3163 rounds · 2003 startups · 3652 investors
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Twelve ventures from the Hunter and Central Coast, several founded by University of Newcastle students or alumni, are through to the last stage of the 2025 I2N accelerator across cleantech, healthtech and all-industries streams.
Auckland venture firm NZVC plans a second fund backing 50-60 Australia-NZ founders and has already invested in an Australian robotics startup and two New Zealand companies.
Brisbane hypersonic aircraft developer Hypersonix Launch Systems has raised a $46 million Series A led by High Tor Capital with Saab, RKKVC, QIC and federal backing, valuing it at $141 million.
GSFM has recruited Kayla Batiste, a Macquarie business development veteran, to manage key accounts in Queensland and help grow its presence.
Hypersonix, a Queensland company developing hypersonic planes that run on hydrogen, has secured a Series A backed by a UK fund, government investors and Saab.
Also SmartCompany·Dealroom
Australian trading and wealth-tech firm Openmarkets Group says it is exploring a major funding round to drive its DeFi push across Asia and the US, with owner Boman Group backing the effort.
FaBA commits $740,000 in matched funding to SeaStock, advancing its algae-derived red pigment through extraction research, co-product assessment and regulatory data for novel-food approval.
LaunchVic introduces the ten startups chosen for its CivVic Labs Experience Victoria Challenge, a pre-accelerator pairing early-stage companies with the state's tourism operators.
Fishburners profiles ex-Google engineer Tomasz Mikolajewski, who quit after thirteen years to build Sydney AI startups: voice-controlled app builder Poppable and the recently launched bedtime-story app Lulululu, after his first app idea was rejected.
Victoria's Breakthrough Victoria has committed $75m to five specialist VC funds covering climate tech, life sciences, female founders and healthcare, each pledging a quarter of its capital to local startups.
Breakthrough Victoria is putting $75 million into five venture capital funds, including Virescent, SYNthesis BioVentures, Scale and Galileo, each of which has pledged a quarter of its capital to Victorian startups.
Breakthrough Victoria makes cornerstone investments totalling $75 million into five venture capital funds spanning climate-tech, biotech, diversity-focused and health sciences investing.
Identity verification group GBG has bought Sydney-based DataTools, whose software checks addresses and customer data, placing its team within the GBG Loqate division to deepen reach in Australia and New Zealand.
Roundup of a quiet funding week: Melbourne workforce-platform maker 2cloudnine banked over $7.5m, algae-ingredient maker SeaStock $740,000 from government accelerator FaBA, while San Francisco's Sumble emerged with $59m.
Also Startup Daily
AgFunderNews' quarterly analysis finds funding for agricultural robotics down 36% quarter-on-quarter, with SwarmFarm, Beewise, 4AG and other weed-fighting startups among 2025's raises, plus a new crop robotics market map from The Mixing Bowl.
The bank announced senior leadership changes: one executive promoted to lead transformation, another retiring, two others taking expanded duties from December, with earlier appointments this year also noted.
Forbes Australia profiles EatClub co-founder Pan Koutlakis, whose restaurant discount app raised $18.2 million in a Series A led by Co:Act Capital to fund UK expansion after a near-collapse during COVID.
Investible's note explains its pre-seed backing of Gega Elements, which extracts gallium and germanium from industrial waste, alongside Flying Fox Ventures and Salus Ventures via a co-investment program with TRaCE.
Also gegaelements.com
Melbourne battery maker Relectrify has launched its inverter-free AC1 commercial battery, supported by a $25 million ARENA grant and a fresh $2.9 million federal grant to extend the technology into electric vehicles.
Also @AuManufacturing
The renewable energy agency has awarded A$25 million to Melbourne battery firm Relectrify to roll out its inverter-free AC1 storage systems, building on earlier agency funding that helped develop the technology.
Sydney fintech Eftsure has rolled out a service that verifies overseas payments across 39 countries, helping Australian firms dodge cross-border invoice fraud, with global reach planned for 2026.
ASX-listed Livium has raised $4.5 million to expand its Envirostream battery recycling hub in Victoria, while its subsidiary VSPC continues talks to match a $30 million ARENA grant for a Brisbane cathode powder plant.
Avess Energy, a Perth maker of vanadium flow batteries, has received a $2.5 million federal grant through the Quad clean energy program to assess manufacturing prospects in South Korea and the Philippines.
ANZ is winding up DataCo, a customer-data startup built within its former venture arm 1835i, following Cashrewards' closure and its Airwallex stake sale, with media clients reportedly weighing compensation.
Battery maker Gelion, which began at the University of Sydney before relocating to London, has raised fresh funds from shareholders to commercialise its sulfur battery technology, after winning US patents and a manufacturing deal.
