NG Solution Team
Technology

Which two Australian startups raised $19 million this week?

This week, two Australian startups have successfully raised a total of $19 million. ProcurePro, a Brisbane-based construction procurement company, secured $15 million in a funding round led by QIC Ventures and joined by French construction giant Bouygues. The company aims to expand its workforce and establish a presence in the US, while continuing to grow its operations in Brisbane, London, and Dubai. Meanwhile, Extraordinary Money, a Melbourne-based consumer finance startup founded by former Up Bank staff, raised $4 million in pre-seed funding. The company is focused on developing AI-native consumer finance solutions and plans to launch in Australia within the next year.

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