FUNDED October 2022

So it is under six weeks to Christmas AND as an early Christmas present we have another edition of FUNDED covering October 2022.  Just like Techboard reported in September, October has seen a big jump in private funding. For October we captured $661m from 99 announced deals up from $498.3m from 52 deals for September.  This is the second month in a row which appears to suggest we are seeing a recovery in funding levels, with monthly funding in both dollars and deals reaching levels near the beginning of the last major growth phase we experienced in early to mid 2021 (see chart below). Taking into account all funding types we captured 146 completed funding events totalling $890m and another 25 open and future funding events.

October has seen the return of multiple megadeals of greater than $50m (three this month compared to September's one), including a US $100m raise by Airwallex. We have also seen a jump in large by sub $50m deals, with a more than doubling of private investments between $10m and $50m from 9 to 19. In all things do appear to be looking up. We will be publishing a more detailed analysis of the December Q in January. For our breakdown of the September Quarter see last month's FUNDED.

The trend of funds raising continues with Square Peg, announcing a $861m close on a new fund, brining funds announced for the month to just shy of $1b, noting of course (spoiler alert for November) that Blackbird announced a $1b new fund early in November.

So what happened in October 2022?

Who’s been FUNDED?

The month’s private megadeals (>$50m)
Airwallex Airwallex, the fintech unicorn, closes a US$100m raise. Read more...
Catheon Gaming Hong Kong, Australia-based Catheon Gaming, a blockchain gaming startup, has raised US$55m.  Read more...
Viridios Capital Viridios Capital, a sustainable fintech company, closes a $55m Series B raise led by Roc Partners. Viridios Capital could be described as a Hybrid technology company with the raise funding both investments in carbon offsetting projects and in its SAAS data offering. Read more...

Other Significant Raises 
Nourish Ingredients Nourish, an alternative meat startup, closed a $45.3m Series A raise. Read more...
Household Capital Household Capital, a retiree management fintech, closed a $37.6m Series C raise. Read more...
EstimateOne EstimateOne, a construction tech growth company, closed a $35m funding round. Read more...
Dabble Sports Dabble Sports, a Gen Z sports betting startup, has received a $33m investment from Tabcorp for a 20% stake. Read more...
SunDrive Solar SunDrive, a solartech startup, closed a $21m Series B raise. Read more...
Lyka Pet Food Lyka, the pet food startup, closes a $30m Series B raise with a mix of debt and equity. Read more...

Acquisitions
My Net Zero My Net Zero, a climate advisory tech platform, has been bought out by LiveTiles for $10m Read more...
Mr Bright Mr Bright, a teeth whitening eCommerce startup, has been acquired by Wellness Life for $1.5m. Read more...
StrangeLove StrangeLove, a soft drink startup, has been acquired by Asahi for an undisclosed sum. Read more...
Playup Playup, an online betting startup, has been acquired by IG Acquisition Group to list on the NASDAQ next year. Read more...
Opentrader Opentrader, an online trading platform, has been acquired by rival Marketech. Read more...

Listed Company raises (sample only)
Seeing Machines Seeing Machines, a driver distraction tech growth company, secures a $101m strategic investment from Magna International. Read more...
FBR FBR, the bricklaying robot maker, completes a $20m Placement. Read more...
Neurotech International Neurotech, a biotech startup, completed a $9m Placement. Read more...
Wellnex Life Wellnex Life, a health supplements startup, completes a $6.2m Secured Convertible Note facility. Read more...
Radiopharm Theranostics Radiopharm Theranostics, a biotech startup, completes a $10m Institutional Entitlement Offer. Read more...

IPOs
Bridge Bridge, a saas startup, completed a $4.5m IPO on the ASX. Read more...

