Ledger. Australian venture funding, tracked

3197 rounds · 2025 startups · 3708 investors

Key

Person Invested in this round Raised it Closed a fund Mentioned

Amount confirmed Amount is an estimate


Series A $22m

Bootstrapped father & son AI startup banks $22 million Series A in 1st raise after 6 years

Brisbane market-research software firm Askable, self-funded since 2017 by a father-son duo, has announced a $22m Series A led by AirTree at a $100m valuation, with Skip Capital and founder angels backing it.

Also SmartCompany

2 deals

Caruso secures $3.2 million in strategic investment led by Balmain

Caruso, maker of fund administration software, has landed a $3.2 million strategic backing from private credit firm Balmain, having earlier raised $3 million from Icehouse Ventures and other backers.

Also Startup Daily·Startup Daily·SmartCompany

Funding announcement

The WA government is sending 12 startups to the US under a new accelerator program

Western Australia's government has selected twelve tech startups for its new Global Growth Accelerator Program, delivered by Invest and Trade WA, to prepare them for US markets, culminating at SXSW 2025 in Austin.

4 deals

Synthetic diamond creator Quantum Brilliance shines on with $23 million from National Reconstruction Fund & Breakthrough Victoria

Quantum Brilliance, a Canberra-based maker of diamond-based quantum chips, has drawn fresh equity from the National Reconstruction Fund and more from Breakthrough Victoria to build a diamond foundry, with prior grants and backers recapped.

3 deals

Gov gives quantum computing a major funding boost

The National Reconstruction Fund has taken a $13 million stake in quantum maker Quantum Brilliance, while a defence accelerator funds University of Western Australia quantum research and Germany's Cyber Agency contracts the company.

Also Forbes Australia·Startup Daily·SmartCompany·Startup Daily·SmartCompany

4 deals

Quantum Brilliance raises $30 million for its diamond-powered computers

Quantum Brilliance has locked in a $30 million Series A, with Breakthrough Victoria and the National Reconstruction Fund backing its plan to open the nation's first foundry making quantum diamond devices.

Also SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Tech Council of Australia

Series A $10m

Investment Update: Quantum Brilliance Follow-on

Breakthrough Victoria has put another $10m into Quantum Brilliance, which builds diamond-based quantum hardware, funding a new Victorian foundry and its joint research hub with two universities.

Also Breakthrough Victoria·Breakthrough Victoria·Breakthrough Victoria·Startup Daily·Forbes Australia·Startup Daily·quantumbrilliance.com·quantumwire.com·quantumzeitgeist.com

undisclosed $1.8m

Annie Liao on raising $1.8M for her unique artificial intelligence start-up at 23-years-old

Profile of Annie Liao, 23, founder of Build Club, who has closed a $1.8 million round to build an AI learning platform, tracing her path from Westpac, BCG and Aura Ventures into startups.

Also Capital Brief·SmartCompany·Forbes Australia·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily

4 deals

MGA Thermal wins Impact Award in Climate Salad's climate tech awards

Climate Salad's 2024 Australian Climate Tech Awards honoured eight winners, with MGA Thermal taking the Impact Award; the piece recaps the thermal storage company's year, including ARENA grants and a pre-Series B top-up.

Unnamed stage $158m

The founder of one of Main Sequence’s first investments, medtech Maxwell Plus, on failure, timing, and being ahead of the pack

A retrospective on Maxwell Plus, a machine-vision prostate cancer medtech that folded, with founder Elliot Smith and investor Phil Morle sharing lessons; Harrison.ai's later raise underscores the timing they missed.

Also Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Forbes Australia·Forbes Australia

Grant $25m

Micro-X’s first 3D images from micro Head CT scanner

Micro-X's Head CT test bench produced its first 3D images, qualifying it for an MRFF progress payment, with US ARPA-H contracts worth $25 million announced this week supporting full-body CT development.

Also Medianet·@AuManufacturing·@AuManufacturing·Dealroom

Funding announcement

“Time to come back:” Sunman unveils plans to make flexible solar panels in Australia

Solar pioneer Zhengrong Shi intends a Newcastle factory for frameless lightweight panels via Sunman's Energus subsidiary, eyeing federal programs; CEFC, Southern Cross Venture Partners and Softbank China are recalled as backers.

6 deals

Six Australian startups that raised $18.4 million this week

SmartCompany roundup covering six Australian funding deals totalling $18.4 million: Visibuild, My Mirror, Cambium Bio, Freckle, Old Young's Distillery and Taly, plus news that Freckle's founder earlier sold Everproof to GO1.

Also Startup Daily·SmartCompany

Series A $4m

Health tech Umps raises $4m in Series A

Aged-care technology firm Umps Health of Melbourne has banked a $4 million Series A, with Breakthrough Victoria supplying half the money and InterValley Ventures coming onto the register alongside four existing backers.

Also clearvalue.co

4 deals

Western Australia launches $150 million startup investment program, backing 7 VCs with $45m

Western Australia's government added $15 million to its WAVC fund-of-funds, committing $45 million across seven venture firms to back local startups; Purpose Ventures' fund closed at $55 million after backing My Mirror and SpacetoCo.

Fund close $100m

SISTER ACT: Nicola Forrest drops $100 million into an investment fund to back women

Future Generation launched Future Generation Women, a gender-lens fund seeded with $100 million from the Minderoo Foundation, with twelve women portfolio managers deciding investments pro bono; the trust is open to wholesale investors.

Unnamed stage

Manufacturing news briefs — stories you might have missed

Manufacturing roundup: Monash shares 3D-printing guidelines for blind students; MGA Thermal gains syndicate investment atop ARENA funding; UniSA touts a natural obesity treatment; Sparc Technologies signs an MoU with CLP Group.

Also Startup Daily·mgathermal.com

Key hire

DroneShield makes high-profile appointments of defence, government strategists

DroneShield has appointed four seasoned national-security figures — van Haren, Osley, McLachlan and Lam-Evans — to strategy, advisory and government-relations roles as the counter-drone company scales.

11 deals

Eight Aussie startups that raised $80 million this week

Weekly funding roundup covering eight local companies that together banked $80m, topped by twin $17m Series Bs at Safewill and Fresho, plus Celosia's $16.75m Series A and five smaller rounds.

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·LaunchVic

News

Breakthrough Victoria Fellowship Program

Breakthrough Victoria has launched a fellowship offering graduate founders pre-seed convertible-note backing capped at $150,000 each from a $7.5 million pool, aiming to create as many as 50 companies from Victorian university research.

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