Also RenewEconomy·RenewEconomy
RecordPoint has bought Redactive AI, a Melbourne data security startup founded by former Atlassian staff, for an undisclosed sum two years after its founding; Felicis and Blackbird co-led its 2024 seed round.
Roc Partners interview with the chief executive of its oyster aquaculture company, covering growth since its investment, farming operations, brands, sustainability and expansion plans.
AuManufacturing reports Latrobe Magnesium holds a non-binding US EXIM loan indication that could reach $200 million; the ASX-listed producer also completed a $6 million placement last week.
NAB announced executive team changes: Shane Conway promoted to lead Transformation, Sharon Cook retiring at year end, Les Matheson taking over Customer & Corporate Services, and Jon Benson appointed Group General Counsel.
DroneShield has promoted Angus Harris to chief technology officer, with Angus Bean becoming chief product officer, as the defence-tech company scales; it also flagged a new Adelaide R&D facility.
Significant Ventures' post explains why it led H3D's Series A, profiling the AI company automating custom-fit design for hearing and dental labs, its Swinburne origins, customer traction, and expansion from audio into dental.
Also SmartCompany·Startup Daily·Startup Daily·swinburne.edu.au
Good Heat announces a $2 million pre-seed round from four backers to fund its thermal storage platform, which sells electrified industrial heat as a service, starting with a large Victorian manufacturing project.
Sydney heat-battery startup Good Heat has raised over $2 million, led by Understorey Ventures with Investible and 2100VC, to replace gas-fired industrial heat with renewable-powered thermal storage, starting in Victoria.
A University of Melbourne spin-out using AI to tailor chemotherapy doses has banked pre-seed capital from the university's Genesis fund, plus public grant money and angels, to commercialise its oncology platform.
Propeller Aero's chief executive Rory San Miguel has won the Pearcey Foundation's 2025 NSW entrepreneur award; the profile traces his path from UNSW clubs and Flirtey to the drone surveying company.
Breakthrough Victoria has chosen three academic founders for its new fellowship, providing each with $150,000 to help commercialise research in mental health, IVF and skin cancer detection.
Austrian plastics recycling equipment maker Erema has taken an undisclosed strategic stake in Brisbane textile recycling startup BlockTexx, with the pair announcing the deal at a German industry fair to scale fabric-to-fabric recycling.
Breakthrough Victoria announces the first three fellows of its $7.5 million fellowship, giving each researcher $150,000 and support to turn research into startups in mental health games, IVF imaging and skin cancer detection.
Carted, the wishlist and commerce API startup, is shutting down on 22 October 2025. Its 2021 seed round raised $13m with Blackbird leading, alongside Grok Ventures and Tidal Ventures.
Also Startup Daily
Growth investor Advent Partners has bought a stake in IT services firm efex, whose founder stays on as CEO; the piece also recalls efex's purchases of Datcom Cloud and Medihost Solutions.
Evergreen has acquired South Australian IT services firm Blackbird IT, adding it to a portfolio that already includes REDD, CT Group and Lancom Technology; Ben Corbett becomes CEO.
Breakthrough Victoria's fellowship has put $150,000 into Mental Jam, whose mobile games build emotional coping skills; the fellowship is a $7.5 million Victorian initiative to create up to 50 research startups.
Breakthrough Victoria's fellowship program puts $150,000 into InnovaIVF, whose founder Mohammad Haft Tananian, a Monash researcher, is building imaging technology to improve which embryos are chosen during IVF.
Breakthrough Victoria's fellowship has put $150,000 into DeepDerm, a startup building AI to spot skin cancer without biopsies, founded by University of Melbourne researcher Noor E Karishma Shaik.
Conry Tech, a Melbourne-based cooling venture, has secured $3 million in seed capital led by climate investor Audacy to finish building its BullAnt air-conditioner and grow the team.
A quarterly report on the Australian venture market finds Q3 2025 investment passed a billion dollars, led by a Singapore data centre company's raise, with AI drawing premium valuations and bubble warnings.
Australian nanobiotech firm Nexsen has begun trading on the sharemarket after an $8m IPO; earlier government grants and an RMIT research collaboration are also noted.
Drone propulsion maker Aurora Labs raised roughly $5.5 million in a placement to fund development and grow its Western Australian plant, with Sovereign Propulsion Systems among backers and Bell Potter running the raise.
Aurora Labs raised A$5.5 million in a placement that brought drone-engine maker Sovereign Propulsion Systems in as cornerstone backer, and signed SPS to test and exclusively distribute its turbine engines across AUKUS countries.