3390 rounds · 2154 startups · 3838 investors
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A Melbourne fund manager's tech fund led a $4.9 million investment in Sydney hospitality procurement platform Marketboomer, taking a 20 per cent stake to fund local resources, Asian and UK expansion and payouts to existing shareholders.
Mental health gift card startup Mentwell raised A$228,950 from 117 backers on Birchal in June, with the money set aside for product development, technology upgrades, and planned entry into the UK and US.
Cooking app ReciMe has banked a $1.5 million seed round led by Even Capital, drawing angels such as Marissa Mayer and Deb Liu, as its founders shift to New York to chase US growth.
Headsafe's Nurochek concussion-screening headset has won US FDA approval, with development earlier backed by a $447,500 AMGC grant; the company is now pursuing certifications in several more regions.
Two Australian red meat processors, G&K O'Connor and Bindaree Food Group, have been awarded government grants under ARENA's industrial decarbonisation program, funding feasibility studies into renewable energy and waste-to-energy options at their plants.
EM Energy receives a $50,000 state government grant to patent its method of producing hydrogen from organic matter, with the technology being validated at a Newcastle university.
Motorola Solutions has bought Noggin, an Australian cloud-based critical event management software provider. The price was not disclosed, and Noggin's 130 staff will move across to Motorola.
Sydney fintech Dash secured a $22 million round led by ASX-listed venture investor Bailador, which commits $15 million upfront plus $5 million early next year; two Bailador partners join Dash's board.
Twenty Victorian medtech startups and scaleups each receive $50,000 grants under a program run with LaunchVic and the Australian Medtech Manufacturing Centre; Livac and Tournicare are named recipients.
Twenty medtech startups were named as recipients of $50,000 Victorian Government grants under the MedTech Market Growth Program, delivered with LaunchVic and the Australian Medtech Manufacturing Centre.
Navigator Group has promoted Stacey Williams from deputy chief executive to its top job, succeeding Paul Shmukler; chairman Chris Rex praised the transition.
ANDHealth announced its fourth accelerator cohort, granting non-dilutive MRFF funding to six digital health startups including Cape Bionics and Healthily to support commercialisation.
Defender AM's quarterly letter reports the Defender Global Fund's Q2 2024 performance, a fresh Lyka Pet Food raise at a higher valuation, and the fund's profitable part-sale of its Lyka holding.
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Jelix's note sets out its reasons for backing Aera, a fintech helping first-home buyers save deposits, and profiles the founding team; the round was led by Icehouse Ventures with Jelix participating.
Australia's renewable energy agency conditionally allocates up to $143 million to twenty named recipients for a national rollout of as many as 370 community batteries, with a second grant round flagged.
Antler's post explains why it backed MEINE Electric, an iron-air battery startup for long-duration grid storage, tracing founders Priyansh Mohan and Stuti Kakkar through the Residency.
Weekly roundup of eight Australian funding rounds, led by Samsara Eco's $100m Series A extension; Diraq, 1Breadcrumb, Aquila, NRN, Klean, Bearhug and Sindy Labs also secured capital, and Klean won a Queensland grant.
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Western Australia's government has awarded $8.5 million in grants across three schemes, a health innovation seed fund, commercialisation bridge grants and innovation booster grants, naming dozens of local recipients.
Victorian Governor's awards name DAS top startup and Acusensus top scaleup; HEX's Jeanette Cheah is Ecosystem Hero, with Tractor's Jodie Imam and Giant Leap's Rachel Yang sharing Investor of the Year.
Also LaunchVic
Beanstalk AgTech is launching a government-backed studio to commercialise drought-resilience agtech, inviting founder applications; eight participants will get a year of support plus as much as $250,000 without giving up equity.
The Australian renewable energy agency awards federal grants for ten studies at food, wine and water businesses, seeking replicable ways to cut industrial emissions and save power.
ARENA awards $1.98 million in feasibility-study grants to ten businesses, from meat processors to a water corporation, to investigate renewable energy and efficiency projects that cut industrial emissions.
Weekly agrifoodtech roundup: Zepto and Getir raise big rounds, an Australian recycled-plastics startup lands $100 million backed by Lululemon, SoundHound acquires Allset, and several agrifood companies announce executive appointments.
Profile of Noisy Guts founders Josephine Muir and Mary Webberley, who credit CSIRO programs with helping them network and seek $2.5 million in seed funding for their IBS diagnostics startup, despite mostly male investors.
Australian plastics recycler Samsara Eco secured a Temasek-led Series A+ of $100 million to scale enzyme-based infinite recycling, with Southeast Asian facilities planned, adding to its 2022 Series A.
