# Advanced funding: rounds and investors

> Advanced has raised $16M across 2 rounds since 2025. Investors include Adrian Bunter, Alan Hegerty and Phil Cummins. Every round with its source.

Source: https://millionrounds.com/company/advanced (Millionrounds; every figure on the page links to its filing or article)

Australia · [Seed startup](https://millionrounds.com/companies)

# Who invested in *Advanced*

2 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Financial Services Fintech

Follow Advanced and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fadvanced)

Funding summary Updated 15 Nov 2026

**$16M** raised across 2 rounds since 2025, from 2 sources

**$15M** Debt **$1.5M** Seed

- **Latest round:** Seed, $1.5M May 2025
- **Biggest round:** $15M Debt · May 2025
- **Investors:** 4

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2026

**$15M** Debt

**$1.5M** Seed

- **First round:** Debt, $15M
- **Biggest round:** $15M

## The rounds

- **May 2025** Seed **$1.5M** *4 new* [Adrian Bunter](https://millionrounds.com/fund/adrian-bunter) [Alan Hegerty](https://millionrounds.com/fund/alan-hegerty) [Phil Cummins](https://millionrounds.com/fund/phil-cummins) [Wayne Gerard](https://millionrounds.com/fund/wayne-gerard) Reported by Startup Daily SEC filing: $1.8M sold, first sale Mar 2025
- **May 2025** Debt **$15M** No investor was named in the report. Source recorded

## Founders and team

From Advanced's own website: 1 founder, 2 on the team.

**Wayne Gerard** Founder

- **Adrian Bunter** Partner
- **Phil Cummins** Managing Director

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Debt** 2025 **Seed** 2025 [Adrian Bunter](https://millionrounds.com/fund/adrian-bunter) [Alan Hegerty](https://millionrounds.com/fund/alan-hegerty) [Phil Cummins](https://millionrounds.com/fund/phil-cummins) [Wayne Gerard](https://millionrounds.com/fund/wayne-gerard)

## Everyone who backed them

[Adrian Bunter](https://millionrounds.com/fund/adrian-bunter) Angel **1** round

[Alan Hegerty](https://millionrounds.com/fund/alan-hegerty) VC firm **1** round

[Phil Cummins](https://millionrounds.com/fund/phil-cummins) VC firm **1** round

[Wayne Gerard](https://millionrounds.com/fund/wayne-gerard) Angel **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=advanced).

## Quick answers about Advanced

### Who invested in Advanced?

Advanced's investors include Adrian Bunter, Alan Hegerty, Phil Cummins and Wayne Gerard.

### How much has Advanced raised?

Advanced has raised $16M across 2 rounds since 2025.

### When did Advanced last raise?

Advanced's most recent round was a Seed of $1.5M in May 2025.

### What was Advanced's biggest round?

Advanced's largest round on record is $15M (Debt), in May 2025.

### Who backed Advanced first?

Advanced's first round on record, in May 2025, was backed by Adrian Bunter, Alan Hegerty and Phil Cummins and 1 others.

### What stage is Advanced at?

Advanced's latest named round is a Seed, in May 2025.

### Where is Advanced based?

Advanced is based in Australia.

## Companies like Advanced

In the same sector, and raised in the last eighteen months.

[**Athena** $115M · Nov 2026](https://millionrounds.com/company/athena)[**Bizcap** $175M · Oct 2026](https://millionrounds.com/company/bizcap)[**Archa** $72M · Oct 2026](https://millionrounds.com/company/archa)[**OpenDebt** $2.0M · Sept 2026](https://millionrounds.com/company/opendebt)[**Hysata** $146M · Sept 2026](https://millionrounds.com/company/hysata)[**Pearler** $16M · Sept 2026](https://millionrounds.com/company/pearler)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app