Weekly Funding Roundup

This weekly feature from Dynamic Business runs down the week’s top funding rounds from Australia and the US. Check out last week’s biggest funding rounds here.

SimConverse raises $1.5 million seed round

SimConverse, a healthcare startup that aims to improve communication between medical professionals and patients by simulating real-life patient conversations, has secured $1.5 million in Seed funding. 

The round was led by Folklore Ventures, with participation from Artesian. The company was founded by Aiden Roberts and Will Pamment, who met while studying medicine at university.

Till Payments banks $70 million 

Earlier this year, Till Payments, a fintech company that specializes in business payments, laid off 40% of its workforce before securing $70 million in a Series D funding round. The company cut 120 employees in order to raise capital for its planned listing on the US NASDAQ later this year, which took them about five months to find.

Sumday announces $2 million seed round

Tasmanian startup Sumday, which specialises in carbon accounting, has raised $2 million in a Seed funding round. Sumday has secured investment from venture capital giant Blackbird Ventures, with software company billionaire Cameron Adams also participating in the funding round.

Sumday’s innovative technology helps businesses track and manage their carbon footprint, aiding their sustainability efforts.

Envisics raises over $50m in series c funding; reaches $500m post-money valuation

Envisics raised over $50M in Series C funding at a $500M post-money valuation. The company intends to use the funds to accelerate the pace of product development and delivery. General Motors will be the first company to deploy the Envisic 2nd Generation AR-HUD technology, debuting in the 2024 Cadillac LYRIQ.

Humane raises $100M in series C funding

Humane raised $100M in Series C funding. Funded by Kindred Ventures, with participation from SK Networks, Microsoft, LG Technology Ventures, Volvo Cars Tech Fund, Top Tier Capital, Hudson Bay Capital, and Socium Ventures. The company intends to use the funds to expand operations and business reach.

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This weekly feature from Dynamic Business runs down the week’s top funding rounds from Australia and the US. Check out last week’s biggest funding rounds here.

Fabrum raises $23M in Series A funding

Christchurch, New Zealand-based developer of zero-emission transition technologies raised $23M in Series A funding. AP Ventures led the round with participation from Fortescue Future Industries, Obayashi Corporation and K1W1. The company intends to use the funds to expand its global presence and scale up its manufacturing capacity.

Fable Food Co raises US$8.5M in Series A funding

Fable Food Co, a Sunshine Coast, Australia-based meat alternative company, raised US$8.5M in Series A funding. The round was led by K3 Ventures, ByteDance and Grab, with participation from Blackbird, AgFunder, Aera VC, Osher Günsberg, Greg Creed, Professor Peter Singer, Frantz Braha and Adrien Desbaillets.

Skipperi raises €7M in Series A funding

Skipperi, a Helsinki-based shared-use boating subscription service and peer-to-peer boat rental platform, raised €7M in series A funding. The company intends to use the funds to accelerate its international expansion to Brisbane, Australia, and several locations around the US while strengthening its platform and tech team.

Riot raises $12M in Series A funding

Riot is a French startup building a cybersecurity awareness platform. The company recently passed $2M in annual recurring revenue. It protects a company by preparing employees to deal with cyberattacks. Riot’s main interface is a chatbot called Albert, which is available on Slack, Microsoft Teams and the web.

Canoe Intelligence raises $25M Series B funding

Canoe Intelligence, a New York-based financial technology company, raised $25M in Series B funding. The round was led by F-Prime Capital with participation from Eight Roads Ventures. The company intends to use the funds to accelerate expansion into European markets, grow the team in key functional areas, enhance enterprise product offerings, and develop new data products.

Avicenna.AI raises Series A funding; $10M in total

Avicenna.AI raises $10M in Series A funding round. Uses deep learning to identify, detect and quantify life-threatening pathologies from CT medical images. It will use the funds to scale up the deployment of its solutions across the world and diversify its offering into new areas of medicine.

ALSO READ: 623 deals drive Australia’s venture capital investment to a new record in 2022

Keep up to date with our stories on LinkedIn, Twitter, Facebook and Instagram.

This weekly feature from Dynamic Business runs down the week’s top funding rounds from Australia and the US. Check out last week’s biggest funding rounds here.

Netskope receives $401 million in new funding

Cloud security unicorn Netskope announced an oversubscribed investment round of $401 million. The partners for this oversubscribed convertible note investment were four of the world’s premier investors. The financing was led by investment funds managed by Morgan Stanley Tactical Value, with participation from Goldman Sachs Asset Management, Ontario Teachers’ Pension Plan, and CPP Investments. 

SpaceX shooting for $750 million round at $137 billion valuation

SpaceX had a busy 2022 fundraising, and this year will be very similar for the space startup.  CNBC reported that Elon Musk’s rocket and satellite company aims to raise a fresh $750 million round at a $137 billion valuation.  The report cited an email that revealed a16z would likely lead the new funding round. The VC firm also helped Musk in his $44 billion Twitter buyout.

SirionLabs boosts series d round to $110 million with investment from Brookfield growth

SirionLabs, the global leader in artificial intelligence (AI)-powered contract lifecycle management (CLM), today announced that its Series D funding had reached $110 million due to an investment by Brookfield Growth. Partners Group led the previously announced round with participation from existing investors Sequoia India and Tiger Global. 

