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The overall tally of startup funding announced this week may be smaller than the weeks gone by, but we think this is only the beginning for these Aussie startups.
Take a look at six Aussie startups that together raised $45.1 million this week — plus a bonus early-stage startup that now has more than $100,000 in prizes to help it grow.
Upstream: $20 million
Energy startup Upstream has secured a $20 million investment from MA Financial’s growth ventures business, according to the Australian Financial Review.
Founded in 2013 by Nathan Begley, Upstream aims to help companies lower their energy costs by fitting out its clients’ sites, such as retail stores or bank branches, with its own solar panels along and ancillary infrastructure.
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Eight Aussie startups that raised $85.6 million this week
Startup funding is off to a strong start in August, with these week's tally reaching $85.6 million from eight startups spanning sectors including mining tech, cybersecurity, wellness, food waste and medtech.
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