Here’s a recap of recent funding developments from Australia, India, the US and beyond.
Main Sequence Ventures Backs Avarni with $2.5m in latest funding round
Main Sequence Ventures, the CSIRO VC fund, continues its support for Avarni, a carbon accounting software startup, by leading a $2.5 million fundraising effort. Brisbane early-stage fund Sprint Ventures and Afterwork Ventures also contribute to this initiative.
White Box Enterprises raises $12m
White Box Enterprises successfully secures $12 million from a group of High Net Worth investors and philanthropic foundations. The funds will be used to establish a non-profit commercial laundry in Byron Bay, generating employment opportunities for individuals facing disadvantage. Notable contributors include Richard Uechtritz, former CEO of JB Hi Fi, and the Ian and Shirley Norman Foundation.
Aerologix accelerates growth with $2m capital raise
Australian drone technology startup Aerologix announces a $2 million capital raise and the strategic acquisition of Brazilian mapping software company Mappa. Lindsay Phillips’ Nightingale Partners leads the funding round, reinforcing its commitment to Aerologix. Ellerston Capital also supports the company’s ambitious expansion plans.
MediCann Health secures $1.5m through crowdfunding
Medicinal cannabis company Medicann Health successfully raises $1.5 million through crowdfunding. The funds will be utilized to expand medicine inventory, introduce new products to the Australian market, establish a Cannabis Dispensary in Perth, and continue vital clinical trials focusing on Concussion, Parkinson’s Disease, and MND.