Here’s a recap of recent funding developments from Australia and beyond:
Global Sisters secures over $1 m for 3-Year Business Program
Global Sisters, a non-profit empowering women to launch their businesses, has garnered significant public and private funding. They aim to initiate a three-year business support program, benefiting 300 single mothers receiving government payments. The program, Solo Mums in Business, aims to enable these women to establish and expand their micro-businesses, providing flexible and sustainable income options.
Scalapay’s $10,000 Scale Up Scholarship boosts fintech growth
Australia-born fintech startup Scalapay, a prominent player in the Buy Now, Pay Later (BNPL) space, has partnered with the University of Wollongong’s iAccelerate to support local startups and foster fintech innovation. The Scalapay Scale Up Scholarship has granted funding to Abbl, a pioneering brewery management software startup, for an iAccelerate residency and mentorship support from the Scalapay team.
AMP raises AU$28.5 million in Series A investment
E-commerce platform AMP has successfully raised AU$28.5 million (approximately US$18.5 million) in a Series A investment round. This milestone was achieved with the leadership of Openspace Ventures and Jungle Ventures. AMP, founded by experienced entrepreneurs Cameron Priest (TradeGecko founder) and Patrick Barnes (Advocately founder), is poised for growth in the e-commerce sector.
VentureCrowd and Pitch Venture Capital partner to transform startup funding
Australia’s leading digital alternative asset investment platform, VentureCrowd, has collaborated with Pitch VC to revolutionize the country’s multi-billion dollar startup funding landscape. Their aim is to democratize investment by simplifying the process of setting up a VC fund. This partnership empowers industry experts and well-connected individuals to establish and launch their own startup funds.
Flagship raises $2 million in seed round for data-driven retail
Flagship has secured $2 million in a Seed round to assist retailers in making data-driven decisions to enhance in-store product appeal. The investment was led by Sydney VC Tidal Ventures, with support from notable figures such as Nick Molnar (co-founder of Afterpay), NRL player Luke Brooks, and other prominent investors. Flagship aims to optimize the shopping experience for in-store customers using data analytics.