RAC

Eight Aussie startups that raised $80 million this week

Weekly funding roundup covering eight local companies that together banked $80m, topped by twin $17m Series Bs at Safewill and Fresho, plus Celosia's $16.75m Series A and five smaller rounds.

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NDIS self-managed healthcare startup PlanCare pockets $2.5 million from Perth's new VC

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.

Purpose Ventures Makes Follow-on Investment In Plancare

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.

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Purpose Ventures closes $37M fund to invest in WA startups

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.

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WA Gov throws support behind three new VC funds in WA

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.

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WeMoney reaches maiden profitability milestone

The article reports WeMoney achieved its first profitability in late 2022, with strong revenue and user growth, and notes it may fundraise in 2023 after raising $9m to date from several backers.

Plus Eight announces the 6 startups it will invest in this year

Spacecubed's Plus Eight Accelerator has named six startups advancing to its final phase, giving them access to a $500,000 seed funding pool and a Demo Night pitch at December's West Tech Fest.

Motoring associations combine to nab EV charging startup Chargefox at $56 million valuation

Australia's motoring clubs, via Australian Motoring Services and led by the NRMA, have taken full ownership of EV charging network Chargefox in a deal reportedly worth nearly $30 million, valuing the business at $56 million.

BetterLabs Venture Fund portfolio increases to 22 startups after new investments

RAC's Perth-based BetterLabs Venture Fund has deployed more than $2.5 million across eight Australian startups in six months, including seed funding for Snackr, taking its portfolio to 22 investments and over $12 million.

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Snackr gobbles up $915K seed

Live-event food delivery app Snackr has raised a $915,000 seed round led by BetterLabs with Woodside Energy, Eastcourt Capital and Spacecubed Ventures, to grow across more Australian and UK venues.

Also Startup Daily·Startup News (WA)

Gathered Here secures $1 million in funding and doubles valuation, as investors embrace death-tech

Death-tech startup Gathered Here raised $1 million led by Common Sense Ventures, with BetterLabs and Murray Bleach participating, doubling its valuation seven months after a $1.1 million seed round.

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