3061 rounds · 1933 startups · 3559 investors
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Expense Check, rebranding as Kanopi, has closed a A$4 million round led by Hollard Insurance to fund team growth and a planned US expansion.
Podcast interview with HEO Robotics chief executive Dr William Crowe about his space startup, plus Australian space news: a discovery centre opening, a rocket motor test, and a first space commander.
Comestri, a Sydney platform unifying e-commerce data, has banked $15 million in Series B backing from Moelis Australia's growth fund, with Investec having invested back in 2019, to expand internationally.
Australia's Main Sequence has pulled in A$250 million for its second deep tech fund, with existing backers returning and a sharpened emphasis on decarbonisation investments.
Crypto copy-trading platform Alpha Impact announced a $3.1 million round led by LuneX Ventures and Genesis Block HK; a later update on the page says the startup has since shut down.
Herbert Smith Freehills advised QR ordering and payments startup Mr Yum on its $11 million raise, which TEN13 and AirTree Ventures led; the company cited strong pandemic-driven growth.
Also SmartCompany
Fuel50 has raised a US$15.5 million Series B with PeakSpan and Shearwater leading the round, bringing lifetime funding to about $28.2 million as the talent marketplace firm plans growth across three regions.
Agthentic Group is seeking a 'Flywheel Operator' to run and grow the media platform backing its agtech advisory and investing activities.
Cut Through Venture's debut quarterly newsletter rounds up Q1 2021 raises across Australian and New Zealand startups, highlighting crowdfunding, fintech dominance, active investors, and two newly launched startups currently seeking backers.
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Nightingale Partners and Phoenix Development Fund have invested in Larki, a Melbourne and Sydney 3D site-data platform for architects founded by Simon Cookes and Daniel Moore; the amount is not disclosed.
Index of the venture firm's portfolio updates: financing rounds for AdvanCell and ENA Respiratory, grant awards via incubator programs, two closes of Fund Six, board hires, and Myricx Bio's completed sale to Novartis.
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Australian venture firm Our Innovation Fund has secured $80 million for its new fund, exceeding its $75 million target, and hired ex-Amazon Web Services executive Paul Migliorini as a venture partner.
Wellness platform Blys took investment from Phoenix Development Fund in November 2020; the investor gained a board seat via Aizaz Syed, while founder Ilter Dumduz leads the at-home services marketplace.
HR software maker Enboarder lands $45 million from US growth backer NewSpring, with a NewSpring partner joining the board; the piece also recaps its earlier Series A top-up and other recent local rounds.
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Brewer Two Birds has been acquired by Fermentum, parent of Stone & Wood, a decade after its founders launched Australia's first female-owned brewing company; Fermentum also flagged expansion plans.
Also drinksdigest.com·brewsnews.com.au·beerandbrewer.com·theshout.com.au
Tenacious Ventures announces its fifth investment, backing RapidAIM, a Brisbane pest-analytics company spun out of CSIRO, alongside prior backer Main Sequence Ventures. The post profiles the startup's sensor platform, market, and founding team.
Also Cut Through Venture
Nightingale Partners revisits Control Bionics, which it backed in 2005 and still holds a stake in, marking the assistive-tech firm's December 2020 ASX debut and sharing a chief executive interview.
Tenacious Ventures' investment note explains why it joined a US$6 million round in Vow, a Sydney cellular agriculture startup creating new meat categories, alongside Square Peg Capital, Blackbird Ventures and Grok Ventures.
Tenacious Ventures' investment memo on SwarmFarm Robotics, the agricultural robotics startup it co-backed with a A$4.5 million round, covering the SwarmBot platform, founders Andrew and Jocie Bate, and traction on Australian farms.
Also Cut Through Venture
GBS Ventures marks its fourth FDA drug approval as Hatchtech's head lice treatment Xeglyze clears the regulator, recalling earlier wins behind Picato, Synribo and Aridol with Australian biotech firms.
Stream Group's June 2020 announcement of its planned 100% acquisition of engineering group Mayfield, listing Mayfield's subsidiaries, expected shareholder vote and completion timing, and a director joining on completion.
University of Newcastle spin-out Diffuse Energy has banked $400,000 from venture fund Shearwater Growth Equity to scale its compact turbines, which kept emergency communications alive through the bushfires.
