Allectus Capital

Eight Aussie startups that raised $118.8 million this week

Weekly roundup of eight Australian funding rounds, led by Samsara Eco's $100m Series A extension; Diraq, 1Breadcrumb, Aquila, NRN, Klean, Bearhug and Sindy Labs also secured capital, and Klean won a Queensland grant.

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‘Record demonstration’: Dark horse in quantum race passes new milestone

Quantum computing startup Diraq announced record qubit control fidelity and chip-making partnerships with GlobalFoundries and IMEC; the piece also recounts its Quantonation-led Series A, early Allectus backing, and PsiQuantum's government funding.

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Quantum computing startup Diraq boosts Series A with an extra $23 million

Diraq, a Sydney-based quantum computing startup, has raised a US$15 million Series A-2 extension led by Quantonation, with UNSW and John Higgins Family Investments participating, adding to US$20 million raised at its 2022 spin-out.

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Quantum leap: Diraq secures an extra $23 million in Series A

Diraq has added $23 million to its Series A in a Quantonation-led round, with Higgins Family Investments and UNSW also taking part, on top of the $30.6 million raised earlier.

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Mist closes $1.6 million seed round for student relocation service app

Mist, a Sydney app for relocating international students and migrants, has secured seed backing from Investible, Allectus Capital and other investors to launch its services.

Proptech Listing Loop lands $2.1 million to kick off Series A

Melbourne proptech Listing Loop has banked $2.1m toward its Series A, led through Allectus Capital with more commitments pending, and recently bought negotiation firm Hello Haus.

Pin Payments checks out

Perth-founded payments firm Pin Payments has been bought by London-based Checkout.com for an undisclosed sum, exiting founders and Allectus Capital; Checkout.com also bought Process Out in February.

Aussie startup FloodMapp raises $1.3 million for tech reducing “catastrophic” impact of flooding

A Brisbane flood-prediction company has secured seed capital from four venture firms and private backers to grow its technical team and expand across Australia and the United States, its co-founder explains the journey.

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Adarga closes £5M Series A funding for its Palantir-like AI platform

A UK artificial intelligence startup has secured a five million pound Series A from a Sydney-based investor, with the piece also recalling the investor's earlier backing of several companies and another firm's large raise.

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The team behind Barbeques Galore just raised $20 million in series A funding for a children’s online tutoring business

Cluey, Mark Rohald's online tutoring venture for schoolchildren, has secured $20 million in Series A backing from Allectus Capital and Thorney, bringing its total funding to $31 million.

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Edtech raises $20 million for platform transforming tutoring — less than a year after go live

Tutoring technology company Cluey Learning has secured a twenty million dollar Series A round led by two investors, with its founding investment firm also participating, to grow its platform and team.

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Fintech Waddle raises $4 million as it gears up for international banking partnerships

SME lender Waddle has raised a $4 million Series A from Allectus Capital to scale ahead of bank partnerships, having previously secured a $50 million wholesale debt facility.

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