This weekly feature from Dynamic Business runs down the week’s top funding rounds from Australia and around the world.
Medigrowth makes waves with $3.44 million crowdfunding campaign
Victoria-based medical cannabis biotech, Medigrowth, has achieved a significant milestone by securing $3.44 million in a highly successful equity crowdfunding initiative. This campaign ranks among the largest in the sector’s history, spanning six years, with a substantial influx of funds from over 2000 investors.
AI-powered startup Pearler raises $330,000 in pre-seed funding
Pearler, an innovative software startup focusing on AI-driven automation of business questionnaires, has successfully raised $330,000 in pre-seed funding. The South Australia Venture Capital Fund has been a major contributor to this funding round, supported by Artesian Venture Partners, a prominent early-stage venture capital firm in Australia.
Saudi’s Rewaa secures $27 million series A led by Wa’ed Ventures
Rewaa, the pioneering omnichannel inventory management system, accounting, and POS platform in Saudi Arabia’s retail industry, has successfully closed a significant $27 million Series A funding round. The round was spearheaded by Wa’ed Ventures, a venture capital fund owned by Aramco, showcasing a strong backing for Rewaa’s innovative solutions.
Netherlands-based Valyuu raises €2.4 million in seed funding
Valyuu, a Dutch marketplace facilitating the purchase and sale of pre-owned goods, has secured €2.4 million in seed funding. This investment was primarily led by Rubio Impact Ventures and Slingshot Ventures, signifying investor confidence in Valyuu’s approach to sustainable commerce.
Otto (formerly TeleVet) secures $43 million in series B funding
Otto, previously known as TeleVet, has accomplished a major funding milestone by raising $43 million in Series B funding. The company specializes in veterinary software, offering integrated practice management systems to the industry. The influx of funds will be utilized to scale operations and widen their business reach.
Context.ai raises $3.5 million
Context.ai, a burgeoning product analytics platform designed for applications powered by Large Language Models (LLMs), has secured $3.5 million in funding. Notable backers include GV (Google Ventures) and Tomasz Tunguz at Theory Ventures. This funding injection is set to fuel the expansion of Context.ai’s operations and market presence.
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