Dynamic Business brings you the key startup fundraising rounds from this week:
Unleash live raises $8M in series A
Unleash live, the world’s premier A.I. video analytics platform has raised $8 million in a Series A round led by SafetyCulture. Unleash Live, founded in 2016 by Hanno Blankenstein and Jason Grier, has grown by 500% since March 2020.
The company’s ‘Intelligent Remote Vision’ technology helps organisations to enhance productivity and safety while lowering costs by transforming visual inspections using real-time video analytics.
The Series A money will be used to expand Unleash Live’s A.I. Apps Store, where developers and organisations with in-house A.I./ML skills can build, train, and deploy Apps that address specific enterprise needs.
Zoom2u lists on ASX with raise of $8 million
Zoom2u is listed on the ASX after a successful IPO that generated $8 million at $0.20 per share and resulted in a market capitalisation of $34.7 million at the offer price. Institutional, professional, and individual investors are among the new owners.
Zoom2u experienced rapid success in FY22, with growth in clients, drivers, total deliveries, and gross marketplace value. CEO Steve Orenstein created Zoom2u in 2014, and the company operates two major businesses: Zoom2u and Locate2u.
CarClarity secures AU$3 Million Series A to continue rapid growth
CarClarity, Australia’s leading vehicle loan marketplace, has secured an AU$3 million Series A fundraising round headed by Equity Venture Partners (EVP).
Existing investors included ex-Prospa Capital Management Advisor Raj Bhat and Oxygen Home Loans Managing Director Ben Taylor, an early backer of Harmoney and WeMoney.
CarClarity reported a 600% increase in income following the AU$1 million seed raise in March 2021, with over 30,000 clients utilising the platform to evaluate matched loan choices to date.
The new funding will enable CarClarity to pioneer a new online car buying service that reinvents traditional in-person car buying.
Book My Boat launches equity crowdfunding campaign
Book My Boat has just started an equity crowdfunding campaign to include boaters as investors in their expansion journey. The funds will be utilised to help the company grow.
Mr Lloyd expects investment opportunities inside the boating industry, similar to how Hyundai and Caltex invested in Car Next Door and Apollo Motorhome Holdings invested in Camplify, which went public in June with an $11.5 million IPO. The company said it intends to raise between $250,000 and $560,000.
NZ AI insights startup Yabble raises $3 million
Yabble, a New Zealand data insights startup, has received NZ$3 million (A$2.9 million) in order to grow into Australia and then the United States.
Hillfarrance led the second round of funding for the AI startup, which included existing investors such as Movac, New Zealand Growth Capital Partners, Enterprise Angels, and other Angel networks, as well as high-net-worth individuals.
Co-founders Kathryn Topp and Rachel O’Shea plan to utilise the money to extend the breadth of Yabble’s offering while also growing worldwide as the company seeks to capture a larger share of the US$72 billion insights and research industry with its AI-based insights product, Hey Yabble.
Remote Social raises $1 million seed round
Remote Social, a startup focusing on the future of work, has raised a $1 million seed round. The round was headed by Black Nova VC, with support from NeuroPower, Antler Australia — the firm came from Antler Australia – and other strategic angels.
Atlassian VP of engineering Zak Islam, Archangel Ventures partner Quentin Wallace, and Hipages co-founder David are among the angel investors in Remote Social.