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Funding round

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Markus Winkler on Unsplash

Here’s a recap of recent funding developments from Australia, India, the US and beyond.

Splose accelerates Series A funding round with $1.5 million

Adelaide-based technological powerhouse Splose initiates a $3 million Series A funding round, securing an impressive $1.5 million within the first 24 hours. The funds validate Splose’s innovative approach in the NDIS sector and fuel its strategic vision for product development and international market penetration. High-profile shareholders include ex-AFL player Ryan Fitzgerald, SANFL legend Nick Chigwidden, and AFL player Kyle Hartigan.

Upworth raises $1 million in first external round

Sydney-based fintech Upworth successfully secures $1 million in venture capital from prominent business angel investors and entrepreneurs for its inaugural external round. Co-founders Alexandre Chavotier, Carlos Rios, and Maxime Chaury aim to transform the way people manage their money with a focus on technology, finance, and consumer services backgrounds.

Refilled raises $1.3 million in seed round

Environmental technology startup Refilled raises $1.3 million in a Seed round to transform drink dispensing and combat single-use plastic bottles. Led by existing supporter Melt Ventures, with backing from Envato cofounders Cyan and Collis Ta’eed, the funds will further Refilled’s mission to reduce plastic waste.

Kashcade secures $5.5 million to boost digital lending for startups

Fintech Kashcade, a digital lender offering non-dilutive capital to startup founders, raises $5.5 million in a round led by Prandium Capital. The funding, comprising $1 million in equity and the remainder in debt, will be used to expand Kashcade’s loan book and enhance its digital lending capabilities.

Haut.AI secures €2 million in seed funding

European generative AI leader Haut.AI, renowned for its beauty and skincare tools such as SkinGPT, raises €2 million in seed funding from LongeVC and Grupo Boticário shareholders’ VC arm. The funds will fuel the expansion of its no-code skincare e-commerce personalization software and advance R&D in multimodal generative AI for skin analysis.

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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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