Monday, May 23, 2022

EG seeks to lift the Proptech market, launches $100 million incubator EGX

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Managed property fund EG announced the launch of EGX, a technology incubator aimed at helping build the future of the property and real estate industry across ANZ and globally. Initiated in 2021, EGX already holds a portfolio investment of AUD $100m and is supporting three innovative and high growth firms spanning a wide range of growth areas in the Proptech market like digital twins, data analytics and intelligence, sustainability, and more.

Blinq raises $5m to build simple, shareable identities for anyone

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Blinq, a fast-growing startup based in Melbourne, has raised AUD$5m from Blackbird and Square Peg Capital to revolutionise how experts share details and manage relationships. Blinq lets you share a snapshot of your professional identity, make great first impressions. Blinq replaces business cards and static contact apps with a live profile that can be shared with anyone via QR code, NFC card, short link, email signature or even video call background.

Curious Thing closes $7m pre-series A to aid fintech and health services

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Voice AI communication platform, Curious Thing, has announced that it has closed a AUD$7 million pre-series A funding round led by private investment firm Hawkstone with participation from Blacksheep Capital, January Capital and return investors Reinventure and Qualgro. The injection represents a tactical investment to expedite business and consumer comfort and adoption of voice AI assistants, as the scepticism surrounding this advanced technology continues to subside and the normalisation of the human-AI relationship grows. Prior to this funding round, Curious Thing raised AUD$1.5 million from Reinventure and Qualgro in 2019.

Fashinza raises $100m to create sustainable supply chain for fashion

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Fashinza, the AI-driven B2B marketplace and real-time global supply chain platform for fashion brands and retailers, announced a Series B funding round totaling $100M USD. The funding round is led by Prosus Ventures (formerly known as Naspers Ventures) and Westbridge along with participation from existing investors Accel, Elevation, and ADQ.

CyberArk Ventures readies $30m to Fuel innovative cybersecurity tech

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CyberArk, a player in Identity Security, announced the launch of CyberArk Ventures – a $30 million global investment fund designed to empower the next generation of disruptors solving complex security challenges with innovative technology. CyberArk has initially aligned with four Venture Capital investors: Venrock, YL Ventures, Team8 Capital and Merlin Ventures.

Freelance platform Gooby launches their seed round for investment

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Gooby, an innovative platform that aims to facilitate the work of individuals and businesses, has announced the launch of its seed round of investment. The platform was developed to streamline the process by which work is done. Paving the way for individuals and businesses to seek services from a plethora of choices, and for freelancers to capitalize on their talent. Gooby is built to be a no-nonsense platform for freelancers, SME’s and  individuals. The platform features an intuitive search engine that allows buyers to search for gigs posted by freelancers or advertise their requirements through job posts. Once a buyer has submitted their post, freelancers submit proposals, giving the buyer a variety of offers to choose from.

Katanox raises $5.7m and plots B2B distribution of travel accommodations

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Katanox, the travel accommodation distribution and fintech platform, has raised $ 5.7m from a group of financial, hospitality, and tech entrepreneur family offices to overhaul and reconfigure B2B distribution in hospitality. The group of investors includes Rappi and Yuno co-founder Juan Pablo Ortega, co-founder of fintech Dimebox and current co-founder and CEO of Founder Jan Joost Kalff, and founder of hospitality tech iTesso Bas Blommaart.

Australian used car platform Carma secures A$75m Series A funding

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Australian online used car platform, Carma, announced it had completed a US$52m (A$75m) Series A funding round, led by General Catalyst Partners and Tiger Global. Carma previously secured the largest seed round in Australian history, with US$20m (approx. A$28m) from Tiger Global in March 2021. The company has now raised over A$100m in funding. Carma’s used car sales have been growing quickly since providing early access to Sydney clients in late 2021. The capital raise will accelerate its growth, and building the team, growing used car inventory and establishing reconditioning operations in Melbourne and Brisbane.

Global majors invest 170m NOK in Norwegian firm Hydrogen Mem-Tech

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AP Ventures, Yara Growth Ventures, Shell Ventures, Saudi Aramco Energy Ventures and SINTEF Venture are putting their trust and investment into Hydrogen Mem-Tech (HMT). HMT´s palladium membrane technology separates hydrogen from bio and natural gas. The organisation has developed a technology where clean hydrogen is produced from bio and natural gas, while CO2 and other residual gases are captured to be utilized or sequestered. The HMT palladium membrane technology leverages more than 20 years of research from SINTEF, and it has been extensively tested and piloted over several years.

TA Associates announces strategic investment in Zifo RnD Solutions

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TA Associates (TA), a global growth private equity firm, announced it has completed a strategic growth investment in Zifo RnD Solutions (Zifo), a provider of scientific informatics. Founded in 2008, Zifo enables the digital transformation of Drug Discovery, Clinical Development, Manufacturing Quality Control and Genomics functions at companies across the pharma, biotech, medical device and process industries. Zifo enables firms to digitalize their operations to support innovation and help increase efficiency and speed of delivery.