Dynamic Business brings you the key startup fundraising from this week:
Hapana Secures $17 Million for Global Expansion and New Platform Launch
Hapana, a leading software-as-a-service platform for gyms, group fitness studios, and franchises, has raised $17 million in a funding round led by Australian venture capital firms OIF Ventures and Bailador. The funds will be used to fuel Hapana’s global expansion, particularly in the U.S. and Asia-Pacific regions, and to launch its next-generation platform, enhancing its innovative capabilities in the fitness industry.
Kinoxis Therapeutics Raises $14.5 Million in Series B for Mental Health Solutions
Sydney-based biotechnology startup Kinoxis Therapeutics has secured $14.5 million in a Series B funding round to further its work on treatments for behavioral and psychological symptoms in conditions such as dementia and substance abuse. The funding was led by Uniseed and UniSuper, with participation from Stoic VC, Avicella Capital, and other investors.
MenuAid Rebrands as Appetise After Raising NZ$4 Million
New Zealand’s meal planning and grocery shopping app MenuAid has rebranded as Appetise following a successful NZ$4 million (A$3.6 million) pre-Series A funding round. The raise, led by Icehouse Ventures and OIF, will support the transition to a free consumer app model, with a focus on leveraging data for B2B marketing insights in the food and beverage industry.
CodeRabbit Secures $16 Million in Series A
CodeRabbit, a platform that automates code reviews using AI, has raised $16 million in a Series A funding round led by CRV, with additional backing from Flex Capital and Engineering Capital. The funds will be used to expand CodeRabbit’s product offerings, with a particular emphasis on integrating enhanced security and vulnerability analysis tools.
Aglow Raises $1.25 Million to Innovate Beauty Services
Aglow, a subscription-based beauty membership platform, has raised A$1.25 million in a funding round led by Icehouse Ventures. Supported by Timely founder Ryan Baker and Tyro co-founder Peter Haig, Aglow aims to revolutionize the beauty services industry by focusing on improving the supply side through its innovative platform.
LaunchVic Injects $2.4 Million into New Early-Stage VC Funds
LaunchVic has allocated $2.4 million in grants to seed eight new early-stage venture capital funds, each receiving $300,000. The funds, which include Australian Medical Angels, Ecotone Partners, and Era VC, will establish operations in Victoria, with the aim of supporting the local startup ecosystem. Victoria Treasurer Tim Pallas announced the initiative at the Victorian Startup Gala, as part of LaunchVic’s VC Support Program.
Consensus Raises $11.5 Million to Expand AI-Powered Scientific Search Engine
Consensus, an AI-powered search engine focused on scientific research, has raised $11.5 million in a Series A funding round. The company plans to use the funds to expand its operations and business reach, capitalizing on its rapid growth since launching in 2022.
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