Melbourne clothing tech startup Bodd has raised $5 million

Bodd, a Melbourne-based clothing tech startup, has raised $5 million to use its 3D body scanning technology for advanced manufacturing. Candice and Nick Hirons, retail entrepreneurs, led the round announced on Christmas Eve and supported by several family offices and high-net-worth individuals. Tim Allison, executive chairman of Bodd and founding chairman of Virtual Gaming Worlds, is among the investors.

Perspectum Secures $36 Million in Series C Funding 

Perspectum received $36 million in Series C funding. The funds will be used to accelerate the company’s product pipeline for multiorgan inflammatory conditions and oncology. In December 2022, they announced a collaboration with Nuance, a Microsoft company. The coverage and established reimbursement codes have accelerated the adoption of LiverMultiScan by several US hospitals.

Poly has raised $4 million in seed funding

Poly, a web-first generative AI company for design assets based in San Francisco, has raised $4 million in seed funding. Felicis, Bloomberg Beta, and NextView Ventures led the round. The funds will be used to train vertically fine-tuned AI models and to hire design and AI talent.

Keep up to date with our stories on LinkedIn, Twitter, Facebook and Instagram.

This weekly feature from Dynamic Business runs down the week’s top funding rounds from Australia and the US. Check out last week’s biggest funding rounds here.

Aerotruth has received $1.3 million in seed funding

Aerotruth, a software startup that accelerates and streamlines the B2B partnership process for fintechs and banks, has raised $1.3 million in a seed round that was oversubscribed. Archangel Ventures led the round, which was joined by Afterwork Ventures, Black Sheep Capital, Change Com, Cut Through Angels, Spring Capital, and Unlock Capital.

Zipline invests $10 million 

Zipline.io, a health and aged care compliance reporting platform, has raised $10 million to accelerate growth in the US market. Existing backer EVP led the round with the VC’s largest follow-on check, with King River Capital lending support.

New investors include TechnologyOne founder Adrian Di Marco, Aconex cofounders Leigh Jasper and Rob Phillpot, the Sypkes Family Office, and SecondQuarter Ventures, allowing existing investors to recoup some of their investment gains since former Microsoft executive Michael Momsen launched the company in 2016.

Bajo Foods has raised $2 million in funding

The Indian parent company of Keto Brand Lo! Foods, Bajo Foods, has raised $2 million in funding. Mount Judi Ventures led the round, with Mr. S Ramadorai participating. The funds will be used to build the brand of the company’s new product lines and to expand their channels to Offline Retail, B2B, and Hospitals.

Nectar has raised over $24 million in Series A funding

Nectar raised more than $24 million in Series A funding. In 2023, the company intends to invest in three key areas. To align incentives and deliver customer experiences, Nectar is developing a vertically-integrated allergy platform that includes a hybrid virtual and physical clinic model, compounding pharmacy, lab testing facility, and an allergist physician network.

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This weekly feature from Dynamic Business runs down the week’s top funding rounds from Australia, India and the US. Check out last week’s biggest funding rounds here.

ABGF invests $15m in WA-based HMC Group

Australian Business Growth Fund (ABGF) is investing $15 million in one of Western Australia’s leading Tourism Accommodation and Aviation services, The HMC Group. ABGF is building an investment pipeline of SMEs with $2 to $100 million in revenue, a proven business model and considerable growth potential.

ABGF will be a minority investor in the HMC Group, and the business will continue to be majority owned and managed by Western Australians.

Nine25 launches Equity Crowdfunding raise 

First-to-market Salary Nine25, a streaming and budgeting platform, announced the commencement of its capital raising with Equitise, kicking off a $2.55 million round. Nine25 is a first-of-its-kind software-as-a-service platform that actively budgets for its users’ expenditures by employing authorization to live employment and banking data.

 Abyss Solutions secures $15m co-investment

Abyss Solutions has announced that it will continue to scale and expand into new areas with the help of AirTree, which has doubled down with a $15 million co-investment with the Australian Retirement Trust. Abyss, founded in 2014 by four University of Sydney scientists and engineers, has continuously achieved +100% year-on-year growth over the last four years, extending into energy, agriculture, water infrastructure, and, most recently, space.

Sapia raises $17 million in Series A

Sapia.ai, formerly known as PredictiveHire, has raised $17 million in Series A. The round was led by Macquarie Capital and W23, the venture capital arm of Woolworths Group. 

DispatchHealth raises over $330m in Debt and Equity funding

DispatchHealth raised over $330M in Debt and Equity funding. The equity round of $259M was led by Optum Ventures, with participation from Blue Shield of California, Humana, Echo Health Ventures, Questa Capital and Oak HC/FT. The company intends to use the funds further to accelerate its in-home, technology-enabled system of care.

The Applied AI Company raises $42 m in funding

The Applied AI Company builds products for the pharmaceutical, healthcare, safety and government sectors. The round was led by G42, A.R.M Holding, Plug and Play Investment Group and families in Europe and the MENA region. The company intends to use the funds to accelerate its growth in the US and Europe.

