Funding

Plastics replacement startup ULUU lands $8m Seed round, with Tame Impala’s Kevin Parker, chef Neil Perry & model Karlie Kloss as investors

- November 16, 2022 3 MIN READ

Seaweed-based plastics replacement startup ULUU has raised $8 million in a Seed round that’s attracted and all-star cast of investors from music, restaurants and modelling. The round was led by existing backer, Main Sequence Ventures, supported by Alberts Impact Ventures, Mistletoe and Possible Ventures. The Western Australian venture, is creating compostable polymers known as PHAs… Read more »

Funding

Logistics startup raises $60 million in Series B

- November 15, 2022 < 1 MIN READ

Sydney-based logistics startup Ofload has raised $60 million in Series B round of equity and debt. The raise comes 11 months after the company’s $20 million Series A. The round was led by Singapore VC, Jungle Ventures, alongside existing investors Maersk Growth, the venture arm of transport and supply chain giant AP Moller – Maersk, as… Read more »

Funding

Vascular imaging medtech raises $8.5 million

- November 14, 2022 2 MIN READ

Sydney medtech startup Vexev has raised $8.5 million to ramp up the global expansion of its 3D medical imaging device. The round was led by San Francisco based deep-tech VC Neotribe Ventures with Blackbird chipping in, alongside, vascular surgeons and imaging firms, Propeller founder Rory San Miguel and Dovetail’s Benjamin Humphrey The new capital is… Read more »

Funding

Product management software solution raises $2.3 million Seed round

- November 11, 2022 2 MIN READ

A software platform to help product managers align goals across the board has raised $2.3 million in Seed funding. The round for Sauce was led by Blackbird, and supported by Airtree Ventures , alongside product leaders in several local tech companies including SafetyCulture, Eucalyptus, Respondent, Minnow, EarlyWork, Archangel and UltraViolet Ventures. Sauce was cofounded by… Read more »

Funding

Former Hey You founder raises another $6.2 million for hospitality ordering startup

- November 9, 2022 < 1 MIN READ

Hospitality sector online ordering platform Ordermentum has revealed that it raised $6.2 million in capital in July. Backers in the company’s latest raise include NIB Holdings chair and existing backer David Gordon, plus EVP partner Damon Pezaro. Existing investors include SEEK co-founder Matt Rockman, Pocketbook founder Bosco Tan and Pure Asset Management Ordermentum was cofounded… Read more »

Funding

Investible plants $500,000 in pre-Series A for Queensland agtech startup DataFarming

- November 7, 2022 2 MIN READ

Queensland agtech startup DataFarming has raised $500,000 in a pre-Series A round led by Sydney VC Investible. Cofounded in 2017 by serial entrepreneurs Tim and Peta Neale, DataFarming help unlock the value of farm data for agronomists and farmers. The business services more than 120,000 paddocks across 28,000 farming enterprises – 40% market penetration in… Read more »

Darwinium founder Alisdair Faulkner
Funding

Blackbird and AirTree back anti-fraud startup from the team behind ThreatMetrix in $15.6 million Seed round

- November 7, 2022 2 MIN READ

Online fraud prevention startup Darwinium has raised US$10 million (A$15.6m) in a Seed round led by local VCs Blackbird and Airtree. The US-based customer protection platform was founded by Bondi entrepreneur Alisdair Faulkner, cofounder of cybersecurity startup ThreatMetrix, which sold in 2018 for more than A$1.2 billion (US$817m). Joining him at Darwinium is former ThreatMetrix… Read more »

Funding

Adtech platform raises $4.7 million Seed round to help retailers make a buck

- November 7, 2022 2 MIN READ

Advertising platform Zitcha has raised $4.7 million in Seed funding in a round led by local VC OIF Ventures. The software platform lets retailers sell advertising space to suppliers to market directly to their customers. It automates marketing purchases by retail brands on retailer channels such as email, apps, digital in-store screens, websites and social… Read more »

Jeremy Bryant
Funding

AI-based ‘Siri for farmers’ digital assistant Aimer raises NZ$1 million

- November 2, 2022 2 MIN READ

An artificial intelligence (AI)-enabled digital assistant called Aimer has raised NZ$1 million to help dairy farmers with pasture management Kiwi startup Aimer Development was backed by food and agritech accelerator Sprout in the fifth of 30 $1 million investments the VC plans to make. Aimer founder and Chief Technical Officer Jeremy Bryant has spent more than… Read more »

Paul Riley
Funding

Woolworths backs plastic-eating recycling startup in $54 million Series A raise

- November 2, 2022 2 MIN READ

Recycling startup Samsara Eco has raised $54 million in a Series A round as it looks to reduce plastic pollution. Existing backers, including CSIRO’s deep tech fund Main Sequence, Woolworths Group’s W23 and Clean Energy Finance Corporation (CEFC) Innovation Fund were joined. by new investors Breakthrough Victoria, Singapore’s Temasek, Assembly Climate Capital, DCVC and INP Capital… Read more »

Funding

ReciMe, the shared recipes app you need for the perfect meal, just chowed down on $500,000 in pre-Seed funding

- October 27, 2022 3 MIN READ

ReciMe, a social sharing cooking app, has raised $500,000 in pre-Seed funding to help its users share and discover recipes from around the world. The Alice Anderson Fund, LaunchVic’s female-focused co-investment fund, and Tractor Ventures cofounder Jodie Imam are among ReciMe’s backers, along with NZ VC Even Capital. ReciMe began life as a lockdown project… Read more »