Ledger. Australian venture funding, tracked

3114 rounds · 1967 startups · 3622 investors

Key

Person Invested in this round Raised it Closed a fund Mentioned

Amount confirmed Amount is an estimate


2 deals

The Victorian government is investing $100 million into university startups

Breakthrough Victoria launched a $100m program with nine Victorian universities to fund university startups; its first $7.5m went into Melbourne's $15m Genesis Pre-Seed Fund, and RMIT spin-out Atmo Biosciences recently raised $9.6 million.

Seed $1.2m

Generation Instagram startup The Daily Aus banks $1.2 million from Canva execs and former Nine boss David Gyngell

News startup The Daily Aus has raised a $1.2 million seed round led by former Nine CEO David Gyngell, with Canva executives and Untitled Group also investing, to grow its newsroom and expand internationally.

Series B US$198m

Rio Tinto joins Gates to back renewable hydrogen startup as miners look to future tech

Mining major Rio Tinto has joined Bill Gates' fund and other industrial and cleantech backers in a US$198 million Series B for hydrogen electrolyser developer Electric Hydrogen; Fortescue's electrolyser investments are also noted.

28 deals

FUNDED APRIL 2022

Techboard's monthly roundup cataloguing April 2022 Australian startup funding: megadeals, seed rounds, grants and crowdfunding, nine acquisitions, several ASX listings, and venture firms' fund news.

2 deals

Evergen to invest more in solar and battery controls after fund raising led by FRV

Energy software firm Evergen has closed a $15 million round led by FRV-X to grow its solar and battery optimisation platforms, crediting the new federal government with restoring investor confidence in Australian clean tech.

Also Techboard

Seed US$6.8m

Kindness wins as female-founded gaming studio secures record investment

Australian gaming studio Lumi Interactive, founded by Lauren Clinnick and Christina Chen, has raised a US$6.75 million seed round led by a16z to grow its wellbeing-focused mobile game Kinder World.

Also Startup Daily·SmartCompany·SmartCompany

2 deals

Funeral disruptor defies deadly market conditions to bank $10m

Republished AFR report on funeral startup Bare banking a ten-million-dollar round from Perennial and Ord Minnett, plus rival Willed's June raise from Thorney, Ellerston and a Bell Potter investor.

Also OIF Ventures portfolio·SmartCompany·Startup Daily·Techboard·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany

Fund close $21m+

NRMA backs VC’s $50 million agritech fund

Mandalay Venture Partners' sustainability-focused agrifood tech fund has secured over $21 million in commitments toward a $50 million target, with NRMA as cornerstone investor plus personal commitments from Phillip St Baker and Angus Cameron.

Also @AuManufacturing·Techboard

Exit / M&A

Joust appoints Fintech and Banking experience to Board

Online home loans marketplace Joust adds Virginia Marshall and Stuart Stoyan as non-executive directors, drawing on their banking and fintech backgrounds at Westpac, SocietyOne, MoneyPlace and Fintech Australia.

3 deals

Melbourne Uni launches two investment funds, worth $115 million, to back research commercialisation startups

University of Melbourne launches a $15m pre-seed fund with Breakthrough Victoria and a $100m fund run by Tanarra Capital for research commercialisation; the piece also recalls ANU's Instaclustr sale to NetApp.

Funding announcement

IoT pioneer Morse Micro wins big from NSW government support for Tech Central

NSW government backing for Morse Micro's HaLow Wi-Fi expansion in Tech Central is still subject to a formal agreement, UTS plans a defence-compliant vault, and five scaleups are named as first recipients of accommodation rebates.

2 deals

Female-founded VAPAR raises $2.5 million to take on sewage pipelines and storm drains

Pipeline inspection software firm VAPAR, co-founded by Amanda Siqueira and Michelle Aguilar, lands seed backing to expand its AI defect-detection platform overseas, after earlier support from Blackbird Ventures and Startmate.

Also Startup Daily

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