techboard.com.au published 15 october 2017 · startup secured $10m from the clean energy innovation...

Techboard.com.au

Published15October2017

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TechboardhasbeencollectingdataonStartupsandYoungTechnologyCompaniessinceSeptember2015tosupporttheTechboardRanking,suchasthisTractionReportandourQuarterlyFundingReportsandiscurrentlycollectingdataonover1700companies(withthisnumberincreasingmonthly).Techboardisseekingacorporatepartnerorpartnerstoenableittocontinuetoproducethesereports,increaseitsdatacollectionactivitiesandtoenhanceitsabilitytogeneratevaluablereportsandotherdataproductstohelpgrowtheStartupandTechCompanyecosysteminAustralia.Thecorporatepartnerorpartnerswouldobtainbrandingexposureincludingonourcurrentreports,opportunitiesformediacoverageaswellasunprecedentedaccesstoourdataandmanyotherbenefits.

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TECHBOARDFUNDINGREPORTSEPTEMBERQ2017 ©2017 1

Techboard Report reveals over $665M in funding for September quarter This funding report only includes funding events (including equity, debt, acquisition, and grants)confirmed in the September 2017 quarter, involving startups and young tech companies whichareeligibleforalistingonTechboard.DataiscollatedbytheTechboardteamfrompublicsourcesandthrough its relationships with investors, VCs and angel groups across the country. In particularTechboardwouldliketothankMelbourneAngels,BrisbaneAngelsandPerthAngelsfortheiron-goingcollaboration.ByRafaelKimberleyBowen

Over 130 Australian startups and young tech companies raised over $665m in funding in theSeptemberquarter.HalfofthiswasraisedinQueensland,thoughtheproportionsareskewedbyaNAB$300mdebtfacilityforNEXTDC.Excludingthisonedeal,NSWactuallyraisedmorethananyotherstate,with$190mflowingtoover50companies,withventurecapitalthedominantsource.

In contrast,WA'smain sourceof fundswas theASX,with five shareplacements, two IPOsandareversetake-overnettingover$37mforlocalstartups.

Inaddition,PerthstartupPowerLedgerlaunchedthecountry'sfirstInitialCoinOfferingattheendofthequarter.Thesolarenergytraderraised$17minapre-ICOeventandwentontoraiseafurther$17mintheICO,thoughthislatteramountwasexcludedfromourreportasitclosedonlylastweek.


VictorianstartupsraisedroughlythesameamountthroughtheASXasthroughventurecapital,withfintechthedominantsector.Online lenderBanjoreceiveda$20mrevolving loanfacilityfromTheAuraHighYieldSMEFund,andStudyLoansandBitcoin.com.auraised$2mand$0.8mrespectively.

Averagevaluations,wheredisclosed,were$4.2mnationally,thoughsignificantlyhigherinWA($17m)due to a higher proportion of ASX driven deals. Pain recognition startup ePat and logisticsplatformYojeebothraisedfundsthroughshareplacementsatvaluationsabove$20m.Thehighestdisclosed valuationnationallywas Thinxtra's $46mvaluation. The two year old Internet-of-Thingsstartupsecured$10mfromtheCleanEnergyInnovationFundaspartofaSeriesBraise,andisalso


backedbyNZX-listedtechcompanyRakonLimited.Theonlyotherstartupvaluedabove$20mwasVictorian3DprintingstartupTitomic,whichraised$6.5minanIPO.

IThardwaremadeupjustover$300moffunding,thoughthiswasdrivenbyNEXTDC's$300mdebtfacilityfromNAB.WhileNEXTDCisanASX200listedcompanyandoneofthecountry'slargestdatacentreoperators,itisincludedinTechboard'sscopeasitisonly7yearsoldandremainsafast-growingyoungtechcompany.

Fintech made up another $100m of funding, which was up on the previous quarter if weexcludeZipMoney's$260mdebtfacility(coincidentallyalsoledbyNAB)intheJunequarter.Againmostof thatmoneywent toNSWcompanies,witha further$40mgoing toZipMoney ina shareplacementwithWestpac,andProspa's$20minventuredebtfromUS-basedPartnersforGrowth.Another$10mofventurecapitalwenttoNSWstartupsBrighte,Spriggy,EFTsureandMacrovue.

Telecom companies also put in a strong showing, with a $20m share placement for Queenslandbased Superloop, and the acquisition of South Australia-based internet provider NuSkope bySuperloop.InVictoria,callrecordingstartupDubberraised$7minanover-subscribedplacement.

In addition to NuSkope, six other acquisitions were recorded, with Infoscope, SMGTechnologies, OpenLearning, Tapit and Babyology all acquired during the quarter, and ServTechGlobaloffloadingitsrenttollbusiness.

Government grants predominantly funded CleanTech, Health& biotech and Food& agribusinessstartups. Twentyeightgrants totalling$16.6mwere recorded, likelyonlya fractionof theoverallactivity. The bulk of this came through the federal government’s Accelerating Commercialisationprogram($5.9m),theAustralianRenewableEnergyAgency($4.8m)andvariousstateprogramsliketheNewSouthWalesMedicalDevicesFundandSouthAustralia's InvestmentAttractionAgency’sEconomicInvestmentFund.


Incontrast,venturecapitalandventuredebtfocussedonFintechsandMarketplaces,withPartnersforGrowth(Prospa)andAliumCapital(Bitcoin.com.auandSpriggy)activeintheformer,andAirTreeVentures(Expert360andSnappr) inmarketplaces.BothAliumandAirTreeareSydney-based,whileSanFrancisco-basedPartnersforGrowthbecameactiveinAustraliathisyear,withAPACManagingDirectorJasonGeorgatosnowalsobasedinSydney.GeorgatosisinonTechboard'sPanelofExpertsforNewSouthWales,asisRajeevGupta,apartneratAliumCapital.


