Startups are driving innovation across Australia and New Zealand, and the latest funding announcements showcase the diverse and ambitious tech ecosystem powering the region.
Here are the top funding highlights of the week:
Fresho secures AU$17m in series B funding
Fresho, an Australian order management platform for the fresh food industry, has successfully closed a $17 million Series B funding round, bringing its total investment to $50 million. The round was oversubscribed and saw contributions from both new and existing shareholders, including Geoff Tarrant, co-founder of Payapps.
Taly raises $500,000 in pre-seed funding
Melbourne startup Taly has secured $500,000 in pre-seed funding to transform how businesses use personality data for better decision-making. The funds will help expand its AI capabilities and extend its platform across Australia, New Zealand, and Canada.
Visibuild Secures $6.6 Million in Funding
Melbourne-based construction tech scale-up Visibuild has raised $6.6 million in its first funding round, led by Australian private investment firm Skip Capital. The funding will be used to fast-track Visibuild’s product development, focusing on improving construction efficiency, quality assurance, and sustainable building practices.
MGA Thermal secures additional $200,000 in pre-series B funding
Clean energy startup MGA Thermal has raised an additional $200,000 in pre-Series B funding, bringing its total funding to $14.15 million. The Hunter Valley-based company is focused on developing energy storage technology using its proprietary MGA Blocks to absorb and store renewable power.
Telehealth platform My Mirror raises $4 million for mental health care
My Mirror, an online platform offering telehealth psychology services, has raised $4 million in funding. Led by Perth’s Purpose Ventures, the round aims to expand the platform’s services to meet the growing demand for accessible mental health care.
Small businesses’ top priorities for additional funding
A survey from OnDeck Australia reveals how small business owners would spend additional funding. While many would invest in their businesses, others would use the funds to take a well-deserved break or upgrade equipment. The survey shows that 41.7% of owners would use the money to cover unforeseen costs while away, while 18.3% would invest in new technology or equipment to reduce downtime.
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