3139 rounds · 1984 startups · 3630 investors
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Suzuki has taken an undisclosed strategic stake in Applied EV, an Australian developer of software-based vehicle control systems, to speed development work for future mobility applications.
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Melbourne wearable diagnostics startup Nutromics raised US$14 million (A$20.5 million), led by Dexcom's venture arm with VU Venture Partners and Artesian, to fund clinical studies and expansion.
Insurtech upcover has rolled out a monthly payment option for business insurance, built in-house, following its recent seed round which included debt financing provided by Etika.
Spacecubed's Plus Eight Accelerator has named six startups advancing to its final phase, giving them access to a $500,000 seed funding pool and a Demo Night pitch at December's West Tech Fest.
UK animation company Plane Characters Productions announces seven new distribution channels and says it intends to raise its next round via equity crowdfunding on Seedrs, with further rounds planned for later years.
Wi-Fi chip startup Morse Micro has raised a $140 million Series B led by Japan's MegaChips with $100 million, with Blackbird and Main Sequence also investing, to secure manufacturing and grow in Japan.
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SmartCompany covers the launch of Women Changing The World Investments, a membership-based venture fund intending to back Australian women-led businesses; its size is undisclosed and no capital has been committed.
Victoria co-funds a feasibility study for a large magnesium plant using CSIRO's MagSonic process, commercialised by Magnium, which earlier raised $3.24 million and received Western Australian study funding.
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Amid the tech downturn, a roundup of five Australian companies that recently secured backing: Behaviol, LUMOS, Zipr, Envirma, plus OIF Ventures closing its third fund at $140 million.
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Space software firm Saber Astronautics has received a US Air Force TACFI award of $540,000 to further develop its Space Cockpit space operations software, building on earlier support won in 2019.
Electric aircraft maker AMSL Aero closed a $23 million Series B with St Baker, IP Group, TelstraSuper and Hostplus as it commercialises its Vertiia aircraft, having earlier won a $3 million CRC Program grant.
OIF Ventures has closed its third fund at $140m, beating its original $100m target, with founder backers including Peter Lilley and Andrew Barnes; earlier trade sales underpin its strong returns.
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Clinical trials platform Evrima has secured $3 million in a round led by Artesian's Sydney arm, the first deal through its new Female Leaders VC Fund, with BridgeLane Capital and Wavemaker Partners taking part.
Australian biotech OccuRx secured $16 million co-led by Brandon BioCatalyst and Uniseed, including a CUREator grant, to advance its oral anti-fibrosis therapy into kidney disease trials; two executives also joined.
Sydney esports startup Behaviol, co-founded by cricketer Kumar Sangakkara, has raised seed capital to grow its metaverse cricket game, led by a Singapore investment firm with several individual sports and web3 backers joining.
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Australian fintech OwnHome, backed by CommBank, has officially launched its deposit-gap homebuying service in Brisbane after a beta trial, with co-founder James Bowe announcing the expansion.
Tenacious Ventures opens its raise for a second agri-food tech fund targeting $70 million, and looks back at the hard, oversubscribed close of its first fund.
Ellume's Australian operations have entered voluntary administration, with FTI Consulting appointed administrators; the US business continues. The Brisbane diagnostics maker earlier raised $5 million and won a big US government supply contract.
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Walmart has bought a minority stake in Nebraska rancher-owned beef processor Sustainable Beef, joining its board and partnering to source Angus beef from the company's new processing plant opening by late 2024.
Payments sales leader Alexi Paxinos has been hired by Sydney fintech Shaype as Head of Business Development, with CEO Andrew Laycock welcoming him as the embedded finance platform accelerates growth.
Property investment firm PLMD Group previously collected £560,000 across two rounds and now aims to secure £1 million within a year via crowdfunding, targeting expanded assets under management in the build-to-rent sector.
Square Peg's retrospective of 2019: five new portfolio companies, several large rounds it led or co-led, two acquisitions, two IPOs, new team members, and its capital deployed across new and follow-on deals.
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Square Peg podcast episode with Athena Home Loans' founders Nathan and Michael on lessons from building the mortgage challenger, their earlier ventures iSelect and NABTrade, and its record raise from local backers.