Cancer-detection nanotech developer Ferronova announced a $3.5 million Series A round, with Uniseed leading, to fund planned human trials across several cancer types; research partners span four universities.
Tenacious Ventures' first investment note describes co-leading insect-farming waste startup Goterra's $8 million Series A with Grok Ventures, profiling founder Olympia Yarger and the company's modular food-waste technology.
Also globalaginvesting.com·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Forbes Australia
Phoenix Development Fund took a minority stake in Spectainer, a container technology company, in January 2020; Lindsay Phillips came onto its board, and the piece profiles founder Nicholas Press and the COLLAPSECON product.
Podcast episode with farmers Fee Turner and Lee Coleman on juggling farming and their agtech ventures; both were selected for the Farmers2Founders Bootcamp accelerator.
Podcast episode in which the publisher's host interviews Vinomofo co-founder Justin Dry about building the wine business from an Adelaide garage, its revenue run rate, and lessons for expanding internationally.
Podcast episode with two Australian farmer founders whose agtech ventures joined the Farmers2Founders Bootcamp accelerator, discussing their businesses and how farming compares with building a startup.
Diageo has bought bottled-cocktails maker Tipplesworth, founded by Frankie Snobel, for an undisclosed sum; Snobel joins Diageo's GB on-trade team as the drinks giant pushes its tap cocktails across British bars.
Also thegrocer.co.uk
Deep tech firm Advanced Navigation, based in Sydney, has secured $20m from CSIRO's venture arm Main Sequence plus two US funds; two investors take board seats. OIF backed it earlier.
Tenacious Ventures' blog post reflects on Australia's agrifood tech strengths after Melbourne's Global Table event, citing FluroSat's fundraise, AgDNA's sale to CNH, Data Farming's accelerator placement, and local capital opportunities.
Australian car-sharing platform Car Next Door has raised $6.2 million from Hyundai, after a recent $1.8 million round, with co-founder Will Davies discussing scaling pains and the coming shift to shared autonomous transport.
Also Startup Daily
Blockchain CRM startup Cere Network has completed a $3.5m seed round with a broad group of crypto investors, and is opening a New York office and a Berlin innovation hub.
ASX-listed medical device maker AirXpanders is winding down, cutting staff to about eight, halting product sales and support, and expecting a US Chapter 7 bankruptcy filing by late July 2019.
OIF's blog republishes an AFR report on Matrak's $3m convertible note round led by Simon Yencken, recalling his earlier seed, Assignar's prior raises, and Aconex's sale to Oracle.
Also SmartCompany
A CRDC-funded canopy sensor built by CSIRO researchers at Narrabri will reach the market via Goanna Ag, helping growers fine-tune irrigation without losing yield; FarmOnline ran the coverage.
Nightingale's post announcing its participation in Avenue's 2019 Series A, profiling the SME-focused neobank's leadership team and recalling founder Colin's earlier credit bureau, since acquired by InfoTrack.
Podcast conversation with Timelio co-founder Charlotte Petris about invoice and cash-flow finance, her fintech advisory roles, and the platform's seed capital raising.
ASX-listed medical device maker AirXpanders, headquartered in California, extends its voluntary trading suspension while reviewing financial and strategic alternatives, and postpones its 2019 annual stockholder meeting.
ASX-listed breast reconstruction device maker AirXpanders, based in California, has appointed financial services firm Cowen to review financial and strategic options; no transaction has been agreed.
The Clean Energy Finance Corporation has invested $4 million through its Clean Energy Innovation Fund in Omni Tanker, an Australian maker of lightweight carbon fibre tank containers for freight.
The Clean Energy Finance Corporation is putting $4 million into Omni Tanker's $7.9 million raise; the New South Wales company makes lightweight composite tanks for hazardous liquids.
Nightingale's post announcing its May 2019 minority investment in Aurora Marketing, a tender advisory firm founded by Leann Webb, describing its track record, blue-chip clients, and plans to expand nationally.
ASX-listed medical device maker AirXpanders announced a restructuring cutting roughly 45% of staff and about a third of quarterly cash use, and said it is pursuing capital raising options via a preliminary SEC filing.
Space Bandits interview with HEO Robotics founder Dr William Crowe covering the company's asteroid-mining origins, pivot to satellite imaging, early Kickstarter and friends-and-family backing, grants, and a paid Australian Air Force trial.