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.
Getahead closes $1.38m pre-seed round
Brisbane-based recruitment technology startup Getahead, which has been dubbed “Tinder for jobs,” has closed a pre-seed funding round of $1.38 million as it sets its sights on expanding to other states in 2023. The round was led by two prominent Queensland entrepreneurs, Michael Dempsey of Ezidebit’s Pipeline Capital, and Phil Di Bella, the founder of Di Bella Coffee.
Calling All Innovators: Monash Generator’s Validator Program is now accepting applications for 2023
The Monash Generator’s Validator program 2023 is currently accepting applications from passionate innovators who are eager to bring their ideas to life. As Monash University’s central startup hub, the Generator offers an entrepreneurial support program tailored for early-stage ideas, startups, and social enterprises.
Since its establishment, more than 1000 founders from the Monash community have benefited from the Generator’s programs. The Validator, a 5-week program, is designed to equip new innovators with the fundamental knowledge of entrepreneurship, enabling them to launch their ideas or take their side projects to the next level by creating sustainable businesses.
The program is free to Monash students, staff, and alumni and is conducted entirely online, making it accessible to individuals from any part of the world.
NetworksX lands $610,000 Seed round
Melbourne-based Pitch Venture Capital and a group of European investors have led a Seed funding round that has raised $610,000 for investment and market research services provider, NetworksX. With this funding, NetworksX plans to expand its operations, providing faster and more comprehensive research services, as well as broadening its offerings to investors and increasing automation within the platform.
SwarmFarm plants $12 million Series A
Farming automation management startup SwarmFarm Robotics has raised $12 million in a Series A to address agriculture’s worker shortage. The round was led by Canadian agtech fund Emmertech, from Conexus Venture Capital, supported by Brisbane VC Tribe Global Ventures and South Australia’s Access Capital.
Quantum Brilliance raises US$18 million
Quantum Brilliance, a startup based in Canberra focused on quantum computing, has secured $18 million (A$26m) in funding to facilitate its expansion into international markets. The funding round was supported by various investors, including Breakthrough Victoria, which contributed $8 million, as well as Ultratech Capital, CSIRO VC fund Main Sequence, Investible, Rampersand, MA Financial, Jelix Ventures, and CM Equity.
Shift closes $27m series C equity raise
Australian business credit and payment platform provider Shift has secured AUD27 million in a Series C funding round, with Sequoia Capital Southeast Asia leading the investment.
The funding round follows a recent AUD140 million expansion in Shift’s debt funding capacity and coincides with a period of record growth for the company. Over the last three years, both funding and revenue have increased by more than 50 per cent.