Climate tech, EV charging, enterprise AI and a venture builder inverting the startup model headline this week’s deals. From the founders behind Voi and Klarna raising $16 million to a Sydney builder backing founders with $3 million before they even pitch, here is where the capital went this week.
Enaxiom raises A$2.5 million seed round led by Epic Angels
Sydney-based climate tech startup Enaxiom has raised US$1.8 million (A$2.5 million) in seed funding to commercialise its AI data centre cooling technology. The round was led by Singapore-based all-female investment collective Epic Angels, with participation from BlackNova and Antler.
Founded in 2023 by Bijan Rahimi and Tia Collings, Enaxiom has now raised US$2.7 million (A$3.7 million) in total. The startup’s flagship product, Hydrocool, targets the heat rejection layer of the data centre cooling stack, addressing one of the most pressing environmental concerns around AI infrastructure: water use. Funds will go toward commercial deployment of Hydrocool, growing headcount, and accelerating expansion into the United States.
ReadySteadyPlug secures $1.51 million from ARENA
Sydney EV charging startup ReadySteadyPlug has received $1.51 million in funding from the Australian Renewable Energy Agency under the Driving the Nation Program, taking its total project funding to $3.49 million alongside contributions from customers and the company itself.
Founded in 2024, ReadySteadyPlug offers a Charging-as-a-Service model designed specifically for apartments and strata buildings, targeting up to 428 EV charge points as part of the rollout. CEO Jukka Sintonen said the pay-as-you-go solution removes two of the biggest barriers to EV charging in strata complexes, upfront cost and electrical complexity, by enabling charging through standard power outlets using smartphone access control, cloud-based metering, and automated billing. The funding arrives amid surging EV demand driven by the global fuel crisis.
Pit launches with $16 million led by Andreessen Horowitz
Stockholm-based enterprise AI startup Pit has launched publicly with $16 million in funding led by Andreessen Horowitz. The round includes participation from Lakestar, executives from OpenAI, Anthropic, Google, Deel, and Revolut, as well as the Stena and Lundin families. Founded by the team behind Voi and Klarna, Pit positions itself as an AI product team as a service, building custom, production-grade software for internal business operations.
The company targets a persistent problem across enterprise: core operations still running on spreadsheets, inboxes, and rigid SaaS tools that were never designed for how businesses actually work. Despite more than $1 trillion spent on digital transformation globally in recent years, Pit argues most workflows remain fragmented, manual, and difficult to adapt. The platform learns how companies work and builds the systems that run their operations.
Repeat Builders launches in Sydney with $3 million per venture and a reverse shark tank model
Sydney venture builder Repeat Builders has launched in Tech Central with a model that inverts the traditional startup path. Rather than founders pitching investors, Repeat Builders validates ideas first, then goes looking for the right founding team. Each venture is pre-funded with $3 million covering salaries, technology, team growth, and marketing for a full two-year period, with no fundraising or bootstrapping required. An embedded HQ team operates alongside founding teams as silent operators across product, engineering, talent, capital, and governance. Founding teams start with 30 percent equity in a validated, funded, independently operating company.
Founded by former quantitative trading executive Andonis Sakatis, who spent 13 years at GSA Capital and XTX Markets before founding Amazon best-selling consumer brand Zenify, Repeat Builders is targeting five venture launches in its first year.
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