Dynamic Business brings you the key startup fundraising rounds from this week:
Fintech Asendium raises $1.1 million
Asendium, a financial advice startup, has raised more than $1.1 million. A mix of institutional investors, including Holon Global Investments, as well as various affiliated and independent financial advisers and private investors, participated in the round.
The cash will be used to improve the company’s technological capabilities, product development, and integrations. Asendium aims to change the way financial advisers provide advice by creating all required advice documents at the same time, through one instance of data entry.
Unyoked launches crowdfund campaign to promote post-COVID-19 cultural change
Australian-owned nature startup, Unyoked announced the opening of a limited parcel of their fundraises specifically for their customers, available via equity crowdfunding platform, Birchal.
This follows a rise of $6 million to help more people get out of the city and back into the wilderness. Led by GCI’s Leap Capital Fund, the round includes reinvestment from Unyoked’s existing shareholders and marks the undeniable potential of the post-COVID wave of cultural change.
Within the first 24 hours of the crowdfunding and only going to their customers, five-year-old Unyoked had an interest of 300% over the target.
Expressions of Interest for the Unyoked equity crowdfund are now open here.
Hindsite banks $3.25 million seed round
Hindsite, a micro-training platform, has raised $3.25 million in a seed round to expand its global reach. 360 Trading founder Matt Kuppe, Ironbridge Capital’s Greg Ruddock, Terry Hartan, and Duncan Alexander led the round, which now values the company at $18 million.
In a 2018 pre-seed round, previous backers included angel investor ACAC Innovation, as well as friends and family.
Video games platform Mod.io raises $35 million
Mod.io, a gaming user-generated content (UGC) platform, has secured US$25 million (A$35 million) in a Series A round. The round was led by the venture capital arm of Tencent, the world’s largest video game vendor.
In the round, the Chinese firm joined LEGO Ventures, OIF Ventures, and current investors Makers Fund, Play Ventures, Sequoia Capital India’s Surge, and GameTech Ventures.
The Melbourne startup, which launched in 2019, has 450,000 users accessing the platform daily. It connects game studios with community-driven UGC. The funding will be used to advance plans for collaborative digital play in what it sees as a UGC-fueled metaverse.
FinTech Australia launches investor map for the fintech industry
FinTech Australia has released a free new map for fintech that includes information on investors in the Australian fintech industry. The map features a range of investors from across the country, including venture capitalists, angel funds, corporate investors, crowdfunding investors, and incubators.
Investors can sign up for free on the map, which also breaks down the types of funding each group offers. For instance, it can narrow down if a VC firm exclusively invests in Series A rounds. The map is open to all members of the fintech and startup communities and is free to use.
Investors can apply to be included on the map by checking in and filling out the form on the website here.
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