Australia Dealbook: Whispir gets $8.95m funding ; MSM Corporation raises $3.8 m

Melbourne-based communications startup Whispir gets $8.95 million funding from global investors while Sydney-based Tech startup MSM Corporation International raises $3.8 million to expand its Megastar Millionaire platform into Asia.

Melbourne-based communications startup Whispir gets $8.95 million funding

Communications startup Whispir has secured a $8.95 million funding in Series A round from a range of global investors like Telstra Ventures, Singapore’s NSI Ventures and Rippledot Capital along with private investors and Whispir co-founder and CEO Jeromy Wells.

The funds will fuel the Melbourne-based communication-apps-as-a-service firm’s plans to boost its international expansion.

Whispir is a startup that offers a platform for businesses to customise the communications infrastructure it uses both internally and for interacting with customers.

The funding round will be used to facilitate a rapid global expansion, with the investors handpicked from the areas the startup will be initially targeting, Whispir CEO Jeromy Wells said in an interaction with Startupsmart.

“We’re very focused on expanding internationally on the back of a strong presence in Australia,” Wells said.

Whispir has a team of 50 thinkers, engineers, analysts, technologists, designers, product managers and customer evangelists, working in Australia, Singapore, New Zealand and the US, according to its website.Its clients include Telstra and Twilio, which both use the startup’s software platform as the basis of their internal messaging solution.

The company has grown rapidly in in Singapore and it aims to use this success as a base to roll-out across key markets in Asia.

Tech startup MSM Corporation raises $3.8 million to expand Megastar Millionaire platform into Asia

Sydney-based technology startup MSM Corporation International has raised about $3.8 million through issue of shares to a range of sophisticated and professional investors.

The ASX-listed company will use the funds to expand its Megastar Millionaire platform into Asia.Megastar Millionaire is a software platform for online talent contests, connecting “performers” with fans through an interactive, gamified experience.

The company is all set to launch its mobile-first, online-only talent discovery competition at the start of next year, according to an article by Startupsmart. The latest capital injection will be used to also accelerate the delivery and marketing of this and to enhance the user experience.

“It wasn’t really intended…We were in Hong Kong talking to investors to make them aware of what MSM is, what we’re doing and what the goal is for the company. There was just so much interest to enter those markets,” Megastar Millionaire Asia-Pacific manager Sophie McGill said.

The technology firm’s parent company MSM listed on ASX last year after raising $5.3 million through a reverse takeover of a mining shell.

Megastar Millionaire will be running its first talent competition at the start of next year in all Commonwealth countries and the US, with a closed beta trial beginning in the coming weeks.

The platform allows anyone with a social media following of at least 2000 to upload a video of them performing. The ultimate winner will receive $1 million.

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