Funding roundup October 11 – October 15: FrankieOne secures $20m, GovConnex raises $1m to organise authorities information and Rabobank launches Australia-first rural group fund

Dynamic Enterprise brings you the important thing start-up fundraising rounds from this week:

Reejig proclaims $6 million funding 

 Reejig, a workforce intelligence platform that employs audited moral AI to allow enterprise companies to make good and knowledgeable expertise choices, has introduced a $6 million Sequence A capital deal. 

Skip Capital, run by Kim Jackson and her husband, Atlassian co-founder Scott Farquhar, led the funding, with participation from Airtree Ventures, Didier Elzinga and Greta Bradman, and Proper Click on Capital, an present Reejig investor. The funding follows the corporate’s preliminary seed spherical of $2.2 million in 2020.

The Reejig platform, based in 2019 by Siobhan Savage, Mike Reed, and Dr Shujia Zhang, addresses a few of the most troublesome HR issues, reminiscent of hiring, retaining, and reskilling staff – with the purpose of attaining zero wasted potential in folks and companies. 

By combining information from present enterprise HR techniques (ATS, HR, and LMS) and publicly obtainable sources, the platform leverages AI to offer organisations with full consciousness of the capabilities inside their workforce and {the marketplace}.

FrankieOne closes $20 million Sequence A

 FrankieOne, an id and fraud prevention platform, mentioned that it has closed a star-studded $20 million Sequence A spherical to allow its worldwide enlargement. 

The spherical was led by Australian enterprise capital heavyweights AirTree Ventures and Greycroft, a US-based VC agency that has beforehand invested in Bumble, HuffPost, and Venmo. Along with Harry Stebbings’ UK-based 20VC, Reinventure, Tidal Ventures, APEX Capital, and Mantis VC competed to hitch the spherical.

A number of movie star traders, together with worldwide music sensations The Chainsmokers, Robinhood Founder and CEO Vlad Tenev, Monzo Founder Tom Blomfield, and senior executives from Revolut and, have joined the combination in an Australian first.

GovConnex raises $1 million for enlargement

GovConnex, a political intelligence and relationship administration platform, has accomplished a $1 million funding spherical sponsored by new Australian enterprise capital agency Black Nova. 

The brand new funding will enable GovConnex to scale its platform and organise all of Australia’s authorities information. Following early success within the authorities relations house, the demand for an answer like GovConnex has grown as entry to authorities data and the power to simply handle threat has develop into vital for unions, business associations, nonprofits, authorities relations groups, and public affairs groups.

BuildAi has introduced a $1.9 million seed funding spherical

 BuildAi, an AI-powered development administration platform, has raised $1.9 million in its latest seed spherical, led by a slew of high-profile development members and traders, because the sector scrambles to search out viable solutions to COVID-19 lockdowns. 

Marr Contracting, Whole Constructions, Galileo Ventures, Markus Preston (CEO The Preston Group), Angus Kennard (Kennards Rent), Stuart Ford (Ex MD Ford Civil), and a number of other different angel traders have all contributed to the spherical, with the hope that predictive final result expertise would be the key to getting development websites again on observe safely. 

Rabobank, an agribusiness banking specialist, has launched a fund to put money into the long-term viability and vibrancy of rural communities in Australia. 

The Rabo Group Fund, Australia’s first of its variety, relies on the worldwide Rabo Basis, the worldwide agricultural banking cooperative’s social fund. 

The Rabo Group Fund, which is funded by an annual contribution from Rabobank Australia & New Zealand, has launched with an preliminary $2 million, which is being invested in quite a lot of initiatives to learn rural and regional communities throughout Australia and New Zealand recognized by the financial institution’s native Consumer Councils.

Australian Moral launches Excessive Conviction Home Equities Fund for wholesale traders

 Australian Moral, Australia’s funding and tremendous fund supervisor, has launched a brand new actively-managed Excessive Conviction Fund for wholesale purchasers to complement its present Australian Shares and Rising Corporations Funds. 

The Fund seeks long-term capital improvement and revenue by specializing in a concentrated portfolio of 20 to 35 Australian and New Zealand firms, principally from the S&P/ASX 300, that meet the Australian Moral Constitution’s social, environmental, and monetary credentials.

 It goals to put money into mid- and large-cap firms with main market positions, and supply publicity to forward-looking industries like renewables, healthcare, communications, and data expertise.

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