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Funding roundup November 2 – November 11: Kara tech, Kyte, Amagi and more

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.

Business Basics Grants program opening soon

The Queensland Government has launched Round 4 of the $5 million Business Basics Grant program, demonstrating its continued support for the small business sector. 

From 9 a.m. on November 24, eligible small businesses (including non-employing and micro businesses, as well as new and emerging businesses with fewer than 20 employees and a turnover of less than $300,000 in the previous fiscal year) will be able to register their interest in applying for a $5,000 grant.

$1 million boost to produce next-gen entrepreneurs

The University of Wollongong (UOW) has been awarded $1 million in funding from the NSW Government to establish two signature programs focused on creating next-gen entrepreneurs. The funding will establish two new programs to support entrepreneurship in the Illawarra region.

Kara Technologies raises NZ$1.3m

New Zealand-based Kara Technologies today announced the close of its Seed funding, securing NZ$1.3m from leading investors in Australia and New Zealand, including Investible, Te Pae ki te Rangi, Quident Ventures, Icehouse Ventures, and Startmate.

Tecala receives $18 million investment

Tecala Group announced a strategic partnership with business investment specialist Armitage Associates, which involves an $18-million investment in Tecala, to support a planned national growth strategy and extend the company’s ability to serve clients across Australia’s mid-market sector.

Zitcha raises $4.7 million Seed round

Zitcha, an advertising platform, has raised $4.7 million in seed funding led by local VC OIF Ventures. The software platform enables retailers to sell advertising space to suppliers so that they can market to their customers directly.

Darwinium has raised $15.6 million in a Seed round

Online fraud prevention startup Darwinium has raised US$10 million (A$15.6m) in a Seed round led by local VCs Blackbird and Airtree.

DataFarming has raised $500k in a pre-Series A round

DataFarming, a Queensland-based agtech startup, has raised $500,000 in a pre-Series A round led by Sydney VC Investible. DataFarming, founded in 2017 by serial entrepreneurs Tim and Peta Neale, helps agronomists and farmers unlock the value of farm data.


Adams Street closes fifth co-investment fund with more than $1.3 billion of capital

Adams Street Partners, LLC, a private markets investment management firm with more than $52 billion of assets under management, announced that it had completed fundraising for its Co-Investment Fund V, closing the oversubscribed program with more than $1.3 billion of committed capital.

Contraline raises $7.2 million in funding

Contraline raises $7.2M in funding to develop long-lasting, non-permanent contraception for men. ADAM is designed to occlude sperm flow through the vas deferens for a predefined period of time. The company intends to use the funds to advance in-human clinical trials.

Kyte raises $60 million in Series B funding

Kyte, a San Francisco-based company that delivers cars on demand for daily, weekly or monthly use, raised $60m in Series B growth equity financing. The round brings Kyte’s total funding to approximately $300m across equity and debt. The company intends to use the funds to triple its current fleet and expand in new markets globally.

Amagi raises over $100 million in funding; valued at $1.4 billion

Amagi raised over $100M in funding. The investment brings its valuation to $1.4 billion. The company intends to use the funds to strengthen its customer support infrastructure. Clients include ABS-CBN, A+E Networks UK, beIN Sports, Curiosity Stream, Warner Bros. Discovery, Fox Networks, Fremantle, Gannett, Gusto TV, NBCUniversal, Tegna, and Vice Media.

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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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