Friday, July 1, 2022

Montu medical cannabis breaks crowdfunding records on Birchal

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One of Australia’s leading prescribers of medical cannabis, which experienced a ten fold increase in business over the past year, has broken equity crowdfunding records. Montu became Australia’s largest total ever and second fastest of all time crowd funding.

App development startup, Cogniss banks $1.1m from crowdfunding

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The success of the crowdfunding campaign will enable the bootstrapped startup to activate its ambitious plans for growth, both in Australia and globally, with the company currently planning to launch a private investment round in the first quarter of 2022.

Podium to accelerate digital evolution for SMBs with $201m Series D round

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Podium, a communication and payments platform for local businesses has announced that it has successfully raised $201 million facilitated through a Series D funding round. The round is led by YC Continuity with participation from Durable Capital Partners, Arpex Capital, Accel, Album VC, IVP, Sapphire Ventures, Summit Partners, and Sorenson Capital.

Airwallex raises additional $100m in Series E1 led by Lone Pine Capital

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Airwallex, one of the fastest growing and a leading global fintech platform has announced their successful raising of an additional $100 million in a...

Till Payments receives $5m funding from Afterpay-backed Touch Ventures

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Payments fintech disruptor, Till Payments, has announced a top up in excess of $15m boost to its latest investment round, with support from European investors and Touch Ventures.

Aussies turn to equity crowd funding in lieu of gov’t support for startups

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Birchal saw a 620% increase in successful crowdfunding offers completed nationwide in the June 2021 quarter, with about $18.7m raised from over 10k investors in 22 campaigns.

Envirosuite raises $10.5 million to accelerate EVS Water software

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Envirosuite Limited has announced the successful completion of an institutional placement of new ordinary shares in Envirosuite to expedite the growth of the EVS Water business.

Flames and Kings lead the charge against sports betting advertising

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The Sydney Kings and Sydney Uni Flames have joined the Reclaim the Game campaign and will reject sports betting sponsorships and advertising, in a first for Australian basketball.

EnGeneIC raises $5m pre-IPO with its COVID-19 vaccine on VentureCrowd

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Australian biotech firm, EnGeneIC, has raised an impressive $5 million with Australia’s leading equity crowdfunding platform, VentureCrowd, smashing its $1 million pre-IPO target by 500%.

Relevance AI raises $4m to build a developer-first vector platform

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Relevance AI has introduced a powerful developer-first vector platform to help developers do more with unstructured data and aid data scientists to rapidly experiment with vectors.