3118 rounds · 1969 startups · 3626 investors
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Adatree's founder recalls early grant and competition funding her startup won, then gives four tips for chasing government grants: research sources, check eligibility, treat applying rigorously, and partner with researchers.
Company update on MatLogica, a computing-software firm, covering its banking analytics product, a UK innovation grant, a machine learning expansion with Professor Roland Olsson, and a planned September 2022 Series A.
Wholesale Investor profiles Primal Organix, a terpene supplement maker, listing its sales, margins and leadership as it seeks A$5 million from investors to expand its product range and enter new markets.
Sydney leakproof apparel brand Modibodi is being acquired by Sweden's Essity for $140 million, nine years after founder Kristy Chong bootstrapped it; Quadrant backed the company in 2019.
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Intern placement platform InternMatch has raised a $10 million Series A led by property developer Doma Group, with advisory firm Henslow also investing, to fund expansion into Canada, the US and the UK.
Startup Daily's SUDS podcast episode features Adviser Ratings chief Angus Woods discussing crypto collapses, social media fraud and tech job cuts, plus conversations with founders from EarlyWork, Sidekicker and Gheorg.
Opinion analysis arguing Woolworths' Metro60 one-hour grocery service threatens venture-backed rapid delivery startups, citing SEND's shutdown, VOLY's staff cuts and Milkrun's funding reliance as evidence the 15-minute model is unsustainable in Australia.
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Company update from blockchain payments startup Cashero setting a September product launch, a July security audit, and an open pre-launch equity offering priced at £1.15 a share, closing 31 August 2022.
Zip is shutting down its personal finance app Pocketbook from August 5, ten years after its Sydney founding, to refocus resources on its core ANZ market and integrate features into the Zip App.
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Breakthrough Victoria announces an investment in Seer Medical, a Victorian epilepsy home-monitoring medtech, to fund workforce growth, R&D and expansion into the United States and United Kingdom.
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Western Australia's government is distributing $8 million through its new Innovation Seed Fund to 17 health research projects, including $500,000 for medtech VeinTech, and has opened the Major Research Application Support program.
Giant Leap's impact newsletter announces its first fund is complete, discusses sleeptech and healthtech credibility, cites Climate Salad's climate report, and notes new programs for Indigenous founders and climate research commercialisation.
Sydney fintech Anility has raised a $600,000 seed round from strategic investors to automate financial statement analysis, helping banks, lenders and insurers assess business financial health in real time.
Also Techboard
Seven Canberra startups have been selected for matched grants of $10,000-$30,000 each through CBRIN's Innovation Connect program, backed by the ACT Government, with a combined $180,000 distributed this round.
Also Techboard
ANCA's hybrid additive-subtractive toolmaking machine project advances, backed by a $928,000 nine-month IMCRC-supported collaboration, following earlier funded work with CSIRO, a $390,000 AMGC grant and Victorian Government voucher support.
Twelve big battery projects have been shortlisted to apply for a federal renewable agency's grid-scale storage grants, while the agency's earlier backing of grid-forming batteries, including one at Broken Hill, is recalled.
Gold Coast reputation-tech startup Cloutly raised $500,000 pre-seed led by Unify Ventures with several angels joining, to grow its team and product; it reports six-figure ARR and over 150 paying business customers.
New Zealand document-collection startup FileInvite raised a Series A led by Icehouse Ventures, with new backers Forefront Venture Partners and Vulpes Ventures, to replace email for requesting and sharing documents.
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Boat rental marketplace Floatspace has added Amaysim co-founder Rolf Hansen as an investor and board member, and is now seeking a $3 million Series A to grow in Australia and the US.
Insurance platform Upcover has secured a $2.7 million seed round plus $2 million in debt from Antler Australia, Betterlabs and insurance executives, to fund product development and customer acquisition for its embedded SMB insurance API.
Also SmartCompany
Casual staffing platform Sidekicker has raised $20 million from long-time backer Seek Investments to expand across Australia and New Zealand and upgrade its platform, amid strong post-COVID demand for casual workers.
OneVentures publishes an interview with Edrolo co-founder and co-CEO Ben Sze, discussing the education company. No funding, exit, hire or cohort details are stated in the available text.
Australia's motoring clubs, via Australian Motoring Services and led by the NRMA, have taken full ownership of EV charging network Chargefox in a deal reportedly worth nearly $30 million, valuing the business at $56 million.
Startupbootcamp profiles Sonnant, an AI platform helping media companies digitise, during week five of its Sports and EventTech program, drawing on an interview with founder Tony Simmons about mentors and product fit.
Quickstep is partnering with Defence researchers, DMTC and UNSW on the Hype-X project to develop heat-resistant composite materials for hypersonic aircraft structures, with commercialisation rights to new intellectual property.