Nineteenangelandseedroundswererecordedtotalling$12m,downontheJunequarterinnumberand total amount. Again though this is only a fraction of the overall activity which largely goesunreported - thoughTechboardcontinues toexpand itsnetworkof investorsandangelgroupstobringmoretransparencytothespace.PerhapsunusuallyFood&agribusinessmadeupalargeshareofthese,thoughthiswasskewedbyastrongappetite(punintended)forfoodanddrinkstartupsonSharkTank.AndrewBankscommitted$2.5mtocoffeecapsulecompanyiCapsulate(ashowrecord)ata$11mvaluation,JanineAllisput$300kintoBeFitFoods,andthetwosharkscombinedtocommit$200ktoSweetMickie,acustomcookiestartup.ShoppingpreferencesstartupBrauzraised$2.25mfrom an undisclosed investor, and Perth-based Healthtech startups WellteQ and KinchipSystemsraised$1.2mand$700krespectively.


TechboardFundingReportSeptemberQ2017

This funding report only includes funding events (including equity, debt, acquisition, and grants)confirmed in the September 2017 quarter, involving startups and young tech companies whichareeligibleforalistingonTechboard.DataiscollatedbytheTechboardteamfrompublicsourcesandthroughitsrelationshipswithinvestors,VCsandangelgroupsacrossthecountry.

Name Elevatorpitch State Category ASX Funding event

descriptionFundingamount

Valuation Fundingtype

Investors

NEXTDC As Australia's leading independent

data centre operator, we operate

thelargestnationalnetworkofTier

IIIfacilities,expandingtoeightdata

centresacrossfivecapitalcities.

Queensland IThardware NXT Secured $300m in

syndicated senior

secured debt

facilitieswithNAB

$300,000,000 Undisclosed Debt NAB

zipMoney Buy now. Pay later. Interest free

The smarter way to pay for life's

largerpurchasesovertime,onyour

terms.

NewSouth

Wales

Fintech ZML Raised$40minshare

placement with

Westpac

$40,000,000 Undisclosed Rights /

Placement

Westpac

Superloop Superloop Limited is a leading

provider of digital services in

Australia, Singapore and Hong

Kong.

Queensland Telecom SLC Completed a $20m

shareplacement


Placement

ASX

Banjo Banjo isanonline lenderproviding

secured and unsecured loans to

smallbusiness.

Victoria Fintech Granted $20m

revolvingloanfacility

by The Aura High

YieldSMEFund

$20,000,000 Undisclosed Debt The Aura High

YieldSMEFund

Prospa Prospa is Australias leading online

lender to small business and

committed to helping small

business owners access the funds

theyneedtogrow.

NewSouth

Wales

Fintech Raised $20m in

venture debt from

PartnersforGrowth

$20,000,000 Undisclosed Venture

debt

Partners for

Growth(US)

HROnboard

HROnboard is employee

onboarding software that helps

organisationsmanagethejoboffer

andnewhireprocess.

Victoria People

solutions

Raised venture debt

from Partners for

Growth

Undisclosed Undisclosed Venture

debt

Partners for

Growth(US)


PowerLedger

We use blockchain technology to

provide a transparent, auditable

andautomatedmarkettradingand

clearing mechanism for grid and

non-gridconnectedmicrogridsand

the sale of surplus renewable

energy.

Western

Australia

CleanTech Raised $17m in

presale of tokens as

part of Australia's

firstICO

$17,000,000 Undisclosed Crowdfund

ing/ICO

Various

HyperAnna

Hyper Anna is an Artificial

Intelligence company in the data

space. We help organisations get

closer to their data by serving

sculpted insights to their

employees.

NewSouth

Wales

Dataanalytics Closed$16mfunding

round from Sequoia

China


capital

SequoiaChina

Expert360 Accessonetalentsourceforallyour

projects.

NewSouth

Wales

Marketplace Raised$13minSeries

B funding, led by

AirTreeVentures


capital

Led by AirTree

Ventures

LiveTiles We offer digital workplace

platforms, including modern user

experience-focusedsolutionstothe

enterprise, education and SMB

markets.

Victoria Enterprise

software

LVT Raised$11mthrough

ashareplacement


Placement

Led by Blue

Ocean Equities;

KarlRedenbach;

Peter Nguyen-

Brown;Andrews

Gray; Andy

McKeon

NuSkope NuSkope is the only locally owned

Internet provider based here in

SouthAustraliaandiscommittedto

providing high speed Internet

nationwide.

South

Australia

Telecom Acquired by

Superloopfor$10m

$10,000,000 $10,000,000 Acquisition Superloop

THR1VE THR1VE is real food, real fast. A

delicious menu of quality produce

and proteins, locally and ethically

sourced,alwaysglutenfree,andno

addedsugar.

NewSouth

Wales

Food&

agribusiness

Raised $10m from

Blue Sky Venture

Capital


capital

Blue Sky

VentureCapital


Thinxtra Thinxtra is empowering Australia

and New Zealand's Internet of

Things by deploying Sigfox world-

leadingLPWANconnectivityaswell

asbuildinga fulleco-systemof IoT

solutions & services to enable the

non-connected to connect, to

increase productivity, accelerate

decisionmaking,improvequalityof

serviceorsimplysolveproblemsin

aneconomic&connectedmanner.

NewSouth

Wales

Construction

&industrial

Secured $10m from

Clean Energy

Innovation Fund as

partofSeriesBraise

$10,000,000 $46,000,000 Venture

capital

Clean Energy

Finance

Corporation

TopBetta The new experience in sports,

racingandfantasybetting.

NewSouth

Wales

Entertainment TBH Raised $9m in

placement


Placement

ASX

Nuheara Hear what you want to hear.

Introducing the world's first

AdaptiveAugmentedHearables.

Western

Australia

Consumer

goods

NU

H

Raised$9mthrougha

shareplacement


Placement

ASX

A CloudGuru

Cloud Computing is increasing the

rate of innovation exponentially

and providing huge value to those

organisations using it, but there

aren't enough skills out there to

fully leverage the power of Cloud

Computing.Weaimtofill thatgap

by providing Cloud Skills for the

FutureofWork.

Victoria Edtech Raised $8.7m from

Boston-based

Elephant Venture

Capital


capital

Elephant

Venture Capital

(US)

Jayride Jayride is a cutting edge ground

transportsearchanddataplatform.

