This week Australian startups saw $55.75 million raised across the neuroscience fitness and deceased estate management spaces.

We may only be a couple of weeks into January, but the Australian startup funding tap is already starting to trickle. This week saw $55.75 million raised across startups in neuroscience, deceased estate management and fitness spaces.

EstateXchange: $12.5 million

A startup addressing the challenges of deceased estate management, co-founded by childhood friends, has banked $12.5 million in its first raise.

Backing EstateXchange are Macquarie Capital, OIF Ventures, and billionaire Paul Little’s family office, with business exec Carol Schwartz and Pier 12 Capital chair Christine Christian also on board as angel investors.

The online platform digitises deceased estate management services for professional services firms dealing with executor administration, such as document sharing and verification. It connects lawyers, accountants and trustees with financial institutions, insurers, and others holding estate assets or providing services, such as a telecommunications company or share registry, offering the afterlife version of a data room, to save estate managers from the duplication of having to submit the same forms repeatedly to different organisations.

EstateXchange was founded in 2023 by Sarah Poole and Marielle Yeoh, who’ve been friends for more than three decades since high school, and have gone on to have careers in banking and property.

Read more on Startup Daily.

‍