simon Thomsen - April 21, 2022 2 MIN READ

Federal government-backed capital investor the Australian Business Growth Fund (ABGF) has tipped $11 million into Sydney enterprise software company, Capsifi. Founded in 2013, Capsifi is a business architecture platform for large and complex companies to plan and manage transformation initiatives from concept through to execution. ABGF provides growth capital to Australian small-medium enterprises (SME), filling… Read more »

Funding

VC Sprint Ventures backs media startup ausbiz amid Series A+ raise

Startup Daily - April 21, 2022 2 MIN READ

Business and finance streaming service ausbiz has taken on its first venture capital, with Brisbane’s Sprint Ventures backing the two-year-old startup. Sprint joins a recent round with the capital earmarked towards the development of a new video platform, creating smarter ways for ausbiz subscribers to connect with investment information, ideas and opportunities. Launched just as… Read more »

Funding

Fintech Reach Alternative Investments banks $2.2 million Seed round

Simon Thomsen - April 21, 2022 2 MIN READ

Sydney fintech Reach Alternative Investments has raised $2.2 million in an oversubscribed Seed round. The raise was led by VC Carthona Capital, with Reach’s post-money valuation hitting $11.2 million just eight months after it emerged from the Antler program. Reach CEO and co-founder Sam Phillips said more than $3 million was on the table, exceeding their… Read more »

Funding

Perth fitness startup Vitruvian raises $20 million in Series A

Simon Thomsen - April 21, 2022 2 MIN READ

At-home subscription gym platform Vitruvian has raised US$15 million (A$20m) in a Series A. The raise was led by Larsen Ventures and Steve Baxter’s syndicate group, Ten13. Vitruvian – not to be confused with the Sydney-based personal training service Vitruvian Health – will use the capital injection to increase its 40-strong team and ramp up… Read more »

Funding

Jason Calacanis backs Australian productivity startup Llama Life in $950,000 pre-Seed raise

Simon Thomsen - April 20, 2022 2 MIN READ

Melbourne tech startup Llama Life has raised $950,000 in a pre-Seed round to help people improve their focus and productivity. The round was led by Black Sheep Capital, with additional investment from US investor Jason Calacanis and his VC syndicate LAUNCH, for Llama Life to rapidly scale the product, and grow the team. The desktop… Read more »

Funding

AI-based edtech Canopy Study plants $1.1 million Seed round

Simon Thomsen - April 19, 2022 2 MIN READ

Sydney startup Canopy Study, which uses artificial intelligence (AI) to create adaptive and personalised ways to improve learning, has raised an $1.1 million in a Seed round. VC Folklore Ventures backed the edtech startup. The cash is earmarked for product development and to build out the team across Australia. Canopy Study uses AI and proprietary… Read more »

Funding

Birchal bags $3 million from its own crowdfunding campaign in just 63 minutes

Simon Thomsen - April 16, 2022 2 MIN READ

Market leading crowd-sourced funding (CSF) platform Birchal has raised $3 million for itself in the second fastest raise in local CSF history. It took just 63 minutes for the campaign to reach its maximum $3 million target after opening to investment following its expressions of interest phase. That’s the second fastest CSF campaign to reach… Read more »

Funding

Health tech startup Consultmed raises $1.2 million to transform patient referrals

Startup Daily - April 14, 2022 3 MIN READ

Health tech startup Consultmed, which set out to “axe the fax” for specialist referrals, has raised $1.2 million in its first venture capital round. Sydney early-stage VC Investible led the raise, supported by healthcare professionals who use the digital healthtech’s product. Consultmed will use the funds to expand its digital platform across hospitals and healthcare… Read more »

Funding

Proptech UrbanX raises millions for real estate agents to fly solo

Simon Thomsen - April 14, 2022 2 MIN READ

Queensland proptech startup UrbanX has raised a multi-million dollar war chest as it looks to ramp up its disruption of the traditional real estate sales model. The round – the exact figure was undisclosed – was led by 29North co-founders Ross Hayward, Ben Korst, and Brendan Larsen, supported by Archie Douglas, co-founder of PRD Nationwide.… Read more »

Funding

Kiwi digital wallet Dosh raises $5 million seed round

Simon Thomsen - April 13, 2022 2 MIN READ

Kiwi fintech Dosh, New Zealand’s first digital wallet, has raised $5 million in a seed round that’s believed to be a local record. It follows a $1 million pre-seed round in late 2021 for product build and NZ regulatory compliance. The latest cash is for further product innovation and development, as well as roll out… Read more »

Funding

Brisbane DeFi reputation startup raises $6.7 million seed round

Simon Thomsen - April 13, 2022 2 MIN READ

Brisbane startup Reputation DAO, which is looking to help decentralised finance (DeFi) platforms address reputation in order to reduce the collateral required for borrowing, has raised a US$4.75 million (A$6.72m) seed round. The startup was backed by Sydney VC AirTree Ventures, DACM, Koji Capital and Framework Ventures. Reputation DAO is building the fundamental infrastructure, powered… Read more »

Funding

Startup Daily TV: Crowdfunding platform Birchal is raising $3 million to take CSF to the next level

Startup Daily - April 12, 2022 2 MIN READ

The platform behind 75% of Australia’s equity crowd-sourced funding (CSF) activity, Birchal, is running an equity crowdfunding campaign on its own platform, a first for any CSF platform in Australia, so retail investors can buy shares in the company. Birchal also revealed one of its main backers is Dom Pym, cofounder of next-gen digital bank,… Read more »

Funding

Insight Partners backs ‘hype commerce’ startup EQL in $25 million raise

Simon Thomsen - April 12, 2022 2 MIN READ

Melbourne “hype commerce” startup EQL has raised A$25 million to help retailers manage the launch of high demand products. The round was led by New York software investor Insight Partners and local VC AirTree Ventures. Other backers include market leaders in digital commerce, platforms and fan engagement including Guillaume Pousaz’s Zinal Growth, Harry Stebbings’ investment… Read more »

Funding

Insurtech startup AuditCover books $1.7 million Seed round

Simon Thomsen - April 11, 2022 2 MIN READ

Tax office audit insurtech AuditCover has raised $1.7 million in a Seed round led by Hunter Equity Group. Other strategic investors included local angel investors Ron Lesh of BGL) and Guy Pearson of Ignition, as well as Nasda-listed global reinsurance business Greenlight Re. Founder and CEO Gil Snir has built AuditCover as an insurance distribution… Read more »

Funding

Kiwi legal tech LawVu tops up its Series A with an extra NZ$20 million

Simon Thomsen - April 11, 2022 < 1 MIN READ

New York private equity firm Insight Partners has once again backed New Zealand legal tech startup LawVu in a $NZ20 million (A$18.4 million) top up to last year’s Series A. Sydney VC AirTree Ventures also once again chipped in, having invested in last August’s A$16.2 million Series A, as well as a A$2.3 million pre-series… Read more »

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