This week’s startup funding round-up features a construction procurement startup from Brisbane and a consumer finance startup from Melbourne.
This week’s startup funding round-up features a construction procurement startup from Brisbane and a consumer finance startup from Melbourne.
Keep reading to learn more about ProcurePro and Extraordinary Money, who together have raised a total of $19 million this week.
ProcurePro: $15 million
Brisbane construction procurement startup ProcurePro has raised $15 million (US$11 million) in a round led by Queensland government-backed QIC Ventures, with French construction giant Bouygues — already a customer — joining the cap table.
Related Article Block Placeholder Article ID: 336663
The round values the six-year-old company at more than $110 million (US$80 million) and drew existing backers AirTree and Glitch Capital alongside Bouygues, which invested via a venture vehicle managed by Paris-based VC ISAI.
ProcurePro plans to hire 100 people over the next 24 months across product, engineering and go-to-market.
Smarter business news. Straight to your inbox.
For startup founders, small businesses and leaders. Build sharper instincts and better strategy by learning from Australia’s smartest business minds. Sign up for free.
By continuing, you agree to our Terms & Conditions and Privacy Policy.
It will also look to stand up its first US office while scaling its existing offices in Brisbane, London, and Dubai.
The company says it has now been deployed across more than 6,000 projects globally.
A group of former Up Bank staff has raised $4 million in pre-seed funding for a new Melbourne startup, betting that agentic AI will fundamentally change how consumers manage money.
Extraordinary Money, also known as XMO, was co-founded by former Up chief product officer Anson Parker and payments executive Sam Mendelsohn.
The round was co-led by Airtree Ventures and Triple Bubble, with participation from Arconic Capital and several angel investors.
The startup plans to launch in Australia within the next 12 months and is currently applying for both an Australian Financial Services Licence (AFSL) and an Australian Credit Licence (ACL).
The company describes itself as building “AI-native consumer finance”, arguing the next wave of fintech products will move beyond adding chatbot features to existing banking apps.