Australian startup ventures Uptick, Sinorbis and LawAdvisor have secured investment and are aiming to grow their business operations in markets such as Hong Kong, Singapore and the UK.
Uptick closes $1.6m investment, targets Asia for expansion
Melbourne-based startup Uptick that has developed a tech platform for building compliance has secured A$1.6 million ($1.19 million) in new investment from Tempus Partners and Equity Venture Partners. The startup operates in the building compliance and maintenance industry, offering a platform that offers a way to maintain a building as a service provider, owner or the manager.
Uptick’s platform provides two key products. There is a job management for service providers and facility management for building owners and managers. The platform digitises regular compliance processes and automates the reports and invoicing, as well as processes such as quarterly fire safety checks. This streamlining allows its customers to simplify management of compliance and maintenance across multiple sites.
This streamlining allows its customers to simplify management of compliance and maintenance across multiple sites. It also has a central database to manage information about its building sites.
Uptick had closed an A$195,000 seed round in January 2016. This latest round will allow for the addition of another 13 employees to its team of 23 over the next 12 months. Uptick was bootstrapped before its seed round in 2016, but due to the volume of new clients, the venture had to raise external investment to grow and match demand, the company said.
Singapore, Hong Kong, the US and Canada are target markets for the company as it expands.
LawAdvisor closes investment, opens London office
Melbourne-founded legal tech startup LawAdvisor has secured a strategic investment from global consulting group Janders Dean and opened a new office in London. It allows individuals and businesses to connect with verified legal practitioners.
The firm has raised more than A$1 million to date and plans to raise an additional round later in the year. It will launch its platform in the UK in September According to its founder and chief executive Brennan Ong, LawAdvisor will grow its operations even further, with Singapore, Hong Kong and Canada expansion targets.
The closing of a strategic investment from Janders Dean is aligned with the consultancy’s own business operations and is complementary to their work. According to Ong, the startup has had to make strategic choices in terms of selecting revenue pathways for monetising and becoming a sustainable enterprise without expending capital, while also proving market viability and product-market fit.
The decision to expand into the UK is due to the similarity of the legal market there to Australia.
Sinorbis closes A$2.3m bridging round
Sydney-based cloud-based digital marketing startup Sinorbis has secured A$2.3 million ($1.71 million) in new funding. The latest funding round will accelerate its efforts to help businesses in Australia and globally access China’s growing consumer market, the company said. It was led by the team behind advertising firm Executive Channel Holdings.
The latest investment brings aggregate funding raised to A$3.9 million since its inception in 2016. Sirborbis maintains offices in Sydney, Shanghai, Beijing and Colombo.
Sinorbis offers a platform for businesses outside China to build a digital presence through the development of websites that are powered by search engine optimisation for Chinese sites, search engines and social media sites.
With the Chinese consumer market emerging as the largest in the world, the lack of Google, Facebook, Wikipedia and other popular digital platforms translates to a challenging online environment for foreign brands to raise awareness.
With Chinese consumer demand for overseas products and services growing, Sinorbis aims to aid foreign enterprises to target their digital marketing efforts using their cloud-based digital marketing platform, the company said. Sinorbis also has education and consulting arms.
Later this year, Siorbis also plans to launch social media marketing features enabling businesses to grow awareness through channels like WeChat. The latest funding round will finance further business and product development.