Edtech startup Academy Xi has raised an additional $4.4 million to top up a $9.6 million round for a total raise of $14 million. New investors included philanthropist Robert McLean, Cuscal chair Bill Conn and funds manager Milford Asset Management. Previous backers Alium Capital Management, Giant Leap Fund, Pangaea Impact Investments and Perle Ventures backed… Read more »
Legal tech startup Lawpath has raised $7.5 million in a fresh round to ramp up its local and international expansion. The business previously raised $4.4 million in 2019 for its push into Asia, on top of $1.8 million in 2018 in an equity deal with US online law pioneer LegalZoom, and $1.3 million in 2015.… Read more »
Canadian capital investor Clearco has launched in Australia with a promise of $100 million on the table to back digital-first ecommerce businesses. Co-founded by Canadian tech entrepreneur and Dragon’s Den (aka Shark Tank) star Michele Romanow, Clearco has already invested in niche B2C brands Beard Market, Vegan Grocery Store and Jolyn swimwear, and offers between $10,000… Read more »
More than $1.5 billion poured into startups from VCs and investors last month in the biggest month of capital raising Australia has seen, but that wasn’t the only record broken, with equity crowd- sourced funding (CSF) also booming. New figures from CSF market leader Birchal reveal the September quarter was the industry’s biggest yet, up… Read more »
Construction contracting tech startup ProcurePro has raised $2.6 million in a seed round. The funding round included several local construction industry executives, including Geoff Tarrant, co-founder of construction progressive payments fintech Payapps, as well as several Australian and US-based investors. It will be used to accelerate Australian and international growth plans. Founder and CEO Alastair… Read more »
Psylo, a preclinical biotech firm, has raised $1.1 million as part of an ambitious plan to treat mental illness with naturally occurring psychedelic drugs. The Sydney-based startup, part of Startmate‘s current W21 cohort, has been backed in a round led led by Chris Hitchen’s global micro-VC fund Possible Ventures. The venture’s prominent angel investors also include Airtree’s… Read more »
Sydney insurtech Cover Genius has capped a staggering month of capital raises for Australian startups, raising $100 million in a series C. The round was led by Singapore office of Japanese insurer Sompo Holdings, chipping in around $68 million, joined by Silicon Valley VC G Squared and existing investors. The funding will be used to… Read more »
Attention measurement advertising platform Amplified Intelligence has raised $3 million in a post-seed funding round. The raise was led by Steve Baxter’s investment syndicate venture capital fund TEN13. Amplified Intelligence will use to accelerate company’s product roadmap and expand global commercial team, including its first hires in the US and UK. It’s the startup’s first… Read more »
Sustainability-focused tech startup Greener has raised $1 million in a seed round. The funds raised will be used to accelerate the development of the Greener app, secure further commercial partnerships, and prepare the world-first solution for a national launch next year. The Greener app makes it easier for consumers to identify brands with a focus… Read more »
Sydney payments fintech Till Payments has raised $110 million in a Series C. The round was backed by local and US investors, including Avenir Growth, Woodson Capital and Akuna Capital. Long-term backer Regal Funds Management once again supported the raise, along with several Till customers. The series C follows raises in 2019 and 2020, taking total funding to $145 million.… Read more »
Sydney seed investment firm Investible is on the hunt for $100 million to launch a climate tech venture capital fund. The fund will invest in early-stage climate-focussed technology businesses, with 50% capacity to participate in follow-on rounds. It will predominantly focus on Australian businesses, but has up to 30% earmarked for international ventures. Investible CEO… Read more »
Touch Ventures Ltd became a rare Australian company today – an ASX-listed venture capital firm – and investors keen to back high-growth companies embraced to chance to grab a slice of the action. Touch (ASX: TVL) raised $100 million for its IPO at 40 cents a share. The company, previously known as AP Ventures, is… Read more »
Sydney venture capital fund Black Nova has emerged from the shadows to launch officially this week with $10 million in its kitty and 23 companies already in its portfolio. The VC was co-founded by Matt Browne and Darcy Naunton following their successful exit from workplace health, and safety software platform Donesafe in 2020. Black Nova‘s fund… Read more »
A New Zealand workplace feedback startup has raised Nz$15 million (A$14.2m) as it looks to expand internationally. Joyous was founded in 2017 by brothers Mike and Phillip Carden. The raise was led by Square Peg, with existing investors AirTree Ventures and Icehouse Ventures returning for their third round. The investment will also be used to… Read more »
A Western Australian cleantech startup making a plastics replacement from seaweed has raises $1.3 million seed round. ULUU has been backed by the CSIRO’s VC fund Main Sequence, as well as Sydney impact investment fund Alberts Impact Ventures and syndicated private investment and family office firm The Eights to further develop its plastic replacement of… Read more »
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