Innovation Bay
Stories naming Kylie Gerrard. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Sydney event-tech startup Evatto has raised a pre-seed round led by Perth firm Purpose Ventures to build its platform and expand abroad, after going through Startmate's Summer 26 program under its earlier name Wiingman.
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Western Australia's government added $15 million to its WAVC fund-of-funds, committing $45 million across seven venture firms to back local startups; Purpose Ventures' fund closed at $55 million after backing My Mirror and SpacetoCo.
Perth backer Purpose Ventures has added follow-on money to WA care platform PlanCare, taking its seed funding to $2.5 million; the firm's $45 million fund has now backed four startups.
WA's Purpose Ventures has put more money into Plancare, a self-managed healthcare platform, lifting its cumulative backing to $2.5 million; the article also profiles the fund's founders, portfolio and history.
Also Startup Daily
WA venture firm Purpose Ventures has grown its debut fund to $45 million with an $8 million top-up from local backers and made its third investment, leading edtech startup IDEAcademy's $1.3 million raise.
WA education startup IDEAcademy has raised A$1.3 million in a round led by Purpose Ventures, whose debut fund has reached $45 million after adding $8 million in fresh commitments.
Kylie and Derek Gerrard's Purpose Ventures has closed $37m for its Western Australian startup fund, with WA investors, the Steinberg Family Office as cornerstone backer and state government operational support.
Also Startup Daily
Western Australia's government has selected three forming local early-stage venture funds, Purpose Ventures, Fund WA and Quokka Capital, for 100,000 dollars each in matched operational funding under its WAVES pilot.