iluminr, a Sydney, Australia-based crisis response startup that create impact and brings resilience to life with the modern platform, raised $4.2 million in funding.
The round was led by the VC arm of global insurer QBE, with participation from local VCs Investible, Flying Fox and Jelix Ventures, and US-based Rebellion Ventures.
The funds will be used to expand into the US market, double the team, expand product offerings, and develop new distribution and sales channels.
CEO and co-founder Joshua Shields said. “A critical success factor in the raise was that we had a strong strategic alignment with QBE Ventures who were able to take a global view of our opportunity and bring to the table an extensive network of customers and partners.”
iluminr has more than 50 local customers, including Ramsay HealthCare, GPT, and the University of Sydney, and has secured a major US financial services customer as a beachhead into the US market.
Company: Catalyst Technologies Pty Ltd.
Raised: $4.2M
Round: Unknown
Funding Month: October 2022
Lead Investors: QBE
Additional Investors: Investible, Flying Fox, and Jelix Ventures, as well as US-based Rebellion Ventures
Company Website: https://iluminr.io/
Software Category: Crisis Response Software
About the Company: Founded by Joshua Shields and Marcus Vaughan in 2019 as Catalyst Technologies. iluminr is the modern platform for resilience professionals to reignite engagement, streamline preparedness, and empower response. The SaaS platform helps organizations identify and manage crises and mission-critical threats using cloud-based simulation, compliance, and response tools. Through gamification, iluminr combines microsimulations (short tabletop exercises), global threat monitoring, lightning-fast emergency notifications, and collaborative crisis event rooms to reignite engagement, streamline preparedness, and empower response to any threat. Its mission is to empower organizations to thrive through change with clarity and confidence.
Source: https://www.startupdaily.net/topic/funding/crisis-response-startup-raises-4-2-million-to-help-organisations-prep-for-disasters/