There’s been a flurry of funding offers introduced by Australian and Kiwi startups this week — from a Brisbane startup constructing superfast, hydrogen-powered planes to a Perth firm reworking seaweed right into a pure various to plastic.
Preserve studying to be taught extra in regards to the eight Australian and New Zealand startups that collectively raised greater than $113 million this week.
Hypersonix: $46 million
Brisbane-based aerospace startup Hypersonix Launch Methods has been backed by the federal authorities’s Nationwide Reconstruction Fund Company (NRFC) and the Queensland authorities’s funding arm in a $46 million Sequence A funding spherical.
Hypersonix is constructing reusable hydrogen-powered hypersonic plane that it claims can fly at 5 occasions the pace of sound and depart no carbon path.
The spherical was led by UK-based Excessive Tor Capital and included participation from the NRFC, the Queensland Funding Company, European defence agency Saab, and Polish space-tech investor RKKVC.
The NRFC contributed $10 million in what’s the fund’s first funding in Australia’s defence sector. Defence represents one of many NRFC’s precedence areas, stated NRFC CEO David Gall.
“We see big potential in backing Australian firms and improvements that construct our sovereign functionality whereas additionally tapping into the worldwide marketplace for hypersonic and counter-hypersonic capabilities amongst our pals and allies,” he stated in an announcement offered to SmartCompany.
ENA Respiratory: $34 million
Melbourne-based clinical-stage biotech ENA Respiratory has secured $34 million (US$22.4 million) in a Sequence B funding spherical because it prepares for the subsequent stage of testing for its virus-agnostic nasal spray, INNA-051
The spray is designed to assist the physique’s pure defenses in opposition to respiratory infections, together with influenza, RSV, rhinovirus, and coronaviruses. The remedy will quickly be examined in a neighborhood Section II trial.
As reported by SmartCompany, the Sequence B spherical was led by present buyers Brandon Capital and Uniseed, with participation from Stoic Enterprise Capital. The Gates Basis additionally participated within the spherical, which additionally included a beforehand introduced funding from Flu Lab.
ENA Respiratory was based in 2020 and is led by CEO Christophe Demaison, who informed SmartCompany the corporate is taking over a world problem.
“In Australia, round one in 4 folks stay with a power situation that will increase their threat of problems from widespread respiratory viral infections corresponding to influenza, COVID-19, RSV and the widespread chilly, and a whole lot of thousands and thousands extra face the identical dangers worldwide,” he stated.
Uluu: $16 million
Perth sustainable supplies startup Uluu has raised $16 million in a Sequence A funding spherical to assist it scale its expertise that may flip seaweed right into a pure plastic various.
The funding spherical was led by Germany’s Burda Principal Investments, with present investor Foremost Sequence as soon as once more backing the startup. The spherical additionally included contributions from Novel Investments, Startmate, and impression buyers and household workplaces, together with Fairground and Trinity Ventures.
Uluu’s superior fermentation course of is utilized to seaweed to supply supplies referred to as polyhydroxyalkanoates (PHAs), that are then extracted, collected and was pellets that can be utilized by packaging and material producers.
The startup, which was launched in 2021 by co-CEOs Dr Julia Reisser and Michael Kingsbury, has already partnered with Quiksilver to create a wax scraper for surfboards, and with sleepwear model Papinelle to create luxurious pyjama buttons.
With its new funding, it hopes to construct a business facility that’s able to producing 10 tonnes of PHA supplies yearly, to increase the marketplace for its product.
Human Well being: $8.5 million
Affected person care platform Human Well being has raised $8.5 million because it appears to be like to increase its international attain.
The spherical was led by new UK backer LocalGlobe, and supported by present buyers Airtree, Skip Capital, Aliavia and Scale Buyers, and a number of other angel buyers, together with Cricket Well being’s Arvind Rajan, former Kantar CEO Eric Salama and OIF’s David Shein.
The contemporary capital for the Sydney startup might be used for increasing attain in Human Well being’s present US and UK markets, deepening the platform’s intelligence in focus areas like girls’s well being, respiratory, ache, and autoimmune ailments, and funding Human Proof, a platform serving to researchers be taught straight from affected person information, which they will contribute anonymously.
