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This weekly feature from Dynamic Business runs down the week’s top funding rounds from Australia. 

Magicbrief secures $2m in pre-seed funding

In a pre-seed funding round led by Nick Crocker at Blackbird VC in conjunction with Archangel Ventures, MagicBrief has secured AUD$2M in investment to hire its founding team and refine its first product offering. Other investors include Zach Klein, the founder of Vimeo, Matt Miller founder of UsTwo, Tim Doyle founder of Eucalyptus, Alex Badran founder of Spriggy, and Craig Piggot founder of Halter.

Zhik raises $2 million via Equitise

Sydney-based company Zhik has successfully concluded its inaugural crowdfunding campaign, raising over $2 million and achieving a valuation of just under $30 million. The campaign saw a partnership between Zhik and prominent platform Equitise, with substantial support from both customers and renowned figures in the sailing community, including Australian Sailing Team Hall of Fame Master coach Victor Kovalenko. Notable participants in the campaign included vitamins mogul Marcus Blackmore and long-time supporter Nightingale Partners, who have backed Zhik since 2013 and played a pivotal role in the fundraising efforts.

Brisbane EV charging startup with $5 million Series A

In Brisbane, an EV charging startup focused on fleet energy management and AC charging for electric vehicles (EVs) has secured $5 million in a Series A funding round. The startup, named EVOS, was founded by three former employees of Queensland-based fast charging company Tritium, which is listed on Nasdaq.

Proptech Inspace has raised $6 million

Proptech firm Inspace has successfully raised $6 million in a Series A funding round for its virtual inspection software platform designed for commercial property promotions. The funding round was co-led by B Capital, founded by Facebook co-founder Eduardo Saverin, and local venture capital firm Our Innovation Fund (OIF), an existing investor. Investible also participated in the round. Inspace had previously raised $4 million in a pre-Series A funding round in October 2021, led by OIF, with support from Aconex co-founder Leigh Jasper, Investible, and Artesian.

Sherlok raises $3.4 million

South Australian fintech company Sherlok has raised $3.4 million in funding to enhance its customer retention solutions specifically aimed at helping mortgage brokers secure better home loan deals for their clients. The funding round was led by venture capital firm Rampersand, with participation from Investible and its Club Investible syndicate, supported by Paloma and Common Sense Ventures.

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Yajush Gupta

Yajush Gupta

Yajush is a journalist at Dynamic Business. He previously worked with Reuters as a business correspondent and holds a postgrad degree in print journalism.

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