Startups in Oceania raising funds in the Week of 25 August 2024

Even during the summer holidays, the world of startups and innovation is still buzzing! Find out which startup fundraisers in Oceania were not to be missed between 19 and 25 August 2024. This week, it was Australia in particular that presented the best deals!

Reminder: this article is sponsored by our partner WINVESTY. Are you looking for a Professional Fundraiser for your start-up or SME? Find out more about its WINVESTY Fundraiser programme.

Metakosmos - Australia - fundraising of $2 million

Country of origin : Australia

Name of directors : Kiriti Rambhatla (Founder, CEO & CTO) and Renuka Rambhatla (Co-founder & Chief Compliance Officer)

Exercise amount : 2 million (pre-seed)

Maturity of the company : Pre-Seed

Domain : Space technology / Space combinations

Description Metakosmos is an Australian start-up that develops innovative spacesuits, known as Kosmosuit, for space exploration and extreme environments on Earth. The company aims to democratise access to spacesuits and astronaut training.

LoveHeart AI - Australia - fundraising of $2.3 million

Country of origin : Australia

Name of directors : Himal Randeniya (Founder)

Exercise amount : 2.3 million (Seed)

Maturity of the company : Seed

Domain : EdTech / Artificial intelligence

Description LoveHeart AI is an Australian EdTech start-up that uses artificial intelligence to lighten the administrative load for early childhood educators. The tool enables teachers to turn assessment tasks into quick reports, improving the effectiveness of educational programmes.

Bike Matrix - New Zealand - NZD 2 million fundraising round

Country of origin : New Zealand

Name of directors : Adam Barnes, Adam Townsend and Lyndal Bailey (Co-founders)

Exercise amount : 2 million New Zealand dollars (Seed)

Maturity of the company : Seed

Domain : Compatibility of bicycle parts

Description Bike Matrix is a New Zealand start-up that offers an innovative platform for checking the compatibility of bike parts, making online purchases, repairs and upgrades easier. Their technology allows users to select a bike and immediately see which parts are compatible.

Kinoxis Therapeutics - Australia - $14.5 million financing round

Country of origin : Australia

Name of directors : Dr. Michael Bowen (Co-founder) and Prof. Iain McGregor (Co-founder)

Exercise amount : 14.5 million (Series B)

Maturity of the company : Series B

Domain : Biotechnology / Mental health

Description Kinoxis Therapeutics, a start-up from the University of Sydney, is developing innovative treatments for neuropsychiatric and behavioural disorders, with a particular focus on disorders related to dementia and substance abuse. This Series B funding round will enable them to accelerate their research and clinical trials.

Aglow - Australia - Fundraising of $1.25 million

Country of origin : Australia

Name of directors : Rebecca Kimber (Co-founder and CEO), Kathryn Moule (Co-founder and COO)

Exercise amount : 1.25 million

Maturity of the company : Seed

Domain : Wellness subscriptions / Personal care

DescriptionAglow is an Australian start-up specialising in subscriptions for home wellness and personal care services. The company enables users to receive regular care products and services via a subscription model. This Seed round of financing was carried out with the support of the founders of Tyro and Timely, and is aimed at accelerating the platform's growth and expanding its range of services.