Here’s a recap of recent funding developments from Australia, India, the US and beyond.
Rich Data Co Secures $28m in Series B Round
AI decisioning platform Rich Data Co (RDC) has successfully raised $28 million in its Series B round, led by Westpac and cloud banking leader nCino. The funds will accelerate RDC’s expansion into North America and further establish its position as a global AI decisioning platform in the banking sector.
Happenco Closes $12m Fund to Support Early-Stage Startups
Australian venture investment firm Happenco concludes its first fund, raising $12 million to empower early-stage startups. Led by industry experts Ben Cheyne, Gideon Gut-Silverman, and Omar Varts, the fund aims to support bold companies with backing from reputable family offices and professional investors.
EnvisionVR Raises $2.6 mfor Global Expansion
Pioneering proptech startup EnvisionVR secures $2.585 million in funding for its innovative mobile platform revolutionizing virtual reality experiences in the off-the-plan real estate industry. The funding will propel EnvisionVR’s global expansion after successfully showcasing and selling over $500 million worth of property.
WLTH Secures $14m Investment for Impactful Lending
Digital lender WLTH secures a $14 million investment through an alliance with Rajomon Investment Firm and Kina Bank. This strategic move facilitates WLTH’s acquisition of Mortgage Mart, expanding its loan book beyond $1.5 billion and solidifying its position as a top impact lender in Australia.
Soho.com.au Hits $20m Valuation with Feedback Ventures Investment
AI-powered real estate discovery app Soho.com.au achieves a $20 million valuation following an equity investment by Singapore venture capital fund Feedback Ventures. Soho.com.au, founded by Airtasker co-founder Jonathan Lui, employs artificial intelligence to personalize real estate searches, earning its nickname as the ‘Tinder for Real Estate.’
Adyen Launches Capital for Australia Platform Customers
Global financial technology platform Adyen introduces Capital, a product providing timely access to funding for small and medium-sized businesses (SMBs) in Australia. This initiative allows Adyen for Platforms users to offer business financing to their SMB clients based on historic payments data, simplifying access to funds with a fixed fee structure.
Birchal Seeks $3m in Its Own Crowdfunding Campaign
Crowdfunding platform Birchal, known for facilitating capital raises for various ventures, including brewers and medicinal cannabis startups, aims to raise $3 million in its second campaign on its own platform. Since its launch in 2018, Birchal has facilitated over 100 capital raises, totaling $190 million.