NewSouth

Wales

Transport Closed $8m capital

raise led by

Follow[The]Seed


capital

Led by

Follow[The]See

d

Xref Xref automates the candidate

referencing process via an easy to

use,mobile-ready,fullyreportable,

cloud-based platform. Xref saves

recruiterstimeandprovidesaquick

return on investment. In addition,

weincreasethequalityofreference

checking and reduce reference

fraud-protectingyourbusiness.

NewSouth

Wales

People

solutions

XF1 Raised $7.5m

through a share

placement


Placement

ASX


Dubber Transforming call recording to the

cloud.

Cloud-based call recording for any

business.

Victoria Telecom DUB Raised $7m in an

over-subscribed

placement


Placement

ASX

FlareHR Flare is designed to make your

employees work smarter and

happier, a comprehensive HR

platform combined with hundreds

ofbenefitstochoosefrom!

NewSouth

Wales

People

solutions

Secured A$7m

investment from

ReinventureGroup


capital

Reinventure

Group

Titomic Industrial Scale Additive

Manufacturing.

Victoria Construction

&industrial

TTT Raised$6.5minIPO $6,500,000 $22,600,000 IPO/RTO ASX

Localz Localz solutions enable our clients

to deliver goods and services to

their customers using the most

efficient and effective means

possible whilst providing a high

degree of transparency along the

way.

Victoria Location&

mapping

Secured$6.15mfrom

NotionCapital


capital

NotionCapital

SchroleGroup

Schrole offers data driven market

leading recruitment solutions to

industry problems and are

revolutionising the education

sector.

Western

Australia

Edtech SCL Raised$6minRTO $6,000,000 $11,700,000 IPO/RTO ASX

FamilyZone

The Family Zone empowers you

withextensivetoolstocontrolyour

kids' cyber activity at home and

outside. And in a world first

innovation the Family Zone gives

youaccesstotherecommendations

andongoingsupportofcybersafety

experts.

Western

Australia

Safety&

security

FZO Raised $5.2m in

oversubscribedshare

placement


Placement

ASX

Nanollose Nanolloseisaleadingresearchand

developmentcompany,specialising

in the development of Plant-Free

cellulosetechnologies.

Western

Australia

Health&

biotech

Raised$5maheadof

over-subscribedIPO

$5,000,000 Undisclosed IPO/RTO ASX


OpenLearning

OpenLearning is anonline learning

platform that is based around the

principles of student autonomy,

diversity of learning materials,

open- ness of resources and social

interactivity.

NewSouth

Wales

Edtech Acquired by

Prestariang

Undisclosed Undisclosed Acquisition Prestariang

Babyology We're a lifestyle brand that keeps

hip parents and their bubs up to

datewiththeworldofbaby-related

design, recipes, travel, parenting

tipsandmore.

NewSouth

Wales

Media Acquired by

KinderlingKidsRadio

Undisclosed Undisclosed Acquisition Kinderling Kids

Radio

RayGen Our corporate mission is to use

innovative technological solutions

to provide cheap, clean and

renewable energy for people all

overtheworld.

Victoria CleanTech Received$4.8mgrant

from Australian

Renewable Energy

Agency

$4,800,000 Undisclosed Grant/

Prize

Australian

Renewable

EnergyAgency

Spectur Our revolutionary camera is more

thanjustamonitoringsystem;it'sa

computer with a lens. With

everything recorded in beautiful

HighDefinition,thescopeofviewis

abletodetectmajordisturbancesin

areasthatyouspecify.Spokenword

warningsdetercriminalsassoonas

they step into the camera's wide

fieldofview.

Western

Australia

Safety&

security

SP3 Raised$4.5minIPO $4,500,000 $8,200,000 IPO/RTO ASX

GlamCorner

Founded in 2012 and based in

Sydney, GlamCorner is the leading

online destination for women in

Australiatorentdesignerdresses.

NewSouth

Wales

Consumer

goods

Raised $4.2m in

Series A funding, led

byAirTreeVentures


capital

Led by AirTree

Ventures;

Marshall

Investments;

Sarah Jane

Clark; Impact

Investment

Group's Giant

Leap; Partners

forGrowth

Brighte Australia's easiest way to pay 'no

interest' for home energy &

improvements.

NewSouth

Wales

Fintech Closed $4m Series A

from Mike Cannon-

Brookesandothers


capital

Grok Ventures

(Mike Cannon-

Brookes);

Others


SMGTechnologies

Weareaglobalsoftwaresolutions

company with the heart of our

businessbeingadvancedpredictive

analytics.

Queensland Dataanalytics AcquiredbyCatapult

Groupfor$3.9m

$3,900,000 $3,900,000 Acquisition CatapultGroup

ePATTechnologies

ePAT is the worlds first 3D facial

recognition application for the

assessment of pain in non-

communicativepeople.

Western

Australia

Health&

biotech

EPT Raised$3.75through

ashareplacement

$3,750,000 $28,000,000 Rights /

Placement

ASX

Gamurs The latest esports news, opinions

and tournament coverage for

CSGO, LoL, COD, Halo, and

HearthstoneonGAMURS.

NewSouth

Wales

Entertainment Closed $3.5m capital

raise led by Aura

FundsManagement


capital

Led by Aura

Fuds

Management

bluechiip bluechiip has developed an IT-

based temperature and

identification tracking solution for

biosamples in the health and life

sciencesindustry.

Victoria Health&

biotech

BCT Raised $3.4m in in

rights issue and

privateplacement


Placement

ASX

Yojee Yojee is an autonomous next

generation logistics platform

providing software to, and freight

movements throughout its rapidly

growingcollaborativeeconomy.

Western

Australia

Transport YOJ Raised $3m in share

placement

$3,000,000 $20,000,000 Rights /

Placement

ASX

Assignar Assignar is a cloud based

compliance, asset and workforce

management platform for highly

regulatedindustries.

NewSouth

Wales

Construction

&industrial

Raised$3mfromOur

InnovationFund


capital

Our Innovation

Fund

Bookwell Bookwell Instantly book your next

beautyorwellnessexperience.

