3110 rounds · 1965 startups · 3617 investors
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GrainCorp has launched GrainCorp Ventures, a corporate venture fund set up with Artesian Venture Partners, intending to back early-stage agtech, animal nutrition and food innovation startups, building on prior investments including Hone and FutureFeed.
A new composites manufacturing cooperative research centre, SoMAC, has received Commonwealth backing of $69.9 million under round 23 of the CRC Program, alongside partner contributions, with its leadership and bid partners named.
Seven South Australian manufacturers, including Bickford's, Orora and Inovor Technologies, have received federal grants totalling $48 million under Round 2 of the Modern Manufacturing Initiative's Integration and Translation streams.
Startupbootcamp announces nine global sport and event technology startups chosen for its 2022 program, run with Australian sporting partners, starting in June.
A defence innovation agency showcases funded companies: one gained a $1.74m contract and an industry award for its optical radar pod, another secured naval export orders, in a publisher series backed by a defence contractor.
Grain supply chain platform AgriDigital closed a A$25 million equity-and-debt round to improve its platform, grow its finance fund and expand into North America; earlier backers include 1st Course Capital and Square Peg Capital.
Analysis of why rapid grocery delivery startups SEND and Quicko have shut down, with a retail academic explaining the tough economics facing remaining players Milkrun and Voly against major retailers and meal apps.
A commentator argues a $12 million federal manufacturing grant to wheel maker Carbon Revolution was unnecessary, since the Geelong company would have built its Mega production line regardless; its shares jumped on the news.
Also @AuManufacturing
Aura Ventures sets out why it backed Layer's seed round with several co-investors, covering the gaming IP licensing opportunity and the founders' relevant experience.
Profile of Feline, a startup founded by Kymberley and Peter Talbot developing safer lithium-ion cells for marine and defence use, supported by AMGC co-funding and defence partnerships.
Podcast interview with Slyp co-founder Paul Weingarth on digitising receipts and loyalty, with all four major Australian banks having invested in the company.
The federal energy minister visited an Adelaide solar panel maker to open its expanded production facility, which had received a government manufacturing grant, as the writer notes such visits are uncommon.
Opinion piece by Practifi's co-founder arguing Australia's startup ecosystem ranking has slipped and urging CGT reform, simpler grants and visa support, recalling the firm's venture-backed Series A.
Travel management firm Locomote and safety platform JESI have won a joint deal with Chevron. The article also recalls Locomote's 2016 sale to Travelport, the founders' 2021 buyback and a $4 million funding round.
QuickFee has closed a A$4 million share placement to institutional and family office investors, with payments processor Payroc participating, to fund US growth; a A$0.5 million share purchase plan was also announced.
Gilmour Space Technologies has received a fifteen-million-dollar government contract to build and launch a surveillance satellite for Defence, with the company also recalling a larger consortium grant awarded earlier in the year.
Leading Edge Data Centres has received a 30 million dollar equity investment from DigitalBridge Group to speed up its regional Australian edge data centre expansion over the next two years.
Roundup of Australian manufacturing items: Manildra draws on CEFC money to quit coal, Ankere Therapeutics launches with seed backing, Micro-X gear reaches Ukraine, plus a vessel naming, precinct tenders, an FFI appointment and a cable rebrand.
Preview of the Startup Daily TV podcast covering a bid against AGL's demerger, reproductive-rights tech policy, VC conversations, a fintech fund raise, and interviews with Skedulo, Good & Fugly and One Key Access founders.
Property listings company Domain led childcare marketplace KindiCare's seed round with a $1.2 million stake within a $3.3 million total, deepening an existing data partnership; founder Benjamin Balk keeps majority ownership.
A New Zealand venture firm has launched a crypto and web3-focused fund led by a newly hired general partner, with a first close planned for June, while its existing fund continues raising toward a final close.
Gold Coast lender Funding.com.au, following a recent $37.5 million Series B raise, hires two business development managers, Nathan Armstrong and Jade Lee, to support broker and aggregator channels.
Clinical-stage biotech Aravax has added pharma veteran Dr Brett Haumann, formerly of ReViral, Theravance, GSK and Aimmune, as a non-executive director ahead of a Phase 2 study of its peanut allergy therapy PVX108.
GrainCorp's blog profiles Hone, a Newcastle AgTech startup building a portable light-based sample testing device, recalling GrainCorp's 2021 investment and ongoing lab support for product development.
Funding.com.au has hired Michael Hynes as Head of Product to drive its product strategy, with the article also recalling the fintech's recent Series B capital raise amid team growth.
