Ten Aussie startups that raised $39 million this week
Roundup of ten Australian startup raises totalling $38.8 million, topped by Heidi Health's Series A, also recording an Outstaffer executive appointment and the earlier sale of CarAdvice to Nine.
Investor · 2 deals
Every published round Spring Capital took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Aerotruth | Seed | 22 Dec 2022 | $1.3m | Participant | SmartCompany, Startup Daily | |
| Outstaffer | Unnamed stage | 25 Oct 2023 | $1.5m | Participant | SmartCompany, Startup Daily, Beachhead Venture Capital portfolio, Beachhead Venture Capital portfolio |
Companies Spring Capital has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Aerotruth | 22 Dec 2022, Seed | 1 | 0 | |
| Outstaffer | 25 Oct 2023 | 1 | 0 |
Fund closes reported for Spring Capital, as distinct from the investments it has made.
Companies Spring Capital has backed that another company then bought. An exit for the holding, not a deal Spring Capital did.
Stories naming Spring Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of ten Australian startup raises totalling $38.8 million, topped by Heidi Health's Series A, also recording an Outstaffer executive appointment and the earlier sale of CarAdvice to Nine.
Outstaffer, a Victorian HR tech platform, has secured $1.5 million from outside investors in a round co-led by its chief operating officer, funding product development and a planned US expansion.
Also SmartCompany
A year-end roundup listing six recent startup raises, giving amounts, lead investors and co-investors for Tic:Toc, 5B, Syenta, Vively, Aerotruth and Potiki, plus each company's stated plans for the money.
Partnership software maker Aerotruth has closed an oversubscribed seed round led by Archangel Ventures, with six other investors joining, to fund global growth and product development.
Also SmartCompany