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Great Wrap founders Julia and Jordy kay. Credit: Great Wrap

Funding roundup July 24 – July 29: Great Wrap, Fitstop, Servicely and more

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

Great Wrap (Series A funding)

How much: $24 million

Participants: The $11 million equity round involved Darren Thomas, W23, Grill’d Innovation Fund, Giant Leap, Small Giants, Thai Wah Ventures, GroundSwell, Trail Mix Ventures and Springbank Collective, plus a raft of other impact investors from Australia, the USA and Singapore. 

The investment has been amplified by $13 million of non-dilutive capital from DLL Group, Rabobank’s asset financing arm.

Great Wrap is on a mission to remove the 150,000 tonnes of plastic stretch wrap sent to Australia’s landfill each year. Great Wrap has just received its B Corp Certification and was awarded in the AFR Sustainability Leaders List as Category Innovator. 


How much: $3.3 million

Participants: Lift Brands\

The homegrown athlete-inspired fitness franchise has continued to attract high-profile athletes as owners and inspired over 17,000 members, built from creating a dedicated fitness community seeking performance-based training. Fitstop partnered with Vytality Group, which will see 80 locations open in the Sydney market over the next five years.


How much: $1.2 Million

Participants: Investors include a combination of high-net-worth individuals and a family office.

At the core of the Servicely low-code service management platform is a proprietary AI engine that Observes and Learns how work is being done by staff to be able to Augment and automate work as the system gets smarter.

KOBA Partners with Birchal 

KOBA has announced they are opening a crowdsource funding round in partnership with Birchal

KOBA has launched their connected pay-per-KM car insurance product throughout Australia and is growing its customer base 70 per cent month-on-month, with drivers paying from 3¢ per KM they drive. To date, KOBA has successfully raised $1.75 million from Birchal, angel investors and insurance-specific funds, including Hunter Equity Group and Insurtech Gateway. 

To learn more about KOBA and join the cap table, visit the Birchal site or pre-register at www.kobaInsurance.com.au


How much: $10.15 million

Participants: The raise was led by Airtree Ventures, supported by Skip Capital, the family VC of Kim Jackson and her husband, Atlassian co-founder Scott Farquhar.

Human believes that people need a simpler way to access medical information and research, and real-time health data that could help is currently being lost.

Local Threads (pre-seed round)

How much: $500,000 

Participants: The round was led by Dr Qin Ding, co-founder of EMQ, a data cloud warehousing platform, with support from angel investors Alex Yin, founder of fashion brand UOOYAA, and Eric Liam.

Local Threads is the largest marketplace for ethical fashion from Australia’s best independent brands. 

Findex raises capital for Botanical Water Technologies (BWT)

How much: 15 million

Findex is a privately-owned provider of integrated financial advisory and accounting services in Australia and New Zealand

UK-based BWT has created the process of harvesting water naturally stored in plants, creating the world’s first plant-based water. Partnering with Fujitsu, they are building the Botanical Water Exchange (BWX), a blockchain-based water trading platform that provides full transparency of the entire supply chain and connects producers and consumers efficiently. 

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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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