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.
GeoMoby raises $3 million
GeoMoby, a company focused on worker safety, has raised $3 million in funding. This funding will be utilised to develop further and expand the company’s technology and services to ensure the safety and well-being of workers in various industries.
The funding for GeoMoby was raised primarily from French companies and individuals, with additional support from existing shareholders and a strategic partner Agreement Hub. The raise also included a grant from METS Ignited, an Australian government-funded growth program. The company’s innovative solutions aim to improve worker safety and efficiency by providing real-time location tracking, communication, and emergency response capabilities.
Alii secures $2.5m pre-Series A raise
Alii, a technology startup, has achieved a $10 million valuation following a successful pre-Series A funding round. The company raised $2.5 million from investors, which will be used to develop its technology further and expand its customer base. The funding will be utilised to expand the company’s team, scale its product and technology, and accelerate its market penetration. This latest funding round brings the total amount raised by Alii to date to $4 million.
Morsl completes $5 million series a capital raise
Morsl, Australia’s leading self-service micro market, has successfully raised $5 million in a series A funding round. This latest round of funding increases Morsl’s valuation to $14.4 million as the company aims to accelerate its expansion plans.
The funding round was led by a cornerstone investment of $4.3 million from The Chapman Group, a Cairns-based family investment office with interests in tourism, real estate, and agriculture and a diverse portfolio of listed and private equity and venture capital investments.
actyv.ai raises pre-series a funding
actyv.ai, a Singapore-headquartered category creator in the enterprise SaaS with embedded B2B BNPL and insurance space, has raised a total of $12 million as part of a Pre-Series A funding round from 1Digi Ventures, Singapore, the family office of Raghunath Subramanian, Founder and Global CEO of the company. This includes an earlier tranche of $5 million from 1Digi Ventures in 2022. This will fuel global expansion, product enhancement, portfolio growth and talent acquisition.
Notch raises $10m in funding
Notch is a Toronto-based provider of a software platform that makes it simple to manage orders, reconcile bills and invoices and process payments. The company intends to use the funds to ramp up the sales and marketing teams and accelerate geographic expansion. In late 2022, Notch will release its AP manager solution to help restaurants move their supply chain payments online.
Seek AI raises $7.5m in pre-seed and seed funding
Seek AI, a New York-based AI-powered intelligent data solutions developer, raised $7.5M in Pre-Seed and Seed funding. The company intends to use the funds to accelerate product development. Seek AI uses complex deep-learning foundation models with hundreds of billions of parameters. The platform integrates with popular database vendors and collaboration tools.
No Meat Factory raises $42m in series b funding
No Meat Factory raises $42M in Series B funding. Vancouver, Canada-based plant-based alternative protein manufacturer raises funds.
The company intends to use the funds to expand its production footprint in North America, build out its manufacturing capabilities to service the global market, and make significant investments in its global research and development organization.