Startups

Women's healthtech startup Femtek has raised $1 million to propel the development of its cycle-tracking product – the Basal Body Ring.

Over the course of a decade, just 3.9% of $1.2 billion in funding has gone to student-led startups with a team of women founders. Mixed-gender startups received 1.8% of funding.

Subletting startup turned girls-only club Kiki is now officially subletting again after the company's controversial pivot back in January.

SmartCompany can now confirm that one of Finder's 60 redundancies was the CEO of the Australian arm, Chris Ellis.

The Queensland government's Advance Queensland initiative has allocated over $5.5 million in grants to 56 local SMEs.

The local startups to raise funding this week may be a geographically dispersed lot — from Perth, to regional New South Wales, to New Zealand — but what they have in common is ambitious plans to transform their industries. 

Perth-based telehealth startup Hola Health has successfully closed $4.5 million in pre-series A funding. The round was led by M8 Ventures.

Since its inception in 2019, the Health 10x accelerator has supported over 150 startups and invested in 27, showcasing the best and brightest health and medical innovators across Australia.

Australian invoice payment platform Marmalade has raised $16 million for its SME invoicing platform solution for SMEs.

Precision fermentation startup Cauldron has announced the close of a $9.5 million Series A funding round.

Marketing tech startup Prophet has secured a $5 million in seed funding for its cookie-free platform, without the help of VCs.

Coworking venture Tank Stream Labs has unveiled its new Sydney offering, promising upscale office spaces in the Australia Square tower complex.