Excite secures $2.1 million funding

Excite Technology Services (Excite) has secured commitments for $2.1 million in funding through the issue of convertible notes to a small group of institutional investors, including continued support from Belgravia Strategic Equities,

The funds will be used to accelerate key initiatives across the company, including a restructuring of its cost-base and operational enhancements aimed at achieving cash flow break-even.

The capital raise follows a $2.8 million investment in May.

The company also announced that it achieved record monthly sales with value of contracts totalling $7.14 million in September 2025.

"This achievement reflects strong demand across Excite’s cybersecurity, digital forensics, and managed services offerings, with notable contributions from both government and enterprise sectors," the company said in the statement released to market.

Bryan Saba, CEO and MD of Excite, said the result would not have been possible without the strength of its partnerships, particularly with Nuix.

“The sales achievement is above and beyond our previous record set in June 2025 with ~$3 million in sales," he said.

"It’s also a demonstration of the adjustment to the Excite Strategy where there is increased emphasis on organic growth via the investment in our own business development and capability, and embracing the unique technology partnerships Excite now has.”

In June, Excite won a $676,000 contract with the Department of Home Affairs, and last month, the company secured a $2.14 million contract renewal with Keyton Retirement Living.