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Hello clever co-founders, Caroline Tran and Gavin Nguyen. Credits: Hello Clever

Funding roundup August 21 – August 26: Lumachain, Hello Clever and more

Dynamic Business brings you the key startup fundraising from this week:

Hello Clever

How much:  AUD $4.5million

Participants: Led by Vectr Fintech Partners with participation from CrossFund, Yolo Investments, Magnivia Ventures, Son Tech Ventures, Boson Ventures and notable angels such as Ken Cheung (former Founding Head of Asia Pacific – Facebook and Instagram and Co-Founder of OurSong with John Legend), Daniel Johnson of Mercurien Insurance and Bosco Tan.

Hello Clever was designed to support Aussie millennials and generation Z to track their income and spending while using their own money to make payments as an alternative to credit-based Buy Now Pay Later (BNPL) services.


How much: $3.3 million

Participants: Led by Sydney VC EVP and supported by social impact investor Save the Children Impact Investment Fund, edtech ventures Schoolbox and Curio Ventures, and personal backing from several edtech entrepreneurs. 


How much: $28.3 million

Participants: Led by the CSIRO’s innovation fund, Main Sequence Ventures, having initially bootstrapped for 15 months.

Supporting small businesses to work well mentally 

The government is supporting small businesses to create safe and mentally healthy workplaces so employees can thrive.

Minister for Small Business Jaala Pulford and Minister for Workplace Safety Ingrid Stitt today launched the Labor Government’s Workwell Toolkit for Small Business, a free online service with practical ideas and information to prevent mental injury in the workplace.

The toolkit has specifically been revamped for small businesses to include case studies and policy templates to promote mental wellbeing.

Funding To Accelerate Life-Changing Medical Research

With more grants to fast-track research breakthroughs, the government is backing Victorian scientists to combat global health challenges, including ovarian cancer.

Minister for Innovation, Medical Research and the Digital Economy Jaala Pulford today announced the 21 recipients of the fifth round of the Labor Government’s Victorian Medical Research Acceleration Fund (VMRAF).

The program supports both early-stage research and projects that are ready for commercialisation.

Researchers across 15 of Victoria’s medical research institutes will use the $3.4 million in grant funding to accelerate projects that address a range of health concerns such as dementia care, diabetes, IVF treatments and breast cancer.

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Yajush Gupta

Yajush Gupta

Yajush is a journalist at Dynamic Business. He previously worked with Reuters as a business correspondent and holds a postgrad degree in print journalism.

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