Acorn Capital

Me&u takes on American Express and DoorDash as it eyes first profitable year

Me&u launches a new AI-powered reservations platform to compete with Resy and SevenRooms, targeting profitability in 2026 after merging with Mr Yum.

Verona Capital buys control of Dredge Robotics in 3.4x exit for Acorn

Perth family office Verona Capital has bought majority control of mining-robotics maker Dredge Robotics, giving early investor Acorn Capital a 3.4x return, while the founders retain significant stakes and stay in charge.

Four ANZ startups that raised $26.9 million this week

Weekly roundup of four ANZ raises: Conflux Technology's $11 million Series B, BuildPass's $7.5 million seed, Projectworks's US$5 million Series A alongside a CEO change, and DNAiTECH's NZ$1 million round.

Also Startup Daily

Conflux Technology secures $11 million in Series B round

Heat exchanger maker Conflux Technology has banked an $11 million Series B, fronted by Breakthrough Victoria's $5 million pledge and supported by AM Ventures and Acorn Capital, to speed product development and expand offshore.

Also Startup Daily·SmartCompany

Seven Aussie startups that raised $45.6 million this fortnight

Roundup covering seven Australian companies' recent raises — Splend, Rich Data Co, Slice, InvestorHub, Eyeonic, Graceview and Monty Compost Co — from fleet electrification finance to AI compliance and compost-monitoring seed rounds.

Leading AI decisioning platform provider Rich Data Co secures further $9 million in funding from Acorn Capital

AI decisioning firm Rich Data Co has landed $9 million from Acorn Capital, lifting its Series B to $37 million, as it pushes into North America after signing its first US bank customer.

Also SmartCompany

Canberra-born startup Liquid Instruments scores $15 million from Breakthrough Victoria

Victorian government-backed investor Breakthrough Victoria has put $15 million into Liquid Instruments, a maker of reconfigurable instruments expanding to Melbourne; earlier raises by Acorn Capital and Anzu Partners are also recalled.

Also SmartCompany

Nine Aussie startups that raised $233.5 million this week

Weekly roundup of nine Australian startups that together raised over $233 million, led by Hysata's $172 million Series B, with rounds also for V2 Digital, AgriWebb, Disco, Genero, Brainfish, Kite Therapy, Nucanon and Maslow.

Also Startup Daily·Business News Australia·Startup Daily

Acorn Capital Invests $6.5 million into Complexica, Pushing Total Funds Raised Past $31 Million

Venture investor Acorn Capital's $6.5 million investment in AI software vendor Complexica lifts outside backing past $31 million since 2021, adding the fund manager to an institutional shareholder register.

Also Startup Daily

The Week in AgriFoodTech: Restaurant order app me&u bagged $30m, Remilk approved for Israeli markets, biomaterials bonanza

Weekly roundup reporting me&u's Series C, several agrifoodtech fundraises across Europe, Danone's stake in Imagindairy, Remilk's Israeli approval, plus partnerships, launches and layoffs.

Also Forbes Australia·SmartCompany

Melt Ventures launches $20 million Advanced Manufacturing Venture Fund

Melt Ventures launched an advanced manufacturing venture fund expecting first close soon and targeting $20 million by March 2023; the piece also recalls earlier backing of Camplify, Gamurs, Greaseboss and other companies.

CTV Funding News - July 2022

Cut Through Venture's August update rounds up July 2022 Australian startup funding, listing raises from Mx51 to WeMoney, Startmate's newest cohort of twelve, and the beta launch of its investor search tool.

Also Techboard

HIVERY, mx51, Refundid, and more: Local startups raise over $100 million in recent weeks despite market fearmongering

A roundup of Australian startups that raised funds in recent weeks: mx51, Refundid, Storipress, HIVERY, InternMatch, upcover, Pearler and Loopit together secured over $100 million despite a cooling venture market.

Also Cut Through Venture

Fintech mx51 raises $32.5 million Series B for global plans

Payments company mx51 has closed a Series B round of $32.5 million with existing backers participating, after an undisclosed lead investor, and plans to expand in Australia and internationally.

Also Australian FinTech·SmartCompany·Cut Through Venture·Startup Daily

Marketplacer just raised another $38 million, says it's still thinking about an IPO

Marketplacer has banked a fresh $38 million injection from first-time and returning backers after a mooted 2021 float failed to proceed, with the money earmarked for growth in America and product development.

Also SmartCompany·Startup Daily·Techboard

Touchless tech startup Elenium Automation bags $10 million raise

Melbourne biometric access startup Elenium Automation raised A$10 million led by Thorney Investment Group with NRMA and Acorn Capital, and appointed Paula Dwyer as chair ahead of rolling out its Faceway product.