Friday, July 1, 2022

Camplify accelerates into prime position with successful ASX listing

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Conceptualised with the nostalgia of childhood camping trips in mind, Camplify offers a diverse network of RVs for rent, from campervans to caravans to motorhomes.

iAccelerate gets funding to support SMEs in bush fire affected regions

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The University of Wollongong’s (UOW) business incubator and iAccelerate has been awarded $999,570 from the Federal and NSW governments’ combined Bushfire Local Economic Recovery Fund (BLER) to bring the iAccelerate program to 10 bushfire-affected regions.

FinTech startup Shouta secures $1m seed funding to revolutionise gifting

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Sydney-based fintech startup Shouta has announced the closure of its seed funding round having secured $1m in funding from a range of notable investors.

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.

Australia’s Haventec raises $11M in funding and launches US expansion

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Haventec, the Sydney-based award-wining cyber security company founded in 2015, has secured $11M in capital and launched their expansion into the US market after tremendous demand for their passwordless authentication and data storage solutions. Macquarie Group and Future Now Capital led the raise which will predominantly fund Haventec’s growth plans in the financial services, government and health sectors handling sensitive data.

Infinity Ventures Crypto has closed its inaugural fundraise at $70 million

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Infinity Ventures Crypto (IVC) has closed its inaugural fund capped at $70 million to jumpstart and accelerate the growth of global GameFi, DeFi and Web 3 innovations. As Asia’s most active fund targeting the region’s booming crypto currency industry, IVC is participated by heavyweights such as Circle, Digital Currency Group, and Animoca Brands.

Mercari Exchange Australia reveals completion of Series A fundraise

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Mercari, which operates a Tier 1 wholesale Australian financial exchange for the trading of derivatives, announced today the closing of a fundraising round to enable it to further expand its current activities and, additionally, to develop new institutional product solutions, including crypto-assets. Investors in the round include Digital Currency Group, an established leader and investor in the crypto and blockchain asset class; MCR Unlimited, a private investment group with expertise in innovative financial platforms, products and services; Jeff Yew, the founder and CEO of Monochrome Asset Management and former CEO of Binance Australia; DCA Global Derivatives management; and Dragon Tree Capital Australia.

CertiK closes $60m from SoftBank on the heels of $88m Series B3 funding

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CertiK, a Web3 and blockchain security firm, announced an additional $60m investment from SoftBank Vision Fund 2 and Tiger Global. This marks SoftBank’s first venture into the Web3 security space. CertiK’s $88m series B3 round and $2bn valuation were led by Insight Partners. This funding brings the total amount invested over the past nine months to $290m.

Florence raises $35 million Series B to revolutionise social care staffing

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Florence, the UK-based technology innovator for social care, announced it has raised $35 million (£28.5 million) through a Series B funding round. Florence will use the investment for product expansion to support care in the UK and multiple international markets, and to expand its services beyond elderly care. The Series B round was led by Axa Venture Partners with participation from Roo Capital and existing backers SEEK Investments.
3 questions business owners must answer before their JobKeeper finishes

Three key questions business owners must answer before their JobKeeper support finishes

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Invoice Finance, which makes use of assets already in the business rather than using the family home for security, is one SME funding option worth investigating.