This week’s startup funding round-up consists of medtechs Oli and AlleSense in addition to vitality startup Cable, which have collectively raised $15.5 million in new funding.
Oli: $6.5 million
Australian medtech startup Oli has raised $6.5 million in a Collection A3 funding spherical to speed up the event of its maternal and fetal monitoring know-how, designed to foretell and scale back delivery problems earlier than they happen.
The Sydney-based startup was backed by Scale Investors, Clare Ventures, and the University of Sydney in the round.
Following a $1.8 million Series A2 raise in 2024 and a $4.7 million Series A round in 2022, the closure of the recent Series A3 round brings Oli’s total private capital raised to $13 million, alongside more than $9.5 million in non-dilutive grants.
Oli, formerly Baymatob, was founded in 2018 by mechatronic engineer Dr Sarah McDonald following the traumatic birth of her second child, Oliver.
At its core, Oli is a wi-fi, wearable gadget that displays maternal and fetal indicators.
The corporate says the gadget can concurrently seize thousands and thousands of physiological knowledge factors throughout 10 maternal and fetal biosensors, with out interrupting motion, place, or the pure development of labour.
The information is then processed by means of the corporate’s patented Predictive Maternal-Fetal Sign know-how, translating uncooked inputs into dwell medical alerts that replace as labour progresses, figuring out early patterns that precede critical problems.
AlleSense: $5 million
Medtech startup AlleSense has secured a $5 million funding spherical that features participation from Breakthrough Victoria, Welcome Ventures and different personal traders.
The spherical additionally consists of $2.5 million from the AEA Innovate grant program.
The recent capital might be used to assist the commercialisation and medical validation of its most cancers diagnostic know-how. Eight new jobs will even be added to the headcount.
The La Trobe College spinout is growing NanoMslide, a nanofabricated microscope slide designed to enhance most cancers detection with out the necessity for chemical staining. The know-how goals to assist pathologists establish difficult-to-diagnose early-stage cancers whereas decreasing diagnostic delays.
AlleSense was based by Professor Brian Abbey following years of university-led analysis and is one among a rising variety of Australian analysis commercialisation startups searching for to deliver superior medical applied sciences from the lab into medical apply.
Cable: $4 million
An vitality startup that claims it may well save small and medium companies as a lot as 40% on their electrical energy payments has raised $4 million in pre-seed funding.
Cable was founded in Sydney in mid-2025 by Dominic Reardon with the goal of helping SMEs access the same kind of savings available to households and large commercial operators through the use of batteries.
Cable owns these batteries, which it installs at a customer’s premises for no upfront cost and uses to access cheaper electricity prices.
The startup then bills the customer based on the energy they use.
Cable has been running a private beta for the past six months, but is now moving into public beta mode in the Sydney metropolitan area, supported by the $4 million in new pre-seed funding.
The funding comes from UK venture capital firm Systemiq Capital, Black Nova VC, and angel investors. This is the first time Systemiq Capital has invested in an Australian company.
