After final week’s $211 million raised throughout six startups – that largely to Heidi Well being’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 firms collectively elevating a collective $13.4m.
The largest increase got here from GXE, which secured $3.3 million in Collection A funding for its personal asset administration platform, adopted by local weather tech startup Conry Tech, Optimaze, Good Warmth, PredicTX and Inaam rounding out the listing.
GXE: $3.3 million
GXE co-founders Ed Hooper and Andrew Armstrong. Supply: Provided.
Serial entrepreneurs Ed Hooper and Andrew Armstrong lead this week’s funding round-up, after elevating $3.3 million in an oversubscribed Collection A spherical for his or her all-in-one platform that gives a “simpler and smarter” solution to handle personal property.
That is the third capital increase for GXE, which was based by Hooper and Armstrong in 2020, one yr after Omny Studio, the audio administration platform they co-founded in 2012, was bought to Los Angeles-based Triton Digital.
An earlier iteration of the corporate, referred to as Startup Galaxy, offered a startup listing and jobs board earlier than later including an funding function.
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 personal 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.
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Conry Tech: $3 million
Supply: Provided
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 Collection A spherical in 2026.
It would use the brand new funding to progress the following steps for taking its air-conditioning system to market, highlighting its means to considerably scale back industrial vitality payments and carbon emissions.
“The aim is simple. Build the world’s best air-conditioner,” mentioned CEO Sam Ringwaldt.
“We’ve spent five years in R&D to get to this point, and this raise allows us to accelerate through the next steps of our go-to-market strategy.”
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Optimaze: $3 million
Optimaze founders Dawshiek Yogathasar and Ralf Capel. Supply: Provided.
An AI-based “cloud waste” startup has raised $3 million in pre-seed funding to assist firms 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 personal beta, with a waitlist for preview entry to the software program.
The funding will likely be used to broaden its engineering group, speed up the product roadmap, and arrange strategic partnerships with cloud companies, kicking off with AWS.
Australian spending on cloud computing is predicted to hit $15 billion subsequent yr, and Gartner estimates a minimum of 30% of cloud spend is wasted.
However Optimaze founders Ralf Capel and Dawshiek Yogathasar imagine the true value and inefficiency might be considerably increased than $4.5 billion, particularly when the environmental impacts are additionally taken into consideration.
“Cloud waste has spiralled out of control, costing businesses billions and demanding roughly 1% of global energy consumption,” Capel mentioned.
“As an alternative of addressing the foundation trigger, right this moment firms are pouring more cash into increasing cloud infrastructure and monetary operations, making the issue exponentially worse.
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Good Warmth: $2 million
Good Warmth cofounders Bauke van Gent, Tom Geiser and Bruis van Vlijmen. Supply: Provided
A Sydney startup utilizing batteries to exchange fuel for industrial warmth and reduce enterprise vitality prices has raised greater than $2 million.
Good Warmth will deploy large-scale thermal vitality storage techniques powered by low cost renewable electrical energy to supply industrial warmth at costs beneath fuel.
Plans for Australia’s largest warmth battery improvement, for a major industrial buyer, are already underway in Victoria, with the startup saying the challenge will save the manufacturing unit greater than $1.5 million yearly on its vitality invoice, in addition to reduce carbon emissions by changing fuel.
The increase was led by Understorey Ventures, the household fund of AstraZeneca CEO Pascal Soriot, with assist 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 vitality challenge improvement and vitality markets on the likes of Neon and Infigen, in addition to batteries.
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PredicTX: $1.6 million
PredicTx co-founders Abhijeet Waykar and professor Justin Yeung. Supply: Provided.
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 recent capital.
The funding got here from the college’s Genesis Pre-Seed Fund, a authorities grant and angel funding, and will likely 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 world 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 will likely be held.
Waykar mentioned the funding from Genesis is the College of Melbourne’s endorsement of the industrial viability and world 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 “body surface area” methodology.
“This raise gives us the momentum to move from research into real-world clinical impact,” he mentioned.
“Our immediate focus is on validating the technology with oncologists and cancer centres in Australia and India, before scaling internationally.”
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Inaam: $500,000
Inaam founder Arjun Agarwal (centre) with the group. Supply: Provided.
Melbourne-based startup Inaam has secured $500,000 in pre-seed funding to gasoline the launch of its influence 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 firms, some distinguished girls traders and household places of work.
Based by CEO Arjun Agarwal, Inaam’s purpose is to assist younger individuals make investments responsibly and observe 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 through the app’s gamified consumer expertise.
Inaam additionally permits customers to measure the consequences of their investments in tangible phrases, akin to timber planted, renewable vitality generated, or carbon emissions averted.
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