Ledger. Australian venture funding, tracked

3052 rounds · 1931 startups · 3553 investors

Key

Person Invested in this round Raised it Closed a fund Mentioned

Amount confirmed Amount is an estimate


8 deals

15 ANZ startups that raised $67.2 million this week

Roundup of the week's Australia and New Zealand raises: Gridsight, Pearler and Apate.AI secure the biggest cheques, Drumbeat and GonGlobal add smaller sums, and ten AI startups join Airwallex's Latitude 37 program.

Funding announcement

Inside Latitude 37: Airwallex's $1 million bet on under-25 AI founders

Airwallex unveils Latitude 37, naming ten young Australian AI startups to its first cohort; members receive equity-free backing, mentorship, worldwide network access and overseas immersion trips.

4 deals

Expert360's $16 million sale leaves founder, early investors with no share payout

Workforce platform Expert360 is being bought by AI hiring firm Swipejobs at a reported $16 million value, while its founder and earliest backers are set to receive nothing for their stakes.

Also Startup Daily

12 deals

Brandon Capital's $60m taypayer-funded biotech bets

Brandon Capital has put roughly $60 million of National Reconstruction Fund money into ten biotech companies and warns R&D tax changes would hurt deep tech; portfolio company Myricx Bio went to Novartis.

Also australiatimes.com

Grant $20m

Recycling Plastics Australia in administration despite plan to fill gap left by REDcycle

South Australian soft plastics recycler Recycling Plastics Australia, recipient of a $20m federal grant, has entered voluntary administration with KPMG appointed, after a major supplier's collapse derailed its plan to fill REDcycle's gap.

News

Q-CTRL completes milestone maritime vessel navigation without GPS using quantum gravimeter

Defence tech firm Q-CTRL reports a first-at-sea trial navigating a vessel with no satellite positioning, using a quantum gravity sensor hardened by software, reaching nautical-mile accuracy and extending its navigation product line.

Grant $500k

“State-of-the-art facility” wins funds to service and refurbish wind turbines on Australian soil

WA's government has announced half a million dollars for National Electric Motor Services via its co-investment program for wind manufacturing, backing a Malaga facility to overhaul turbines locally; earlier recipients are also named.

Also RenewEconomy

Funding announcement

Diraq pushing its quantum computer to the cloud amid commercialisation race

Sydney quantum computing company Diraq will station an eight-qubit prototype machine inside an Equinix facility from October, a step toward moving the technology from lab to market.

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