3390 rounds · 2154 startups · 3838 investors
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Eleven WA health organisations, including grant-backed Metabolic Health Solutions, head to the AusMedtech 2024 conference with ministerial support to present devices and pursue new partners.
Opinion piece by Hydrostor's regulatory affairs director arguing Australia's Capacity Investment Scheme should do more to incentivise long-duration storage, pointing to the company's Broken Hill project and reliability risks.
Scaleup Mediafund's $15 million third fund has made its first two investments, backing Hawke's Brewing and Bare with roughly $1 million in advertising apiece; oOh!media joined as an investor.
Larry Diamond, who started Zip, is stepping aside from its US top job as Joe Heck takes over and Kevin Moss joins the board; the piece also recounts the fintech's past raises and divestments.
Sydney computer vision firm Visionary Machines won a Phase 2 Defence technology demonstration contract for its Pandion counter-drone sensor after pitching at Army Innovation Day 2023 via the Advanced Strategic Capabilities Accelerator.
Dreamoro Ventures' CEO argues the budget's healthcare spending treats symptoms rather than prevention, and pitches his firm's digital health fund to investors as the better answer.
Scottish firm Aurora Energy Services has bought Canberra wind contractor ARC Wind, its second international acquisition, with plans to grow Australian operations; ARC chief executive Andrew Lindsell remains, backed by Aurora co-founder Niall Conlon.
Nine startups join the latest intake of SparkLabs Cultiv8's Orange accelerator for sustainable food and agriculture technology; a past participant praises its ecosystem, and alumni have raised heavily.
Timber design software firm CLT Toolbox has secured bridge funding to expand into Europe and the US, less than a year after its seed round, backed by Giant Leap, Archangel Ventures and others.
SpatialGPT, an AI construction startup incubated by InnovateGPT Group, has raised $5.1 million, led by former Microsoft executives; the incubator has also launched other AI ventures.
Also SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany
Karta, an Australian gift-card platform, has struck a US deal with Visa, having earlier raised a pre-seed round above $21 million, most of it from Commonwealth Bank.
Interview with entrepreneur Mick Dempsey recalling founding payments firm Ezidebit, its 2014 sale to Global Payments, his family office's early-stage tech investments, plus his new legal-tech venture EzyLegal.
Folklore's blog introduces new CFO Clare Power, who brings a quarter-century of finance experience from firms including Deloitte, Deutsche Bank, BT and Income Asset Management.
Alberts Impact Ventures profiles Harvest B, tracing how its blended plant-and-meat proteins cut cost, fat and emissions, and recalling its own backing of the food tech company.
Micro-X will trial its lightweight portable CT brain scanner at two hospitals this year; the Adelaide company's stroke technology was developed with $8 million in grant funding, as was rival EMVision's approach.
Breakthrough Victoria marks the opening of an eye research facility it backed with $10 million; the CERA-affiliated centre expects to treat thousands of patients and create dozens of jobs.
Sydney music licensing platform Melodie has closed a $1 million convertible bridge, with a larger raise planned for 2025, after earlier raises in 2021 and 2023 and a string of industry awards.
Also SmartCompany
Little Birdie, a Melbourne shopping-deals marketplace from the Leibovich brothers and Jon Beros, has closed three years after a $30 million backing by Commonwealth Bank.
Startup Daily reports Founder Institute ANZ's eight newest cohort startups, revealed ahead of their Sydney Demo Day on May 21, with a keynote from Paypa Plane CEO Simone Joyce.
Ethical fintech Maslow attracted 288 backers for a $409,676 equity crowdfunding round, largely founders from the impact sector, and hired two staff as it builds a subscription-based, at-cost financial services platform.
Weekly roundup covering five Australian startups' raises: an insurtech Series E, a digital ID Series A, medtech and proptech funding, and a recycling platform's equity crowdfunding campaign.
RecycleSmart has raised $1.15 million from more than 1000 crowdfunders, its second crowdfunding campaign, to fund a national rollout of its doorstep collection service for difficult-to-recycle waste.
OwnHome has secured a $31 million Series A, with Square Peg Capital leading and Commonwealth Bank joining, as returning backers double down on its low-deposit route into home ownership.
The CUREator+ incubator, backed by government funds and industry partners, launches its initial grant round offering non-dilutive capital to startups developing dementia and cognitive decline solutions.
Weekly agrifoodtech roundup: Hysata's green-hydrogen Series B, Rize's Series A, other raises, Ocean 14 and Peakbridge fund closes, Uber buying Delivery Hero's Taiwan unit, executive hires, and an accelerator's cohort selection.
Crunchbase News surveys the recent surge in venture funding for hydrogen startups, profiling 13 companies — among them Hysata, Koloma, Electric Hydrogen, HysetCo, Tree Energy Solutions and ZeroAvia — and their latest rounds.
