Entrepreneur in Residence, RAC
Stories naming Derek Gerrard. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Australian startup Enrola has banked seed funding to scale its AI sales agent after pivoting from an education marketplace, with a new growth head joining.
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On the House, a Brisbane startup founded by a Startmate alumna, has secured $1.7 million in a Purpose Ventures-led seed round to expand its ad-funded dispensers offering free period products nationally.
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Perth AI course-creation platform Coursebox has raised a $750,000 seed round from Purpose Ventures, the ninth deal from the WA-backed fund; both founders previously went through the Plus Eight accelerator.
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 VC Purpose Ventures led My Mirror's $4 million round for its telehealth psychology marketplace, with Roger Allen among backers; funds target product development and New Zealand expansion. SpacetoCo raised $2 million.
Andromeda Robotics secured $3 million in seed funding from Purpose Ventures, which led the deal, to grow its aged-care companion robot Abi; Galileo Ventures provided an earlier pre-seed in 2023.
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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.
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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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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.
Perth water filtration firm Complete Home Filtration closed a $2.4 million Series A, with BetterLabs Ventures reinvesting and Tasmanian investor Andrew Sypkes joining, to fund expansion and its PFAS-removing Attapure technology.
Perth motoring club RAC has expanded its BetterLabs Ventures seed fund to $23 million after strong early demand, letting it back startups beyond seed into Series A and B rounds.
Also Startup News (WA)
Perth space-sharing startup SpacetoCo has received an equity investment from RAC-backed venture fund BetterLabs Ventures, its third deal, having earlier won Shark Tank backing from Steve Baxter and completed the Plus Eight accelerator.
Five startups join the 2019 Plus Eight Accelerator, run by Spacecubed with muru-D, offering seed funding, mentoring and a Silicon Valley trip; the teams have just returned from San Francisco, visiting alumni Humm at Skydeck.
A Perth investor explains what his RAC-backed seed fund seeks in startups, describing its application process, deal sizes and criteria, and naming the energy blockchain company as its first investment.
RAC-backed BetterLabs is seeking WA startups for its $3 million seed fund, writing cheques of $100k to $500k per deal, and has previously invested in Power Ledger.