Founders Kate Lambridis and Georgia Vidler met at Canva, the place the previous was a senior product supervisor and the latter head of product. In 2022, they closed the largest seed spherical for an all-women-founded Australian startup, at $10.15 million.
Greater than 200,000 sufferers within the US, UK, Canada and past have already logged 20 million-plus well being actions (now 40,000 every day) on the Human Well being, which Lambridis says is the lacking layer between sufferers and drugs — a care administration platform that learns from their experiences and coverings.
Learn extra on Startup Each day.
SecurePII: $5 million
Melbourne compliance and information privateness startup SecurePII has raised US$3.5 million (AU$5 million) in seed funding.
The spherical was led by Sydney VC Tidal Ventures.
SecurePII was based by Jason Thals, Haydn Faltyn and Invoice Placke, self-confessed skiers, mountain climbers, soccer gamers, cyclists, marathon runners, campers, golfers, paragliders and travellers who’re “into motorbikes, sports activities vehicles, woodwork, Lego, science fiction, Pink Floyd and strolling within the rain” in addition to beer brewing.
In addition they have deep experience in cloud communications, information compliance, and large-scale software program supply, spinning SecurePII out of cloud communications firm BroadSource in early 2025.
PII stands for personally identifiable info, and the startup’s cloud-native experience is initially targeted on the PCI (fee card business) and the brand new PCI DSS (information safety customary), launched in March, which has stricter necessities for a way delicate fee information is saved, dealt with, and guarded for firms storing name recordings containing cardholder info.
Learn extra on Startup Each day.
Huckleberry: $1.84 million
New Zealand voice-based 360 suggestions platform Huckleberry has raised NZ$2.1 million (AU$1.84 million) in pre-seed funding.
The spherical was led by US VC Oregon Enterprise Fund, with assist from Archangel Ventures, plus US and NZ founders, together with Mineral CEO Nathan Christensen, TradeMe’s Rowan Simpson and M-Com’s Serge Van Dam.
Huckleberry permits folks to speak moderately than taking notes, giving suggestions to teammates. The unreal intelligence-augmented platform listens, guides and delivers sensible recommendations in minutes, changing lengthy surveys and different suggestions strategies to make it really feel extra like speaking to a private AI govt coach.
The funding might be used to speed up product improvement, advance Huckleberry’s AI fashions, increase the crew, and develop in its key markets in america, Australia and Aotearoa.
Aaron Ward, of Maori descent, beforehand based buyer expertise platform AskNicely. He based Huckleberry earlier this yr with Auckland-based Diogo Böhm, the engineering and AI improvement lead.
Learn extra on Startup Each day.
StrongRoom AI: $1.2 million
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Pharmacy software program startup StrongRoom AI has raised $1.2 million in new funding because it seeks to reposition itself, following a authorized dispute between its former administration and buyers.
In keeping with the AFR, the funding has come from rich particular person pharmacy homeowners, healthcare non-public buyers, aged care operators and hospitals.
Pharmaceutical entrepreneur Joe Zhou acquired StrongRoom AI from directors in June, following a dramatic collection of occasions following the corporate’s $17 million increase in March, which was led by EVP at a $70 million valuation.
Ten days after the increase was introduced, EVP launched authorized motion to get better its funds, and StrongRoom’s board positioned the corporate in voluntary administration. Authorized proceedings in opposition to former administrators of the corporate are ongoing.
The AFR studies StrongRoom AI plans to make use of the brand new funding for product improvement, transitioning to a cloud platform, and increasing the corporate’s business partnerships within the pharmacy and aged care sectors.
Tala Thrive: $500,000
Australian-founded psychological well being startup Tala Thrive this week revealed particulars of a beforehand undisclosed $500,000 pre-seed increase.
The spherical was accomplished on the finish of 2024, following a profitable crowdfunding marketing campaign that raised £220,000 (AU$443,600 on the time of writing) when founder Sonia Kaurah was based mostly in London.
Tala Thrive, which is within the strategy of transferring its operations again to Melbourne, presents culturally responsive psychological well being care and training companies.
The platform connects shoppers with therapists and coaches who both share or deeply perceive their cultural background, language and lived experiences.
