After final week’s $211 million raised throughout six startups – that largely to Heidi Health’s $98m Seris B in addition to particulars of Octopus Deploy’s 2024 $45.6m spherical rising, mid October appears extra regular, with six Australian corporations collectively elevating a collective $13.4m.
The largest increase got here from GXE, which secured $3.3 million in Sequence A funding for its non-public asset administration platform, adopted by local weather tech startup Conry Tech, Optimaze, Good Warmth, PredicTX and Inaam rounding out the record.
GXE: $3.3 million
Serial entrepreneurs Ed Hooper and Andrew Armstrong lead this week’s funding round-up, after elevating $3.3 million in an oversubscribed Sequence A spherical for his or her all-in-one platform that provides a “easier and smarter” technique to handle non-public belongings.
That is the third capital increase for GXE, which was based by Hooper and Armstrong in 2020, one 12 months after Omny Studio, the audio administration platform they co-founded in 2012, was sold to Los Angeles-based Triton Digital.
An earlier iteration of the corporate, known as Startup Galaxy, offered a startup listing and jobs board earlier than later adding an investment feature.
The most recent funding spherical included participation from US-based fund Second Century Ventures and Australian traders Archangel and Australian Medical Angels. It brings GXE’s complete funding raised so far to $5.3 million.
GXE’s software program platform acts as a one-stop store for fund managers, household places of work and funding professionals to handle their non-public investments higher. It’s designed to assist these traders streamline operations by enhancing the effectivity of their securities administration, investor communications, and tax and regulatory compliance.
Conry Tech: $3 million
Melbourne-based local weather tech startup Conry Tech has raised $3 million in seed funding for its Australian-made air con system, named BullAnt.
The spherical was led by specialist local weather investor Audacy. It follows a $1.6 million pre-seed increase in late 2024 and brings Conry Tech’s complete capital raised to $13 million.
The startup, which was based in 2020 by HVAC trade veteran Ron Conry, alongside Sam and Brenda Ringwaldt, is planning to lift a Sequence A spherical in 2026.
It’ll use the brand new funding to progress the following steps for taking its air-conditioning system to market, highlighting its capability to considerably scale back business power payments and carbon emissions.
“The purpose is easy. Construct the world’s greatest air-conditioner,” mentioned CEO Sam Ringwaldt.
“We’ve spent 5 years in R&D to get up to now, and this increase permits us to speed up via the following steps of our go-to-market technique.”
Optimaze: $3 million
An AI-based “cloud waste” startup has raised $3 million in pre-seed funding to assist corporations save billions on their cloud prices.
The spherical for Optimaze was led by Arconic and The Innovation Membership. The Sydney startup is at present in non-public beta, with a waitlist for preview entry to the software program.
The funding can be used to increase its engineering group, speed up the product roadmap, and arrange strategic partnerships with cloud providers, kicking off with AWS.
Australian spending on cloud computing is predicted to hit $15 billion subsequent 12 months, and Gartner estimates at the very least 30% of cloud spend is wasted.
However Optimaze founders Ralf Capel and Dawshiek Yogathasar consider the true value and inefficiency might be considerably larger than $4.5 billion, particularly when the environmental impacts are additionally taken under consideration.
“Cloud waste has spiralled uncontrolled, costing companies billions and demanding roughly 1% of worldwide power consumption,” Capel mentioned.
“As a substitute of addressing the foundation trigger, in the present day corporations are pouring extra money into increasing cloud infrastructure and monetary operations, making the issue exponentially worse.
Good Warmth: $2 million
A Sydney startup utilizing batteries to switch fuel for industrial warmth and lower enterprise power prices has raised greater than $2 million.
Good Warmth will deploy large-scale thermal power storage programs powered by low-cost renewable electrical energy to supply industrial warmth at costs under fuel.
Plans for Australia’s largest warmth battery growth, for a big industrial buyer, are already underway in Victoria, with the startup saying the challenge will save the manufacturing facility greater than $1.5 million yearly on its power invoice, in addition to lower carbon emissions by changing fuel.
The increase was led by Understorey Ventures, the household fund of AstraZeneca CEO Pascal Soriot, with help from native local weather tech VC Investible, and 2100VC, the European fund linked to the Benetton industrial group.
Good Warmth was co-founded by Bauke van Gent, Tom Geiser and Bruis van Vlijmen in early 2025.
Their expertise spans greenfield power challenge growth and power markets on the likes of Neon and Infigen, in addition to batteries.
PredicTX: $1.6 million
PredicTx Well being, a College of Melbourne spin-out that makes use of AI to personalise chemo dosing based mostly on physique composition evaluation, has raised $1.6 million in contemporary capital.
The funding got here from the college’s Genesis Pre-Seed Fund, a authorities grant and angel funding, and can be used to commercialise a world-first AI-powered precision oncology platform.
PredicTx was co-founded by professor Justin Yeung, head of surgical procedure at Western Well being, and Abhijeet Waykar, founder of worldwide health-integration startup Lenia Well being, utilizing College of Melbourne analysis.
The challenge is supported by Western Well being, the place the primary scientific validation research can be held.
Waykar mentioned the funding from Genesis is the College of Melbourne’s endorsement of the business viability and international potential of PredicTx’s expertise, which makes use of CT scans and machine studying to analyse a affected person’s muscle and bone composition, permitting clinicians to personalise chemotherapy doses relatively than counting on the present one-size-fits-all “physique floor space” technique.
“This increase offers us the momentum to maneuver from analysis into real-world scientific impression,” he mentioned.
“Our speedy focus is on validating the expertise with oncologists and most cancers centres in Australia and India, earlier than scaling internationally.”
Inaam: $500,000
Melbourne-based startup Inaam has secured $500,000 in pre-seed funding to gasoline the launch of its impression funding platform for younger traders.
The funding comes from Startupbootcamp’s Sustainable Fintech Fund and Singapore-based enterprise capital agency Hatcher+ VC, in addition to Startmate mentors, executives from ASX50-listed corporations, some distinguished girls traders and household places of work.
Based by CEO Arjun Agarwal, Inaam’s aim is to assist younger individuals make investments responsibly and monitor the real-world results of their investments.
These traders can use the platform to entry customized micro-portfolios beginning at $10 a month, whereas additionally enhancing their funding literacy by way of the app’s gamified consumer expertise.
Inaam additionally permits customers to measure the results of their investments in tangible phrases, akin to bushes planted, renewable power generated, or carbon emissions prevented.
