This week’s startup funding round-up encompasses a development procurement startup from Brisbane and a client finance startup from Melbourne.
Maintain studying to be taught extra about ProcurePro and Extraordinary Cash, who collectively have raised a complete of $19 million this week.
ProcurePro: $15 million
Brisbane development procurement startup ProcurePro has raised $15 million (US$11 million) in a spherical led by Queensland government-backed QIC Ventures, with French development large Bouygues — already a buyer — becoming a member of the cap desk.
The spherical values the six-year-old firm at greater than $110 million (US$80 million) and drew present backers AirTree and Glitch Capital alongside Bouygues, which invested by way of a enterprise automobile managed by Paris-based VC ISAI.
ProcurePro plans to rent 100 folks over the following 24 months throughout product, engineering and go-to-market.
It can additionally look to face up its first US workplace whereas scaling its present workplaces in Brisbane, London, and Dubai.
The corporate says it has now been deployed throughout greater than 6,000 tasks globally.
A gaggle of former Up Financial institution employees has raised $4 million in pre-seed funding for a brand new Melbourne startup, betting that agentic AI will basically change how shoppers handle cash.
Extraordinary Cash, often known as XMO, was co-founded by former Up chief product officer Anson Parker and funds govt Sam Mendelsohn.
The spherical was co-led by Airtree Ventures and Triple Bubble, with participation from Arconic Capital and a number of other angel buyers.
The startup plans to launch in Australia throughout the subsequent 12 months and is at present making use of for each an Australian Monetary Providers Licence (AFSL) and an Australian Credit score Licence (ACL).
The corporate describes itself as constructing “AI-native client finance”, arguing the following wave of fintech merchandise will transfer past including chatbot options to present banking apps.