Podcast episode where Vero's co-founder discusses bootstrapping, later raising venture capital, and how Startmate helped validate the messaging platform with customers.
A biomedical startup launched publicly at an entrepreneurship event, with its co-founder and chief executive describing antibiofilm technology targeting antimicrobial resistance, alongside mention of a prior grant and a raise.
Software company ConnectWise has acquired Wise-Sync, an Australian payment automation platform, with founder Paul MacNeill joining ConnectWise as General Manager, Payments.
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Car subscription software firm Loopit hires Nima Idel to lead product growth, shortly after completing its first external capital raise of $3.6 million as it plans further expansion.
Carbon measurement startup NetNada has raised seed money from Skalata Ventures, which is shifting to rolling investments, and previously won a NSW government grant and completed UNSW and CSIRO programs.
Also Techboard
Blackbird profiles Black.ai chief executive Keaton Okkonen, covering his Startmate 2017 origins, the company's broadening industries, and its recent fundraise and team growth.
Bridging-loan lender Bridgit reports reaching a billion dollars in loan applications within a year of launching, driven largely by downsizers; the piece also recalls its equity raise and venture debt facility.
Sydney advertising tech company LUMOS has closed an oversubscribed pre-seed round backed by two capital firms, a syndicate and several angel investors, to expand its billboard backpack platform across Australia.
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Brisbane digital healthcare company Midnight Health has raised a Series A from insurer nib, valuing it at $48 million, following an earlier investment, with funds going to technology, staff and new product launches.
Two manufacturers, Leakster and Voltin, are named the first winners of ARM Hub's SPRINTS AI accelerator, each receiving in-kind support after pitching to an industry and academic panel.
Coverage of Andrew Tate's deplatforming and his shift to Rumble, which then topped the app charts; the piece also notes the video platform's backers and its earlier stated plan to list on Nasdaq.
Aura Group marks the second anniversary of its Tactical Opportunities Fund, citing performance against falling benchmarks, monthly investor distributions, donated fees, and an ongoing charitable partnership with Opportunity International Australia.
The renewable energy agency funds a company's trial putting fifty electric vehicle chargers on street power poles across nine New South Wales council areas, with partners supplying hardware, charging services and green power.
New Zealand conversational AI company Ambit has raised NZ$1 million from Quidnet Ventures and an angel investor to grow its Australian presence, where it already serves clients including Laybuy and Glassons.
Sydney device-security software firm Devicie has raised a $14 million Series A led by Insight Partners with CyberCX, after an earlier seed round, to fund overseas growth and team expansion.
Also Startup Daily
Maker of whisky and gin tasting boxes plans an equity crowdfunding campaign on Birchal to fund Southeast Asian expansion, having earlier taken capital from Koala's co-founders; no money has been raised yet.
New Zealand customer messaging startup Atomic.io closed a Series A led by Movac, with several Xero figures investing, and is expanding into Australia with a Melbourne base.
A taste-preference trial at UNE is testing how cattle respond to Rumin8's methane-reducing feed additive, guiding dosing and efficacy decisions as the company moves from lab work into animal studies.
Supply chain traceability startup Orijin Plus appoints ex-FlyBuys chief John Merakovsky as chair, alongside a new board member and CTO, as it prepares to launch in Singapore.
A company update promoting Cashero's imminent global app launch, describing its development history, marketing plans, and an ongoing pre-launch investment round closing at the end of August.
Company update promoting Zellebrate's local retail platform, citing expert praise and early verbal interest in its £1.5m funding round; founder and CEO Chris Russell invites enquiries.
ARENA grants $838,000 to Hardwick Processors for a demonstration heat pump at its Kyneton meat plant, and has also recently funded Ground Source Systems' solar and ground-source heat pump trial at a NSW broiler facility.
Also @AuManufacturing
Victoria's government is offering ten million dollars in grants, up to one hundred thousand each, helping small manufacturers qualify as suppliers for Hanwha's howitzer contract. No recipients named yet.
Bridgit, a non-bank bridging loan provider, has hired Stephen Doyle as Head of Distribution, drawing on his aggregator and broker-channel background at Loan Market Group, NAB and AFG.