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Funding roundup October 22 – October 28: Greener, ReciMe, Psylo 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.

Australia

Cleantech startup Greener raises $4 million 

Greener has raised a strategic $4M AUD Series A funding round, accelerating its move towards building the Green Economy. The funding raise led by NAB Ventures, with participation by RealVC, backs Greener and its purpose to reduce carbon emissions and be the driving force in painting our economy green.

Since its inception, Greener has partnered with brands such as Microsoft, T2 Tea, Afends, Scoop Wholefoods, Brew Dog, Huskee, and Go for Zero to form a coalition of brands driving Australia towards carbon neutrality.

ReciMe raises $500,000 in pre-seed funding

ReciMe, a social cooking platform to share & discover recipes from around the world, has secured a total of $500,000 in pre-seed funding from the Alice Anderson Fund, NZ VC Even Capital and angel investors including Jodie Imam, Co-Founder of Tractor Ventures.

Fitness app Steppen raises $1.65 million Seed round

App for fitness Steppen has acquired $1.65 million in seed funding to help Generation Z in developing healthy habits. The most recent round was led by Sydney VC Galileo Ventures, with participation from female founder-focused VC Flying Fox and LaunchVic’s Alice Anderson fund. 

Anthony Eisen of Afterpay and the Jagen family office also contributed. Steppen was formed in late 2020 by Cara Davies, 23, and Jake Carp, 22, who met in high school.

Biotech startup Psylo raises $5 million Seed round

Psylo, a preclinical biotech company, has raised $5 million in seed funding to treat mental diseases using naturally occurring psychedelic substances. The new funding comes a year after the Sydney-based business emerged from Startmate’s winter 21 cohort with the first $1.1 million in money from investors such as Airtree’s Daniel Petre in a round led by Chris Hitchen’s global micro-VC fund Possible Ventures.

ANDHealth and LaunchVic Partner on new $1.4m Digital Health Accelerator

ANDHealth has received $1.4 million in financing from LaunchVic to launch a new accelerator programme for high-growth potential digital health firms. 

The ANDHealth Activate programme, uniquely supported by LaunchVic, will offer a nine-month curriculum-based approach to assist Victorian digital health firms in becoming investment and enterprise-customer ready. 

The programme will be based at the Victorian Connected Health Innovation and Commercialisation Centre (CHICC) in Melbourne, which was established with a $2.4 million grant from the Victorian Government in September.

US

CloudPay raises $50m in funding

CloudPay has raised a new $50 million round of capital. The company intends to use the funds to continue to advance its end-to-end enterprise global pay offering. Earlier this year, a new partnership with Visa Direct was announced, enabling fast, secure salary payments to any debit or credit card.

OpenWeb raises $170m in Series F funding at $1.5 billion valuation

OpenWeb, an NYC-based premium community engagement platform, raised $170M in Series F funding. The round, led by Georgian, brings its total valuation to $1.5 billion. The company intends to use the funds for continued expansion as it grows from 100+ million active monthly users.

Lama AI raises $9m in Seed funding

Lama AI, a New York-based business banking technology provider, raised $9M in Seed funding. The company intends to use the funds to unlock credit opportunities for small-medium businesses. The round was co-led by Viola Ventures, and Hetz Ventures, with participation from Foundation Capital, and SixThirty.

India

Investmint Raises $2M 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.

DevOps Modernisation Startup Devtron raises $12 m

Devtron, a startup for DevOps modernisation, has raised $12 million in a new investment round led by Insight Partners. In addition to other angel investors, Leo Capital participated in the investment round. Using Devtron’s low-code platform, customers can easily connect, accelerate deployment and automate their CI/CD (continuous integration/continuous delivery) pipelines.

SaaS Unicorn Icertis raises $75 Mn funding

Icertis, a unicorn SaaS company, has raised $75 million through debt financing. The news comes ten months after Icertis received money from the largest SaaS company in the world, SAP, for an undisclosed amount. Icertis is a cloud-based firm that provides solutions for enterprise contract administration.

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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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