FUNDED APRIL 2022

Welcome to the April 2022 edition of FUNDED, our latest update on Australian Startup funding news... we keep track of everything so you don't have to. This is the second time that we have published FUNDED at the same time that we have imported the funding data to the Techboard platform where our paying subscribers can access all 4952 funding events we have captured since 2017. Paying subscribers can use our Funding Event Search Engine to filter that data by ten variables. We have recently added in Funding Event Status to address yet to be closed or rounds or future funding rounds as well as completed rounds.

This month we have captured a total of 154 funding events, 104 of which are completed, with another 50 open or future rounds. 

The level of funding we have captured in April is significantly down from what we captured in March. The total amount raise via VC/private investment dropped by more than 50% from just under $1.079b dollars to $467m with deal volumes captured dropping from 83 deals in March to 29 in April. This decline was across all deal sizes other than $50-$100m, which increased by one deal but this was more than offset with a reduction in deals over $100m.

Public funding also dropped although reported debt funding and equity crowdfunding both saw small increases. April however was a month for acquisitions with nine being reported with a total reported value of $761m.

 

In case you missed it check out the

AUSTRALIAN STARTUP FUNDING BULLETIN March Q 2022

Find out more about FUNDED. While the list below is lengthy it is far from the complete list of what we capture. For access to our full data capture, sorted, catalogued and full searchable, inquire about a data subscription.

So what happened in APRIL 2022?

Who’s been FUNDED?

The month’s megadeals (>$50m)

Splend Vehicle subscription startup Splend closes a $150 million raise. Read more...
Skedulo Secured investment from QIC managed investment fund Read more...
Stake Online trading platform Stake has completed its $90 million Series A funding from Tiger Global and DST Global Partners with another $50 million in funding. Read more...

Acquisitions

Instaclustr Canberra tech platform startup Instaclustr has been acquired by NASDAQ listed NetApp for at least $500 million. Read more...
Realbase Domain is raising $180m to acquire the real estate campaign management platform Realbase. Read more...
Render Networks IFM set to acquire a controlling stake in construction saas startup Render Networks. Read more...
LVLY Flower and gift delivery startup LVLY has been acquired by Limitless Technology for $35 million. Read more...
SHEQSY Unicorn SafetyCulture acquires worker safety app SHEQSY for $6 million. Read more...
Price My Car Price My Car is set to be acquired by CarExpert for $4 million. Read more...
ActivePipe Real estate lead nurturing platform ActivePipe has been acquired by US based MoxiWorks for an undisclosed sum. Read more...
Fleetsu Perth Angels backed fleet management startup Fleetsu has been acquired by Rand McNally. Read more...

IPOs

HALO Technologies Fintech developer HALO Technologies lists on the ASX with a $36.1 million raise. Read more...
Microba Life Sciences Medtech Microba Life Sciences lists on the ASX with a $30m raise and $123 valuation. Read more...
RLF AgTech RLF AgTech lists on the ASX with an $8.5 million raise and $37 million market cap. Read more...
Banxa.com Aussie crypto payments processor Banxa listed on the Toronto Stock Exchange in January 2021. Read more...

Other Funding Events (VC/Private, Public(ASX), ECF, Debt, Grants/Awards)

(This is just a sample of the deals we captured in April - paying subscribers get a more complete list + full searchable access to all funding data captured by Techboard since 30 July 2017).