Telco Superloop has earned MSSP accreditation from Palo Alto Networks for its Prisma SASE offering, after meeting service implementation and certification criteria.
Cover Genius has landed a Series E round of 80 million dollars, with Spark Capital leading and prior backers Dawn, King River and G Squared joining; lifetime funding now sits near 245 million.
Breakthrough Victoria details its $5 million convertible note investment in Neo-Bionica, a Melbourne medtech manufacturer co-founded by the University of Melbourne and Bionics Institute, which earlier received $4 million from the Victorian Government.
Also @AuManufacturing
Breakthrough Victoria is putting $5 million into Neo-Bionica, a Melbourne medical device manufacturer, to grow its prototyping, clinical trial and production capabilities, with the company expecting as many as 45 additional roles.
Also Breakthrough Victoria·SmartCompany·Startup Daily·@AuManufacturing·SmartCompany·Startup Daily·@AuManufacturing
An explainer from Radium Capital covering four innovation categories — incremental, breakthrough, foundational research and disruptive — with examples such as Avicena Systems and Airbnb, and advocating varied capital sources including R&D financing.
PeakBridge has finished raising its second growth vehicle at $187m with Edmond de Rothschild as partner. Its founding GP discusses AI's role in food investing and names holdings such as Vow and Tastewise.
Federal budget documents show Canberra's PsiQuantum commitment at $466.4 million via Export Finance Australia, plus $27.7 million for oversight, and recall Blackbird joining the quantum company's 2021 Series D.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Forbes Australia·Forbes Australia
Startup Daily's The Ask column profiles RecycleSmart, a Sydney startup collecting hard-to-recycle waste, as it pitches a live Birchal offer to bankroll a national rollout, closing May 16.
Eleven companies reached billion-dollar valuations in April 2024, led by Xaira Therapeutics' $1 billion Series A; Rubrik and Ibotta listed on the NYSE, and several existing unicorns raised at higher valuations.
Also Crunchbase News
Budget-day rundown for Australian startups: a quantum computing co-investment, a green manufacturing fund, AI centre money, offshore landing pads and small business measures, while most sector wishlists went unmet.
Identity verification firm Data Zoo has banked roughly A$35 million in Series A backing from Ellerston JAADE, its first external capital, and recently installed an ex-LSEG chief executive as it eyes international growth.
Esade honours the Klarna co-founder at its alumni day; he describes Norrsken's mission to support companies with positive impact and reflects on entrepreneurship, networking and mentoring.
Brisbane battery maker Redback Technologies exits voluntary administration under new owner Australia Ebon, which injected an initial $500,000; earlier backers Energy Queensland, the Clean Energy Finance Corporation and Energy Australia are recalled.
Startup News profiles the twelve startups chosen for Spacecubed's 2024 Plus Eight intake in Western Australia, naming their founders and crediting the partners behind the program.
Hadean Energy, spun out of CSIRO, has secured a grant to develop a 5kW electrolyser for EDF's UK power plant, following a trial at BlueScope's Port Kembla steelworks; the sum awaits final contracts.
Ten startups enter CivVic Labs' Transport Access challenge alongside Victoria's transport department, each receiving $15,000 equity-free to trial accessibility improvements over six weeks.
Profile of Humanitix, a Sydney ticketing platform giving all profits to charity, covering its $4 million donation to The Life You Can Save and backing by Google and Atlassian.
A Telethon Kids spin-out backed by Brandon Capital has begun trials in the US and Australia of RSP-1502, an inhaled antibiotic booster for cystic fibrosis lung infections, after strong early results in WA patients.
A Telethon Kids offshoot, Respirion Pharmaceuticals, is trialling its antibiotic-booster therapy RSP-1502 in the US and Australia, with backing from Brandon Capital and an American cystic fibrosis foundation.
Uber has agreed to acquire Delivery Hero's foodpanda Taiwan operation for $950 million, alongside a $300 million subscription of new Delivery Hero shares; completion is targeted for the first half of 2025.
Tasmania's government has signed an $8 million agreement with ReNu Energy subsidiary Countrywide Hydrogen to back green hydrogen production and heavy transport refuelling through per-kilogram payments under a price reduction scheme.
Also RenewEconomy
Profile of Australian fintech Sole, whose app helps one-person and micro businesses with finances, invoicing and tax; names its three key staff and records its Queensland Government Ignite Fund grant.
Australian gift card startup Karta has signed a multi-year deal with Visa, making it the first non-bank private label issuer able to transact over Visa's US network.
Roundup of the week's top stories: Hysata's Series B with bp Ventures and Templewater, grants for Tasmanian makers Xanderware and Jayben Group, an ASC pay dispute, and chemistry sector awards.