3118 rounds · 1969 startups · 3626 investors
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Eaton Square acted for Onyx Projects' shareholders in the firm's sale to Sedgman, a CIMIC subsidiary. Both companies' managing directors welcomed the deal, which will broaden Sedgman's minerals processing offering.
OwnHome hires Janez Debevec as Head of Capital Markets to expand its debt and financial management capabilities, with co-founder James Bowe welcoming the structured finance veteran.
Skip Capital, owned by Atlassian co-founder Scott Farquhar and Kim Jackson, leads a conditional, non-binding bid with Stonepeak valuing Genex Power near $320 million; earlier stake-building and Stonepeak's renewables fund close are recalled.
ARENA announced funding for Edify Energy's advanced-inverter battery beside its Darlington Point solar farm in NSW, expanded to 150 MW, with the NSW Government adding money under its Emerging Energy Program.
A roundup of Australian startups that raised funds in recent weeks: mx51, Refundid, Storipress, HIVERY, InternMatch, upcover, Pearler and Loopit together secured over $100 million despite a cooling venture market.
Also Cut Through Venture
Coworking operator Spacecubed marked its tenth birthday with a $5.9 million Lotterywest grant to back Western Australia's early-stage ecosystem — the funder's largest single award, ten years after a smaller grant helped launch it.
Startmate's Winter '22 intake of 12 Australian and New Zealand startups is its first cohort with a majority of women founders, each receiving a set investment; the piece also notes a principal leaving for AWS.
Shearwater Capital profiles portfolio company Storipress, noting it has closed a seed round following its 2021 pre-seed raise and been accepted into Startmate's next cohort.
EnergyLab has picked ten Australian climate startups for its 2022 Climate Solutions Accelerator, a six-month program, with the group sharing $750,000 from angel investors.
Square Peg's half-year letter to investors reports a 32% net IRR, $582m returned across eleven exits, conservative revaluations amid market uncertainty, and a slower investing cadence ahead.
US tech giants are slowing or pausing hiring, while Atlassian says it will keep hiring toward 25,000 staff by 2026, according to a republished Information Age report.
A look back at Servian's acquisition by Cognizant eighteen months on, with partner Timothy Mannah discussing the transition, scale benefits, and ongoing challenges from Australia's technology skills shortage.
WA's New Industries Fund is backing 34 home-grown ventures with over $643,000 in Innovation Booster Grants, most receiving up to $20,000 for commercialisation support, with four funded via a life sciences stream.
Ex-prime minister Malcolm Turnbull has taken an undisclosed equity stake in US solar steam firm GlassPoint and joined its advisory board, as the Blackrock-rescued company pursues a giant solar heat project in Saudi Arabia.
Australian crypto exchange Cointree has named Jess Renden as its new chief executive, the first woman to lead the company, taking over from founder Shane Stevenson.
Brandon BioCatalyst's CUREator incubator names its first-round awardees, distributing government-backed funding across 23 Australian life science companies working on treatments from schizophrenia to diabetes, with round two applications now open.
The CUREator incubator, run by Brandon BioCatalist's partner organisation, names its first-round awardees, distributing government-backed grant funding across 23 Australian life science companies developing treatments for diseases including diabetes, cancer and COPD.
Streaming service Netflix has announced plans to acquire Sydney animation studio Animal Logic, subject to regulatory approval, with terms undisclosed; its entertainment arm stays independent.
Netflix has announced plans to buy Sydney animation studio Animal Logic, co-founded by Zareh Nalbandian, to strengthen its original animated content, subject to regulatory approvals.
Valocity Australia appoints Will Ryan as CEO and Maya Dekanovic as Customer Success Director, while Country Manager Mark Nassif moves to a project advisory role. The company also recently announced a data partnership with REIP.
Remarkable presents its 2022 accelerator cohort of eight disability-tech startups from Australia and the US at Demo Day, each having received seed funding, with a US program planned for next year alongside its sister organisation.
Biotech incubator CUREator has awarded its first grants, totalling $17.4 million, to 23 early-stage medical startups including Phrenix and RAGE Biotech, aiming to ready them for commercial investment.
Payments company mx51 has closed a Series B round of $32.5 million with existing backers participating, after an undisclosed lead investor, and plans to expand in Australia and internationally.
Also Australian FinTech·SmartCompany·Cut Through Venture·Startup Daily
Silicon Valley agrifood investor SVG announces plans for a Melbourne base and a $50 million fund for ANZ agtech, recalling its 2020 challenge award won by Ceres Tag.
Netflix announced it is buying Australian animation studio Animal Logic, known for films like Happy Feet, to expand its animation production capacity and compete with Disney+, with the deal expected to close this year.