Also TechCrunch Australia·SmartCompany·@AuManufacturing·Techboard·SmartCompany·@AuManufacturing·@AuManufacturing·@AuManufacturing
Sydney startup Bearhug, which sells reusable pallet wrap to cut plastic waste, has closed a $325,000 round to grow its logistics networks in Australia and has joined the ANZPAC Plastics Pact.
TDM's post marks Guzman y Gomez's 2024 ASX debut at a $3 billion valuation, the biggest local listing since 2021, recalling TDM's 2018 backing and naming new institutional holders of the $335m offer.
Retail ESG platform Klean raised a pre-seed round led by Wayne Gerard's new venture firm Prtnr Ventures and won a Queensland government grant; Gerard becomes chair, Christine Hayward a director.
Also SmartCompany·SmartCompany
ARENA grants ANC $12.8 million to deploy 112 electric trucks for last-mile delivery through Project Spark, lowering ownership costs for owner-drivers and speeding fleet electrification.
Australian enzymatic plastics recycler Samsara Eco raised a large all-equity round led jointly by Temasek and Main Sequence, with Lululemon among other backers, funding new recycling facilities and team growth.
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First Australians Capital has reached a $20 million first close on its Catalytic Impact Funds, drawing commitments from foundations, family offices and corporates, plus Queensland government funding for its Indigenous business program.
Telstra Ventures has rebranded as Titanium Ventures, and the telco is exploring selling its stakes in the VC's funds as it tightens capital management. The firm has backed 99 startups since 2011.
Melbourne document-analysis company Affinda has pulled in $10 million from its previous backers at double its earlier valuation, and Christine Christian has joined its board.
Also Forbes Australia
Macquarie Asset Management has wrapped up its second opportunistic property vehicle, MREP, at $1.9 billion in commitments; the story also recaps the manager's earlier property investments across Asia, Europe and the US.
Main Sequence's post explains why the fund backed quantum computing company Diraq, citing its silicon qubit approach, a chip-production deal with Global Foundries, and prior investment from Quantonation.
Also Startup Daily·@AuManufacturing·SmartCompany·Startup Daily·Startup Daily·Startup Daily
Aquila, whose Lightway Sentry beams power to drones, has raised $2 million in follow-on funding, led by Alua Group with returning backers Blackbird and Icehouse, a year after its seed round.
Also SmartCompany
Agtech investor Tenacious Ventures reached an $18 million first close on its second fund, which has a $50 million target; backers include Trawalla Group, Wollemi Capital Group and Macdoch Ventures.
Also Forbes Australia
Profile of a Melbourne agtech startup commercialising leaf protein, recalling grant funding from LaunchVic with co-investment plus matched research funding that helped it scale production and court food manufacturers.
EMVision has finished its first scanner production line and collected the last milestone instalment of a federal manufacturing grant, taking the brain-imaging company's award to its full value.
Macquarie Asset Management has closed a $1.9bn opportunistic property fund, its second such vehicle, backed by global institutions, with capital already deployed across multiple property sectors.
Also mingtiandi.com
Macquarie's property arm has collected $1.9 billion for MREP, the second opportunistic vehicle in its series, following an earlier fund centred on Asia-Pacific.
Aura Group announces Jack Remond has joined as an analyst on its private credit team, handling investor reporting, portfolio analysis and deal due diligence; he previously worked on securitisation trusts at Perpetual.
Build Club's inaugural accelerator has graduated its AI startup cohort after six weeks, with DoryAI, Unsloth AI, Mary Technology and Verve chosen for a San Francisco tour pitching Silicon Valley investors.
Startup Daily reports Beam in Business has bought the women's jobs platform Freelancing Gems, founded by Fleur Madden and Kirsty Jackson in 2020; the price was not made public.
Roundup of nine local startups that together banked a combined $38m-plus this week, spanning precision instruments, proptech, adtech, robotics, food, energy storage and AI, with several earlier raises recalled.
Also Australian FinTech·Startup Daily·SmartCompany·AgFunderNews
Profile of Dragonfly Thinking after its win in Australia's first AI Sprint, covering its $300,000 support prize, accelerator experience and product plans, plus brief AI news including raises by TrueState and Andromeda Robotics.
Manufacturing roundup: Australian Vanadium and entX land government grants, Hexagon Energy Materials completes a $1 million round, Australian Dairy Nutritionals appoints a CEO, Aurora Labs adds a director, plus vessel, export and research briefs.
Bellabox, an early Australian beauty subscription service, is shutting down this month after rising costs; the piece recalls its 2013 $1.3 million raise and Allure Media's 2014 purchase of half the company.
ARENA announced a $3.2 million grant to Amber Electric for a residential trial of EV smart charging and vehicle-to-grid services, with enX independently verifying the project's modelling under the Driving the Nation Fund.