Financing Round 21 August – 26 August: Lumachain, Hello Clever and more

Dynamic Business brings you this week’s most important fundraising for startups:

hello slim

How much: AUD $4.5 million

Participants: Led by Vectr Fintech Partners with participation from CrossFund, Yolo Investments, Magnivia Ventures, Son Tech Ventures, Boson Ventures and notable angels such as Ken Cheung (former founder of Asia Pacific – Facebook and Instagram and co-founder of OurSong with John Legend) , Daniel Johnson of Mercurien Insurance and Bosco Tan.

Hello Clever is designed to help Australian Millennials and Generation Z track their income and expenses while using their own money to make payments as an alternative to credit-based Buy Now Pay Later (BNPL) services.

Intellischool

How Much: $3.3 Million

Participants: Led by Sydney VC EVP and supported by social impact investor Save the Children Impact Investment Fund, edtech ventures Schoolbox and Curio Ventures, and personal support from several edtech entrepreneurs.

lumachain

How Much: $28.3 Million

Participants: Led by CSIRO’s innovation fund, Main Sequence Ventures, which initially started up for 15 months.

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Supporting small businesses to work well mentally

The government supports small businesses to create safe and mentally healthy workplaces so that employees can thrive.

Small Business Minister Jaala Pulford and Workplace Safety Minister Ingrid Stitt today launched the Labor Government’s Workwell Toolkit for Small Business, a free online service offering practical ideas and information to help prevent mental harm in the workplace.

The toolkit has been revamped especially for small businesses and includes case studies and policy templates to promote mental wellbeing.

Funding to accelerate life-changing medical research

With increased grants to accelerate research breakthroughs, the government is supporting Victorian scientists to fight global health problems, including ovarian cancer.

Minister for Innovation, Medical Research and Digital Economy Jaala Pulford today announced the 21 recipients of the fifth round of the Labor Government’s Victorian Medical Research Acceleration Fund (VMRAF).

The program supports both early-stage research and commercialization-ready projects.

Researchers from 15 of Victoria’s medical research institutes will use the $3.4 million in grant to accelerate projects addressing a range of health issues, including dementia care, diabetes, IVF treatments and breast cancer.

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This post Financing Round 21 August – 26 August: Lumachain, Hello Clever and more

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