Funding Archives

VentureCrowd walks the talk, raising $3.9 million on its own crowdfunding platform in $10m Series A

Simon Thomsen - February 11, 2022 2 MIN READ

Equity crowdfunding platform VentureCrowd has raised $10 million in a Series A. As well as $6.6 million from existing investors, the company used its own platform to raise an additional $3.9 million from new investors. The funds are earmarked to further develop VentureCrowd’s technology platform, scale its retail product offering in venture capital, property, private credit… Read more »

Funding

Plant-based proteins startup Fenn Foods raises $3 million for global push

Simon Thomsen - February 11, 2022 < 1 MIN READ

Queensland plant-based food startup Fënn Foods has raised $3 million as it looks to expand into offshore markets. The oversubscribed raise was backed by existing and sophisticated investors, led by fund manager Bombora Investment Management. The Sunshine Coast-based business was founded by Michelin-star trained chef Alejandro Cancino, from the highly lauded Brisbane restaurant Urbane. Fënn… Read more »

Funding

Big banks back receipts fintech Slyp in $25 million Series A

Simon Thomsen - February 9, 2022 2 MIN READ

Australia’s biggest banks have once again backed digital receipts fintech Slyp in a $25 million Series A. Former PwC boss Luke Sayers joined the round as a new investor through the Sayers Group, along with Gabby and Hezi Leibovich. They join existing backers including Westpac’s Reinventure and NAB Ventures, which first invested in a $2… Read more »

Funding

ClimateTech startup FloodMapp raises record $8.4 million seed round

Simon Thomsen - February 9, 2022 2 MIN READ

ClimateTech startup FloodMapp has set a new record for an Australian seed round after raising US$6 million (A$8.4m). The round led by New York VC Union Square Ventures’ Climate Fund, with participation by Mundi Ventures, Climate X, and Jelix Venutures. FloodMapp will use the capital injection to scale the company and expand into new markets.… Read more »

Funding

Crowdfunding just had another cracking year for capital raises

Simon Thomsen - February 7, 2022 3 MIN READ

Investors poured more than $71 million into 89 companies via crowd-sourced funding (CSF) in 2021, new analysis of the sector reveals. Nearly a third of that figure ($21m, 30%) flowed in the final quarter of the year thanks to a series of record raises. In 2021, the number of CSF offers completed rose by 82%… Read more »

Funding

CBA-backed property fintech OwnHome moves in with $31 million Series A

Simon Thomsen - February 4, 2022 2 MIN READ

OwnHome, a fintech startup that wants to turn renters into property owners, has raised $31 million in a Series A. The round was led by VC firm Square Peg with existing backers including the Commonwealth Bank’s VC arm X15, GFC, Entrée Capital, AfterWork, and Possible Ventures doubling down on the startup. The cash injection is… Read more »

Funding

IoT startup Binary Tech, which started out tracking beer kegs, just raised a $1.8 million seed round

Simon Thomsen - February 4, 2022 2 MIN READ

Wollongong Internet of Things (IoT) startup Binary Tech has raised $1.8 million in a seed round as it looks roll out supply chain IoT devices. The round was led by Artesian Ventures, joined by Beachhead VC and angel investors including Dr. Craig Davis, Peter McKie and Nick McNaughton. McNaughton will join the company’s board. Founder… Read more »

Funding

Kiwi medtech Formus Labs raises US$5 million to transform orthopedic surgery

Simon Thomsen - February 4, 2022 2 MIN READ

A New Zealand medtech startup that’s developed the world’s first automated 3D planner for joint replacement surgeries has raised US$5 million. The round coincides with Formus Labs launching its orthopedic surgery planning solution which provides surgeons with unprecedented insight into the pre-operation planning process. The investment was led by New Zealand VC firm GD1 (Global… Read more »

Funding

Regtech startup CredShare raises $2.7 million

Simon Thomsen - February 4, 2022 2 MIN READ

Credentials management startup CredShare has raised $2.7 million as it looks to transform the compliance landscape for exchanging credentials. The round came from a series of high net worth investors as well as ASX-listed Touch Ventures and Ellerston Capital to give the venture a valuation of $14 million. It comes as the regtech startup prepares… Read more »

Funding

Kiwi agritech startup Protag raises $1m

Simon Thomsen - February 3, 2022 2 MIN READ

New Zealand agritech startup Protag has raised NZ$1 million for its smart ear tag sensors for the dairy industry. Investment firm Sprout led the round, with support from US-based Finistere Ventures, Kiwi dairy giant Fonterra, and Israeli venture builder OurCrowd, with support from NZ government agency Callaghan Innovation’s Technology Incubator Programme. The cash will fast… Read more »

Funding

Construction tech startup Buildxact nails $18.5 million Series A

Simon Thomsen - February 2, 2022 2 MIN READ

Australian tech startup Buildxact has raised $18.5 million in a series A as it launches in the UK. The SaaS (software-as-a-service) tech solution for residential builders is already in the US and Canadian markets and the funds will enable rapid growth in North America, alongside a launch in the UK this week. The raise values… Read more »

Funding

An early stage VC investor explains everything you need to know about pre-seed and seed rounds

James Alexander - February 2, 2022 8 MIN READ

We’ve now made 14 investments, and in almost all cases Galileo was the first VC investor in each startup’s pre-seed or seed round. We’ve backed some compelling early-stage companies and are on the hunt for more. If you’re raising your first round, you should apply now. A common pattern I’m hearing in some early-stage founders… Read more »

Funding

Kiwi accountancy startup Hnry raises $15 million

Simon Thomsen - February 2, 2022 2 MIN READ

New Zealand accounting startup Hnry has raised another $15 million in funding as it looks to ramp up its Australian presence. New York-based VC Left Lane Capital led the round, joined by Sydney VC EVP, with its third investment. New backers include MessageMedia founder Grant Rule. The Kiwi financial admin platform is designed for contractors,… Read more »

Funding

Blackbird, Zip’s Larry Diamond and Steve Baxter’s TEN13 back two teens with a fintech startup in a record $2.2 million seed round

Simon Thomsen - February 2, 2022 2 MIN READ

Two Brisbane teenagers tackling the ecommerce problem of abandoned carts for online sales have raised $2.2 million in the pre-seed funding for their fintech startup. Liam Millward, 18, and William Gao, 19, founded Instant in April 2021, to build the world’s simplest checkout experience. The record pre-seed raise, the country’s biggest, was led by Blackbird,… Read more »

Funding

Gold Coast logistics software startup CartonCloud raises $12 million for US expansion

Simon Thomsen - February 1, 2022 2 MIN READ

Gold Coast company logistics startup CartonCloud has raised $12 million as it looks across the Pacific to grow. MA Financial has backed the software-as-a-service (SaaS) company’s vision to expand into Canada and the United States. It’s the first time CartonCloud has taken on institutional capital, having previously raised $1 million in 2017 from High-Net-Worth individuals… Read more »

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