ASX-listed Animoca Brands Corporation has backed accelerator Zeroth.ai while Tap info Safety has raised a growth round.
Animoca backs Zeroth.ai with $766k investment
Hong Kong-based artificial intelligence (AI) and machine learning accelerator Zeroth.ai has secured a strategic financial backing of A$1 million ($766,000) from mobile games and subscription products company Animoca Brands Corporation.
Animoca is headquartered in Hong Kong and listed on the Australia Securities Exchange (ASX). An international developer and publisher of mobile games and e-books, its brand portfolio includes household favourites including Garfield, Ben10, Doraemon, Thomas & Friends, Masters of the Universe and Ever After High.
Zeroth.ai invests pre-seed capital in select high-potential startups and provides them with operational, strategic and networking support. Currently, Zeroth.ai has 23 startups in its portfolio, including Dishq (India), Fano Labs (Hong Kong) and Laboratik (Japan), with plans to select candidates for a second investment round.
This latest investment is to be paid in four tranches of A$250,000 ($191,000) each, with the first tranche to be paid on the signing of a binding term sheet. Further tranches will be handed out following Zeroth.ai’s investments in its subsequent cohorts.
Animoca will secure an equity interest in Zeroth.ai’s startup portfolio in proportion to its investment.
Tap into Safety raises $574k
Perth-based workplace health and safety business Tap into Safety has raised an A$750,000 ($574,875) investment from Dorado Capital. It will use the proceeds to finance its expansion in Sydney and Melbourne, with plans for subsequent international expansion.
Founded in 2014 by husband and wife team Susanne and Geoff Bahn, the B2B startup operates two platforms targeted at large enterprises that look at hazard perception training and early-stage mental health interventions for employees.
Its instructive mental health intervention programme ‘All of Me’ provides employers with predictive analytics on their workforce. This permits employers to identify staff in the early stages of experiencing mental health concerns, in addition to letting businesses tailor their programmes to staff via a targeted approach.
Tap into Safety has previously secured some private investments and seed investments,