This weekly feature from Dynamic Business runs down the week’s top funding rounds from Australia, India and the US. Check out last week’s biggest funding rounds here.
ABGF invests $15m in WA-based HMC Group
Australian Business Growth Fund (ABGF) is investing $15 million in one of Western Australia’s leading Tourism Accommodation and Aviation services, The HMC Group. ABGF is building an investment pipeline of SMEs with $2 to $100 million in revenue, a proven business model and considerable growth potential.
ABGF will be a minority investor in the HMC Group, and the business will continue to be majority owned and managed by Western Australians.
Nine25 launches Equity Crowdfunding raise
First-to-market Salary Nine25, a streaming and budgeting platform, announced the commencement of its capital raising with Equitise, kicking off a $2.55 million round. Nine25 is a first-of-its-kind software-as-a-service platform that actively budgets for its users’ expenditures by employing authorization to live employment and banking data.
Abyss Solutions secures $15m co-investment
Abyss Solutions has announced that it will continue to scale and expand into new areas with the help of AirTree, which has doubled down with a $15 million co-investment with the Australian Retirement Trust. Abyss, founded in 2014 by four University of Sydney scientists and engineers, has continuously achieved +100% year-on-year growth over the last four years, extending into energy, agriculture, water infrastructure, and, most recently, space.
Sapia raises $17 million in Series A
Rest of the world
DispatchHealth raises over $330m in Debt and Equity funding
DispatchHealth raised over $330M in Debt and Equity funding. The equity round of $259M was led by Optum Ventures, with participation from Blue Shield of California, Humana, Echo Health Ventures, Questa Capital and Oak HC/FT. The company intends to use the funds further to accelerate its in-home, technology-enabled system of care.
The Applied AI Company raises $42 m in funding
The Applied AI Company builds products for the pharmaceutical, healthcare, safety and government sectors. The round was led by G42, A.R.M Holding, Plug and Play Investment Group and families in Europe and the MENA region. The company intends to use the funds to accelerate its growth in the US and Europe.
GoFreight raises $23 m in Series A funding
GoFreight provides cloud-based software for the global freight forwarding industry. The company intends to use the funds for further product advancements and team expansion. The round was led by Flex Capital and Headline, with participation from FX Venture Partners, Palm Drive Capital, Mucker Capital, Cornerstone Ventures, and Red Building Capital.
Celebal Technologies raises $32 m in funding
Celebal Technologies, a Jaipur, India-based software services company specializing in AI, Big Data, App innovation and Enterprise Cloud, raised $32 million in funding.
Redbrick ai raises us$4.6m in seed funding
RedBrick AI, a Michigan, MI- and Pune, India-based provider of a health-tech AI platform, raised US$4.6M in Seed funding.