3180 rounds · 2015 startups · 3676 investors
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A Western Australian government fund has granted remote power company Pacific Energy $2.4 million to upgrade its manufacturing automation and safety, with the company matching the funds over two years.
Western Australia's Investment Attraction Fund commits $5 million to Infinite Green Energy's MEG HP1 green hydrogen project in Northam, built with Samsung C&T and Doral Energy Group, from a $148.4 million funding pool.
IT services firm Orro launched its National Cyber Defence Centre, uniting 80-plus security staff across its operations. The piece also recaps a $150 million Macquarie investment in March and past acquisitions and merger history.
GrainCorp co-leads a nine million dollar Series A in ZoomAgri with GrainInnovate, with SP Ventures also participating, funding AI grain quality testing.
Also GrainCorp Ventures
OncoRes Medical has received a $3 million WA government grant to manufacture its surgical cancer-imaging device locally, its latest funding after a 2022 Series A2 and earlier state and federal grants.
OneVentures' insights page rounds up media coverage: an AFR report on Employment Hero's $263 million raise, a Forbes piece on OneVentures reaching $1 billion under management, and two AFR features on venture funding.
A financial teardown of gym franchise F45, tracing its 2021 Wall Street listing, Wahlberg's investment and share sales, executive departures, franchisee struggles and the author's view on a possible turnaround under new leadership.
Also SmartCompany
Investment house Glow Capital, started by Kate Morris and Justin Ryan, takes an undisclosed-value 51% stake in uniform maker Cargo Crew, its first deal, backed by a $55 million fund.
Quantum computing startup Diraq has received a $3 million grant from NSW's Quantum Computing Commercialisation Fund, following federal support last month through CRC-Projects round 14.
Proptech startup Sensor Global closed a $2.65 million seed round from property investors and US venture firms to launch connected smoke alarms and other residential IoT devices in Australia, with US expansion plans discussed.
Birchal's cofounder argues equity crowdfunding is closing the capital gap for founders outside the big cities, citing Western Australia's FY23 growth and two regional companies reaching the $5 million cap.
Wollemi Capital, the Sydney climate investor, has closed a $220m raise, past its initial $100m goal, backed by CBA, Trawalla and others; the article recalls its bets on Loam Bio, Pluton Bio and Pachama.
News roundup covering Atomo Diagnostics' committed share placement, Tivan's port agreement, KBR's reconciliation plan, Elexon's innovation award, ReNu Energy's hydrogen refuelling brand and EQ Resources' new ore sorter.
Sydney doorstep recycling pickup service RecycleSmart closed an equity crowdfunding campaign on the Birchal platform, collecting just over a million dollars from 965 backers to fund a national rollout beginning with Melbourne.
Weekly roundup of four Australian startup raises totalling $115.7 million: Secure Code Warrior's Series C, Lyre's, IMRA and Naked Life's crowdfunding record, alongside commentary on funding for women founders.
Also ARN (ARNnet)·SmartCompany·Startup Daily·SmartCompany·Forbes Australia
ASX page tables ten companies that have applied to list — mostly mineral explorers, plus defence and AI infrastructure plays — showing proposed codes, pricing, amounts sought, timetables and deal advisers.
Twelve companies, among them the Australian startups Cerclos, Everty and Sapien Cyber, have been selected for Taronga Ventures' 2023 ESG Impact program, chosen from more than 310 applicants worldwide.
Weekly agrifoodtech roundup reporting numerous funding rounds including Aphea.Bio, Bobbie and Sensand, a Coca-Cola-backed venture fund close, Do Good Foods' bankruptcy filing, and The Andersons acquiring Bridge Agri Partners.
Also AgFunderNews
Payments company GoCardless has named technology veteran Franck Cohen as its first Board Chair to guide its path to profitability, following several other senior appointments to its leadership team.
The venture firm is out raising a second vehicle targeting $35m for unglamorous business software, after its first vehicle gathered over $22m; it recalls backing Pathzero and GovConnex and supporting Arlula's earlier raise.
Also Startup News (WA)
OIF Ventures has locked in $55 million from investors for a new Opportunity Fund aimed at later-stage tech companies, and the article recalls its earlier backing of Advanced Navigation and Go1.
OIF Ventures has gathered $55 million toward a new Opportunity Fund with a $75 million goal, backed by several tech founders, and has put $4 million into Advanced Navigation's $108 million round.
Roundup covering Hanwha defence testing, a PPK Group CEO promotion, Immuron's sales growth, an Australian Vanadium retirement, Lumos Diagnostics' $4.75 million placement, and TAFE Queensland scholarships.
Tenacious Ventures invites readers to follow its series sharing fundraising experiences while its second fund is being raised, and welcomes enquiries from those interested in investing in Fund II.
Non-alcoholic spirits maker Lyre's completed a £18m ($34m) round with DSquared and Morgan Creek among its backers and Paul Gloster named CEO; peer Naked Life pulled in $3m through the Birchal crowdfunding platform.