Victoria Marketplace Raised $2.6m from

Adam Schwab and

others


capital

Adam Schwab;

Others

Snappr Snappr instantly connects you to

pre-qualified professional

photographersforanyoccasion.Be

shootinginaslittleas12hours.

NewSouth

Wales

Marketplace Raised$2.5minseed

funding from global

VCsincludingAirTree

Ventures, Lars

Rasmussen and Y

Combinator


capital

AirTree

Ventures; Lars

Rasmussen(US);

Y Combinator

(US)

SpeeDx SpeeDx is a privately owned

company specializing in innovative

multiplex real-time polymerase

chain reaction (qPCR) solutions for

clinicaldiagnostics.

NewSouth

Wales

Health&

biotech

Received$2.5mgrant

from the New South

Wales Medical

DevicesFund

$2,500,000 Undisclosed Grant /

Prize

New South

Wales Medical

DevicesFund


Spriggy With a money management app

andprepaiddebitcard,Spriggyuses

interactivetechnologytobuildvital

earning, saving and spending skills

inyoungpeople.

NewSouth

Wales

Fintech Closed $2.5m round

ledbyPerleVentures

andAliumCapital


capital

Led by Perle

Ventures and

AliumCapital

iCapsulate iCapsulate houses the largest

capsule filling line in the Southern

Hemisphere bridging the gap

between roasting and finished

product in the most technically

advancedcapsulesolutioncurrently

availableinAustralia.

NewSouth

Wales

Food&

agribusiness

Raised $2.5m from

AndrewBanks(Shark

Tank)

$2,500,000 $11,100,000 Angel /

Seed

Andrew Banks

(SharkTank)

Sinorbis We have a solution for all of your

digitalmarketingneedsinChina.

NewSouth

Wales

Media Received $2.3m

strategic investment

form Executive

ChannelHoldings


capital

Executive

Channel

Holdings

Brauz Brauzhelpspeopleshopsmarterby

discoveringthingsthey'lllovebased

on their browsing habits and

shoppingpreferences.

Victoria Dataanalytics Raised $2.25m in

seedfunding

$2,250,000 Undisclosed Angel /

Seed

Undisclosed

Croomo Croomocreateslearningassetsand

crafted online experiences that

enhance participants' learning

capabilities and go beyond

traditionaleducation.

Queensland Edtech Raised $2m in round

ledbyVivianStewart,

MathewMyers,Peter

Grantham and the

Queensland

government


capital

Vivian Stewart;

Mathew Myers;

Peter

Grantham; the

Queensland

government;

Others

StudyLoans

We want students to have full

control over their loans and

empower them to manage and

tracktheseloanseffectively.

Victoria Fintech Raised $2m from

investors including

Simondsfamily


capital

Simonds family;

Others

Wattwatchers

Wattwatchers is an award-winning

Australian energy technology

companyfocusedondevices,data,

analytics and communications to

make behind-the-meter energy

management ultra-smart, easy-to-

installandcost-effective.

NewSouth

Wales

Energy Secured$2mfunding

from The Clean

Energy Finance

Corporation


capital

Clean Energy

Finance

Corporation

EFTsure EFTsure is dedicated to helping

organisations identify and protect

themselves against risk and error

thatoccurinthepaymentprocess.

NewSouth

Wales

Fintech Closed $2m Series A

round led by Our

InnovationFund


capital

Led by Our

InnovationFund


ActivePipe Automatically gain insights into

yourPropertyMarketContacts.

Victoria Property Raised $1.8M in a

pre-seriesAroundto

fund global

expansionledbyAsia

PrincipalCapital


capital

Led by Asia

PrincipalCapital

ServTechGlobal

Delivering comprehensive and

unparalleled solutions-based

software services and

administrative support for a wide

range of transaction-based

businesses across a multitude of

industries.

Western

Australia

Software

development

SVT Sold its rent toll

businessfor$1.5mto

Summit

Development

Corporation and

Housemart Real

Estate

$1,500,000 Undisclosed Acquisition Summit

Development

Corporationand

Housemart Real

Estate

Hometime Our technology driven property

management services - includes

listing creation, channel

management, dynamic pricing,

guest communications, and our

trademark linen andhousekeeping

wonderduo-takethehassleoutof

hosting, allowing you to manage

yourAirbnbstress-free.

NewSouth

Wales

Property Closed $1.5m round,

led by Asia Principal

Capital


capital

Led by Asia

PrincipalCapital

Linius Linius Technologies Limited has

cracked the code of content

intelligence and created the next

evolution of video streaming. We

transform cumbersome, static

video files into agile, dynamic files

that can be easilymanipulated on

thefly.

Victoria Media LNU Completed $1m

placement of

ordinary shares to

VillageRoadshowLtd

and $0.5m to Kirby

familyinterests


Placement

Village

Roadshow Ltd

($1m); Kirby

family interests

($0.5m)

Workible Wehavebuiltworld-classtechthat

enablespeopletofindtherightjob

forthemand,bydoingthat,wehelp

employersfindtherightpeoplefor

theirbusiness.Becausewebelieve

that no one should have to

compromise.

NewSouth

Wales

People

solutions

Raised an

undisclosed Series A

investment

Undisclosed Undisclosed Venture

capital

Undisclosed

Tapit Tapit is a global technology

platformwhichleveragesarangeof

contactless technologies including

Near Field Communications and

NewSouth

Wales

Location&

mapping

Acquired by NSW

marketing agency

Geronimo

Undisclosed Undisclosed Acquisition Geronimo


Beacons allowing our clients to

create,deliver,manage&reportin

realtime.

Cardihab Cardihab's mission is to be the

leading provider of digital

interventions that help heart

disease patients reach optimal

healthwithsupportfromtheircare

team.

Queensland Health&

biotech

Raised $1.35m VC

funds as part of

CSIRO spinout, from

Uniseed, private

cardiology groups

andArtesianCapital


capital

Uniseed

($500k); private

cardiology

groups;Artesian

Capital

IMRTechnologies

Vehicle accident detection, alert

and management technology for

individuals, companies and

organisations.

