Friday, July 1, 2022

Eco-tourism company Big Tiny raises $3 million in Pre-Series A funding

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Tiny house eco-tourism company, Big Tiny, has raised US$3 million (AU$4.2 million) in pre-Series A funding, as VCs and consumers back sustainable accommodation and the tourism bounces back from its COVID-19 slumber. This round of funding gives the business a valuation cap of US$22.5 million (AU$31 million).

Former Deloitte Consultant shares the top FinTech trends expected in 2022

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From the Robinhood fiasco to a startup boom, both average consumers and venture capitalists are keeping a steady finger on the FinTech pulse. But, like most industries, FinTech suffered during the emergence of COVID-19.

New CivVic program will connect government with startup innovation

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LaunchVic, Victoria's startup agency, has reinvigorated its CivVic program to equip more startups with the know-how to work with government as a customer. The changes include a Government Liaison Service (GLS) for established startups to help them navigate procurement processes and develop valuable networks within Government.

Zero Co donates $10m in support of Australian grassroot programs

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Zero Co has launched an initiative to support struggling grassroots and community organizations with a new fundraising model. It’s called the $10 Million Give-A-Thon and it's super simple.

Preqin estimates $3.1tn of private capital committed to ESG Investing

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In a report published ESG in Alternatives 2021: Navigating the Climate Crisis Preqin explores key issues faced by the alternatives industry. Some of the key issues include implementing environmental, social, and governance criteria into investment practices, the impact of climate change on investments, how investors are approaching the issue of greenwashing, and how regulators are stepping up their efforts.

Australia’s digital gifting platform, Prezzee eyes stock-market float

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Sydney-based Prezzee is considering a stock-market float as it seeks to capitalize on investor attention in the payments industry. Prezzee sells digital gift cards for retailers globally, including Amazon, Apple, and David Jones and is looking into funding options which could include an initial public offering, in light of Square Inc.'s planned US$29 billion acquisition of Australian payments company Afterpay Ltd.

Dubai-based AlgoDriven raises $2 million in Series A funding round

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AlgoDriven, through Global Ventures, the Dubai-based venture capital firm successfully raised $2 million in a Series A funding round. There were some other participating investors in the series such as Automotive Ventures, an Atlanta-based venture capital firm, AlgoDriven's first international investment, Spartech Ventures, otf Wadi, Driven Capital Partners and DTEC Ventures.

H2O AI closes $100m funding led by Commonwealth Bank of Australia

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H2O AI, the Artificial Intelligence Cloud leader, announced that it has closed $100 million in Series E funding led by Australia’s largest bank, customer Commonwealth Bank of Australia (CBA).

CARS24 raises $100m in funding to expand its Australian operations

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Australia’s CARS24 has announced the closing of a $100 million debt facility to fund the expansion of its local operations following a successful market launch in September 2021.

Hospitality marketplace FoodByUs raises $10 million in Series A funding

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FoodByUs, has completed a raising of $10 million in a Series A funding round which is following an exceptional period of growth in annual sales of more than 600% since 2019.