Also SmartCompany·SmartCompany·Startup Daily·Forbes Australia
An Australian maker of dissolvable hand soap tablets has been bought by travel amenities firm Buzz for an unrevealed price, with its founder moving across to help roll out refillable hotel amenities.
Also SmartCompany
Queensland and Germany launch a joint bioeconomy research programme backed by $3 million, while the article recalls Vast Solar and the Solar Methanol Consortium winning HyGATE grant funding for a green methanol plant in Port Augusta.
ASTN has received a Western Australian government grant to deliver its sports technology entrepreneurship and pre-accelerator programs in WA, with a Perth launch event scheduled for 25 July.
Startup Daily profiles Revisit, an information-management startup whose three founders met through Antler Australia's residency, received its pre-seed backing, and is now raising follow-on capital.
First Australians Capital, an Indigenous-led advisory and impact fund group, has secured $15 million toward a $30 million goal for its new catalytic fund, and appointed ex-JBWere adviser Brian Wyborn as managing partner.
Also Startup Daily
Weekly roundup detailing nine Australian startup funding rounds totalling $107.35 million, spanning pet e-commerce, quantum sensors, proptech, agtech, EV charging, sailing apparel, marketing tools, consumer goods and pregnancy wearables.
Also Startup Daily·Australian FinTech·SmartCompany·AgFunderNews
Several Canberra startups shared $238,000 in Innovation Connect grants delivered by the Canberra Innovation Network with ACT Government support, covering AI, VR training, food and composting ventures; next-round applications opened July 2023.
Also SmartCompany
AgFunderNews's monthly roundup of agrifood leadership changes: Benson Hill's CEO resigns, McCormick promotes Brendan Foley, Clear Frontier hires Charles Newton, plus other executive appointments, layoffs, and Karakuri's shutdown.
Profile of Cortical Labs founder Hon Weng Chong, whose dish-grown brain cells learned Pong, recalling a US$10 million raise led by Horizon Ventures and covering the CL1 commercial product.
Crikey reports that Future Women, co-owned by Nine Entertainment, has drawn large government funding commitments while an independent evaluation of its programs' effectiveness is still pending.
Non-alcoholic cocktail maker Naked Life closed a $3 million equity crowdfunding campaign on Birchal and plans to expand into more Australian liquor chains and overseas markets.
Blackbird led a $2 million pre-seed raise for MagicBrief, a Sydney martech startup building an advertising creative workflow platform, with Archangel Ventures and several founder-angels also taking part.
RFC Ambrian recounts forming MRead with CSIRO to adapt magnetic resonance sensing for explosive and drug detection, including a seed round completed in late 2022-early 2023 with strategic investment from Codan's Minelab division.
Three Queensland First Nations businesses have entered the state government's Indigenous Native Food Program, gaining research and commercialisation support to develop native-ingredient condiments, sparkling water and drinks.
Tenacious Ventures podcast episode interviewing GridTractor founder and CEO David Meyers on whether farm-level electrification is approaching a turning point as electric machinery improves and farming operations change.
RFC Ambrian announces the formation of a funds management arm to run multi-strategy funds for institutional investors focused on critical minerals and decarbonisation technologies.
A quarterly Cut Through Venture survey reports Australian startups raised $810 million across 90 deals in Q2 2023, listing the largest rounds and noting improved investor sentiment despite a sluggish first half.
Also SmartCompany
Calix and Pilbara Minerals report progress on their joint lithium demonstration plant in Western Australia, with a final investment decision expected around end of July and federal program support behind the project.
Brisbane EV charging manufacturer EVOS completed a $5 million funding round backed by existing investors, following a $1.7 million seed round two years earlier, with a new home charger launching in July.
Also Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany
An investor note explaining Tenacious Ventures' decision to back Phyllome, whose capital-efficient modular indoor farms grow leafy greens at lower cost than vertical-farming rivals.
Sun Cable cuts scores of jobs and its three founders step back from executive roles as buyers Grok Ventures and Quinbrook finalise the takeover agreed in May.
Also RenewEconomy
Victorian medtech startup Kali Healthcare topped up its pre-seed round to one million dollars, with LaunchVic's Alice Anderson Fund joining University of Melbourne, to advance its remote pregnancy monitoring wearable.
Also LaunchVic·SmartCompany
OIF's blog republishes an AFR report: Inspace has banked a $6 million round backed by B Capital and OIF, plans AI features and US growth, while proptech peers :Different and Yabonza have failed.
Also Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany
Quantum sensor startup Nomad Atomics, founded by three ANU physicists, has closed a Series A backed by Blackbird and Right Click Capital to commercialise miniaturised gravimeters for mining and navigation.
Sparc Hydrogen will test its photocatalytic green hydrogen process at CSIRO's Newcastle facility, with a $28,688 grant through CSIRO's Kick-start Program backing initial four-week trials starting in Q3 2023.