RAC

Eight Aussie startups that raised $80 million this week

Weekly funding roundup covering eight local companies that together banked $80m, topped by twin $17m Series Bs at Safewill and Fresho, plus Celosia's $16.75m Series A and five smaller rounds.

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NDIS self-managed healthcare startup PlanCare pockets $2.5 million from Perth's new VC

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.

Purpose Ventures Makes Follow-on Investment In Plancare

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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Purpose Ventures closes $37M fund to invest in WA startups

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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WA Gov throws support behind three new VC funds in WA

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.

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WeMoney reaches maiden profitability milestone

The article reports WeMoney achieved its first profitability in late 2022, with strong revenue and user growth, and notes it may fundraise in 2023 after raising $9m to date from several backers.

Plus Eight announces the 6 startups it will invest in this year

Spacecubed's Plus Eight Accelerator has named six startups advancing to its final phase, giving them access to a $500,000 seed funding pool and a Demo Night pitch at December's West Tech Fest.

Motoring associations combine to nab EV charging startup Chargefox at $56 million valuation

Australia's motoring clubs, via Australian Motoring Services and led by the NRMA, have taken full ownership of EV charging network Chargefox in a deal reportedly worth nearly $30 million, valuing the business at $56 million.

BetterLabs Venture Fund portfolio increases to 22 startups after new investments

RAC's Perth-based BetterLabs Venture Fund has deployed more than $2.5 million across eight Australian startups in six months, including seed funding for Snackr, taking its portfolio to 22 investments and over $12 million.

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Snackr gobbles up $915K seed

Live-event food delivery app Snackr has raised a $915,000 seed round led by BetterLabs with Woodside Energy, Eastcourt Capital and Spacecubed Ventures, to grow across more Australian and UK venues.

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Gathered Here secures $1 million in funding and doubles valuation, as investors embrace death-tech

Death-tech startup Gathered Here raised $1 million led by Common Sense Ventures, with BetterLabs and Murray Bleach participating, doubling its valuation seven months after a $1.1 million seed round.

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Aussie startup Gathered Here raises $1.1 million for 'end-of-life tech'

Will-writing and funeral comparison platform Gathered Here has raised $1.1 million led by BetterLabs, with Luxem and angel Murray Bleach participating, to grow its team and charity bequest tools.

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BetterLabs invests $2.7M into WA startups

RAC's corporate venture fund BetterLabs has made four recent investments totalling over $2.7 million, backing three WA female-founded startups — The Volte, Digii Social and Hey Lady — plus US insurtech Waffle.

Complete Home Filtration raises $2.4M Series A

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.

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WeMoney bursts out of stealth mode with $2 million raise for platform boosting financial, and emotional, wellbeing

Perth fintech WeMoney has launched publicly with a $2 million round led by RAC's venture arm BetterLabs, joined by Full Circle VC and several angel investors, for its community-based money management app.

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2 WA entrepreneurs selected for Springboard

Water Filter company wins $292K Accelerating Commercialisation Grant

A Perth water filtration startup has developed technology that removes PFAS from household water, winning a federal commercialisation grant plus matching venture backing, with defence-site trials and certification now planned.

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RAC's BetterLabs announces 3rd investment: SpacetoCo

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.

BetterLabs Ventures announces its second investment

Perth household water filtration business Environmental Water Solutions receives seed funding from RAC-backed BetterLabs Ventures, the fund's second investment after Power Ledger, to expand marketing and commercialise PFAS-fighting filtration technology.

Also Startup News (WA)

How to pitch to BetterLabs Ventures

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.

How YOU can get BetterLabs to invest in your startup

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.