No-code app development startup Cogniss has banked $1.1 million from crowdfunding. The campaign raised $1,121,893 from 302 individual investors. Founder and CEO Leon Young has bootstrapped Cogniss for the past five years and says the funds will be used to growth the business both here and internationally. He also has eyes on a private investment… Read more »
Automation technology startup Elenium Automation has banked another A$10 million as it looks to expand its biometric venue access solutions. The round was led by Alex Waislitz’s Thorney Investment Group as a new investor, supported by existing backers NRMA and Acorn Capital. The Melbourne-based startup previously banked $30 million 15 months ago from NRMA and… Read more »
Artificial intelligence (AI) healthcare startup Harrison.ai has raised US$97 million (A$129 million) in a series B to ramp up its global joint venture ambitions in medical diagnostics. Existing backer Horizons Ventures, the VC firm of Hong Kong billionaire Li Ka-shing, led the round. It was supported byBlackbird Ventures and Skip Capital, with new investors Sonic… Read more »
Sydney quantum startup Q–CTRL has raised US$25 million (A$35m) with Silicon Valley VC Airbus Ventures leading the round. Q-CTRL previously raised $22 million in 2019 in a Series A round led by Square Peg Capital. The early-stage VC arm of Airbus was drawn to the work of founder and CEO Professor Michael J. Biercuk after… Read more »
Singapore-based tiny house startup Big Tiny, has raised US$3 million (A$4.2) in pre-Series A funding as it looks to expand in the Australian market Big Tiny designs and manufactures small guest accommodation in Singapore. It has bases in Sydney and Melbourne where it assembles the houses and deploys them in partnership with host landowners. The venture… Read more »
New Zealand digital metal casting startup Foundry Lab has raises US$8 million (A$11.2m) in a Series A. The round was led by Blackbird, supported by Kiwi VCs GD1, Icehouse and K1W1 as new investors, as well as Rocket Lab founder Peter Beck, Motional CEO Karl Iagnemma and former Autodesk CEO Carl Bass plus existing backers the Founders… Read more »
Hospitality-focused ordering and payments platform Mr Yum has raised an A$89 million in Series A led by leading US VC Tiger Global. The deal is the country’s third-largest Series A and sets a new benchmark for a female-founded company in Australia. It follows an $11 million post-Seed round just six months ago, taking the total… Read more »
A Sydney ecommerce startup that uses machine learning and AI to help online retailers suggest sell to customers has raised $10 million Series A. Particular Audience combines real-time shopping data sets to predict demand and allow retailers to personalise selling suggestions to their online customers, creating an online version of the bricks and mortar impulse… Read more »
Fintech entrepreneur Colin Porter is looking to tackle the growing problem of invoice payment fraud with a new B2B SaaS platform PayOK. Porter, founder credit information bureau CreditorWatch and more recently Avenue Bank, which received its Restricted ADI bank licence, last month, has raised $3 million in a Series A for PayOk at a $10… Read more »
Sydney-based asynchronous video messaging scale-up Vloggi, has opened its $3 million seed capital raise to international investors to align with its rapidly growing global customer base. Founder and CEO, Justin Wastnage said the A$3 million raise is in two tranches. The first A$1 million is targeting angel investors with a larger discount and lower valuation… Read more »
Non-alcoholic beer brand Heaps Normal has raised $8.5 million in a Series A. The company’s CEO Andy Miller, led the round supported by Athletic VC’s Matt de Boer, Adore Beauty founder Kate Morris, Who Gives A Crap founder Simon Griffiths, and Tripple’s Bec Milgrom. Miller said the raise took just a week and he’s now focused… Read more »
Nominations for the 2021 Australian Impact Investment Awards are open but you only have until next Wednesday, December 1, to enter. The awards are an opportunity for organisations and individuals to be recognised for their expertise, commitment and outstanding activity in the Australia’s impact investing ecosystem. Entries are in the following categories: Impact Asset… Read more »
Welcome to Giant Leap’s Small Steps, a newsletter offering global insights and news on the impact startups landscape. We’ll be sharing an edited version with Startup Daily readers every fortnight. Giant Leap is Australia’s first impact venture fund, and they use this newsletter to surface the ideas and businesses that intrigue and inspire them and… Read more »
Online shopping experience platform preezie has raised $5.5 million in a Series A. The round was led by ASX-listed, Afterpay-backed Touch Ventures and Steve Baxter’s investment syndicate, TEN13. Preezie will allocate the cash to team and product growth as well as international expansion. The company previously raised $575,000 in a seed round 18 months ago.… Read more »
Melbourne-based accomodation booking platform Riparide has raised $4 million as it looks to expand offshore. The round was backed by investment groups Macdoch Ventures and Upswell Ventures. The site sets its set itself apart from numerous other booking platforms such as Stayz and Airbnb by offering “soul-fulfilling escapes”, recounted through travel stories on the site.… Read more »
Daily startup news and insights, delivered to your inbox.
