THE ALTERNATIVE VIEW
Australia Tech & Venture Capital

By: Alternatives.pe

STARTUP FUNDRAISING

SONDER, an active care technology company that provides robust, anonymized, data-driven insights for individual wellbeing, has reportedly raised AUD 40 million led by Blackbird Ventures and SEEK, with new investment from Hostplus Super and continued support from key existing investors, including MA Growth Ventures.

STRONGROOM AI, an AI-driven controlled drugs management platform aimed at reducing adverse drug events, has reportedly raised AUD 17 million in recent funding led by EVP. This funding drives innovation in healthcare technology across Australia and the UK while enabling StrongRoomAI’s expansion into the US through a partnership with Centennial Pharmacy Services in the LTC@Home sector. 

ECOJOULE ENERGY, a power management firm specializing in smart battery systems and low-voltage static compensators (STATCOMs) to optimize energy quality and grid stability, raises AUD 4.8 million in Series A funding. The funding will be allocated to both international expansion and a nationwide launch.

THANKS, a retail tech that transforms post-purchase interactions into rewarding experiences, benefiting both businesses and consumers, has reportedly raised AUD 4.1 million in Seed funding from venture capital firms Peak XV Partners, Founder Collective, and Side Stage Ventures.

BREAKER, an autonomous, scalable platform allowing a single operator to deploy and manage them efficiently, raises AUD 2.2 million in Seed funding.

MISSING PERSPECTIVES, a social impact newsroom dedicated to challenging the underrepresentation of young women in news and media worldwide, has reportedly received a strategic investment from renowned film producer and tech investor Deanne Weir.

REVENUE UPDATES

99TH MONKEY, an e-commerce store that offers nuts and butter, reported revenue of AUD 1.3 million for the fiscal year ending June 2024, reflecting a 16% increase from the previous year. The company remains profitable, though its EBIT declined from AUD 277K to AUD 37K.

 

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RECENTLY ADDED STARTUP

FEMPRO ARMOUR: An Australian company specializing in protective smart armour gear for sports, defense, law enforcement, and healthcare.

MATCHANDATE: dating platform that leverages AI to connect highly likely compatible singles based on personality and interests.

 

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OTHER NEWS

No time to wait: FinTechs call for RDTI change.
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BlackRock urges overhaul of Australia’s foreign investment regime.
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Reskilling women into tech could deliver $6.5bn to Australian businesses.
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