Intern placement company InternMatch has raised $10 million in a Series A as it looks to ramp up the global side of the business. The round, led by Canberra, property developer Doma Group, with the company’s advisory firm, Henslow, also chipping in alongside existing investors. The cash will support InternMatch’s expansion into Canada, the United… Read more »
Teaching language through music, AI discovering flaws in security systems and improving decision-making during natural disasters are just some of the challenges Canberra startups are tackling with backing from the Canberra Innovation Network and its Innovation Connect (ICON) grant program. Seven startups have been selected by Canberra Innovation Network (CBRIN) as recipients of ICON grants,… Read more »
Gold Coast startup Cloutly has raised a $500,000 in pre-Seed funding for its reputation tech solution for the small-to-medium business (SMB) market. The round was led by Unify Ventures, with participation from Palm Beach Ventures (PBV), amid a cast of new investors and advisors that includes Mike van der Heijden (Portal Ventures), Jason Atkins (Cake… Read more »
New Zealand startup FileInvite has raised $10 million in Series A to accelerate an end to the use of email for requesting and collecting documents online. The round was led by Icehouse Ventures, with US VC Forefront Venture Partners and Singapore’s Vulpes Ventures chipping in as new investors, alongside existing shareholders, including Flying Kiwi Angels.… Read more »
Rubber Monkey, the New Zealand e-commerce platform for creatives, is on the hunt up to NZ$2.5 million new capital to expand its Australian presence. Founded by Laurence Alexander and Nigel Stanford, a former TradeMe CEO and Mighty Ape major shareholder, Rubber Monkey is a one-stop-shop for specialist audio, visual and photography products, with more than… Read more »
Insurtech startup Upcover has raised $2.7 million in a Seed funding alongside $2 million in debt as it looks to transform the small business insurance sector. The round was backed by venture funds Antler Australia – Upcover was part of its inaugural accelerator program in 2019 – and Betterlabs, as well as a range of … Read more »
Sydney-based Floatspace, the ‘Airbnb for boat experiences’, has signed on Amaysin co-founder Rolf Hansen as an investor as the startup looks to raise $3 million in a Series A round. Hansen backed that boat and yacht rental marketplace’s pre-series A SAFE note, joining the Floatspace board. He joins Airtasker founder and CEO Tim Fung as… Read more »
A temporary staffing marketplace that’s like Airtasker for casual jobs has raised $20 million from SEEK Investments. Nine-year-old Sidekicker, which operates in Australia and New Zealand, has more than 12,000 casual workers on its platform, which is used by more than 5,000 businesses. The funding will be used to accelerate further expansion across ANZ, and… Read more »
Brisbane startup Infensa Bioscience has raised $23 million to develop a potentially life-saving treatment using deadly spider venom to prevent the damage caused by heart attacks and stroke. The biotech venture, spun out of University of Queensland, uses a molecule in the venom of the K’gari (Fraser Island) funnel-web spider, as the possible drug solution,… Read more »
No matter how great your startup idea is, if you can’t fund it, you can’t build it. With that in mind, we asked three startup founders for their most game-changing revenue raising moves. Whether you’re bootstrapping or capital raising, you need to hit certain money milestones to successfully grow your startup and scale it into… Read more »
With fans heading back to sports arenas to watch live concerts and games, tech startup Snackr has raised $915,000 in Seed funding for its in-seat ordering system. The round was led by RAC-backed venture fund BetterLabs, joined by Woodside Energy Technologies, Eastcourt Capital and Spacecubed Ventures. Snackr CEO Matt Lim said the mobile ordering startup’s… Read more »
Computer vision software startup Black.ai has raised $5.4 million in a Seed+ round. It was led by Jelix Ventures, with support from Right Click Capital and several angel investors. The six-year-old business has now raised $8.55 million and will use the funds to double its local headcount, expands its industry reach, and build out its… Read more »
Digital news channel The Daily Aus, which has pioneered a social media-first approach to current affairs for younger Australians, has raised $1.2 million in Seed funding. The round was led by media former Nine CEO David Gyngell, supported by Canva executives Zach Kitschke and Rob Kawalsky, as well as festival the Untitled Group. The backing from… Read more »
Andreessen Horowitz’s legendary US VC fund a16z, has led a US$6.75 million (A$9.76m) Seed raise into Australian women-led game studio Lumi Interactive. The oversubscribed round was also backed by 1Up Ventures, Galileo Ventures, Heracles and Double Loop Games founder Emily Greer. Lumi sees its mission as making the world a kinder place, and plans to… Read more »
Aspiring green hydrogen producer LINE Hydrogen has raised $1.38 million from crowdfunding as it looks to play its part in Australia’s renewable energy mix. The Tasmanian startup, alongside the Bell Bay Solar Farm, is hoping to become one of Australia’s first 100% renewable commercial-scale hydrogen producers and distributors, with production beginning in early 2023. LINE’s… Read more »
Atlassian cofounder Scott Farquhar steps down as co-CEO 
The lessons from Uber, Ola and rideshare’s disruption is that in the end, the consumer still pays 
Kiwi tech skills startup NextWork pockets $2.3 million pre-Seed raise 
Logistics software startup Veyor Digital shifts $2.75 million pre-Series A for US plans 
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