Alyte Alyte, the fitness app for non-gym-goers secures $3 million in Pre-seed funding. Read more...
Archa Non-bank business credit card startup Archa secures $4 million in Seed and $20 million in debt funding. Read more...
AuditCover Insurance distribution platform startup AuditCover secures $1.7 million in Seed funding. Read more...
BioCina Biotech startup BioCina has been awarded a $3 million Cooperative Research Centres Projects (CRC-P) Grant from the Australian Government. Read more...
Birchal Birchal secures $3 million in ECF using its own platform. Read more...
Canopus Networks AI analytics software startup Canopus Networks closed a $10 million Series A late last year. Read more...
Canopy Study AI edtech startup Canopy Study has secured $1.1 million in seed funding led by Folklore Ventures. Read more...
Capsifi SaaS startup Capsifi receives $11 million in funding from the Australian Business Growth Fund Read more...
ChefPrep Meal delivery marketplace ChefPrep has raised $3 million in a Seed round led by Artesian Ventures and Global Founders Capital. Read more...
ChefPrep Meal delivery marketplace ChefPrep raised $1.25 million in funding last year in an unannounced angel round. Read more...
Consultmed Healthtech startup Consultmed closes a $1.2 million Seed round. Read more...
Directo Pharmacy B2B marketplace Directo has closed a $2.3m Seed raise. Read more...
EQL Product launch platform EQL stops bots from sweeping the floor and secures $25m in funding. Read more...
Genex Power Renewables company Genex Power raises $7m SPP. Read more...
Hero Packaging Eco mailer startup Hero Packaging successfully raised $1.5 million via its ECF with Equitise. Read more...
K2fly Maptek has acquired a 13.2% stake in mining software company K2fly for $4.05 million. Read more...
LVLY Flower and gift delivery startup LVLY has been acquired by Limitless Technology for $35 million. Read more...
Lygon Bank-founded blockchain startup Lygon closed a $12.75 million Series A raise. Read more...
Metakey Amex of the meta-world startup Metakey has secured $3.5 million in Seed funding from Animoca Brands and Mark Carnegie. Read more...
PayRight BNPL fintech Payright secures $9.5 million in funding from FinCap. Read more...
Reach Alternative Investments Private investment platform Reach Alternative secures $2.2 million in funding from Carthona and Antler. Read more...
Render Networks IFM set to acquire a controlling stake in construction saas startup Render Networks. Read more...
Reputation DAO DeFi startup Reputation DAO secures $6.72 million in Seed funding. Read more...

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Other funding events for our paid subscribers: Our paid subscribers get access to another 11 funding events in FUNDED and the full dataset with an extra 48 funding events from April on the Techboard Platform  

News from Funders

174 East Digital Asset Capital Management has raised $665 million to invest across three funds. Read more...
LuminaX VentureCrowd launches LuminaX, a $10 million Healthtech fund based on the Gold Coast. Read more...
Rampersand Rampersand raises $40 million from a number of investors including the Smorgon family. Read more...
Side Stage Ventures Side Stage Ventures wants to invest $10 million into Aussie startups before then end of the year. Read more...
Blackbird Ventures Blackbird plans to create a new $1 billion fund in the coming months. Read more...
Mercury Capital Mercury Capital is raising $1 billion for its fourth fund. Read more...
OneVentures OneVentures is raising $100 million for its new fund. Read more...
Our Innovation Fund OIF is raising $100 million for its third fund. Read more...
Perth Angels Perth Angels are looking for startups in need of investment. Read more...
Aura FAT Projects Acquisition Corp Aura FAT Projects Acquisition Corp successfully closes a US$115million Nasdaq SPAC IPO. Read more...
VicHealth LaunchVic and VicHealth are looking for 15 startups to award $10k each for their new CivVic Challenge. Read more...
Western Australian Government West Australian Health and Medtech Innovation Seed Fund is open for grants of up to $500k. Read more...
KPMG KPMG is offering a $100k prize for a high-impact eco-startup through their Nature Positive Challenge. Read more...

Who’s Looking for Funding?

(Sample only .. subscribe and see another 14 )

T-shirt Ventures Healthtech startup T-Shirt Ventures is seeking up to $40 million in Series A funding. Read more...
Janus Electric Electric truck startup Janus Electric is seeking a $10.3m raise. Read more...
BYKKO E-mobility platform BYKKO is ups its Seed raise from $5 million to $10 million. Read more...
CarExpert CarExpert is seeking a $10 million Pre-IPO raise to acquire Price My Car. Read more...
Lygon Fintech Lygon is seeking a $10 million Series A raise. Read more...
BuyersCircle Social e-commerce platform BuyersChoice is seeking $7.5m from investors to scale. Read more...
Cannaponics Renewable medicinal cannabis startup Cannaponics is currently raising through VentureCrowd. Read more...
Drink West Brewer Drink West is raising $5 million via ECF and private investment. Read more...
Mercurien Fleet-as-a-service startup Mercurien is raising a $5 million Series A. Read more...
Motum Simulation Motion simulation company Motum Simulation is seeking a $5 million Series A raise. Read more...
Shebah Female rideshare platform Shebah is back in business and in a $5 million Pre-IPO. Read more...
Price My Car Price My Car is set to be acquired by CarExpert for $4 million. Read more...
Capricorn Power Angel funded Capricorn Power is now raising $3 million in Seed funding. Read more...