White label comparison and technology platform CIMET has raised $26.6 million in fresh capital as part of a strategic partnership with ASX-listed iSelect Limited (ASX:ISU). The capital will be deployed to expand the startup’s product and technology offerings beyond just energy and broadband into new sectors such as banking and finance covering credit cards, loans, insurance… Read more »
Sydney NFT gaming startup Immutable has raised $280 million in a Series C that values the business at $3.5 billion. The round was led by Singapore’s sovereign fund Temasek, with support from Hong Kong-based gaming software firm Animoca Brands, as well as Chinese video gaming giant Tencent. New investors include ParaFi Capital, Princeville Capital, Arrington… Read more »
Recruitment automation startup PredictiveHire, which uses an AI bot to tell immediately if a candidate is right for a job using just five questions answered via phone text, has raised $7 million in a pre-Series A round. Sydney talent recruiting firm Hudson is one of the startup’s key backers, along with several individuals including Yarra Capital… Read more »
Residential building software platform canibuild has raised $8 million in a Series A. The round was led by EVP, with support from Regal Funds Management, with the funds earmarked towards growth in Australia, New Zealand and the US, and plans to expand into additional markets Founded in 2020 by Timothy and Stella Cocaro, Deepankur Malhotra… Read more »
Edtech startup FourthRev has raised $11.2 million in a Series A. The round was led by Paris-based edtech impact fund, Educapital, with support from existing backers Reach Capital, Emerge Education and Danner Capital, as well as well as several individuals. The raise comes after FourthRev bagged a $4.16 million seed round led by US education-focused VC… Read more »
Sydney edtech startup Language Confidence, which uses artificial intelligence to help people learn to speak English, has raised US$1.5 million (A$2.05m) in a seed round. The round was led by Southeast Asian VC Wavemaker Partners with support from Sydney early-stage VC Investible. The funds are earmarked for expand Language Confidence’s product range of AI-powered APIs… Read more »
Business payments fintech Zeller is claiming unicorn status less than a year after launching following a $100 million Series B capital raise. The Melbourne startup has again looked offshore for capital with US VC Headline leading the round supported by local industry super fund Hostplus. Founded by former Square exec Ben Pfisterer and Dominic Yap,… Read more »
Media intelligence startup Truescope has raised $6.2 million ahead of a push into the US market. The round was led by Sydney VCs Investible and Jelix Ventures, with additional support from private investors. The funds will be used to launch and support Truescope’s United States market entry and accelerate engineering and technology innovations in the… Read more »
AI scheduling startup Licorice has raised $1.8 million as it looks to put an end to the dreaded IT ticket. The Adelaide startup’s backers were not disclosed. The funds are earmarked to accelerate software development and expand its go-to-market strategy globally. Licorice is looking to transform IT services by replacing the “tickets” system for recording… Read more »
The age of fintech for investors is shifting to climate tech startups in 2022, a landmark report into Australia’s startup ecosystem reveals. The inaugural State of Australian Startup Funding report, from Folklore Ventures and Cut Through Venture, has analysed data from more than 800 Australian founders and startup investors for a comprehensive look into the… Read more »
Sydney future of work startup Calven has raised $6.8 million in seed funding as it looks to tackle hybrid work culture. The round was led by Sydney VC Airtree, and several strategic backers, including Herbert Smith Freehills partner Michael Gonski and the Gonski family office. Calven co-founder Jeremy Pollak, a veteran of workplace technology consulting… Read more »
Insurance conglomerate IAG is backing a new $75 million venture capital fund to invest in early startups for its VC arm, Firemark Ventures. The insurer, best known for NRMA Insurance, launched its first fund in 2016 through Firemark. It invested in 18 startups in 33 rounds, including cybersecurity firm UpGuard, satellite Internet of Things creator… Read more »
A new shopping app developed by the twin sisters behind Stylerunner has raised $1.6 million in seed funding. The round was led by former banking exec Andrew Hagger, CEO of Fortescue founder Andrew Forest’s family investment firm, Tattarang and his charity arm, the Minderoo Foundation, supported by ASX-listed Touch Ventures, plus others. Sisters Sali Sasi… Read more »
Land restoration and carbon capture startup Cecil has raised $2.2 million in pre-seed capital. The round was led by agritech-focused VC Tenacious Ventures with participation from Macdoch Ventures and Global Founders Capital. As part of the investment Tenacious general partner Sarah Nolet will join the startup’s board. Cecil simplifies the process of managing and investing in natural assets in… Read more »
Australian-founded, Europe-focused buy-now-pay-later startup Scalapay has raised A$692 million in a debt and equity Series B. The round was led by Chinese tech powerhouse Tencent and US VC Willoughby Capital, with participation from existing backer Tiger Global, Gangwal, Moore Capital, Deimos, and Fasanara Capital. The fintech already hit unicorn status last year following a $210… Read more »
Atlassian cofounder Scott Farquhar steps down as co-CEO 
The lessons from Uber, Ola and rideshare’s disruption is that in the end, the consumer still pays 
Kiwi tech skills startup NextWork pockets $2.3 million pre-Seed raise 
Logistics software startup Veyor Digital shifts $2.75 million pre-Series A for US plans 
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