Deals Digest: Delegate Connect raises $7.3m, HearLab nets $2.45m in seed funding

Melbourne-based virtual events platform Delegate Connect and New Zealand-headquartered medtech startup HearthLab have secured seed funding recently.

Delegate Connect raises $7.3m in seed funding

Melbourne-based virtual/hybrid events platform Delegate Connect announced raising A$10 million (about $7.3 million) in seed funding led by Australian venture investor AirTree Ventures.

The funding round was also backed by Skip Capital, TEN13, and Australian startup founders Alex Zaccaria (LinkTree) and Andrew Barnes (Go1).

The startup said it will use the funds to further fuel international growth and expand the team globally. This will include increasing its existing headcount from 45 in their Melbourne, London, and Norway offices to over 100 by recruiting an additional 65 roles by December 2021.

Delegate Connect said its end-to-end event platform has had rapid uptake during the COVID-19 pandemic.

“As the world opens up, the team is seeing increased demand for comprehensive hybrid technology platform, which seamlessly connects in person and online delegates, and takes the stress away from the event organiser,” the startup said.

Delegate Connect said this trend signals a longer-term shift to virtual and hybrid events where location, audience, venue, and time zone barriers don’t exist.

NZ-based medtech startup HeartLab bags $2.5m funding

Medtech startup HeartLab announced raising NZ$3.5 million ($2.5 million) in its seed funding round led by Silicon Valley’s Founder Fund and backed Icehouse Ventures, Outset Ventures, and Figma CEO Dylan Field.

HeartLab, which operates an AI-powered heart scanning and reporting platform, said the fresh capital will be used to hire more tech talent and ramp up sales in the US, where the AI-powered tools market is valued at about $1.5 billion.

The company said it will hire 10 new staff within the next six months. They will join its 13-strong team based in central Auckland.

HeartLab is already fielding interest from several US clinics and anticipates regulatory approval from the country’s Food and Drug Administration to be granted for its platform, called Pulse, in the first quarter of next year.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.