Dynamic business brings you the key startup fundraising rounds from this week:
Andi Health Raises $600k Pre-Seed Funding
Andi Health, a digital health startup based in Sydney founded by Akshin Goswami, David Corbineau, Gloria Yu, and Luke Grana, has raised $600,000 in its pre-seed round.
With a lead investment from Brenteca, the funds will help the startup build a unified health management programme that allows people to know their health status and learn healthier habits with the help of Andi’s certified health coaches.
Archipro raises $32.6m in Series A funding
ArchiPro, an online building marketplace, announced that it had raised $32.6 million in a Series A funding round led by New York-based Tiger Global, with participation from Icehouse Ventures and Queenstown-based Liger Trading.
The new investors are part of ArchiPro’s $4.7 million 2021 series. Backers include Ruslan Kogan of Kogan.com and Hezi Leibovich, who founded several Australian online marketplaces, including Catch.com, Menulog, and Scoopon (now Luxury Escapes).
The new funds will be used to help ArchiPro expand in Australia. ArchiPro will also introduce several new features that will bring buyers and sellers in the construction and home improvement industries closer together.
NFT gaming startup Immutable raises $280m Series C
Immutable, a Sydney-based NFT gaming startup, has raised $280 million in a Series C round, valuing the company at $3.5 billion.
The round was led by Singapore’s sovereign fund Temasek, with participation from Hong Kong-based gaming software firm Animoca Brands and Chinese video gaming behemoth Tencent. ParaFi Capital, Princeville Capital, Arrington Capital, Mirae Asset, and Liberty Global are among the new investors.
Existing investors King River Capital, Prosus Ventures, AirTree Ventures, Declaration Partners, Fabric Ventures, Possible Ventures, and Alameda Research re-invested.
White Label Startup CIMET Secures $26.6m Strategic Partnership Deal With iSelect
CIMET Holdings, one of Australia’s leading end-to-end white-label comparison and technology platform companies, announced a strategic partnership with iSelect Limited today, attracting a $26.6 million investment.
The funds will be used to accelerate CIMET’s already rapid growth, expanding its product and technology offerings beyond energy and broadband and into new sectors such as banking and finance, including credit cards, loans, insurance, and Buy-Now-Pay-Later services.
Art marketplace Book An Artist raises $1m
Book An Artist, a Melbourne-based artist marketplace, has raised $1 million to help it achieve its global goals. Black Sheep Capital led the round, backed by tech heavyweights like Airtasker co-founder Tim Fung and Amaysim co-founder Rolf Hansen.
Cybersecurity startup Cydarm unlocks a $3m raise
Cydarm, a Melbourne-based cybersecurity startup, has raised $3 million in its second equity round. InterValley Ventures led the round, supported by Five V Capital, with Sydney VC Right Click Capital doubling down on its initial 2018 investment, the company’s first. Several individual cybersecurity executives also contributed.
The funds will be used to hire more employees, improve the platform, and expand internationally.
Cydarm was one of the first graduates of the CyRise accelerator programme, designed to support world-class cybersecurity startups, co-founded in 2017 by Dr Vaughan Shanks and Ben Waters, both ex-Defence and cyber professionals.
The new capital comes less than six months after Immutable raised $82 million to ramp up its Ethereum-based trading platform for NFTs.
PredictiveHire raises $7m in pre-Series A
PredictiveHire, a recruitment automation startup that uses an AI bot to determine whether a candidate is qualified for a job based on just five questions answered via phone text, has raised $7 million in a pre-Series A round.
Hudson, a Sydney-based talent recruiting firm, is one of the startup’s key backers, along with Yarra Capital Management chair Dion Hershan, Melbourne investor Leigh Jasper, and former Macquarie Corporate Advisers chair Jim Craig.
The funds will be used to expand its global plans emphasising the U.S. market.