A weekly roundup reporting Shippit's $65 million Series B2, several startup raises, Chrysos Corp's ASX listing, and Shopify's acquisition of Deliverr.
Also Startup Daily·Techboard
CarClarity has appointed Trent Hayes, formerly of Gumtree, Compono and MYOB, as Head of Product to lead its product strategy, with founder and CEO Zaheer Jappie welcoming the hire.
Cloud commerce platform Pax8 has bought channel education firm Sea-Level Operations APAC, with four staff moving across, shortly after Pax8 entered the Australian and New Zealand markets.
WA fintech One Click Life is set to list on the ASX in July through an acquisition by UUV Aquabotix, with a public offer aiming to bring in at least $4.5 million.
Spacecubed has selected 17 startups for its 2022 Plus Eight Accelerator Bootcamp, where they will pitch to advance toward potential seed funding; two founders from the 2021 program are also quoted.
Fortescue Future Industries and Dutch fund Teslin Participates have provided undisclosed growth capital to thin-film solar maker Hyet Solar to speed up a Netherlands factory; the piece also recalls FFI's 2021 majority stake purchase.
Startupbootcamp introduces its Sustainable Fintech Fund and highlights three startups from its previous programme, Kaira, SettleMate and Bereev, whose apps aim to broaden access to financial services.
Hypersonix has finished benchtop testing of its 3D-printed scramjet engine and hydrogen fuel system, wrapping up a federal commercialisation grant and recalling two government-funded projects including a composites collaboration.
Interview with the founder of Envited about a social-media-agnostic event tool for teenagers, covering his recent pre-seed raise and upcoming launch.
Grocery delivery app SEND has entered voluntary administration with Worrells appointed; the article recalls its 2021 raise backed by Cherry Ventures and FJ Lab.
Also Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Forbes Australia
BizPay is cutting about 30% of its staff amid market uncertainty while a $20 million Series C raise, pursued via convertible note since March, remains underway.
Perth fitness tech company Vitruvian raised US$15 million in Series A funding led by US-based funds, after earlier seed rounds, and now plans to scale production and grow its team for North America.
Also SmartCompany
Adelaide timing company QuantX has received a million-dollar grant from SmartSatCRC to speed development of a compact atomic clock for satellites, built with the University of Adelaide.
Also Startup Daily
Impact investor Giant Leap sets a benchmark requiring its climate tech investments to avoid one kilogram of emissions per dollar of revenue, based on data from its portfolio companies.
Skedulo's founder and chief of staff explain how preparation and strategy secured their SoftBank-backed Series C, sharing lessons for founders approaching late-stage fundraising.
Robotics firm Advanced Navigation, backed by publisher OIF, is buying ANU spin-out Vai Photonics in an all-scrip deal of up to $40m; Vai's navigation tech is in talks with NASA.
Also OIF Ventures portfolio·Startup Daily·Dynamic Business·Startup Daily
Biotech startup Ankere Therapeutics launches with a $10 million seed round co-led by IP Group and Brandon Capital to develop inflammatory lung disease therapies, building on research from Monash and UniSA scientists.
Also Brandon Capital portfolio·Startup Daily·@AuManufacturing
Melbourne parcel-access startup One Key Access has raised a seven-figure pre-seed round, with Antler following its initial backing and LaunchVic's Alice Anderson Fund investing, to grow the team and expand to other states.
Also Dynamic Business
MotorOne Group is leading a six-month manufacturing digitalisation project with Swinburne University and the Innovative Manufacturing CRC, backed by a $63,000 activate program grant, to capture factory data at its Bayswater facility.
Health insurer HCF has committed a five-million-dollar cornerstone investment into the newly launched sports, fitness and wellness venture fund XT Ventures, run by Slingshot founder Craig Lambert.
Hospitality tech firm Mr Yum has bought customer data platform MyGuestlist in a cash-and-stock deal worth tens of millions, its first acquisition, following an $89 million raise led by Tiger Global.
Also Startup Daily·SmartCompany·Startup Daily·Forbes Australia
Fintech firm GBST has hired Kirsty Worgan as its global Chief Commercial Officer, returning her to the company where she previously led business development, with responsibility for commercial growth and mergers and acquisitions.
Weekend pre-election announcements detail federal support: a $48.2m grant for Opal's Maryvale waste-to-energy plant, $70m for the Port Bonython hydrogen hub, and a financing package for Vast Solar's planned solar thermal plant.