Funding announcement
Women’s health data startup Ovum lands $4 million Seed round
Melbourne women's health app Ovum raised $4m Seed funding led by Admiralty Capital Group to expand AI-driven health data tools, valuing it at $18 million.
Investor · 1 deal
Medibank
Disclosed deals
Every published round Medibank 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 |
|---|---|---|---|---|---|---|
| Medinet | Unnamed stage | 21 Mar 2022 | $10m | Participant | Startup Daily (Mon 21 Mar 2022), Startup Daily (Thu 17 Mar 2022) |
Portfolio
Companies Medibank has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Medinet | 21 Mar 2022 | 1 | 0 |
Funds
Fund closes reported for Medibank, as distinct from the investments it has made.
Portfolio companies acquired
Companies Medibank has backed that another company then bought. An exit for the holding, not a deal Medibank did.
People
| Name | Role | Sources |
|---|---|---|
| Dr Andrew Wilson | CEO Health Services | Startup Daily |
Coverage
Stories naming Medibank. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Funding announcement
South Australian startup WorkSafe Guardian acquired by UK risk management software firm Ideagen
Ideagen, a British software company focused on workplace risk, has bought Adelaide-based WorkSafe Guardian, whose app protects staff working alone, handing backer Eastend Ventures an exit three years on; terms undisclosed.
7 deals
Five Aussie startups that raised $85 million this week
Roundup of five Australian raises totalling $85 million: National Renewable Network's Series A, plus Syenta, Cuttable, SprintSuite and Bitwise Agronomy, with lead investors and expansion plans for each.
2 deals
Cuttable tops up seed round with $4.5 million for AI ad platform
Melbourne adtech firm Cuttable has added $4.5 million to its seed round with Square Peg leading, taking total backing to $10 million and valuing the business at $44.5 million ahead of its US push.
Also Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily
3 deals
Three Aussie startups that raised $9.7 million this week
Weekly roundup of three Australian raises: adtech firm Cuttable's seed round, Fundabl's equity round and SeenCulture's funding, naming investors, plus new Cuttable co-CEOs and a board appointment.
Seed
$5.5m
Investment Notes: Cuttable AU$5.5m Seed
Square Peg announces its participation in Cuttable's AU$5.5 million seed round. The AI-powered advertising platform was founded by Jack White, Ed Ring and Sam Kroonenburg, and already works with major Australian brands.
Also Square Peg Capital portfolio·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·LaunchVic
Unnamed stage
$2m
Caregiver software start-up Circle In bucks dire investment trend for female-led start-ups, raises $2m in funding
Melbourne family-care benefits platform Circle In has closed a $2m round, adding Alberts Impact Ventures to existing private backers and LaunchVic's Alice Anderson Fund, while research highlights shrinking venture money for women-only founding teams.
Also Alberts Impact Ventures portfolio·Alberts Impact Ventures portfolio·Startup Daily·SmartCompany·Women's Agenda
12 deals
Ignition Lane's Weekly Wrap: The unicorn boom, valuations heading south, Meta faces legal squeeze
Ignition Lane's weekly roundup covers Linktree's unicorn raise, several Australian funding rounds, Tiger and Insight's new mega-funds, falling SaaS valuations, the ACCC's action against Meta, and new accelerator and product launches.
Unnamed stage
$10m
Medibank backs health startup Medinet with $10 million
Australian telehealth firm Medinet has landed $10 million from insurer Medibank Private for a minority stake, with the cash earmarked for platform development; the app earlier raised $3 million from angels.
Also Startup Daily
9 deals
BLAST OIF | Edition I
OIF Ventures' first portfolio newsletter: OIF Fund II closed above $100 million, plus recent raises at Go1, Circle In, Assignar, Arcade, Visionary Machines, Neara, Futurerent and Adventus.io.
Also OIF Ventures portfolio·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily
6 deals
YOU DESERVE A RAISE: The week's major startup funding rounds
A weekly roundup reporting several Australian and New Zealand startup raises, including Circle In, Equiem, HealthChase, RateIt, Swoop Aero and Tell Me Baby, plus startup funding via Mars and Antler programs.
Seed
$1.5m
Workplace parental support startup Circle In secures $1.5m seed investment
Circle In, a platform helping employers support employees through parental leave and working parenthood, has raised a $1.5 million seed round from Our Innovation Fund, with its founders and the fund's partner welcoming the partnership.
Series A
$4.6m
KPMG just backed legal automation startup Plexus in a $4.65 million Series A raise
A Melbourne legal automation company has closed a Series A round led by KPMG, with Aconex and Message Media founders also investing, while KPMG's law arm formed a strategic alliance with the startup.
Also SmartCompany·SmartCompany