Three Australian startups that have already raised millions this year

The lead as much as Christmas noticed a giant end-of-year rush for VC investment. Whereas we anticipated a little bit of a lull in the beginning of the yr, the 2023 startup money faucet is already starting to trickle.

OpenSolar

Photo voltaic panel design startup OpenSolar has not too long ago closed a $22 million Collection B spherical led by Telstra Ventures. Becoming a member of Telstra’s funding arm is 2150 and Titan Grove.

Based in Australia, OpenSolar now has a agency footing within the US market and has raised virtually $38 million up to now. The corporate’s free-of-charge design and gross sales software program is geared in the direction of solar energy contractors. It connects professionals to {hardware}, finance and providers all around the world to allow them to develop their companies. It additionally affords low costs per watt in addition to swift system set up inside only a few weeks.

The corporate will use the funds to develop its software program choices in addition to its contractor partnerships throughout the globe.

Unfastened Cannon

Throughout the Shopper Electronics Present (CES) in Las Vegas final week it was introduced that Aussie adventure-tech startup, Unfastened Cannon, had landed $12 million in Collection A funding. The spherical was led by De Novo Ventures within the US and was joined by XT Ventures right here in Australia.

The corporate initially launched on Kickstarter with its waterproof, hands-free walkie-talkie known as Milo. The concept is for it for use for group chats within the nice outside, like once you’re snowboarding, mountaineering or on the water. Nevertheless it has additionally seen curiosity from different industries the place hands-free communication is helpful. Regardless of having an preliminary purpose of $100,000, Unfastened Cannon raised over $2.5 million.

According to the AFR, the recent money injection will likely be used to develop Milo’s options. Upgrades will be capable of be applied by way of cell phone pairing.

Aussie Angels

This one is a bit of bit completely different! Aussie Angels is an investing platform for angel buyers that don’t have the surplus money wanted to start out syndicates on their very own. It was launched by Cheryl Mack in 2021 after she discovered that many contacts wished to have interaction in co-investments however the course of was difficult and costly.

Aussie Angels takes care of those points with none upfront costs.

The seed spherical was led by Euphemia (through Up co-founder Dom Pym) with $1.4 million and was joined by AirTree Ventures, Rampersand and Black Nova.