3180 rounds · 2015 startups · 3676 investors
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Victoria's startup agency is giving Flying Fox Ventures and Jumpstart Studio $300,000 each to run pre-accelerator programs for women founders, alongside continued backing of the Alice Anderson Fund.
EnergyLab's Energy Scaleup program takes Perth clean-energy startup My Solar Manager into its 2023 cohort; alumnus Village Energy endorses the program, and applications for 2024 are open.
Weekly roundup covering five Australian startups that announced a combined $58.5 million in new funding, spanning quantum computing, advertising software, mining safety technology and event rental software, alongside government grant programs.
Australian manufacturing roundup: Zip Water appoints a marketing director, EMVision triggers a milestone payment, Kleos Space faces bankruptcy, AnteoTech secures placement commitments, and LaunchVic funds two women-founder pre-accelerators.
Tidal Ventures reflects on why it backed Fair Supply, a SaaS platform for ESG supply-chain risk, six months after the deal, praising the founders and naming co-investors Airtree, Minderoo Foundation and QIC.
Blackbird commits its Giants community to 60% female or non-binary founding teams, opens the next cohort's applications on July 31, and recalls backing Giants alumni More Good Days, Sauce and Cotiss.
IAG, via its NRMA Insurance brand, has bought Carrie Kwan's women-in-business platform Mums & Co at an undisclosed price; Kwan's team keeps running the brand, alongside a new microbusiness report.
Weekly agrifoodtech roundup recording several startup raises and government grants, FLORA Ventures' first fund close, corporate regenerative agriculture partnerships, and AppHarvest's bankruptcy filing.
KPMG data shows Australian startup funding fell sharply in early 2023, though AI and climate tech stayed strong, with several large raises listed and a new Main Sequence fund announced.
Also Startup Daily
ZoomAgri raised a $6 million Series A led by GrainCorp with GrainInnovate and SP Ventures, to expand its AI grain inspection technology geographically and into new commodities.
Starpharma, two universities, Telix, Clarity and CSIRO launch an ARC-backed radiopharmaceutical research hub with a government grant and industry funding.
FinTech Awards names Constantinople co-founder Macgregor Duncan as VIP speaker for its August Sydney event, noting the banking startup's record $23 million seed raise with co-founder Dianne Challenor.
LaunchVic is giving Startmate $300,000 across two years so hundreds of university students can try its Student Fellowship; the next intake's application window closes in October, and alumni include Lyrebird Health's founders.
LaunchVic has granted Startmate $300,000 to run its Student Fellowship, a three-week program training at least 320 Victorian university students in startup skills over two years.
Linktree launches a feature letting creators embed their Threads profile and posts on their Linktree pages, following its recent Snap partnership and Threads' rapid user growth.
ASX-listed battery materials company AnteoTech has completed a A$6 million capital raise combining a placement with a shareholder purchase plan, funding its clean energy product commercialisation and production facility.
Also @AuManufacturing
Tenacious Ventures' analysis of vertical farming's boom and collapses, announcing its backing of Phyllome, founded by Sebastien Eckersley-Maslin, as its eleventh investment.
Federation and its unnamed co-investors have sold their indirect stakes in George Clinical to Hillhouse Capital, with the announcement made on Federation's own site. No price is disclosed.
Irene Falcone's non-alcoholic beverage retailer Sans Drinks has entered administration after sales collapsed, with staff terminated and its Sydney store closed; the founder earlier sold Nourished Life for $20 million.
Edible coffee cup startup Good Edi marks two years with its first pop-up at a Collingwood cafe, recalling an accelerator prize and early crowdfunding and seed backing along the way.
Silicon Quantum Computing closed a $50.4 million Series A backed by CBA, UNSW, Telstra and the Australian Government, lifting its valuation to $195.3 million, below its original $130 million target.
Also @AuManufacturing·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Forbes Australia·@AuManufacturing
AWS has selected ten Australian and New Zealand startups for its first generative AI accelerator, a six-week program offering technical training, mentorship, AWS credits and a demo day pitch to investors.
Melbourne precision machining firm Lovitt Technologies received a $1.5 million grant under Defence's Joint Strike Fighter Industry Support Program, funding new machining equipment, staff training and software upgrades.
Melbourne hospitality tech firm Liven has bought four software startups, two Australian plus one Singaporean and one American, for a combined $152 million, expanding its all-in-one restaurant technology offering.
Australian precision fermentation startup Nourish Ingredients secures government funding and grants, recalls its Series A, and outlines plans to launch its first animal-like fat in late 2024.
