RentBetter raises $1.9m
RentBetter, a startup in the proptech industry, has successfully concluded its Series A funding round, raising $1.9 million. This latest injection of capital brings the company’s total raised funds to $3.2 million.
RentBetter offers landlords access to tools and services used by real estate professionals for leasing and managing residential properties, but at a more affordable price. The platform aims to target 5% of Australia’s $6 billion property leasing and management market by capitalizing on the increasing trend towards DIY property management.
Her Black Book secures $1.6m
After launching their premium Shopping & Discovery App, Sali Sasi and Julie Stevanja, the founders of Her Black Book, have successfully raised $1.6 million in an oversubscribed round within just three months. Their app has revitalized the retail space by offering a wide range of high-end, high-street, and accessible brand partners, delivering value and convenience to time-poor shoppers.
The equity round was led by businessman and investor Andrew Hagger, and it included investment from Touch Ventures, backed by Afterpay, as well as notable individuals in the tech and fintech industries. The company’s pre-launch capital raise valuation saw a remarkable 50% increase with this funding round.
AirTree spearheads $6.8 million seed funding cycle
AirTree and several strategic investors have backed Calven’s latest funding round, raising $6.8 million. The seed round was led by AirTree, while Michael Gonski, a partner in Herbert Smith Freehills’ employment law practice, and the Gonski family office were among the supporting investors.
Calven is a workplace experience platform that offers various features and capabilities to help organizations create, implement, manage, and measure future work policies and processes. This platform aims to enhance the employee and office experience, making it optimal for all involved.
FourthRev, an edtech startup, obtains $11.2 million in funding
Edtech startup FourthRev has secured $11.2 million in funding amidst the rapid transformation of businesses. The company, which has collaborated with over a dozen universities in Australia, the United Kingdom, and the United States, pioneered a new category of education called Career Accelerator last year. FourthRev anticipates a 225% increase in revenue this fiscal year and has expanded its global team by 50 members.
Zeller, the Australian fintech, achieves unicorn status
Zeller, the provider of fully integrated financial operating systems for business owners, is expanding its offerings following a successful Series B funding round that raised over $100 million, resulting in a valuation of more than $1 billion. Leading the investment was US-based Headline, with additional funds coming from Australian industry superannuation fund Hostplus, as well as returning investors including Square Peg, Addition, and Spark Capital.
With its rapidly expanding customer base, Zeller intends to use the funds to develop innovative new payment and business banking capabilities. The company already offers Australian business owners a comprehensive range of payment and financial services solutions.
Over $10 Billion in Funding Received by Australian Startups
In 2021, the funding received by Australian startups exceeded $10 billion, with close to 700 deals being made. This highlights Australia’s growing prominence as an innovation hub. The inaugural State Australian Startup Funding report shows that this amount is more than three times the total confirmed equity funding received by Australian startups in 2020 and surpasses the combined funding for 2018 through 2020.
