News | 5 Companies That Raised Millions In January

Jan 17, 2023

Daniel Hale

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    Contrary to popular belief, it’s not all doom and gloom… We’re two weeks into 2023, and 5 Australian startups are already making raising millions in their funding rounds.

     

    1. OpenSolar raised a $22 million Series B round led by Telstra Ventures.
      – OpenSolar provides solar professionals with a software tool that services their end-to-end needs, from marketing and lead management to solar system design, sales, installation, and service.
    2. Loose Cannon raised $12 million in Series A funding led by De Novo Ventures.
      – Created a hands-free walk-talkie replacement for outdoor adventurers named Milo.
    3. Aussie Angels raised $1.4 million in a seed round led by Euphemia.
      – Aussie Angels lets Angels join leading investors funding the next wave of world-changing startups.
    4. Alii has raised $2.5 million led by Brisbane private wealth fund Maranello Capital.
      – Alii straddles fintech, edtech, and regtech to deal with accounts payments in schools.
    5. Vedi has raised $3 million led by MSD Animal Health and New York VC Companion Fund.
      – A technology company that supports the veterinary industry by providing a patient-centric health platform that connects animals to their veterinary data.

    The startup ecosystem is expected to grow and thrive this year, not only in terms of funding but also by seeing an increasing number of large-scale international tech companies setting up offices in Australia.

     

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