Western

Australia

Safety&

security

Raised $1.3m in a

capitalplacement


capital

Undisclosed

Macrovue Macrovue started as an idea to

translate complex information

about the stock market to make

markets more accessible to

everydaypeople.Alongthewaywe

learnt that the complexities of the

stock market was not the only

barriertotrading,itwasalsoabout

the time required to research and

drawaninformedanalysis.

NewSouth

Wales

Fintech Closed an

oversubscribed

$1.25m funding

round


capital

James

Goodwin;

Inception Asset

Management

InfoScope With some innovative market

solutions, InfoScope is engaged

with some major corporates to

bring innovative solutions to the

market around data collaboration

andoperationalefficiency.

Queensland Dataanalytics AcquiredbyK2flyfor

$1.25m

$1,250,000 $1,250,000 Acquisition K2fly

PictureWealth

PictureWealth is a free and

exclusive system available for

understanding and managing your

completefinancialpicture.

Western

Australia

Fintech Raised $1.2m from

Super Advice and

others


Seed

Super Advice;

NealCross

WellteQ WellteQ is the leading digital

wellness solution for employee

health engagement and HR data

analytics. Our suite of innovative

engagement programs include

activity challenges, mental

wellness, financial wellness, HR

onboardingandvirtualcoachingfor

employees.

Western

Australia

Health&

biotech

Completed $1.2m

seedcapitalround


Seed

John Poynton;

others


MadeComfy

Weofferanend-to-end,short-term

propertymanagement service that

delivers total peace of mind by

maximising rental returns for

property owners and deliver

exceptional service to both hosts

andtheirguests.

NewSouth

Wales

Property Raised $1.1m from

variousinvestors

$1,100,000 $5,500,000 Angel /

Seed

Cliff Rosenberg;

Rolf Hansen;

PeterO'Connell;

Hein Vogel;

Manfred

Hasseler

PeppermintInnovation

Weoperate an establishedMobile

Banking,PaymentsandRemittance

Platform, and develop new and

innovative mobile phone

applications aimed at providing

financialinclusiontotheunbanked,

improving business efficiency and

deriving revenue for commercial

clientsandagentnetworks.

Western

Australia

Fintech PIL Raised $1m from

Smidge Digital Unit

Trust in share

placement


Placement

Smidge Digital

UnitTrust

AgriDigital(FullProfile)

AgriDigital is an integrated

commodity management solution

fortheglobalgrainsindustry.

NewSouth

Wales

Food&

agribusiness

Received $1m

Accelerating

Commercialisation

grant

$1,000,000 Undisclosed Grant /

Prize

Federal

government

(Accelerating

Commercialisati

on)

UrbanYou UrbanYou is Australia's Leading

MarketplaceforOn-demandHome

Services!

NewSouth

Wales

Marketplace Raised$1m $1,000,000 Undisclosed Venture

capital

MicroEquity;

ArunNair

DreamweaverIP

Dreamweaver IP has developed a

world-first in fully recyclable, flat

pack shippers, and presents an

opportunitytoshowcaseAustralian

innovation to some of the world's

largestcompanies.

Victoria Transport Received $937k

Accelerating

Commercialisation

grant

$936,805 Undisclosed Grant /

Prize

Federal

government

(Accelerating

Commercialisati

on)

Tic:Toc We use technology to give our

customersaninstantanswertoone

ofthebiggestfinancialdecisionsin

their lives. We'll have your home

loan approved in as little as 22

minutes, not 22 days. It's about

time.

South

Australia

Fintech Received$900kgrant

from South

Australian

government


Prize

South Australia

government:

Investment

Attraction

Agency’s

Economic

Investment

Fund

(underwritten

by Bendigo and

AdelaideBank)


Citrus Citrus is the first autonomous

auctionbasedadvertisingplatform

that provides native product

advertisementstocustomersinreal

time through e-commerce

websites.

Queensland Media Received $844k

Accelerating

Commercialisation

grant


Prize

Federal

government

(Accelerating

Commercialisati

on)

Bitcoin.com.au

Bitcoin.com.au is the leading OTC

Bitcoin exchange in Australia.

Located in over 1200 retail outlets

Bitcoin.com.au is the cheapest,

most convenient and trusted

exchangeinAustralia.

Victoria Fintech Raised $815k in a

SeriesAround

$815,000 Undisclosed Venture

capital

Alium Capital;

Dominet

Venture

Partners

IMRTechnologies




organisations.

Western

Australia

Safety&

security

Received $729k

Accelerating

Commercialisation

grant


Prize

Federal

government

(Accelerating

Commercialisati

on)

KinchipSystems

KINCHIP SYSTEMS PTY LTD is an

Australian digital health company

thatdesigns,developsandmarkets

intelligent technology products

solving real world problems

globally.

Western

Australia

Health&

biotech

Raised $700k from

localinvestors

$700,000 Undisclosed Angel /

Seed

Undisclosed

1414Degrees

1414Degreesaimstofillthecritical

gapinenergystoragetechnologies.

1414Degreescleanstorageissetto

reduce energy costs by increasing

the efficiency of renewable

generation and stabilising grid

supply.

South

Australia

CleanTech Received $560k

Accelerating

Ccommercialisation

grant


Prize

Federal

government

(Accelerating

Commercialisati

on)

ResAppHealth

ResApp is developing digital

healthcare solutions to assist

doctors and empower patients to

diagnose and manage respiratory

disease.

Western

Australia

Health&

biotech

RAP Received $516k tax

refundfromR&Dtax

incentive


Prize

Federal

government

(R&D tax

incentive)

EarthAI Ourgoal is tomake industrymore

dynamic and exploration

companiesmoresuccessful.Wedo

thisbyempoweringgeologistswith

machine learning tools that

improve exploration efficiency and

loweroperationalrisks.

NewSouth

Wales

Resources Closed $0.5m raise

led by AirTree and

BlackbirdVentures


Seed

Led by AirTree

and Blackbird

Ventures


My BestGift

Australia's first experience gifting

website,dedicatedentirelytokid's

experiences. Launching in early

2016, we have experiences for

every celebration from newborns

throughtoteenagers.