Brisbane biotech Infensa Bioscience raised $23 million to develop a heart-attack and stroke treatment derived from funnel-web spider venom, after spinning out of the University of Queensland.
OpenInvest, a Melbourne fintech investment platform, has hired industry veteran Andrew Rutter as Senior Consultant to help sell its white label digital investing solution to wealth management firms.
Sidekicker, an Australian and New Zealand casual staffing marketplace, has raised $20 million from SEEK Investments to expand across ANZ and upgrade its platform.
Also SmartCompany·Cut Through Venture·SmartCompany·SmartCompany·Women's Agenda
Startup News recaps its most-read WA startup stories for the June quarter and the 2021-22 financial year, listing funding raises, acquisitions and other headlines that drew readers.
Australian crypto card startup CryptoSpend has launched its first national advertising campaign and recently closed another funding round, with its founders reporting strong trading and everyday crypto spending despite market dips.
Paytron's co-founders reflect on lessons from their first year after raising a seed round, covering customer focus, hiring, pivoting and prioritisation as the payments startup grew from three to thirty staff.
Also Startup Daily
Palisade Real Assets announced in July 2022 its purchase of UK renewable energy asset manager Eco2 Management Services, to underpin a new bioenergy platform investing in anaerobic digestion assets across the UK and Europe.
Asparagopsis seaweed feed supplement reaches commercial phase in Australia as CH4 Global records first feedlot sales. FutureFeed licenses CSIRO-discovered technology, with Sea Forest and SeaStock also taking orders from beef producers.
Banking SaaS firm Pismo has hired Simon Keys to lead business development across Oceania. The article also recalls the company's $108 million Series B, led by Amazon, SoftBank and Accel, in October 2021.
RAC's Perth-based BetterLabs Venture Fund has deployed more than $2.5 million across eight Australian startups in six months, including seed funding for Snackr, taking its portfolio to 22 investments and over $12 million.
Also Startup Daily·Cut Through Venture·SmartCompany·Startup Daily
RFC Ambrian reports NextOre's magnetic resonance ore sorting system is fully commissioned at First Quantum's Kansanshi mine, now the world's highest capacity plant, and recalls portfolio company Chrysos Corporation's recent ASX listing.
Startupbootcamp profiles IN.LIVE, a streaming platform for independent creators, as one of the teams in the current Sports and EventTech cohort, noting mentor guidance and introductions the program aims to provide.
Perth medtech VeinTech, maker of the VeinWave imaging device, has partnered with early backer Carbon Group, whose co-founder Jamie Davison has joined as CFO, while its founders keep raising their seed round.
Startup Daily reports neobank Volt is winding up, returning deposits and selling its mortgage book after a failed capital raise, recapping earlier raises by Judo Bank and Alex plus past neobank failures and acquisitions.
Also Startup Daily
Clinical trials matching startup HealthMatch halves its team, shedding 18 jobs, 18 months after a Square Peg-led raise. The piece also recalls funding for Volt and Milkrun and reports the closures of Volt and Send.
Podcast episode with the two founders of IDEA, a new school for young entrepreneurs, covering their accelerator graduation, early backing from BetterLabs Ventures, and first student cohort.
Five New South Wales solar panel and battery recycling and reuse projects share $7.4 million in state government Circular Solar grants, funding new recycling facilities in Sydney and Albury plus reuse research.
MGA Thermal has opened the first stage of its Newcastle manufacturing facility, targeting daily production of thermal storage blocks, and the article recalls its $8 million raise backed by Main Sequence and other investors.
Also @AuManufacturing·@AuManufacturing·@AuManufacturing·RenewEconomy·RenewEconomy
Volt, Australia's first licensed neobank, is closing its deposit-taking business and handing back its banking licence after global capital raising failed, telling customers to move funds; the article recalls Xinja, 86 400 and Judo outcomes.
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Gold Coast lender Funding.com.au has launched a broker portal for lodging and tracking loans, following its Series B raise and a new debt facility with MA Financial, plus team expansion.
Australian neobank Volt Bank is shutting down its deposit-taking business, returning customer deposits by early July 2022 and giving up its banking licence, with APRA monitoring the wind-down.
Also Startup Daily
CyberCX has invested an undisclosed sum in Adelaide-founded whitelisting vendor Airlock Digital to support its push into the US and Europe. The piece also recalls CyberCX's earlier acquisitions of Tracer Cloud, Consegna Cloud and Xello Australia.
Managed services provider Advent One has acquired networking firm Layer 8 Networks to strengthen its hybrid cloud offering, with Layer 8 gaining sales, marketing support and access to Advent One's customers.