FUNDED May 2022

Welcome to Techboard's latest update on Australian Startup funding news for May 2022. ... we keep track of everything so you don't have to. We have just added 137 completed, open and future funding events to the Techboard Platform, taking us to over 5000 funding events. We have also just broken 5000 published company profiles on the Techboard Directory. 

Paying subscribers can use our Funding Event Search Engine to access all of our startup and tech funding data by ten variables. 

This month we have captured a total of 137 funding events, 112 of which are completed, with another 34 open or future rounds. We identified 102 unique funders/investors and added 48 new investors to our database taking the total number of funders on the Techboard platform to 1963.

May's funding levels recovered slightly from the amount we captured in April 2021, with Private/VC funding up from $467m to $485m. Significantly, the no of private/VC deals recovered significantly from April, with 71 deals up from the 29 captured in April. Across all funding types we captured $833m from 95 funding events.

While there is undoubtably a slowdown in Private/VC funding from the lofty heights seen in the latter part of 2021 carrying into early 2022, what is happening with private funding right now may be following the trend we have seen in the first half of 2021 where we saw a slowing from February with a recovery in the latter part of H1. This was followed with an upward trend beginning in April and continuing across the rest of 2021 (including some major drops in August and October).

There are a number of factors that may have impacted investor confidence here in Australia, ranging from the War in Ukraine, to the Federal Election to unease in US tech investment. It should however be noted that there is a record amount of dry powder held by Australian Venture capitalists and there does not seem to be a slowing down in those firms building their teams to enable them to make and manage more investments. With any luck (?) will we see a repeat of the trend from the latter part of 2021?

So what happened in May 2022?

Who’s been FUNDED?

The month’s megadeals (>$50m)

Carma Online used car platform Carma closes a big $75m Series A raise led by General Catalyst Partners. Read more...
Shippit Logistics tech startup Shippit closes a $65m Series B extension for a $300m valuation. Read more...
Regrow Saas agtech startup Regrow Ag closes a $50m Series B round from leading American investors. Read more...

Acquisitions
Australian Life Tech B2C fitness and nutrition platform 28 has been acquired by myDNA for $71m. Read more...
Vai Photonics Navigation tech startup Vai Photonics has been acquired by Advanced Navigation for $40 million. Read more...
Oneflare Airtasker acquires Oneflare for $9.8m. Read more...
Mining and Process Solutions Minetech startup Mining and Process Solutions has been acquired by Czech multinational Draslovka. Read more...

IPOs

Chrysos Chrysos lists on the ASX with a $183.5m raise. Read more...
Ringers Western Outback clothing brand Ringers Western is looking to list on the ASX with a $20m IPO. Read more...
RLF AgTech RLF AgTech lists on the ASX with an $8.5m raise and a $37m valuation. Read more...

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

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

Airtasker Airtasker closes a $6.25m placement to aid its acquisition of Oneflare. Read more...
Ankere Therapeutics Biotech startup Ankere Therapeutics closes a $10m Seed raise co-led by IP Group and Brandon Capital. Read more...
Aurabox Medtech saas startup Aurabox has secured $500k in Seed funding from angel investors. Read more...
beHub 11 startups have been accepted into the 2022 LuminaX Health Accelerator. Read more...
Bio-az 11 startups have been accepted into the 2022 LuminaX Health Accelerator. Read more...
BioScout Artesian Ventures invested into 4 startups in April. Read more...
Blinq Digital business card startup Blinq closes a $5m Seed round led by Blackbird and Square Peg. Read more...
Clear Dynamics AI startup Clear Dynamics closes a $35m Series B raise. Read more...
Cloudwerx Salesforce consulting business Cloudwerx has secured $7m in funding from CVC. Read more...
Contactile Robotics startup Contactile has announced a $3.5m Seed round led by Silicon Valley based True Ventures. Read more...
Convo Ink Content marketing startup Convo Ink has secured $1.5m in funding in a Seed round led by 3C Capital and M2 Capital. Read more...
Cortical Dynamics Three startups were awarded a share of almost $900k as BioMedTech (BMTH) Round 4 recipients. Read more...
CuriousThing AI-voice-bot startup Curious Thing secures $7m in Seed funding. Read more...
Cyban Medtech startup Cyban secures $5.25m in Series A funding. Read more...
DataCo Technologies Data sharing platform DataCo Technologies secures an undisclosed sum from ANZ's 1835i. Read more...
Disputify Disputify, a refund fraud detection platform for ecommerce companies startup closes a $2.55m Seed round. Read more...
Dreamspace Brisbane Angels invest another $104k into Dreamspace. Read more...
Drink West Brewer Drink West closed its oversubscribed ECF with Birchal by raising $2m from 1145 investors. Read more...
EBev EBev secures $810k in an oversubscribed ECF funding round via VentureCrowd. Read more...
Eden Brew Eden Brew has raised $5m in their current $20m round. Read more...
Eduvidd 11 startups have been accepted into the 2022 LuminaX Health Accelerator. Read more...
Elula Real estate platform PEXA acquires a 25% stake in fintech Elula for an undisclosed sum. Read more...
Family Zone Family Zone completes a $42m placement to acquire US-based Qustodio. Read more...
Felix Construction software business Felix completes a $6.4m placement with InEight investing $2.75m. Read more...
Fempro Protective Clothing 11 startups have been accepted into the 2022 LuminaX Health Accelerator. Read more...
Fliteboard Electric foiling surfboard maker Fliteboard closes a Series B round led by the Smorgon Family. Read more...
FLKItOver Real estate document-signing platform FLKItOver has raised $2.13m in Series A funding. Read more...

Other funding events for our paid subscribers: Our paid subscribers get access to many more funding events on the Techboard Platform  

News from Funders

Property fund manager EG wants to double their $100m proptech fund. Read more...
EVP is raising $100m for its fourth fund. Read more...
SecondQuarter Ventures is close to securing $100m in commitments for its second fund. Read more...
Archangel Ventures secures $12m in nine days for their ESVCLP fund. Read more...
HCF invests $5m into the new wellness and sport-focused XT Ventures High Performance Fund I. Read more...
LaunchVic is investing in more accelerators, up to $2m each. Read more...
LaunchVic and VicHealth launch pre-accelerator program CivVic Labs to tackle health issues facing young people in Victoria. Read more...
Researcher Exchange and Development within Industry (REDI) Fellowship program run by MTPConnect is offering up to $250k Grants for medical technology, biotechnology and pharmaceutical startups. Read more...
The SpaceHack hackathon is offering a $10k cash prize for startup ideas that tackle climate change via space. Read more...

Who’s Looking for Funding?

(Sample only .. subscribe and see more)
OpenPay BNPL startup OpenPay announces a $2m SPP raise closing on 11 July. Read more...
LINE Hydrogen Cleantech startup LINE Hydrogen has reached their minimum ECF target with Birchal. Read more...
QuickFee B2B fintech QuickFee announces a $500k SPP closing on 15 June. Read more...
Read more...
Hoopsy Eco pregnancy test kit startup Hoopsy is seeking expressions of interest for their upcoming ECF with Microwd. Read more...
ROKT ROKT is looking to go public in 2023. Read more...
Aura Buy Invest Donate Fintech Aura Buy Invest Donate is seeking expressions of interest for their ECF campaign with Birchal. Read more...
Australian Glow Ethical suncare brand Australian Glow is seeking expressions of interest for their ECF campaign with Birchal. Read more...