Ledger. Australian venture funding, tracked

3185 rounds · 2019 startups · 3684 investors

Key

Person Invested in this round Raised it Closed a fund Mentioned

Amount confirmed Amount is an estimate


Funding announcement

The Australian investors betting big on fusion – the “holy grail” of nuclear tech

Feature on Australian capital moving into fusion energy: super fund Hostplus backs Commonwealth Fusion Systems, Foxglove Capital's Matt Bungey backs Type One, and startup HB11 Energy pursues laser proton-boron fusion locally.

3 deals

Seer Medical saved by $40 million rescue deal from global investors, Breakthrough Victoria

Administrators confirmed a $40 million deal in which Cadwell Industries, TrialCap and Breakthrough Victoria take equity, rescuing Seer Medical from administration; the article also recalls its funding history and 2024 product recall.

Also Startup Daily·Startup Daily·SmartCompany

Exit / M&A

Key takeaways

Podcast episode in which Farm Health Guardian's chief executive recounts combining his livestock biosecurity business with a complementary rival, covering the decision process and the opportunities the combination created.

Pre-seed $1m

AI consulting platform banks $1 million pre-Seed round

InsightWise, an AI platform for consultants, raised a $1 million pre-seed round led by Aliavia Ventures and No Brand Holdings, with Wollemi Capital and FB10x taking part, to fund product development and US expansion.

Also SmartCompany

2 deals

It's taken 12 months, but solar power startup Raygen Resources finally bagged another $75 million for its Series D

Solar storage firm RayGen has wrapped up a $127 million Series D a year after it began, with SLB leading and Breakthrough Victoria, ARENA and energy companies among the backers.

Also RenewEconomy·SmartCompany·Startup Daily·Forbes Australia

Fund close $1.5m

Gen Z VC fund NextGen Ventures scores Blackbird cofounders as investors in $2.5 million fund build

Student-run venture fund NextGen Ventures has locked in $1.5 million toward a $2.5 million target, backed by Blackbird's cofounders, Airtree and angel investors, and has already invested in AI startup Fluency.

Unnamed stage

Manufacturing news briefs — stories you might have missed

Manufacturing roundup: Nourish Ingredients' precision fermentation milestone, MyNu Energy's investment from Melt Ventures, a refused Veolia licence, AusBiotech committee applications, UOW community batteries, a Gold Coast rail contract, and Premcar's South African launch.

2 deals

Quantum Brilliance Raises $20M to Scale Diamond Quantum Tech

Diamond quantum hardware maker Quantum Brilliance raised $20 million in Series A funding from Main Sequence, In-Q-Tel and Australian government investors, and won a German agency contract for a mobile quantum computer.

2 deals

DeteQt clutches $750,000 pre-seed raise for 'diamond-on-silicon' approach to quantum

Quantum sensing startup DeteQt, spun out of the University of Sydney, has raised $750,000 in pre-seed funding from Main Sequence and Austin's ATP Fund, and holds a $3 million defence contract.

Fund close $25m

Athletes' venture firm raises first fund | Private Equity Media

Athletic Ventures, started by former athletes, has closed its debut fund at $25 million, with about 100 sports stars and several veteran venture figures backing it as limited partners.

Series A $7.5m

Gridsight lands $7.5 million to help modernise the grid

Gridsight, a Sydney energy software startup, has banked $7.5 million in Series A capital, with Airtree Ventures leading and Pat Cummins among the backers, to grow its grid analytics platform.

Also energytransitionventures.com·Startup Daily·Startup Daily·SmartCompany

2 deals

After investing $10.4 million, EVP claims StrongRoom AI's CEO and cofounder admitted to fraud with fake revenue numbers

EVP alleges StrongRoom AI's CEO admitted fabricated revenue and debt figures after the Sydney VC invested $10.4m in a $17m raise; the Melbourne startup is now in administration with assets frozen.

Unnamed stage $1.7m

Breakthrough Victoria’s uni fund just backed a La Trobe agtech spin out’s $1.7 million raise

Agtech spin-out Gaia Project Australia has raised $1.7 million from Breakthrough Victoria, La Trobe University's Eagle Fund, Mandalay Venture Partners and LaunchVic to commercialise plant-spacing technology that lifts leafy green yields.

6 deals

Two Aussie startups that raised $26 million this week

Roundup of two Australian raises: a quantum security company's government-led $20m round and a retail analytics startup's US seed round backing its American push.

Also Startup Daily·SmartCompany

Grant

Aussie company Diraq to support DARPA Quantum Benchmarking Initiative

Quantum processor maker Diraq has won a US defence agency contract for the first stage of a quantum benchmarking program, leading a consortium with Emergence Quantum, Riverlane, Global Foundries and Imec.

Also Startup Daily

Unnamed stage $17m

Strong Room AI's administrators press ahead with sale amid court battle over $10 million

Strong Room AI, a Melbourne medicines-management startup, is in voluntary administration weeks after a February raise; investor EVP's court action froze assets while administrators seek a buyer and creditors meet on April 8.

2 deals

‘The investor’s role is to build, not to destroy’: StrongRoom AI’s Seed backer takes aim at EVP amid pending legal battle over $10.4 million

Tyson & Blake, which seeded StrongRoom AI, threatens legal action against EVP, which is suing to recover its $10.4 million after the Melbourne medtech entered administration.

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