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.
LaunchVic to invest $3.1 million to support startup growth in Victoria
A new $3.1 million investment in three world-class accelerator programmes by LaunchVic will help to accelerate the growth of up to 160 Victorian startups. ANDHealth, Antler, and Climate Salad will each receive up to $1.4 million in funding to help startups get the investment and support they need to scale. ANDHealth will assist Victorian HealthTech startups.
Antler, a global venture capital firm, will invest in Victoria to expand its presence. Climate Salad will also receive $1.4 million to launch a Global Impact Incubator and catalyse $2.4 million in investments in sustainability startups. The funding provided by LaunchVic will cover operational costs and allow for an $800,000 investment in participating startups.
Samsara Eco raises $54 million in Series A
Samsara, a Sydney-based startup, has raised $54 million in a Series A funding round. The startup uses plastic-eating enzymes to infinitely recycle waste.
Returning backers Main Sequence, W23 of the Woolworths Group, and the Clean Energy Finance Corporation (CEFC) Innovation Fund provided funding for Samsara Eco’s raise, along with new backers Breakthrough Victoria, Temasek of Singapore, Assembly Climate Capital, DCVC, and INP Capital.
Lyka locks in $30 million in series b funding
Disruptive pet wellness start-up, Lyka Pet Food, has raised $30 million in Series B funding through equity and debt. This round was led by Itai Tsidon, a lead investor in other success stories such as Frame.io, Forter, and Gcash.
The funding news is expected to reverberate throughout the pet wellness industry due to Lyka’s innovative fresh pet food subscription service that is changing the game and lives of Aussie dogs.
Icertis secures $150 million
Icertis, the contract intelligence company that pushes the boundaries of what’s possible with Contract Lifecycle Management (CLM) announced it had secured $150 million in funding comprised of a revolving credit facility and convertible financing from Silicon Valley Bank.
The funds will enable Icertis to further extend the company’s leadership position in the burgeoning CLM category by accelerating the application of transformational technologies like artificial intelligence, machine learning, and Blockchain to deliver material, unique, and consequential value to customers.
ReciMe just chowed down on $500,000 in pre-Seed funding
ReciMe, a social sharing cooking app, has raised $500,000 in pre-Seed funding to help its users share and discover recipes from around the world. The Alice Anderson Fund, LaunchVic’s female-focused co-investment fund, and Tractor Ventures cofounder Jodie Imam are among ReciMe’s backers and NZ VC Even Capital.
Gen Z fitness app Stepppen raises $1.65 million Seed round
Fitness app Steppen has raised $1.65 million in Seed funding to help Gen Z build healthy habits. The latest round was backed by Sydney VC Galileo Ventures, with support from female founder-focused VC Flying Fox and LaunchVic’s Alice Anderson fund. Startmate also invested after Steppen was successful on its second attempt and was accepted into last summer’s cohort.
Logiwa Closes Series B Funding with New $10M investment
Logiwa, a Chicago, IL-based cloud fulfilment platform for high-volume direct-to-consumer (DTC) and omnichannel businesses, completed its Series B funding, closing a $10M second round of investment.
meez raises $11.5 million in Series A funding
meez, a New York-based provider of a digital professional recipe tool, raised $11.5M in Series A funding. Craft Ventures led the round, with Struck Capital, FJ Labs, AME Cloud Ventures, Moving Capital, Max Mullen, Lenny Rachitsky, Mike Montero, Bobby Lo, Austin Rief, Louis Beryl, James Beshara, Allison Pickens, and Todd & Rahul Fund also participating.
Vaxess Raises $27 million in Series B funding
Vaxess Technologies, a Cambridge, MA-based life sciences company developing a sustained-release vaccine patch, raised $27M in Series B funding. RA Capital Management led the round, with participation from MIT’s The Engine, Mission BioCapital, and Global Health Investment Corporation.
The funds will support the company’s recently launched phase 1 trial for the H1 influenza vaccine delivered by VX-103.
Investmint raises $2 million in seed funding
Investmint, a Bengaluru, India-based provider of signal-based trading and investing platforms, raised $2M in Seed funding. The round was led by Nexus Venture Partners, with participation from other angel investors.
The company intends to use the funds to expand its product, engineering, and quantitative research teams to create a retail investing product.
Skyroot Aerospace raises $51 million in funding
Skyroot Aerospace, a Hyderabad, India-based space-tech startup, raised US$51M in Series B funding. The round was led by GIC. As part of the investment, Mayank Rawat, Managing Director of GIC India Direct Investment Group, will join Skyroot’s Board.