<article>Nuheara and GlamCorner have raised funding that will see investment proceeds finance the expansion of their business operations.</article>

Nuheara and GlamCorner have raised funding that will see investment proceeds finance the expansion of their business operations.
<h3>Nuheara raises $7.19m via share placement</h3>
Consumer wearables technology firm <a style="color: #000080;" href="http://www.nuheara.com/" target="_blank" rel="noopener noreferrer">Nuheara</a>, listed on the <a style="color: #000080;" href="http://dealstreetasia.com/tag/asx" target="_blank" rel="noopener noreferrer">Australian Securities Exchange (ASX)</a>, has raised A$9 million ($7.19 million) from institutional investors including Wilson Capital.
The company issued 97.8 million new shares priced at 2.5 per cent discount to the 15-day volume-weighted average price.
The latest capital raise follows an A$4.65 million round raised in May and brings its total funding to A$20 million since listing. Investment proceeds will be used to expand its technology offerings and boost its retail presence.
Its patented Nuheara earphone technology allows users to alter sound levels, amplifying conversations and suppressing background noise. It was developed by co-founders Justin Miller and David Cannington, in collaboration with scientists from universities in Australia and overseas.
The pre-revenue company listed on the ASX through a backdoor listing in March 2016 and engaged in a product crowdfunding campaign later that year that saw it raise in excess of A$1 million, during which the firm validated their product with market exposure and attracted the attention of distributors.
Since its listing, its share price has risen from 2.5 cents to 9.6 cents, an increase of 284 per cent.
<h3>GlamCorner closes $3.35m Series A</h3>
Sydney-based fashion-sharing startup <a href="https://www.glamcorner.com.au/" target="_blank" rel="noopener noreferrer">GlamCorner</a> has raised $4.2 million ($3.35 million) in Series A funding. <a href="http://dealstreetasia.com/tag/AirTree-Ventures" target="_blank" rel="noopener noreferrer">AirTree Ventures</a> led the round, having previously invested in other rounds. It <a style="color: #000080;" href="http://www.smh.com.au/small-business/smallbiz-tech/glam-corner-scores-in-the-sharing-economy-of-fashion-rental-20160303-gn9pt2.html" target="_blank" rel="noopener noreferrer">reportedly</a> invested A$500,000 in 2015 and an additional A$800,000 in 2016.
First-time investors in its round include Marshall Investments; Sass &amp; Bide co-founder Sarah-Jane Clarke; Silicon Valley-based <a style="color: #000080;" href="http://www.pfgrowth.com/" target="_blank" rel="noopener noreferrer">Partners for Growth</a>; and Impact Investment Group’s <a style="color: #000080;" href="http://www.giantleapfund.vc/" target="_blank" rel="noopener noreferrer">Giant Leap</a>.
GlamCorner enables users to rent designer dresses for between 10-15 per cent of the cost of purchasing dresses and emerged as part of the broader rise in on-demand services and the growth of the sharing economy, as well as changes in consumer habits.
The company has posted growth of 500 per cent in the last 12 months in revenue and customer base. Investment proceeds from the latest round will be used to scale and expand its inventory, as well as investing in logistics and technology to ensure faster delivery.
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Nuheara and GlamCorner have raised funding that will see investment proceeds finance the expansion of their business operations.

Australia: Nuheara raises $7.19m; GlamCorner secures Series A funding

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Australia: Nuheara raises $7.19m; GlamCorner secures Series A funding

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