GoFreight raises $23 m in Series A funding

GoFreight provides cloud-based software for the global freight forwarding industry. The company intends to use the funds for further product advancements and team expansion. The round was led by Flex Capital and Headline, with participation from FX Venture Partners, Palm Drive Capital, Mucker Capital, Cornerstone Ventures, and Red Building Capital.

Celebal Technologies raises $32 m in funding

Celebal Technologies, a Jaipur, India-based software services company specializing in AI, Big Data, App innovation and Enterprise Cloud, raised $32 million in funding.

Redbrick ai raises us$4.6m in seed funding

RedBrick AI, a Michigan, MI- and Pune, India-based provider of a health-tech AI platform, raised US$4.6M in Seed funding.

Keep up to date with our stories on LinkedIn, Twitter, Facebook and Instagram.

This weekly feature from Dynamic Business runs down the week’s top funding rounds from Australia, India and the US. Check out last week’s biggest funding rounds here.

Advanced Navigation raises $108 mil in Series B led by KKR

Advanced Navigation, a developer of artificial intelligence robotics and navigation technologies, has raised AUD 108 million (US 68 million) in a Series B funding round sponsored by global investment company KKR. 

The fundraising round includes new investors, including deep learning venture firm AI Capital as well as current investors like Main Sequence, the Hon. Malcolm Turnbull AC, In-Q-Tel, and Our Innovation Fund bringing Advanced Navigation’s total sum raised to more than AUD 134 million (US 85 million).

Engineers Xavier Orr and Chris Shaw created Advanced Navigation in Sydney, Australia, in 2012 to commercialise university research on AI-based inertial navigation.

Contentstack raises $80 Million Series C co-Led by Georgian and Insight Partners

Contentstack, the Content Experience Platform (CXP) category leader and composable architecture pioneer announced $80 million in Series C funding.

Georgian and Insight Partners co-led the round with participation from Illuminate Ventures. All three companies continue to grow their investment with Contentstack, contributing to a $169 million total raised thus far.

Ofload raises AU$60 mil

Ofload raised AU$60 million in Series B funding, which includes both debt and equity, to accelerate its push for sustainable supply chains. Jungle Ventures, Singapore’s largest independent venture capital firm, led the round, which included increased funding from previous investors King River Capital, Bay Grove, Maersk Growth, and Foundamental.

Following its successful acquisition of Melbourne freight expert CIA Logistics in September, Mars Expansion Capital, part of the Liquidity Group, provided the debt finance component, which helps accelerate Ofload’s inorganic growth efforts.

ULUU secures $8m led by Main Sequence

ULUU, an Australian company developing a revolutionary natural plastic replacement, has successfully raised AUD$8 million (USD$5 million) from a group of strategic investors that includes supermodel, entrepreneur, and philanthropist Karlie Kloss and Tame Impala frontman Kevin Parker.

The seed round was led by their existing deep tech investor Main Sequence, founded by CSIRO, with participation from Alberts Impact Ventures, Mistletoe and Possible Ventures.

Buildkite raises A$32 million

Buildkite, a market-leading software development startup, has announced the completion of a $21 million USD series B fundraising round to support the firm’s aim of removing roadblocks for every software developer on the planet.

Buildkite will use 100 per cent of the funds to launch new developer-focused products and expand the company’s existing operations, marketing, and sales teams, led by Australian investors OneVentures and AirTree, with participation from US-based General Catalyst and Dom Pym, founder of digital bank Up.

Four mums raising kids with disabilities crack $1m in funding

Kindship has raised over $1 million for its start-up that would untangle the NDIS complexities. They already have 2,500 families using their app each month, and the $1 million raised through their Birchal equity crowdfunding campaign will be utilised to create and scale the “Kindship Wallet,” an NDIS plan management tool.

World

Ramp Network Raises $70M in Series B Funding

Ramp Network, a London-based payment infrastructure startup for crypto, raised $70M in Series B funding. The round brings the total raised by Ramp to $122.7m over the past 12 months alone. Mubadala Capital’s Frederic Lardieg joins the board as a director.

Symend Raises Over $40M in Growth Funding

Calgary, Canada-based Behavioral Engagement TechnologyTM solutions provider, raised over $40M in Growth funding. The company intends to use the funds to accelerate its growth and global market expansion further. Founded in 2016, Symend has global operations across Canada, the United States and Latin America.

Weka Raises $135M in Series D Funding

Weka, a data platform provider for next-generation workloads, raised $135M in Series D funding. The company intends to use the funds to continue to invest in developing the WEKA Data platform. The funds will allow WEKA to reach profitability, accelerate global expansion, and scale its cloud, customer success, sales, marketing, operations, operations and human resources teams.

JPMorgan Chase and 5 other U.S. megabanks behind a third of the global funding expanding coal, oil and gas

The six major U.S. banks are behind more than one-third of the financing for expanding fossil-fuel extraction. Together, the top 60 banks by assets provided $1.3 trillion to the top 100 companies expanding fossil fuels between 2016-2021. The banks have joined global efforts to cut carbon emissions by 2030.

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