Australia Tech & Venture Capital
By: Alternatives.pe
ARAVAX, a clinical-stage biotechnology company developing a novel peptide-based immunotherapy, PVX108, for the treatment of peanut allergies, raises an additional AUD 13.2 million in its Series B funding round, which was initially reported in Q1 2024. With this latest investment, the total funds raised for Series B now amount to AUD 64 million. The investment is backed by multiple investors, including Tenmile Ventures, Breakthrough Victoria, Brandon Capital, and others.
NUJ SUPER, a compliance and data management platform integrating scheduling, automation, and analytics to streamline regulatory processes, has reportedly secured AUD 4 million in Seed funding. The investment, led by Mimecast co-founder Peter Bauer, includes a combination of equity financing and a debt facility. Filings show that AUD 2.5 million of the equity investment has been secured so far.
ROSTERFY, an all-in-one volunteer management software to help manage volunteers at every stage of their journey, has reportedly raised AUD 5.5 million in investment from OIF Ventures. Filings currently show it has raised AUD 1.5 million of this in equity.
ADVANCELL, a clinical-stage radiopharmaceutical company developing treatments to significantly improve survival and quality of life for patients with cancer, has raised AUD 117 million in an oversubscribed Series C financing round. SV Health Investors, Sanofi Ventures, Abingworth, and SymBiosis co-led this investment round.
IVO, an AI-backed legal tech platform enabling enterprises to automate contract review processes without compromising accuracy, has reportedly raised AUD 25.5 million in a Series A round. The investment was led by West Coast VC Costanoa Ventures as well as other US firms and existing investors.
UPCOVER, an online business insurance provider dedicated to small businesses, startups, independent freelancers, and contractors, has reportedly raised AUD 11 million in equity investment led by RealVC.
OVUM, a health tech platform enabling women to track their health and body symptoms using advanced technology to prevent fatal diseases, has reportedly raised AUD 1.7 million in a funding round led by Giant Leap.
WHO GIVES A CRAP, a sustainable consumer goods company specializing in eco-friendly toilet paper, paper towels, and tissues, reported AUD 264K in revenue for the FY ending June 2024, marking a 10.89% year-over-year growth. The company has seen a remarkable 1,075% increase in EBIT from the previous year, reaching AUD 8 million, highlighting strong profitability growth.
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