Nine ANZ businesses raised across two weeks in June. Some are tiny cheques, some are big ones, and almost none of them are another SaaS dashboard.
The raises
Nardo (Sydney). $1M pre-seed for software that helps grassroots and semi-pro clubs design, order and manage team kit. Tim Cahill came in as an investor and strategic partner.
Alloovium (Brisbane). Into Y Combinator. Construction AI that automates compliance, safety and reporting paperwork on site. The co-founders are heading to San Francisco.
Gutgutgoose (Queensland). Also into Y Combinator. Personalised probiotics built from an at-home stool test and microbiome sequencing.
QuantX Labs (SA). $7M seed led by Serendipity Capital for optical atomic clocks it says are 10 to 100 times more stable than existing systems. Bootstrapped to commercialisation, it has sold timing systems to Defence and flown its tech on a SpaceX mission.
Dentroid (Canberra). $32M at a $265M valuation, as reported by the AFR. Its device uses pulses of light to numb teeth and gums, aiming to cut down on needles. French dental giant Septodont signed a global licensing partnership and joined the round.
Silicon Quantum Computing (Sydney). Another $40M from the National Reconstruction Fund, taking the NRF’s total in the company to $60M. SQC builds quantum chips with atomic precision, a process it says is unique in the world.
New Energy Transport (NSW). $5M to put 20 electric prime movers and 6 mobile fast-chargers on freight corridors around Sydney, saving a reported 2.5 million litres of diesel a year.
Earlytrade (Sydney). About $14.2M (US$10M) for construction payments. Founded in 2018 by Guy Saxelby and Piers Symons, and now incorporated in the US.
ReSmart (Sydney). $1.14M through equity crowdfunding from 783 investors, with Antler backing it again. The recycling platform says it is nearing breakeven.
My read
Nine businesses, all ANZ, two weeks. The spread is the point: dentistry, quantum, freight, recycling and footy kit, all getting funded at once.