Logistics, vaccines, medicinal cannabis and subscription management software all feature in this week’s startup funding round-up. In total we counted five local startups that revealed raises of more than $54 million this week. Australian founded biotech Psylo — which is developing a non-hallucinogenic neuroplastogen with for therapeutic use — announced the “successful first close toward an US$8 million USD series seed financing” this week.
Psylo CEO and co-founder Josh Ismin confirmed with SmartCompany that this first close was for US$5 million — roughly $7.5 million. The company is hoping to close on the additional US$3 million ($4.
5 million) towards the end of next quarter. This is the company’s second seed round, having closed on $5 million back in 2022 . This followed a smaller $1.
1 million round in 2021. We’ll be keeping an eye out for when they close out this latest round later in the year. Ofload: $31 million Geoffroy Henry, CEO of Ofload.
Source: Supplied. Sydney-based logistics startup Ofload has completed a $31 million capital raise, which it is using to support the roll-out of its newly launched carbon emissions tracking tool. The former Smart50 finalist is now valued at $350 million, which according to the company, represents a 200% increase in its valuation in under two years.
Ofload was founded in 2019 by Geoffroy Henry as a digital platform focused on helping companies make their supply chains more efficient. This week it launched its Carbon Ana.
