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Monday, November 25, 2024

The Dazzling Dozen: Antler in Australia backs 12 new early-stage startups with $2.7 million


Since saying the shut of their oversubscribed second fund at $77 million and enlargement to Brisbane final week, Antler has now unveiled 12 of their newest investments. 

According to Antler’s sector-agnostic focus to seek out the absolute best founders in Australia, these 12 new startups span a broad vary of industries together with retail, sustainability, productiveness, telecommunications, and well being and wellness. 

The founders, who joined Antler’s eleventh residency in 2023, come from varied backgrounds and experiences, together with Macquarie, Birchal, NAB, Mable, Salesforce, Uber, and the Australian Greens. 

“We’re thrilled to again such a high-calibre group of founders who convey deep experience and a powerful observe file to their respective industries,” Antler in Australia normal companion, Mike Abbott stated.

“Their pace of execution and skill to hit key milestones in such a short while is a testomony to the standard and ambition of this cohort.”

Antler runs twice-yearly residencies in Australia, choosing 70+ founders per cohort by way of a extremely aggressive course of.

Over 10 weeks, individuals construct their startups and discover cofounders with Antler’s steerage. The residency culminates in a pitch for $225,000 in pre-seed funding. In change, Antler takes a 12% fairness stake, with the potential for follow-on funding as soon as the startup secures extra funding. 

Right here’s a have a look at their latest portfolio firms and what they do. 

Authentified 

Founders: Ben Chamberlain (CEO) and David Johnson (CTO) 

Business: B2B Software program

authentified.co 

The Dazzling Dozen: Antler in Australia backs 12 new early-stage startups with .7 million

Authentified founders Ben Chamberlain and David Johnson

Authentified is remodeling the style resale market by enabling prospects to consign pre-loved style in underneath 30 seconds immediately from the order historical past web page of a model’s web site.

The platform automates itemizing, managing, and promoting these things throughout a number of second-hand marketplaces like eBay. 

Inside its first six months, Authentified efficiently built-in its resolution with two main Australian manufacturers, together with a full-term settlement with DECJUBA.

The platform has already automated 100% of the consignment course of, consigned over 200 objects, and is constructing momentum with 100+ prospects onboarded. 

 

Balo 

Founders: Michael Joo (CEO) and Yomi Joseph (CTO) 

Business: B2B Software program

getbalo.com

Balo founders Michael Joo and Yomi Joseph

Balo is pioneering a brand new mannequin for enterprise software program assist, often known as the Professional-Pushed Assist Desk (EDHD), which connects customers to high world consultants on demand for hands-on technical, strategic, and coaching assist.

This Pay-As-You-Go mannequin is a cost-efficient different to conventional inside groups, vendor assist, or third-party companies. This makes Balo significantly engaging to enterprises utilizing advanced software program like Salesforce and Microsoft. 

Already producing vital curiosity within the $300B+ enterprise software program market, Balo has amassed waitlists of 350 customers and 450 consultants, with 36 Salesforce companies able to pilot the platform. 

Bella 

Founder: Danilo Podrascanin (CEO) 

Business: B2B Software program

bellasales.co 

Bella founder and CEO Danilo Podrascanin

Bella is an revolutionary B2B gross sales agent platform automating LinkedIn and e-mail outreach.

By leveraging superior AI, Bella offers detailed prospect analysis and personalised messaging while dealing with replies and scheduling conferences at a fraction of the price of conventional gross sales groups. This AI-driven method considerably boosts outreach effectiveness, permitting companies to scale gross sales efforts with out including headcount. 

Since launching in February, Bella has attracted over 100 registered customers, reaching $2,000 in month-to-month recurring income. The platform boasts a 41.5% connection acceptance charge and a 39% reply charge—effectively above trade averages. Bella’s shoppers profit from 4x greater engagement at simply 10% of the price of conventional strategies. 

Communiti Labs 

Founders: Steven Germain (CEO) and Daniel Ferguson (CTO) 

Business: B2B Software program 

communitilabs.com

Communiti Labs provides an AI-powered knowledge analytics platform that transforms suggestions from in-person and on-line engagement actions into actionable methods.

The platform gathers and analyses survey knowledge from a number of channels, serving to organisations like native governments and firms perceive group sentiment and buyer suggestions, driving higher decision-making and engagement methods. 

Communiti Labs is already working with notable shoppers, working paid pilots with the Metropolis of Melbourne, Launceston, and Brimbank.

The corporate’s MVP 2.0 is at present being deployed to over 50 heat leads, and it’s a high finalist within the Australian Crimson Cross Humanitech Accelerator, competing for a $100,000 paid pilot. 

Frontcover 

Founder: Alan Crabbe (CEO) 

Business: ConsumerTech

frontcover.io 

Frontcover founder and CEO Alan Crabbe

Frontcover is a community-driven platform designed to maintain members engaged with real-time visible updates, vital hyperlinks, and bulletins – all with out the distractions of conventional social media platforms.

Based by one of many coounders of Birchal, Alan Crabbe, Frontcover empowers communities to draw new members and enchantment to manufacturers for partnerships and collaborations. 

Frontcover has attracted over 40 lively communities and practically 2,000 members. It has gained traction throughout a number of acquisition channels and is concentrating on $120K ARR throughout the subsequent few months. The platform has 10 lively model collaborations already underway, and brand-owned communities have reported profitable product launches by way of Frontcover, contributing to vital gross sales progress. 

JubJub 

Founders: Tom McCarthy (CEO) and Gilbert Pochet (CTO) 

Business: B2B Software program

jubjubapp.com 

JubJub is constructing the infrastructure for a linked media trade, providing a platform that simplifies content material administration, distribution, and monetisation for creators and media firms.

