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.
Chronicle banks $7.5 million from Accel & Square Peg
Chronicle, the presentation platform, has secured a funding of $7.5 million from a group of angel investors working with top tech giants. Accel and local VC Square Peg spearheaded the investment round. The group of angels includes professionals from Apple, Google, Meta, Slack, Stripe, Superhuman, OnDeck, and Adobe.
DataMesh Group has raised $30 million in a Series A
DataMesh Group, a payments software scale-up, has raised $30 million in a Series A funding round. NAB Ventures led the round, with participation from Deutsche Bank, ANZ’s VC arm, 1835i Ventures, Wunala Capital, Fifth Estate, and Peregrine Corporation. NAB Ventures had previously invested $12 million in a pre-Series A raise in late 2021.
Partnar banks $200,000 Seed round
Partnar, a B2B marketing partnerships platform, has raised $200,000 in a Seed investment from Melbourne-based early-stage VC Skalata Ventures. The startup aims to connect businesses and brands for collaborations amidst rising costs and decreasing reliability from online advertising.
Digital connectivity receives $3.5 million funding boost
NSW Telco Authority’s Next Generation Digital Connectivity initiative has received $3.5 million in funding to provide critical connectivity solutions during disasters, enhance technology, and keep communities connected. The NSW Government is partnering with select businesses to trial different connectivity solutions for emergency services, government agencies, and the community.
Aeroseal Raises $30M in First Close of Series B Funding
Aeroseal, a Dayton, Ohio-based climate tech company, raised $30M in Series B funding. The company intends to use the funds for expansion beyond buildings into gas pipelines and into new geographic markets. Since 2010, the company has sealed more than 260,000 buildings around the world saving billions of dollars in energy savings.
Spreetail Raises $208M in Funding
Spreetail, a Lincoln, NE-based ecommerce accelerator for manufacturers, raised $208M in funding. The company intends to use the funds to enhance technology efficiencies and support brand partner growth. The investment follows the acquisition of Buy Box Experts – a performance marketing agency with a deep-seated history of driving brand success on Amazon.com.
Australian Business Growth Fund’s total investments exceed $100m
The Australian Business Growth Fund (ABGF) has surpassed $100 million in total investments following its first investment announcement of 2023. ABGF has invested $15 million into Derwent Industries Group, an advanced metal manufacturer based in Australia that services critical infrastructure projects and key industries such as water, mining, rail, and defence. This investment brings ABGF’s total investments across the portfolio to $100.5 million.