NewSouth

Wales

Consumer

goods

Closed $0.5m capital

raise led by Sydney

Angels


Seed

SydneyAngels

thedocyard

thedocyard is aworld leadingdeal

management platform. In

thedocyard deal advisors manage

theirdealsfromstarttofinish,from

due diligence to close, in a single

solution; saving them time,

reducing billing wastage, reducing

riskandhelpingthemstandoutas

innovatorsintransactionalpractice.

Queensland Enterprise

software

Received$0.5mgrant

fromtheQueensland

government


Prize

Queensland

government

(Department of

Industry,

Innovation and

Science)

Me3D Me3D is a Wollongong based

manufacturer of 3D printers and

STEMeducationalproducts.

NewSouth

Wales

IThardware Closed $0.5m round

ledbySydneyAngels


Seed

Led by Sydney

Angels

Safe AgSystems

Agamechangerinworkhealthand

safety management for

agribusiness, Safe Ag Systems will

bring your agribusiness into the

digitalagewithinteractivedesktop

and mobile software that allows

you real time access to yourwork

health and safety management

system - both in the office, and in

thepaddock.

South

Australia

Food&

agribusiness

Received$0.5mgrant

from South

Australian Early

Commercialisation

Fund


Prize

South Australia

Early

Commercialisati

onFund

InteractTechnology

INTERACT Technology is an

established and fast-growing

Australian software company

specialising in sophisticated but

easy to use digital engagement

communicationssolutions.

NewSouth

Wales

Software

development

Received $459k

Accelerating

Commercialisation

grant


Prize

Federal

government

(Accelerating

Commercialisati

on)

Norbit Created by the team at Follow,

Norbit is an award winning white

labelcustomer loyaltyapputilising

proximitybeacons.

Queensland Entertainment Raised$400k inseed

funding


Seed

Sam McVay;

HaywardFamily

VertonTechnologies

Verton Group develops and

producestechnologicalsolutionsto

increase productivity and safety in

craneandhoistoperations.

Queensland Construction

&industrial

Received $393k

Accelerating

Commercialisation

grant


Prize

Federal

government

(Accelerating


Commercialisati

on)

StyleAtlas Style Atlas is a fashion fitting

solution for online shoppers.

We allow shoppers to know if the

clothestheywanttobuyonlinewill

fitthem,priortopurchase.

NewSouth

Wales

Enterprise

software

Received $383k

Accelerating

Commercialisation

grant


Prize

Federal

government

(Accelerating

Commercialisati

on)

GMDx GMDx is a Gene Mutation

Diagnostic company. Our

proprietaryTSMtestprovidesearly,

accurate cancer detection by

identifying the source of genetic

mutations.

Victoria Health&

biotech

Received $329k

Accelerating

Commercialisation

grant


Prize

Federal

government

(Accelerating

Commercialisati

on)

Be FitFoods

DoctorandDietitiandesigned,chef

created & prepared, home

delivered.

Victoria Food&

agribusiness

Raised $300k on

Shark Tank from

JanineAllis

$300,000 $600,000 Angel /

Seed

JanineAllis

Like APhoton

Like A Photon Creative is a fast

growingcontentcreationcompany

specialisinginthedevelopmentand

executionofcontentforchildren.

Queensland Entertainment Received$250kfrom

Advance Queensland

IgniteIdeas


Prize

Advance

Queensland

IgniteIdeas

Feedmee The Feedmee app is an all-in-one

food app that uses Artificial

Intelligence to understand the

individual's taste preferences to

provide users with a better

discovery experience, helping the

user find something to eat when

theydon'tknowwhattoeat.

Western

Australia

Food&

agribusiness

Raised $250k from a

Perthangelinvestor


Seed

Undisclosed

Wrappli Wrappli is an outdoor advertising

platform that allows everyday

Aussiedriverstoearnupto$600a

month by wrapping their cars in

brands.

NewSouth

Wales

Automotive&

engineering

Raised undisclosed

amount fromSydney

Angels,ledbyJemma

Enright

Undisclosed Undisclosed Angel /

Seed

Sydney Angels,

led by Jemma

Enright

GoodThnx We build disruptive applications

with social impact.

GoodThnxissoftwarecompany.

South

Australia

Social

enterprise

Received $230k

Accelerating

Commercialisation

grant


Prize

Federal

government

(Accelerating

Commercialisati

on)


SweetMickie

Ready-to-goandcustomcookiesfor

Birthdays, Weddings, Corporate

EventsandWholesale.

Victoria Food&

agribusiness

Raised $200k from

Janine Allis and

Andrew Banks on

SharkTank

$200,000 $435,000 Angel /

Seed

Janine Allis and

AndrewBanks

PraxisAeronautics

Praxis Aeronautics builds small to

medium sized solar powered fixed

wingdronesthathavearangeofup

to6hoursflight.

South

Australia

Automotive&

engineering

Received$150kfrom

SA's Early

Commercialisation

Fund


Prize

South Australia

Early

Commercialisati

onFund

SoterAnalytics

Soter Analytics is a UK/Australian

companythatcollectsdataanduses

analyticstohelp industrialworkers

to work safer, smarter, and get

more done. Our lead product, the

SoterSpine, was created to help

industrial workers avoid

musculoskeletal injuriesand isdue

tolaunchtowardstheendof2017.

Western

Australia

Safety&

security

Completed $150k

pre-seed fundraising

from investors in

both Europe and

Australia


Seed

Undisclosed

Memobottle

Inanefforttoreducetheamountof

single use plastic bottles being

manufactured everyday, Flank Pty

Ltdhavedesignedthememobottle;

adurable, long life reusablebottle

constructedfromarecyclableBPA-

freeplastic.

Victoria Consumer

goods

Raised $137,238 on

Kickstarter

$137,238 Undisclosed Crowdfund

ing/ICO

Kickstarter

Audeara Wehave createdheadphones that

measure your hearing profile and

learnhowtotailorsoundperfectly

foryou.

Queensland Consumer

goods

Received $100k

Ignite Ideas Fund

grant(roundthree)


Prize

Queensland

government

(Ignite Ideas

Fund)

ADIVO ADIVO'sautomaticinflationsystem

determineswhenyouareindistress

andinflatesabuoyancyaidbringing

youtothesurface.Therewhenyou

need it the most, ADIVOmay just

saveyourlife.

