Dynamic Business brings you the key startup fundraising from this week:
NSW announces $500,000 grants for space tech
NSW has unveiled a new grant program to support the commercialization of space technologies and elevate the state’s space sector globally. The NSW Space+ Program offers $500,000 in funding to advance NSW’s space capabilities and foster strategic partnerships.
The program aims to showcase NSW’s growing space industry at the International Astronautical Congress (IAC) in Sydney in September 2025. Administered by SmartSat CRC, the initiative is open for applications. For more details and to apply, visit SmartSat CRC.
Language I/O raises $5m in funding
Language I/O is a leader in AI-powered, multilingual customer support technology. The company intends to use the funds to expand operations and its development efforts. With real-time, business-accurate translation technology, the company helps enterprises serve their customers in over 150 languages.
Fundabl secures $3.2 million
Business lending fintech Fundabl has raised $3.2 million in an equity round to boost its venture debt services for startups. Founded by Ethan Singer and David Salkinder in 2021 and launching in March 2022, Fundabl previously raised $16 million in equity and debt in October 2022. The new funding, from family offices and strategic investors including Matt Leibowitz of Stake, will support portfolio expansion, product development, international growth into New Zealand, and enhance team and marketing efforts.
Earlybird AI raises A$1.21 million in pre-seed funding
Earlybird AI uses AI and voice technology to transform how employment support is delivered to frontline workers. Backers included Google for Startups, Impact Shakers, Resolution Ventures, Ada Ventures, Syndicate Room’s Access (a data driven super angel fund), Lightbulb Trust, and a range of women angel investors.
Cuttable nets $5.5 million in seed round
Sam Kroonenburg, co-founder of A Cloud Guru, has launched Cuttable, an AI-driven adtech platform, securing $5.5 million in Seed funding. Cuttable, akin to “Canva-for-ads,” offers automated content marketing solutions. Kroonenburg, now co-CEO with Jack White from Melbourne’s Sunday Gravy, and Ed Ring, formerly of Swisse, head the team. The Seed round, led by Square Peg with contributions from Rampersand and industry strategists, will drive the platform’s development.
SeenCulture raises $1 million in pre-seed round
SeenCulture, a talent management platform for the workplace, has secured $1 million in a pre-Seed round supported by LaunchVic’s Alice Anderson Fund. Founded in 2023 by psychologist Nikki Tugano, SeenCulture aids in making equitable and efficient decisions regarding promotions, performance reviews, and team design.
The platform, already serving over 1,500 users including Atlassian and Culture Amp, is set to enhance its offerings with this new funding.
Queensland METS sector thrives with QuantumTX Innovation
Queensland’s METS sector is showcasing its innovations at the QuantumTX Accelerator Showcase. Minister for State Development Grace Grace highlighted over $10 million in government investment since 2017 to support the sector.
The QuantumTX 2024 Queensland METS Technology Incubator Program provides $25,000 in training and resources to participants. Brisbane and Mackay are noted as key hubs for mining technology, addressing issues like labor shortages, decarbonization, and supply chain resilience.
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