Pre-IPOs
No raises were flagged specifically as Pre-IPO

Other Funding Events (VC/Private, Public(ASX), ECF, Debt, Grants/Awards)
(This is just a sample of the deals we have captured - paying subscribers get a more complete list + full searchable access to all funding data captured by Techboard since 30 July 2017).
AgriWebb AgriWebb, the livestock management software startup, closed a $10m top-up round. Read more...
Amber Electric Amber Electric, a renewable electricity startup, closed a $13.5m Series B extension. Read more...
ARC Ento Tech ARC Ento Tech, a mixed solid waste processing startup, closed a $2m Seed raise. Read more...
Your Mates Brewing Co Your Mates Brewing Co has raised $2.5m from 1015 investors in ECF with Birchal. Read more...
Catalyst Technologies iluminr, a gamified cybersecurity startup, closes a $4.2m Seed raise. Read more...
MediCann Health MediCann, a medicinal cannibas startup, completed an ECF and raised $1.09m. Read more...
CIM CIM, a green property operations software platform, received investment from Investible. Read more...
Clipboard Clipboard, an edtech software startup, closed a $3.1m Seed raise. Read more...
DIY Blinds DIY Blinds, an eCommerce startup, secured $15m in funding to be valued at $100m. Read more...
EatClub EatClub, a restaurant ordering startup, raised $1.7m in an unannounced Seed round back in 2017. Read more...
Emmi Emmi, a carbon risk management startup, received investment from Investible. Read more...
Evolt IOH Evolt IOH, a body composition scanning startup, closed a $12m funding round. Read more...
Fluidity Money Fluidity Money, a DeFi startup, closes a $1.3m Seed raise. Read more...
Fundabl Fundabl, a fintech lending startup, closed a $16m debt and equity round. Read more...
Gamurs Gamurs, an esports and gaming media startup, closed an $18.5m Series C raise. Read more...
Greener Greener, a cleantech startup, closes a $4m Seed raise led by NAB Ventures. Read more...
GVDP GVDP, a wearable devices startup, closes a $3m Seed raise. 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

LaunchVic has provided $1.4m to ANDHealth. Read more...
LaunchVic has provided $360k to Antler. Read more...
Antler is raising $60m for a new fund. Read more...
Breakthrough Victoria has launched their $10m Solar Waste Challenge. Read more...
LaunchVic has provided $1.4m to Climate Salad. Read more...
Flinders University has received $10.1m from the Australian Government to support defence manufacturing startups. Read more...
The Queensl;and Government announces $24m of funding for a new Enterprise Acceleration Fund. Read more...
SecondQuarter Ventures raises $83m for its second fund. Read more...
Square Peg Capital closes a new $861m fund. Read more...
UpsideDAO has raised $5m on the blockchain to invest into startups. Read more...
The WA Government has announced a 3-year pilot program to boost funding for WA startups. Read more...

Who’s Looking for Funding?

(sample only... we just picked up too many)

InstantScripts InstantScripts, a telehealth startup, is looking to be acquired. Read more...
Fat Zebra Fat Zebra, an eCommerce payments fintech, is planning to raise up to $100m. Read more...
Songtradr Songtradr changes its Series E target from $235m to $52m. Read more...
Beston Global Food Company Beston Global Food Company, an agtech company, has commenced a $25m Rights Issue. Read more...
Hemideina Hemideina, a hearing devices startup, is considering a $20m Series B raise in 2023. Read more...
ATOMOS ATOMOS, a videotech startup, has commended a $12.7m Rights Issue. Read more...
Aegros Aegros, a blood plasma biotech startup, has opened a $10m Pre-IPO raise. Read more...
AVet Health AVet Health, a vet medicine startup, has opened a $10m funding round. Read more...
EatClub EatClub, a restaurant ordering startup, is raising up to $10m in Series A funding. Read more...
GVDP GVDP, a wearable devices startup, is planning to raise $10m in 2023. Read more...
Smileyscope Smileyscope, a VR healthtech startup for children, are raising a further $9.1m in Pre-seed funding. Read more...
Camplify Camplify, the camper booking platform, has commenced an $8.5m Placement. Read more...
Vitable Vitable, a vitamin subscription startup, has opened a $6m Series B round. Read more...
Radiopharm Theranostics Radiopharm Theranostics, a biotech startup, has commenced a $4.5m Retail Entitlement Offer. Read more...
Beston Global Food Company Beston Global Food Company, an agtech company, has commenced a $3m Placement. Read more...
Tanggram Tanggram, a wealth management startup, is seeking EOIs for a $2m ECF raise with Birchal. Read more...