Monday, May 23, 2022

QuintessenceLabs gets funding to scale its Quantum-safe solutions

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QuintessenceLabs, a pioneer and leader in quantum cybersecurity solutions, announced today that it has recently raised additional capital in a round led by Chevron Technology Ventures. This investment further underwrites QuintessenceLabs’ commitment to providing quantum-safe solutions and services to support security communities worldwide. The Canberra-based company will use the funds in its mission to deliver advanced quantum-enhanced cybersecurity solutions to large enterprise customers worldwide.

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.

Australia startup CIMET secures $26.6m partnership deal with iSelect

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CIMET Holdings, an end-to-end white label comparison and technology platform business today announced its strategic partnership with iSelect Limited (ASX:ISU), attracting an investment of $26.6 million. The funds will take CIMET’s already existing exponential growth to the next level, expanding its product and technology offerings beyond just energy and broadband and into new sectors such as banking and finance covering credit cards, loans, insurance and Buy-Now-Pay-Later services. 

Archipro raises AU$32.6m in Series A funding to fast-track Australia growth

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Online building marketplace, ArchiPro announced the company has raised AU$32.6 million in a Series A funding round led by New York-based Tiger Global, with support from Icehouse Ventures, and Queenstown-based Liger Trading. The new investors join ArchiPro’s 2021 AU$4.7 million series A backers: Ruslan Kogan of Kogan.com, and Hezi Leibovich, with the latter known for founding multiple Australian online marketplaces including Catch.com, Menulog and Scoopon (now Luxury Escapes).

in3 secures $11.1m Series A from Finch Capital; partners with Worldline

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 in3, a leading Dutch Buy-Now-Pay-Later (BNPL) fintech business, has announced a $11.1 million Series A funding round from Finch Capital as growth soars. In addition to this, in3 are today launching free BNPL services for consumers, starting in the Netherlands, through an innovative partnership with global digital payments leader Worldline. 

Action RPG gaming title Ascenders closes $6.4m investment round

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Ascenders, the highly anticipated AAA action RPG gaming title, announced a $6.4 million private round co-led by Paramount Capital, Three Arrows Capital, Sino Global Capital, and Merit Circle, the leading investors in blockchain technology and gaming. The investment also features prominent players in the blockchain ecosystem including DeFiance Capital, Blizzard Fund, Colony Labs, GuildFi, Momentum 6, Forward Analytics, Avocado Guild, ZeePrime, Snack Club, Layer X, Mintable and others.  

Hiro Capital casts second €300m videogames and metaverse tech VC

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Hiro Capital, the leading specialist European VC focused on Videogames, Metaverse Technologies, Creator Platforms and Gamified Fitness, announced the launch of HIRO CAPITAL II, a €300m ($340m) fund focused on backing the world’s emerging Gaming and Metaverse innovators. Hiro II will be announcing its first investments in April.

Payhawk becomes first ever Bulgarian unicorn after raising $100m

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Payhawk, the payment and expense solution with offices in London, Sofia, Berlin, and Barcelona, has raised an additional $100m to extend its Series B round to $215m. The Series B extension means that the company hits a valuation of $1bn, making Payhawk the first ever Bulgarian company to achieve unicorn status. The company plans to become a catalyst for the Bulgarian startup ecosystem, and continue to attract and retain the top 1% of talent in the market.

Forcite hits full throttle with $6m Series A and equity crowdfunding

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Sydney based motorcycle technology start up Forcite is on target to raise a total of $6m. With a Series A funding round led by Uniseed via new and existing shareholders, it powers development of Forcite’s motorcycle technology and accelerate global expansion.

Superstars of STEM are being funded to enable stratospheric success

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This investment in Australia’s STEM leadership talent will enable 120 brilliant and diverse women in STEM to turbo-charge their media profiles and career success over the next 4 years to inspire the next generations of girls and young women into these crucial fields.