Also AgFunderNews
Deep tech venture firm Main Sequence has reached an initial A$450 million close on its third fund, pushing money under management past A$1 billion; Hostplus, Temasek and CSIRO are among the backers.
Also SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·TechCrunch Australia·@AuManufacturing
Australian manufacturing roundup: IDT Australia's shareholder raise, EV charger rollouts, a mining equipment hire, a plastics recycling plant completion, research collaborations and government funding moves.
Adelaide X-ray maker Micro-X has won US Homeland Security funding of up to $21 million to build self-screening airport checkpoints, extending earlier contract work on its miniaturised CT scanner technology.
Also Forbes Australia
Secure Code Warrior raised US$50 million in Series C funding led by Paladin Capital Group, with Goldman Sachs and ForgePoint Capital participating, to grow market share; an Imperva executive joined its board.
Gecko, an events equipment rental marketplace, drew a pre-seed round led by Techstars' new Sydney accelerator, with two US investors also taking part; it joins the program's first intake of twelve startups.
Startup Daily's Antler memo profiles ThirdRoc, an AI credit-risk platform for emerging-market lenders founded by Shivnil Maharaj and Ritesh Nain, which has received pre-seed backing from Antler and is currently raising.
Weekly roundup of eight Australian startups raising a combined $30.2 million, spanning SME lending, quantum computing grants, proptech, consumer apps and recycling, plus Stylerunner's earlier sale to Accent Group.
Also Startup Daily
A Monash University-led research program with Cortical Labs received a government grant of nearly $600,000 to study lifelong continual learning using lab-grown brain cells on silicon chips.
Also Defence Connect
Gobbill names Google a strategic growth partner, receiving roughly half a million dollars in cloud credits and support over two years for its AI work, with Silverpond and Microsoft also mentioned as past collaborators.
Business lender Lumi has banked a $15 million injection, with Israel's Harel Insurance and Finance Group joining as a fresh backer alongside existing supporters; the firm's prior raise was $20 million in 2020.
Twin sisters Sali Sasi and Julie Stevanja have rebranded their bargain-finding app Her Black Book as Wrapd, rolled out a browser version, and raised $1.8 million from returning plus four fresh backers.
Also SmartCompany
Verve, a superannuation fintech for women, has banked a $3 million pre-Series A led by Alberts and is rolling out an investing app, adding to a 2021 raise that drew prominent female backers.
Also Women's Agenda
IoT home-safety maker Sensor Global has banked a $2.65m seed round from property-focused backers including Second Century Ventures, which rated it the pick of its 2023 Australian accelerator intake.
Weekly agrifoodtech roundup: robotics and agtech companies across several countries raised funding, Grit Road Partners closed an $11 million fund, John Deere acquired Smart Apply, and new partnerships included BeeHero entering Australia.
E-commerce firm Little Birdie has released a browser extension alerting shoppers to better prices, aiming to help small retailers compete; the Australian company launched in 2021 backed by a $30m Commonwealth Bank investment.
Verve, an Australian women-focused financial services company, announced an oversubscribed $3 million pre-Series A round led by family office Alberts, funding its newly launched ethical investing app Verve Money and its superannuation product.
Gilmour Space Technologies will deploy Siemens Xcelerator industrial software across its Queensland sites, with PhoenxPLM assisting implementation, as the rocket developer prepares its Eris launch.
Podcast episode from Tenacious Ventures interviewing Phyllome's founder about whether vertical farming still holds value after heavy funding and prominent collapses.
Exor and Impala are creating a holding company to put €300m into TagEnergy, the renewable developer whose projects include Australia's largest wind farm, which has also just raised €570 million in green bonds.
The Australian agency ARENA has awarded Enel X Australia $3.7 million for a demonstrator enlisting supermarkets and cold-storage warehouses to provide grid-responsive flexible demand through a virtual power plant.
Western Australia's government has put $5m toward Infinite Green Energy's Northam green hydrogen project through its Investment Attraction Fund, which has so far backed 40 projects worth $148.4 million.
Also RenewEconomy
Roundup of Australian manufacturing news: government grants for Wide Open Agriculture, FYI Resources and female founder programs, an XTEK armour order, Oventus Medical's wind-up, an Osteopore board appointment, and Monash's new venture program.
Also AgFunderNews
Melbourne hangover-prevention drink maker Bae Juice is entering the US through a New York distribution deal, building on an earlier seed raise and a strategic investment from Honan Capital.