3152 rounds · 1994 startups · 3648 investors
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Sydney diagnostics developer SpeeDx banked $26 million for American expansion, with $5 million from Andrew Forrest's new fund Tenmile and follow-on support from Platinum and Northpond.
Also SmartCompany
Dragonfly Enviro Capital reports investing two million dollars in Pacific Biotechnologies' fully subscribed bridging round, with Tiverton Agricultural Impact Fund among other impact investors backing the aquaculture technology company.
Profile of Olympia Yarger, founder of Canberra agri-tech startup Goterra, which uses robot-managed maggots to process food waste into protein and fertiliser, recalling its 2018 seed and 2020 raises led by Grok Ventures.
CoreLogic has bought Geelong-based proptech Plezzel, founded by Greg and Cecille McCutcheon in 2011, to broaden its real estate software tools; the purchase price was not disclosed.
Sydney VC Investible appoints Charlie Ill as its inaugural investment chief and promotes two staff while pursuing global expansion; its climate fund nears target and notches a first exit via MyRobin's sale.
Infradebt has reached first close on the capital raise for its Energy Transition Fund, backed by Grok Ventures and Jana, to lend to big batteries including Neoen's Capital Battery and Genex's Bouldercombe.
Australian manufacturing roundup: Titomic raises via placement, H2X signs hydrogen MoU, Austal posts a loss, Aristocrat trials cashless gaming, IDT restructures, Bisalloy reports, BAE recruits, CDU launches TAFE.
Also @AuManufacturing
A Northern Territory maker has launched a remote cathodic-protection monitoring system, backed by a government grant it matched with its own funds and an earlier pitch prize, and building the territory's first electronics production facility.
Weekly roundup covering four startup raises: DataMesh's bank-backed Series A, GigaComm's shareholder funding, Chronicle's presentation-tool round, and MGA Thermal's seed via Shell's accelerator.
Australia-based off-grid cabin startup Unyoked has raised 18 million euros in a round led by SURPLUS Equity Partners and Realside Financial Group to grow its presence across Europe and other markets.
ARENA grants PLUS ES $2.72 million to build hot water demand-management capability, letting AGL Energy dynamically control up to 20,000 South Australian hot water systems as part of a $5.4 million project.
Petronas' green energy arm Gentari has completed its takeover of Australian renewables firm Wirsol Energy from German parent Wircon, reportedly paying up to $1 billion.
NSW adds $3.5 million to its disaster-recovery connectivity initiative, with five telecom contractors appointed in September 2022 to run trials and findings expected mid-2023.
Weekly agrifoodtech roundup covering funding rounds for Pure Salmon, FreshToHome, SwarmFarm and others, acquisitions of Delphi and Soylent, layoffs at Impossible Foods and GreenLabs, and plant-based labeling news.
NSW meat seller Our Cow attracted almost $1.5 million from 750-plus backers in a day on Birchal, chasing $2.62 million, having raised $2.38 million in April 2022; it also bought failed grocer Voly's brand.
Also AgFunderNews
Samsung C&T has signed an MoU with Perth-based Infinite Green Energy to collaborate on a proposed WA green hydrogen project using the Northam solar farm it recently bought.
Brookfield and MidOcean have lowered their bid for Origin Energy to $8.90 a share, which the target's board is prepared to back; the flagged $20 billion renewables spend is still only an intention.
Sydney payments firm DataMesh Group has banked $30 million in Series A capital, with NAB Ventures at the helm and five newcomers joining; a $12 million pre-Series A from 2021 is also recalled.
Also Australian FinTech
Calix's cement and lime decarbonisation subsidiary Leilac has signed an MOU licensing its electric kiln technology to direct air capture firm Heirloom, with both companies' chief executives commenting on the collaboration.
Investible introduces its climate tech fund's advisory panel, profiling three of its members and describing how the group speeds diligence, sources deals and supports portfolio companies.
Salus Ventures, a new Australian defence-focused VC fund, has hired ex-Salesforce Ventures and In-Q-Tel executive Mike Ferrari as managing director, with a $25 million first close toward a $40 million target.
Roundup of Australian manufacturing news: Austin Engineering and Thales win government grants, IMCRC hands futuremap to the Australian Industry Group, AMSL Aero completes its eVTOL's first flight, and Gale Pacific reports half-year earnings.
A University of Queensland spinout has secured investment from Uniseed and an Indigenous-owned group to commercialise injectable medical gels made from spinifex grass fibres, building on earlier research funded by an Australian Research Council grant.
Startmate unveils its first 2023 accelerator intake, twelve Australian and New Zealand startups working on areas from seaweed packaging and carbon capture to medical devices and farm robotics.