Its clear and automatic workflows save time and scale back prices for enterprise media organisations and content material creators. As such, companies can streamline publishing throughout varied channels whereas making a cost community that permits seamless income sharing. 

JubJub’s MVP has already been adopted by movie festivals, high-profile YouTube groups, and podcasters. It’s additionally establishing partnerships with peak trade our bodies to additional improve its distribution capabilities.

Because the media trade undergoes a major transformation, JubJub is primed to play a important function in addressing the rising demand for extra environment friendly content material distribution and monetisation. 

Lyngo AI 

Founders: Tanmay Patel (CEO) and Cam Moore (CTO) 

Business: B2B Software program | Yr of Funding: 2024

lyngo.ai 

Tanmay Patel and Cam Moore

Lyngo founders Tanmay Patel and Cam Moore

To fight many pressures on the healthcare system, Lyngo AI provides a 24/7 automated telephone answering system designed for clinics. It manages affected person FAQs, appointment scheduling, and messages, lowering the burden on administrative workers and clinicians whereas bettering affected person service. 

Since launching in March 2024, Lyngo AI has expanded to 4 international locations with paying prospects and constructed a powerful gross sales pipeline with over 100 clinics within the product. The corporate has achieved this progress with zero advertising and marketing spend and is at present in partnership discussions with one of many largest PMS programs in allied well being to additional scale its attain.

Pactify 

Founders: Rahul Moudgil (CEO) and Nagendra Yadav (CTO) 

Business: B2B Software program

pactifyai.com

Pactify is constructing an working system for mental property licensing, tailor-made to the calls for of the creator financial system.

With expertise managers overseeing 30 creators without delay, every with their very own income streams and IP, Pactify is designed to streamline the more and more advanced workflows concerned in managing creators’ belongings and model relations.

Pactify’s present focus is to supply an AI-powered CRM-style software program that may rework agreements into marketing campaign briefs, deliverables, duties, and invoices. Their imaginative and prescient is to supply broader licensing options the place creators and types can use Pactify as a one-stop platform for seamless collaboration. 

Pactify has quickly secured 35 world LOIs and two paid pilots with main expertise administration companies in India. It has additionally launched a roster administration system which onboarded 30 customers in its first two weeks, and is increasing its affect throughout key markets such because the US and UK. 

Seestone 

Founders: Nilufer Haksever (CEO) and Josh Leask (CTO) 

Business: B2B Software program

seestone.co 

Josh Leask and Nilufer Haksever

Seestone founders Josh Leask and Nilufer Haksever

Seestone is an AI-powered shopping for platform that helps style retailers make higher buying selections. By offering data-driven insights, error detection, trade benchmarking, and automatic assortment planning, Seestone reduces the monetary burden of extra stock whereas boosting full-price gross sales and revenue margins.

Seestone is at present working pilot exams with Australian style model Brie Leon, the place early outcomes have been promising.

The corporate can be in superior negotiations with certainly one of Australia’s largest attire and footwear retailers for a pilot and has acquired letters of intent from a number of style manufacturers wanting to undertake the platform. 

Shopfront 

Founders: Nathan Spiteri (CEO) and Drew Flaherty (CTO) 

Business: B2B Software program

shopfrontapp.co 

Shopfront streamlines the product itemizing course of for sellers on second-hand and different marketplaces. Utilizing AI and API integrations, Shopfront reduces the time wanted to listing a product from quarter-hour to lower than 1 minute throughout a number of marketplaces, making it simpler for sellers to handle giant volumes of listings. 

The corporate has gained early traction, with over 370 sellers on its waitlist and 4 market relationships underway. Shopfront is making ready for enterprise pilots in October. It has begun beta testing its integrations with three marketplaces, with plans to increase to 2 extra within the close to future. 

Spoony 

Founders: Nicholas Carlton (CEO) and Kenneth Liang (CTO) 

Business: ConsumerTech

spoony.app 

Kenneth Liang and Nicholas Carlton

Spoony founders Kenneth Liang and Nicholas Carlton

Spoony is a group platform designed for neurodivergent, chronically unwell, and disabled people, providing a protected, accessible, and stigma-free area for social connections and well being

administration. Whereas offering a worldwide group platform for customers to socialize with others and share their tales, Spoony additionally integrates instruments for symptom monitoring and AI-driven well being insights and connects customers with care suppliers for particular person and group assist. 

With over 40,000 customers on its waitlist and 12,000 lively customers, Spoony has rapidly gained traction. The platform ranks within the high 15 social apps on the App Retailer and the highest 17 on Google Play, with customers partaking a number of instances per day and reporting a 25% discount in loneliness on common. 

Yeyro 

Founders: Rav Brar (CEO) and Navdeep Brar (CTO) 

Business: B2B Software program

yeyro.com 

Yeyro provides enterprises a plug-and-play wearables resolution to watch employee well being and security, significantly in high-risk industries like mining and building.

By integrating their good watches and good rings – alongside main wearables manufacturers like Apple and Oura – with the Yeyro platform, firms can keep away from constructing their very own wearables infrastructure, lowering prices and deployment time. 

Yeyro has already secured commitments from six enterprises for pilot applications, with 1,000 customers throughout the transport, mining, and building sectors.

The corporate has bought over 1,000 wearables by way of its D2C model and generated greater than $150,000 in income. The enterprise resolution has seen vital curiosity, with 60 firms on the waitlist. 

 

Traders can study extra about and get involved with these startups and different latest Antler investments right here. 

Antler is at present taking purposes for its thirteenth Australian residency based mostly in Sydney, Melbourne, and now Brisbane.

If you happen to, or somebody you recognize, is able to construct their very own startup or have an current startup and want to scale, apply to Antler in Australia.

Its subsequent cohort kicks off in February 2025. 

  • StartupDaily is the official media companion of Antler in Australia.

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