This weekly feature from Dynamic Business runs down the week’s top funding rounds from Australia and the US. Check out last week’s biggest funding rounds here.
Aerotruth has received $1.3 million in seed funding
Aerotruth, a software startup that accelerates and streamlines the B2B partnership process for fintechs and banks, has raised $1.3 million in a seed round that was oversubscribed. Archangel Ventures led the round, which was joined by Afterwork Ventures, Black Sheep Capital, Change Com, Cut Through Angels, Spring Capital, and Unlock Capital.
Zipline invests $10 million
Zipline.io, a health and aged care compliance reporting platform, has raised $10 million to accelerate growth in the US market. Existing backer EVP led the round with the VC’s largest follow-on check, with King River Capital lending support.
New investors include TechnologyOne founder Adrian Di Marco, Aconex cofounders Leigh Jasper and Rob Phillpot, the Sypkes Family Office, and SecondQuarter Ventures, allowing existing investors to recoup some of their investment gains since former Microsoft executive Michael Momsen launched the company in 2016.
Bajo Foods has raised $2 million in funding
The Indian parent company of Keto Brand Lo! Foods, Bajo Foods, has raised $2 million in funding. Mount Judi Ventures led the round, with Mr. S Ramadorai participating. The funds will be used to build the brand of the company’s new product lines and to expand their channels to Offline Retail, B2B, and Hospitals.
Nectar has raised over $24 million in Series A funding
Nectar raised more than $24 million in Series A funding. In 2023, the company intends to invest in three key areas. To align incentives and deliver customer experiences, Nectar is developing a vertically-integrated allergy platform that includes a hybrid virtual and physical clinic model, compounding pharmacy, lab testing facility, and an allergist physician network.
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