MD, Microsoft
Stories naming Emily Rich. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Woolworths, via its Healthylife arm, led telehealth firm Hola Health's $6m Series A at a $70m valuation, with M8 Ventures and FundWA backing; the Perth company raised $4.5m a year earlier.
Flowing Bee, which applies psychology and AI to marketing decisions, has picked up $1.6 million in pre-seed money from Archangel Ventures and several other backers.
Also SmartCompany·SmartCompany
SeenCulture, a workplace platform, has secured $1 million in a pre-seed round from Alice Anderson Fund, M8 Ventures, InterValley Ventures and Torus, having earlier joined Techstars' first Sydney cohort with Cut Through Angels backing.
Also SmartCompany·SmartCompany
Psylo, a Sydney maker of psychedelic therapies, has landed a US$8 million seed round led by Tenmile while moving to the US; earlier raises in 2022 and 2021 are recalled.
A weekly roundup detailing five raises across Australia and New Zealand: Marmalade, Cauldron, Prophet, Hola Health and Buddy, naming amounts, lead backers and founders.
Perth telehealth firm Hola Health has banked $4.5 million in a pre-Series A round led by M8 Ventures with FundWA and angels; M8 partner Emily Rich takes a Hola Health board seat.
Hola Health, a Perth-based on-demand telehealth and pharmacy delivery provider, has banked $4.5 million at pre-Series A with M8 Ventures heading the round, FundWA and angels also in; Emily Rich joins the board.
Weekly tech wrap: cloud-market trends, Tiger Global's cheques into Stake, Shippit and Carma, new VC funds, several acquisitions, grocery delivery startups Send and Quicko collapsing, and Elaine Stead joining M8 Ventures.
Also Startup Daily
Analysis arguing that despite eye-catching raise headlines during COVID-19, deal counts fell sharply in early 2020, with experts citing portfolio protection, pipeline deals rushing to close, and media amplification.
Alan Jones explains that M8 Ventures is pausing its first fund raise and putting the partnership into sleep mode during pandemic uncertainty, citing weak traction with wealthy backers outside tech circles.