Presentation startup Chronicle, based in Sydney and San Francisco, announced a $7.5 million seed round led by Accel and Square Peg, with angels from several major tech companies participating.
Centerstone Capital, started by two ex-Deloitte executives, led a $10 million series A in 6clicks, an Australian startup founded by former KPMG staff automating consulting work.
Also Startup Daily·SmartCompany·6clicks.com·ARN (ARNnet)·Centerstone Capital portfolio·Techboard
Blackbird welcomes Michael Tolo, Tom Humphrey and Phoebe Harrop into its investment partnership, citing their craft, founder relationships and contribution to its New Zealand expansion.
Western Australia's government has selected three forming local early-stage venture funds, Purpose Ventures, Fund WA and Quokka Capital, for 100,000 dollars each in matched operational funding under its WAVES pilot.
Aura Ventures explains its seed investment in Tutero, an online tutoring startup, joined by Jagen and Commonsense Ventures, pointing to personalised mastery learning and early traction since the platform's December 2021 launch.
Also Aura Group portfolio
SA Power Networks has appointed CS Energy chief Andrew Bills as its next CEO, replacing the retiring Rob Stobbe, as the South Australian electricity distributor prepares for a fully renewable grid.
Startup Daily profiles the twelve ventures entering Startmate's Summer23 accelerator intake, spanning carbon capture, renewables, health, education, robotics and proptech, with founders named for each.
Marketing partnerships marketplace Partnar has secured a $200,000 seed investment from Melbourne venture firm Skalata Ventures, which sees growing value in brand partnerships as third-party tracking fades.
A brief post recording that Rio Ferdinand has announced an investment in, and a partnership with, WeAre8. No amounts, stages or other parties are given.
A NSW thermal energy storage startup won roughly $560,000 from Shell's GameChanger accelerator for its Tomago pilot, which earlier drew $1.27 million from the federal renewable energy agency.
Lingerie startup The OneTwo has launched an online bra-fitting platform, founded by Margot Balch and Maria Golushko, backed by Antler and angel investors, aiming to solve badly fitting bras for Australian women.
Circonomy, formerly World's Biggest Garage Sale, has opened a Melbourne refurbishment hub and launched a national squad helping corporate clients divert surplus goods from landfill, with new CEO Ryan Swenson appointed from shareholder Officeworks.
MGA Thermal won about US$400,000 (A$560,000) from Shell's GameChanger program to speed up its energy-storage demonstration plant near Newcastle, part of a pilot budgeted near A$3 million.
Fintech Superhero has brought back one of its earliest employees, Rachel Hopping, to serve as its first head of strategy, following her time at Fintech Australia. She reports to cofounder and CEO John Winters.
Podcast discussion in which Vast Solar's Craig Wood talks up concentrated solar power, the company's Port Augusta project, and plans to list in New York.
WiseTech is acquiring Blume Global, a US rail-logistics software provider, for US$414 million, following its Envase purchase; founder Richard White separately bought Kyckr for about A$43.5 million through his investment vehicle.
Also Startup Daily
Profile of lingerie startup The OneTwo, which has launched an online bra-sizing platform. Co-founders Margot Balch and Maria Golushko describe the venture, a Kickstarter sales campaign, and backing from Antler Venture Capital and angel investors.
Send Payments closed an oversubscribed $11.5m Series B with Shaw & Partners leading the raise and Regal, Ophir and Wunala as new investors, to fund European expansion and enterprise FX growth.
Geelong carbon wheel maker Partington.cc has secured $2 million toward its current raise, earned dual Australian Good Design Awards, and begun shipping its MKII wheel, with Tour de France winner Cadel Evans advising.
A look at why contract work is booming, profiling Credible, a Sydney HR-tech startup whose platform lets firms hire vetted freelancers quickly and cheaply, as it seeks investors to fund its Australian launch.
A launch profile of custom-bra fitting startup The OneTwo, covering its fitting algorithm, sustainability angle, and social mission, and noting earlier backing from Antler and industry angels.
US fintech investor Michael H. Giles has invested A$6.9 million in Brisbane-listed payments provider Change Financial, taking a 19.99% stake via his vehicle FinTech HQ to support its US expansion.
Tasmania's government has opened a fourth round of manufacturing grants worth up to $100,000 each, and the article recalls a $100,000 grant earlier awarded to Pivot Maritime International under round two.
Plant-based meat maker v2food will shut its Wodonga factory and shift production to third parties, while chief operating officer Tim York replaces departing founder Nick Hazell as chief executive.
Airwallex appoints Justin Yek as Head of Strategic Finance and Corporate Development and Jon Stona as Global Head of Marketing, both joining its global leadership team as the payments platform pursues 2023 expansion.