Here’s a recap of recent funding developments from Australia, India, the US and beyond.
Marmalade Raises AU$16 Million in Funding Round Led by Blue Stamp Company
Marmalade, the Australian invoice payment platform, has secured AU$16 million in funding in a round led by Blue Stamp Company, with participation from existing investors Paloma Capital and several family offices. This capital infusion will fuel new customer acquisition and product development initiatives, advancing Marmalade’s goal of expanding access to risk-free working capital for SMBs.
With this latest round, Marmalade’s total funding over the past four years surpasses AU$32 million, reflecting investors’ enduring confidence in the company’s vision, advanced risk and financial technology, and growth potential. The company aims to achieve a payment volume of one billion dollars through its platform in 2024.
EnergyLab Alumni Raise Record $289 Million
EnergyLab’s report reveals that its alumni collectively raised a record AUD 289 million in the past year, with Australian-based startups securing AUD $124 million of the total amount. Notable success stories include Infravision, Sicona, and Renewable Metals, which together raised a total of AUD $66 million. EnergyLab now boasts 310 startup and founder alumni, 380 mentors, and 180 angel investors, fostering the growth of climate tech startups.
Hola Health Secures 4.5M in Pre-Series A Funding Led by M8 Ventures
Hola Health, a leading Australian telehealth and medicine delivery company, has closed a AUD4.5 million Pre-Series A venture funding round led by M8 Ventures. This investment propels Hola Health’s mission to revolutionize on-demand healthcare in Australia, offering fast and affordable care round the clock.
Optimo Loan Raises USD 10 Million Seed Funding
Optimo Loan, a pioneering MSME lending-tech business for rural India, has secured USD 10 million in seed funding led by Blume and Omnivore, with additional contribution from founder Prashant Pitti. Optimo aims to bridge the USD 530 billion credit gap in MSME lending by providing quick, hassle-free, and flexible financing options for MSMEs in rural India.
Cauldron Secures $9.5 Million in Series A Funding
Cauldron, a regional NSW startup specializing in fermentation technology, has raised $9.5 million (US$6.25m) in Series A funding. The round was led by existing investor Horizons Ventures, with support from CSIRO-backed Main Sequence, US climate tech fund SOSV, and the CIA’s venture fund In-Q-Tel.
BlueFlag Security Raises $11.5M in Seed Funding
BlueFlag Security, a Sunnyvale, CA-based identity-based developer security company, raised $11.5M in Seed funding. The round was led by Maverick Ventures and Ten Eleven Ventures. The company intends to use the funds to accelerate the development of its SDLC security and governance platform.
Firestorm Labs Raises $12.5M in Seed Funding
San Diego, CA-based Firestorm Labs raises $12.5M in Seed funding. Lockheed Martin Ventures led the round. The company intends to use the funds to scale its team and production to meet demand for its products. Firestorm builds modular, open-architecture unmanned aerial systems, supporting the warfighter’s needs.
Blue Laser Fusion Closes $37.5M Seed Funding Round
Blue Laser Fusion Inc. closed its $37.5m Seed funding round. Backers included SoftBank Corp., Yusaku Maezawa and Itochu Corporation. The company plans to complete its first prototype in 2025, and demonstrate a commercial-ready fusion reactor by 2030.
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