Wealth platform Pearler closed a seed round led by Portage Ventures, with Archangel Ventures and Ten13 joining, to fund product development and expansion.
Also SmartCompany·Startup Daily·SmartCompany·Australian FinTech
Square Peg's investment note explains why it co-led predictive growth platform Voyantis' $19 million seed round with Target Global, covering the founders' backgrounds and the market shift toward predicting customer lifetime value.
Profile of New Zealand call-administration software company Vxt and founder Luke Campbell, covering its product pivot, its place in the Phase One incubator, and early backing by venture firm GD1.
Roundup of manufacturing items: a ventilation grant program reopens, MGC Pharma reports Long Covid trial results, CSIRO and CSCRC projects win iAwards, Spiral Blue completes satellite integration, and AML3D raises capital.
Also 3dprint.com
Startupbootcamp Australia introduces Aphetor, a creator-competition sports entertainment platform, profiling co-founder Carsten Thode and the company's goals within the accelerator's 2022 Sports and EventTech program, plus a call for mentors.
Climate tech firm Rumin8 has secured seven million dollars from Prelude Ventures and the Aware Super-backed Sentient WA Growth Fund to develop methane-reducing livestock feed supplements.
Rental-advance lender Futurerent has closed a $9 million Series A, with early backer OIF Ventures reinvesting alongside newcomers BridgeLane, Mulpha, iPartners, MFO Investments and Second Century Ventures.
Also OIF Ventures portfolio·OIF Ventures portfolio·Australian FinTech·Startup Daily
AfterWork Ventures' team reflects on lessons from raising their first community-powered fund, describing their fundraising approach, community generosity, and recognition on The Australian's Innovator's List.
ANZ has told the ASX it is in talks with KKR about a possible takeover of accounting software firm MYOB, though no agreement exists and the deal may not proceed.
SourseAI has promoted Tanya Hyams-Young from product chief to chief executive, with Matt Jones shifting to a revenue role while keeping his director seat, as the founding team turns to European growth.
Retail shelf-optimisation software maker Hivery has secured a $30 million Series B led by Tiger Global, with Blackbird Ventures, AS1 Growth Partners and OneVentures joining, to grow its assortment-planning products.
Also SmartCompany·Startup Daily·Cut Through Venture·SmartCompany
RegTech firm Synnch has appointed Adam Stead, an eCommerce product leader with Shopify partnership experience, as Chief Technology Officer to lead product development as the company grows.
Techboard's monthly roundup logs June 2022 Australian funding events, including GO1's Series E, Edrolo's Series B, two acquisitions, several new funds reaching closes, and accelerator intake announcements.
Also Techboard
Profile of South Australian agtech GoMicro, whose low-cost phone microscope and AI app assess produce ripeness, showcased at a Queensland forum, building on earlier competition wins with Bayer and a food waste accelerator.
FormFlow and Deakin University finished a 12-month research project backed by IMCRC funding, producing two steel-bending technologies and jobs for Deakin students, deepening the startup's university partnership.
Also @AuManufacturing
ANZ has confirmed talks to buy accounting software firm MYOB from private equity owner KKR, with a reported price above $4.5 billion, though no agreement has been reached and regulators must still approve any deal.
A profile of Sydney sustainable office furniture startup Recess, covering its soundproof Nook booths, rebrand from Nook, customer growth, and the $1 million raise it secured in late 2021 from angel and private investors.
Sydney adtech firm BlendAI has secured $1.5 million in a round led by venture fund EVP to grow customers, improve its machine learning advertising product and make its first go-to-market hires.
Magnium Australia has raised funds to scale its carbon-neutral magnesium process, with a proof plant targeted for December; separate government money will back a desalination byproduct feasibility study at Collie.
WeMoney closed a $7 million round in March 2022, led by Full Circle VC and Betterlabs with new backers, following its 2020 seed raise, to fund product development.
Also Startup News (WA)·Cut Through Venture·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Australian FinTech
Australia's science agency received a Defence Innovation Hub grant to build a CBRN respirator with two manufacturers and a university.
Digital tax platform Selfmade is raising A$2 million for customer acquisition and has hired ex-Xero product executive Ben Styles; its founders previously took a fintech to an ASX listing.
Zip and Sezzle have called off their merger agreement, citing market conditions. Sezzle receives an eleven million US dollar payment from Zip to cover transaction-related costs.
Cipher Sports Technology Group has closed a $5m Series A led by Cygnet Capital, a privately owned Australian investment group, to speed its expansion into legal sports betting in the United States.