Queensland Safety&

security

Received$100kfrom

Advance Queensland

IgniteIdeas


Prize

Advance

Queensland

IgniteIdeas

localyokl We want to connect you with

remarkable experiences in places

only locals know, creating

authentic,lifelongmemories.

Queensland Marketplace Received$100kfrom

Advance Queensland

IgniteIdeas


Prize

Advance

Queensland

IgniteIdeas

IridiumDynamics

Iridium Dynamics is a drone

manufacturer based in Sydney,

Australia. We are developing a

commercial UAV platform called

Queensland Automotive&

engineering

Received$100kfrom

Advance Queensland

IgniteIdeas


Prize

Advance

Queensland

IgniteIdeas


Halo,forlong-enduranceoperation

for remote sensing applications

overlargedistances.

The CoolTube

Portable Chilled Air for

Underground/SurfaceMiningand

HeavyIndustry

Queensland Resources Received$100kfrom

Advance Queensland

IgniteIdeas


Prize

Advance

Queensland

IgniteIdeas

ImagineIntelligentMaterials

Imagine Intelligent Materials

develops conductive smart

materialsfromgraphene.

NewSouth

Wales

CleanTech Received US$80k

grant from

Transurbanforatrial

of a pressure sensor

madefromgraphene


Prize

Transurban

Cribber Cribber communication provides

workplaces with a mobile bulletin

broadcast platform for open and

clear communication with

field/mobile employees,

contractorsandvisitors.

Western

Australia

People

solutions

Raised $100k angel

round


Seed

Perth Angels;

Others

AlphaCentauri

Solving problems fundamental to

human progress, with the cheap

andsustainableproductionoffood

forall,chiefamongthese.

Victoria Food&

agribusiness

Accepted into muru-

D accelerator with

$75,000seedcapital

$70,000 $2,000,000 Accelerator muru-D

SmartPaddock

A farmmanagement tool that will

modernise the global livestock

industry through intelligent data

analysis, utilising IoT data straight

from the pasture in order to

increaseproductionefficiency,and

improve animal health and well-

being.

Victoria Food&

agribusiness

Accepted into muru-

D accelerator with

$75,000seedcapital


SofiHub My independence, their peace of

mind.

Sofihubensuresyouhavepeaceof

mind by knowing aged loved ones

are alright as they maintain their

Victoria Safety&

security

Accepted into muru-

D accelerator with

$75,000seedcapital



independence, living in their own

home.

Playt Playt is a food-tech company that

helps time-poor people seamlessly

cookandshopforfoodonline.

South

Australia

Food&

agribusiness

Won $50k seed

funding in University

of South Australia’s

Venture Catalyst

program

$50,000 Undisclosed AngelSeed SouthAustralian

governmentand

UniSA

SecureNest

At Secure Nest our mission is to

increasetheaccessibilityofschema

therapy to enrich client wellbeing.

We provide a tool which assists

therapistsinempoweringclientsto

changeschema-drivenlifepatterns

andgettheircoreemotionalneeds

metineverydaylife.

South

Australia

Health&

biotech

Won $50k seed

funding in University

of South Australia’s

Venture Catalyst

program

$50,000 Undisclosed AngelSeed SouthAustralian

governmentand

UniSA

EcologicApps

We're transforming how energy is

used and generated in buildings

aroundtheworldbycombiningbig

data analytics, leading-edge web

andmobiletechnology,andworld-

leadingbuildingsimulationscience.

NewSouth

Wales

Energy Selected for

EnergyLab

Accelerator ($50k

funding)

$50,000 $500,000 Accelerator EnergyLab

Everty Everty's vision is to accelerate

Australia's transition to 100%

sustainable transport by

establishing a community based

electricvehiclechargingnetwork.

NewSouth

Wales

CleanTech Selected for

EnergyLab

Accelerator ($50k

funding)


Optimcontrols

Conditionmonitoringandtechnical

supportforcomplexVFDsystems.

NewSouth

Wales

Energy Selected for

EnergyLab

Accelerator ($50k

funding)


Ryde.Green

Theworldsfirstbikeshareprogram

forkickscooters.

NewSouth

Wales

Marketplace Selected for

EnergyLab

Accelerator ($50k

funding)


BoozeBud BoozeBud.com.au is Australia's

leading online liquor marketplace

and one of Australia's fastest

growingstartups.

NewSouth

Wales

Marketplace Selected for Lion

‘Unleashed’

accelerator program

($50kfunding)



EarlypayExchange

Early payment, on-demand. Don't

be cash strapped, accelerate your

paymentnow.

NewSouth

Wales

Fintech Selected for Lion

‘Unleashed’

accelerator program

($50kfunding)


KegIt We'rebringingsmarttechnologyto

the management of keg fleets for

brewers. Kegit provides realtime

data on location, temperature and

statusofkegs.

NewSouth

Wales

Food&

agribusiness

Selected for Lion

‘Unleashed’

accelerator program

($50kfunding)


FreightExchange

FreightExchangeallowsyoutobook

the spare capacity of freight

carriers.

NewSouth

Wales

Transport Selected for Lion

‘Unleashed’

accelerator program

($50kfunding)


PERKii We were tired of being told that

probioticdrinksneededtobehigh-

sugar dairy shots or bitter tasting

kombuchadrinks.

Queensland Consumer

goods

Selected for Lion

‘Unleashed’

accelerator program

($50kfunding)


SHOUTback!

Empowering venues to reach their

customersontheirterms.Real-time

mobile marketing with 100%

autonomy.

NewSouth

Wales

Media Selected for Lion

‘Unleashed’

accelerator program

($50kfunding)


SnackProud

Snack Proud delivers health

focused, functional foods to the

workplace to excite staff about

makingahealthierchoiceandhelp

themachievetheirgoals.

NewSouth

Wales

Food&

agribusiness

Selected for Lion

‘Unleashed’

accelerator program

($50kfunding)


TailorBrews

We bring the craft brewing

experiencedirectlytotheconsumer

byallowingthemtocustomisetheir

favourite beer or cider brew into

something they can pride as their

own.

