Byron Bay-based real-time merchant payments fintech Zepto (formerly Split Payments) has raised $25 million in a Series A. The round was led by Sydney VCs AirTree Ventures and Decade Partners. The cash is tagged for domestic growth as well as international expansion, strategic hires and developing new functionality for Zepto’s on top of the New… Read more »
The NSW government has opened applications for three new grant initiatives offering up to $95 million research, development and commercialisation of clean technologies. NSW treasurer and energy minister Matt Kean said the grants will help drive innovations developed by scientists and startups as part of the push towards net zero by 2050. “Boosting emerging innovations… Read more »
Superannuation fund UniSuper will invest $75 million into pioneering early-stage venture capital fund Uniseed in its first move into VC. Uniseed is the country’s oldest commercialisation fund, established in 2000. It is jointly owned by Universities of Melbourne, Queensland, Sydney, New South Wales and the CSIRO, and backs research and tech ventures developed by those… Read more »
Sydney startup Cascade has raised $40 million in a Series A on a promise to get strategy out of boardrooms. The round was led by former Sequoia investor Mickey Arabelovic’s Telescope Partners, alongside Five V and local VC Carthona Capital. The cash is earmarked for product evolution as well as expansion in North America and… Read more »
New Zealand audio capture startup Dotterel Technologies has raised NZ$3 million (A$2.8m) for its microphone tech, which captures clear sound over long distances. The round was led by Kiwi VC Icehouse Ventures, with support from RocketLab founder Peter Beck, Sir Stephen Tindall’s K1W1, US-backed NZVC, and private investors including Dotterel chair, Sean Simpson, founder of… Read more »
LA-based expat Australian chef Curtis Stone has signed on with the “Airbnb of dinner parties”, catering startup Gathar, as the Queensland startup expands into the US market. Gathar’s US expansion follows a $1 million in post-seed funding led by angel investment group ACAC Innovation, along with Up Bank co-founder, Dominic Pym among the new investors… Read more »
Expense management platform Cape has raised a staggering $33.1 million in a pre-Seed round. The raise is split between $3.1 million in VC equity and a $30 million debt facility Aura Ventures. The raise values the Sydney startup at $18 million. The equity cap table includes Investible, Scalare Partners, Mercury Capital and 15 business angels,… Read more »
Upstreet, a fintech that rewards shoppers with fractional shares in the ASX, NYSE and NASDAQ listed companies, has raised $3 million in Seed-plus funding. The round was led by Wattle Hill Capital supported by new backers Kelly+Partners Investment Office, McKinsey & Co. Partners and private investors including MadPaws CEO Justus Hammer, Wattle Hill Capital founder… Read more »
Driva, the two-year-old fintech that helps car buyers finance and insure their vehicle, has banked another $6 million as it looks to become a household name. The round was led by Carthona Capital and other follow-on investors, including Peter Gammell chaired Invictus, and angel investors such as CredibleStephen Dash, who made his fortune from creating… Read more »
Decentralised finance startup Minke has raised $650,000 in a pre-seed round to enter the fast-growing DeFi space. The startup is currently part of the Startmate summer cohort and was backed by angel investors Rayn Ong and Quentin Wallace, and ex-Outware Mobile founders Eytan Lenko and Danny Gorog. Co-founders Josh Reyes and Marcos Teixeira met as… Read more »
Tasmanian startup Varicon has raised $2.25 million in a Seed round for its construction cost management software. The round was led by Sydney VC Black Nova, supported by Andrew Sypkes, Galileo Ventures and Artesian, as well as strategic industry players Slattery Construction chair Josh Slattery, Tidal Ventures co-founder Murray Bleach, Aconex co-founder Leigh Jasper, and… Read more »
Health insurance fund Medibank Private has taken a minority stake in telehealth app Medinet with a $10 million investment. The app offers 24/7 telehealth consultations with a GP as well as door-to-door prescription delivery. The funds will be used to scale and develop the platform’s technology. Founded in 2019 by a group health care professionals,… Read more »
Melbourne-based social media venture Linktree has $152 million (US$110m) in a raise the company describes as a Series B extension. This third round of fresh capital comes 12 months after its initial $59 million Series B. The business is claiming a $1.8 billion valuation on the back of its latest cash injection. Linktree has been… Read more »
Sydney tech startup Kinde has raised $10.6 million (US$7.55m) in seed funding. The round was led by Blackbird Ventures, supported by Californian VC Felicis Ventures, which previously backed local tech companies Canva, Culture Amp and Dovetail. The startup hopes to “democratise” software engineering by providing the infrastructure SaaS ventures need to get started. Kinde was… Read more »
Melbourne-based epilepsy monitoring startup Epi-Minder has raised $16 million bridge financing round. The raise was backed by existing shareholders including Cochlear, the Bionics Institute, the University of Melbourne and Seer Medical, as well as private investors. The venture plans to use the cash to expand clinical trials for epilepsy monitoring device, Minder, as well as… Read more »
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