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 »
A Cloud Guru co-founder and CEO Sam Kroonenburg is pouring some of the proceeds from his London-based startup’s $2 billion exit last year into local tech companies after signing on as venture partner with SecondQuarter Ventures. Kroonenburg, who founded his online learning business with his brother Ryan in 2015, landed one of 2021’s biggest M&A… Read more »
Age Up Health has secured investment from the Alice Anderson Fund, LaunchVic’s $10 million VC fund for female entrepreneurs. The fund offers up to $300,000 in matched capital to early-stage startups. Age Up, which launched in March 2020, provides home care packages to help elderly people stay in their homes, taking the sector into the… Read more »
Enterprise software startup Clear Dynamics has raised $35 million (USD$25 million) in Series B funding. The round was co-led by Colinton Capital Partners and OIF Ventures, alongside new investment from family offices and private investors. The Melbourne venture, which has seen its customer base grow four-fold in the US and Australia over the last year… Read more »
Sydney-based voice communication platform, Curious Thing has raised $7 million in pre-series A funding. The round led by private investment firm Hawkstone, supported by Blacksheep Capital and January Capital, with existing investors, Westpac’s VC fund Reinventure, and Qualgro, returning after backing a $1.5 million round in 2019. The cash injection will be used to help the… Read more »
US venture capital giant has once again backed online used car platform, Carma in a US$52 million (A$75m) Series A round. General Catalyst Partners led the round. MD Adam Valkin will join the Carma board. The US VC’s other local investments include Canva, BigCommerce and Buildkite Other international venture investors joining the round include Entrée Capital… Read more »
Ask any successful startup founder and they’ll tell you it didn’t happen overnight. It took countless hours, days, months, maybe even years to nail the idea, stick the landing, and hit crucial money milestones that make or break a business. Startup Daily and SAP® Concur® are bringing you a panel with some of Australia’s most successful tech… Read more »
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