NewSouth

Wales

Food&

agribusiness

Selected for Lion

‘Unleashed’

accelerator program

($50kfunding)



Tayble Tayble is an order processing app

that sends restaurant orders

directly to the kitchen and

processes cashless payments.

Unlikeotheralternatives,wehavea

lower barrier to entry as we

leverageexistinghardware.

NewSouth

Wales

Fintech Selected for Lion

‘Unleashed’

accelerator program

($50kfunding)


AgriLedger AgriLedger is a social enterprise

project using distributed ledger

technologyandmobileappssmall-

holderfarmersandco-operatives.

Queensland Food&

agribusiness

Accepted into

SproutXaccelerator

$40,000 $500,000 Accelerator SproutX

Applant Applanthelpstheurbancommunity

grow plants vertically. An ag-tech

startup planting knowledge

amongst urban communities.

Equipping them with self-watering

verticalfarms;thatdoesnotrequire

soilorelectricity.

Victoria Food&

agribusiness

Accepted into

SproutXaccelerator


SnapTrap Thefutureinfruitflysurveillance. Victoria Food&

agribusiness

Accepted into

SproutXaccelerator


thingc thingc is on a mission to help

livestock farmers increase profits

whilst improving animal welfare.

Our non-invasive animal condition

scoring system allows farmers to

monitor the nutritional wellbeing

and growth performance of

individualanimals.

Victoria Food&

agribusiness

Accepted into

SproutXaccelerator


Farmapp Farmapp is revolutionising food

productionmanagementbyhelping

growers embrace technology.

Farmapp has developed an

IntegratedPestManagement(IPM)

software-basedserviceforcrops.

Victoria Food&

agribusiness

Accepted into

SproutXaccelerator


iotag GPStrackingforpastoralfarms. NewSouth

Wales

Food&

agribusiness

Accepted into

SproutXaccelerator



OutofBoxSolutions

OutofBoxSolutionsisaninnovative

initiative that believes in making

technologyanenabler intheareas

with low tech awareness. After

years of experience in technology

solutions including accessibility &

assistive technology, we are

venturing into AgTech using IoT

solutions powered by Artificial

Intelligence.

Victoria Food&

agribusiness

Accepted into

SproutXaccelerator


BloomboxCo

Seasonalflowersandeasystep-by-

step instructions delivered to your

dooronsubscription.

Victoria Food&

agribusiness

Accepted into

SproutXaccelerator


Tie UpVenture

We deliver technological and

managerial solutions to farmers in

Australia andNewZealand so that

they can grow, innovate, and

maximise their efficiency. We are

experts in bringing the latest

innovations to your agribusiness

andscourtheglobeforthebestand

brightestsolutions.

Victoria Food&

agribusiness

Accepted into

SproutXaccelerator


SUMS SUMS is the SmartMeter Utility

Management Solution designed to

help you manage utility

infrastructure,simply.

NewSouth

Wales

Energy Accepted into

SproutXaccelerator


DishMe DishMe is an online marketplace

thatconnectsyouwithcooksliving

in the neighbourhood to get

personalised meals cooked on

demand,justforyou.

NewSouth

Wales

Food&

agribusiness

Secured$25kfunding

from one of its

customers


Seed

Undisclosed

IMRTechnologies




organisations.

Western

Australia

Safety&

security

Received Innvoation

Voucher from WA

stategovernment


Prize

WA state

government

SoterAnalytics

Soter Analytics is a UK/Australian

companythatcollectsdataanduses

analyticstohelp industrialworkers

to work safer, smarter, and get

moredone.

Western

Australia

Safety&

security

Received Innovation

Voucher from WA

stategovernment


Prize

WA state

government

(Innovation

Voucher)


Daitum Daitum is an Australian-based AI

company specialising in decision

analytics. Our mission is to

empower businesses to make

smarterdecisions.Bigdecisions,not

bigdata.

South

Australia

Dataanalytics Accepted into

Techstars Adelaide

with $20k cash

injection

$20,000 $333,333 Accelerator Techstars

IRSensors IRSensorsfounders,havedecidedit

was time to commercialise the

mosaic pixel patented technology

and apply their expertise to

reinvent and innovate the

IR/thermalindustry.

South

Australia

IThardware Accepted into

Techstars Adelaide

with $20k cash

injection


NIMISCybersecurity

Ourmissionistosecureourclient's

information and systems using

artificial intelligence based

penetration testing to provide the

highestlevelsofsecurityassurance.

Victoria Safety&

security

Accepted into

Techstars Adelaide

with $20k cash

injection


teamgage Teamgage is an online technology

platform designed to help

organisations embrace changeand

build a team culture of highly

effectiveimprovement.

South

Australia

People

solutions

Accepted into

Techstars Adelaide

with $20k cash

injection


My SkyTechnologies

My Sky Technologies flagship

product is portable fire-and-forget

counterdrone technologywhich is

basedaroundamultispectrumnext

generation sensor suite that

incorporates multiple passive

targetingtechnologies.

South

Australia

Defence Accepted into

Techstars Adelaide

with $20k cash

injection


IridiumDynamics

We are developing a commercial

UAVplatformcalledHalo,forlong-

endurance operation for remote

sensing applications over large

distances.

Queensland Automotive&

engineering

Accepted into

Techstars Adelaide

with $20k cash

injection


WaggaWagga.tv

Free to watch, free to discover -

WaggaWagga. It's not TV, it's dot

TV Online TV station and local

businessdirectory.

NewSouth

Wales

Entertainment Received $15k grant

from NSW

government


Prize

NSW state

government

(JobsforNSW)


SpacetoCo SpacetoCo is a website for the

listing and short-term rental of

Spaces. This serves the general

community by handling locational

searches, availability, two-way

reviewsandpayments.

Western

Australia

Marketplace Runner-up ($3,500)

and Community

Choice Award

($1,500) at Australia

Post Regional

PitchfestWA


Prize

AustraliaPost

techboard.com.au published 15 october 2017 · startup secured $10m from the clean energy innovation...

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