Recently Funded Companies in Australia (week ending Nov 29, 2024)

These companies were funded all over Australia, ranging from seed to IPO, just in the past week. If I missed any, let me know. If you want to contact the founders, sign up below.

Vast

• Industry: Power Grid

• Headquarters: Darlinghurst, New South Wales, Australia

• Number of Employees: 11 - 50

• Funding Status: IPO

• Last Funding Date: November 25, 2024

• Last Funding Amount: $19,509,175 (Grant)

• Total Funding Amount: $32,793,762

• Description: Vast specializes in concentrated solar thermal power, providing clean, dispatchable energy and green fuels.

Fresho

• Industry: Food and Beverage

• Headquarters: Melbourne, Victoria, Australia

• Number of Employees: 51 - 100

• Funding Status: Early Stage Venture

• Last Funding Date: November 26, 2024

• Last Funding Amount: $17,000,000 (Series B)

• Total Funding Amount: $34,230,000

• Description: Fresho is a leading software platform for the food industry that enhances the ordering experience between food suppliers and hospitality businesses. The company recently secured $17 million in an oversubscribed Series B funding round to accelerate AI innovation and expand into the US market

  1. https://www.fruitnet.com/produce-plus/wholesale-ordering-platform-fresho-hits-us50mn-funding/264032.article

  2. https://www.globenewswire.com/news-release/2024/11/26/2987536/0/en/Fresho-secures-17M-Series-B-to-transform-fresh-food-wholesale-with-AI-powered-ordering-platform.html

  3. https://pulse2.com/fresho-ai-based-ordering-platform-company-raises-17-million-series-b/

Ajust

• Industry: Consumer Lending

• Headquarters: Sydney, New South Wales, Australia

• Number of Employees: 1 - 10

• Funding Status: Seed

• Last Funding Date: November 29, 2024

• Last Funding Amount: $2,000,000 (Seed)

• Total Funding Amount: $2,000,000

• Description: Ajust develops a complaint redressal platform aimed at facilitating consumer complaints in sectors such as banking and telecom.

Vast's IPO

Vast has recently gone public with an IPO that raised approximately $19.5 million. This funding will support its efforts in delivering clean energy solutions through concentrated solar thermal technology.

Fresho's Series B Funding Round

Fresho has successfully closed a Series B funding round of $17 million. This brings its total funding to $50 million. The investment will focus on enhancing its AI capabilities and expanding operations in the US market starting in 2025. The platform has processed over 30 million orders since its inception and aims to reduce food waste significantly through improved order management

1. https://www.fruitnet.com/produce-plus/wholesale-ordering-platform-fresho-hits-us50mn-funding/264032.article

2. https://www.globenewswire.com/news-release/2024/11/26/2987536/0/en/Fresho-secures-17M-Series-B-to-transform-fresh-food-wholesale-with-AI-powered-ordering-platform.html

3. https://pulse2.com/fresho-ai-based-ordering-platform-company-raises-17-million-series-b/

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Ajust's Seed Funding

Ajust has raised $2 million in seed funding to further develop its platform designed for consumer complaint management across various industries. This funding will help enhance its services and expand its reach within the consumer lending sector. These companies represent a growing trend in their respective industries towards leveraging technology for improved efficiency and sustainability.