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 »
Medical cannabis venture Montu has raised $3.5 million in a crowdfunding campaign lasting less than two days. The Montu campaign went live on the Birchal platform last Tuesday and took just 13 minutes to raise $1 million. The volume of investors piling in once again caused delays on the platform, just a month after Zero… Read more »
Afterpay-backed Touch Ventures has made its first investment as an ASX-listed company, tipping $5 million into a $15 million top up round for Sydney fintech Till Payments. Touch (ASX: TVL) was joined by strategic European investors in the raise, comes less than two months after a $110 million Series C round. Till has now raised $160… Read more »
Health and aged care compliance startup Zipline.io has raised $6 million in a series A2 round. The raise was led by EVP with support from King River Capital. The software-as-a-service (SaaS) venture will use the cash to double its current headcount to 80, develop its customer base through Australia’s hospital network, and prepare for a… Read more »
Melbourne startup Bardee has raised $5 million in a seed round as it looks to convert food waste into insect protein and fertiliser. The round was led by Blackbird Ventures with support from angel investors including Who Gives A Crap founder Simon Griftiths and Culture Amp founder Didier Elzinga and his wife, Greta Bradman. The venture,… Read more »
Melbourne fintech Airwallex has tapped investors for another US$100 million (A$137m) just two months after raising US$200 million (A$275m). The capital-ravenous business has now raised US$400 million in just eight months, and as eager investors pile in, each round – the latest tagged “Series E1” following September’s Series E – has seen the company’s valuations… Read more »
Early-stage impact investment firm Giant Leap is looking to raise $50 million for its second fund. The Giant Leap II fund has already landed $35 million towards its target, with NRMA Insurance among the backers of the Victorian VC. Giant Leap Managing Partner Will Richardson said they were seeing interest from institutional investors for the… Read more »
Fast-growing non-alcoholic spirits brand Lyre’s, has raised $37 million in a round that values the business at A$500 million less than three years after it launched. The funding round was led by new investor, D Squared Capital, alongside existing investor, Morgan Creek Capital Management, which has also backedAlibaba, SpaceX, Lyft, and Allbirds). Other previous investors joining the fresh… Read more »
Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar have backed electric delivery bike startup Zoomo in an A$80 million series B. The round was led by Grok Ventures, Cannon-Brookes’ family VC, supported by Farquhar’s private VC, Skip Capital and ArcTern Ventures. Existing investors, AirTree Ventures, the Clean Energy Finance Corporation (CEFC), Contrarian Ventures and Maniv Mobility also participated in the round.… Read more »
Hospitality food wholesale marketplace, FoodByUs, has raised $10 million in a Series A raise. The round led by cornerstone investor Macquarie Capital, with support from Base Capital and New York marketplace investor F J Labs. Despite the pummeling the sector has endured from ongoing lockdowns over the last 18 months, FoodByUs has seen annual sales… Read more »
Financial advice startup Asendium has raised more than $1.1 million. The round was backed by a mix of institutional investors, including Holon Global Investments, plus several aligned and independent financial advisers, and private investors. The funds are earmarked for developing the fintech’s technical capability, product development, and integrations. Asendium is looking to transform the way… Read more »
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