3149 rounds · 1991 startups · 3641 investors
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Sydney quantum software firm Q-CTRL announced a $27.4 million Series B extension with new backers including Salesforce Ventures, following its $25 million Series B led by Airbus Ventures in late 2021.
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KPMG data shows Australian startup funding hit a record in 2022 despite a global downturn, while accountancy fintech Hnry closed a $35 million Series B led by AirTree to double headcount and expand overseas.
University of Melbourne's Tin Alley Ventures fund has raised $100 million toward a $200 million target, backed by the university, Breakthrough Victoria and local business figures, with a second close targeted for mid-2023.
Also @AuManufacturing
Administrators begin selling Sun Cable; Cannon-Brookes' Grok lent $65 million interest-free to retain staff while Forrest's Squadron Energy opposes the Singapore cable plan.
Accounting fintech Hnry raised a Series B led by AirTree, with Left Lane, Akshay Kothari and Athletic Ventures participating, to fund hiring, international expansion and product development.
Also Australian FinTech·Forbes Australia·SmartCompany·SmartCompany·Startup Daily
Zeller launches transaction accounts, debit cards and an app, expanding beyond payments into broader business banking services, and announces an exclusive distribution partnership with Officeworks for its debit card.
Fintech Zeller launches standalone transaction accounts and debit cards for small businesses, distributing physical cards through Officeworks stores nationwide as it challenges the big banks.
Techboard's September 2022 roundup reports Australian raises led by Morse Micro's $140m Series B, several acquisitions including ResApp Health to Pfizer, fund closes by Telstra Ventures, OIF and Main Sequence, and open raises.
A wholesale hospitality procurement marketplace has closed a Series B led by a South African venture firm, with a New York investor, a Melbourne group and its founding backer also participating, after a 2021 raise.
Salesforce is shutting its Australian venture arm amid global layoffs. Local head Mike Ferrari has departed, and the unit's Australian investments will now be run from the company's American headquarters.
LaunchVic reopens expressions of interest for its 30×30 program aiming to create 30 Victorian unicorns by 2030, recalling last year's nine participants, while July appoints Joanne Smith as its first chief financial officer.
Australian microbiome-focused haircare brand Straand has secured a $2 million pre-seed investment from Unilever Ventures to fund expansion into the US, UK, Europe and China, with advisory support from Lempriere Wells.
Victorian luggage retailer July has hired Joanne Smith away from Little Birdie as its first chief financial officer, after its leadership team completed LaunchVic's 30×30 scaleup program.
Techboard's monthly roundup catalogues December 2022 startup raises, led by Synchron's $110m Series C, with health and biotech taking the largest share and 55 funding events captured totalling $546m.
Canberra and Berlin award HyGATE initiative grants to green hydrogen projects led by Edify Energy with Siemens and by ATCO, plus electrolyser developer Hysata, backing early stages of gigawatt-scale Australian plans.
Also RenewEconomy
Gates discussed livestock emissions in a Lowy Institute session, recalling his firm Breakthrough Energy Ventures' investment in Western Australian methane-supplement startup Rumin8, and praised Australian agriculture and climate policy.
DataBench completed a SAFE note round, drawing full subscription and £500,000 from existing shareholders, and invites investors to register interest in a planned future seed round.
A Credible-authored opinion piece argues the contract workforce is booming, criticises outdated hiring tools, promotes its contractor hiring platform, and invites readers to its deal room while it seeks growth capital.
Weekly agrifoodtech deal roundup: grocery and agtech startups announce new funding rounds, an Australian feed-additive startup lands backing, several acquisitions and a shutdown occur, and a protein fund launches.
Also AgFunderNews
Weekly roundup covering three Australian raises: Rumin8's climate tech funding led by Breakthrough Energy Ventures, Ferronova's biotech round led by Renew Pharmaceuticals, and EMVision's stroke imaging milestone payment.
Profile of CoaXion, which tracks heavy machinery to value assets in real time for owners, lenders and insurers. Its seed round raised $2.65 million, a pre-Series A is underway, and US expansion is planned.
Five startups joining Tennis Australia's inaugural AO StartUps accelerator cohort have been named, each trialling its technology at the Grand Slam tournament; two further participants are still to be revealed.
Workplace mental health platform Foremind has secured seed backing from Skalata Ventures to expand support for construction workers, a sector where suicide deaths outstrip workplace accidents and assistance programs are often missing.
Atlassian's cofounder, through his family firm Grok Ventures, has extended a $65 million interest-free loan to administrator-run Sun Cable, which is up for sale after a founder split; Grok earlier co-led its $210 million Series B.
WA climate tech firm Rumin8 closed the second phase of its seed round, raising US$12 million from Breakthrough Energy Ventures and Harvest Road Group, with existing climate fund investors topping up their holdings.
Also SmartCompany·Techboard
Byron Bay payments fintech Zepto has hired Laura Mineo as chief financial officer, returning from New York where she was CFO at Rokt and an executive director at Goldman Sachs.
Breakthrough Energy Ventures, the fund led by Bill Gates, took part in a $17.24 million round for Perth climate startup Rumin8, whose cattle feed additives cut methane; Prelude Ventures, Aware Super and Harvest Road also invested.
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Adelaide biotech Ferronova raised $11 million for its cancer-detection nanotechnology, with Renew Pharmaceuticals and a government CRC contributing, following an earlier $4.6 million Series A in 2020.
Also SmartCompany
Adelaide cancer-focused biotech Ferronova has secured fresh backing: an investor round led by Irish strategic partner Renew Pharmaceuticals plus a federal research grant, to speed clinical trials in stomach and brain cancers.
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Novatti will lead a government-backed anti-money laundering collaboration with RMIT, Hashkloud, thankQ Solutions and Swyftx, funded by a $2.3 million CRC-P grant.
Adelaide biotech Ferronova announced an A$11 million package: an A$8 million round led by Ireland's Renew Pharmaceuticals plus an A$3 million government CRC-P grant, with existing shareholders Uniseed and Artesian also participating.
Archangel Ventures' annual review recounts closing its second fund above $32 million, passing $10 million invested in Australian startups, and portfolio raises by Aerotruth, Bare, Trendspek, Pearler and Vively during 2022.
Weekly roundup of Australian raises: Bloom's seed round, Vedi's animal-health funding, Alii's pre-Series A, and Code Like A Girl's government grant, alongside other WiSE grant recipients.
Australian trading and wealth technology firm Openmarkets Group has signed a definitive merger agreement with Nasdaq-listed SPAC Broad Capital, valuing it around US$90 million, with the combined entity expected to list on Nasdaq.
Roundup of manufacturing news: Vaxxas secures CEPI funding and a CRC-P grant, Hastings gains an increased NAIF loan, Bio-Gene receives an R&D tax incentive, plus jobs data and a skills consultation.
The article reports WeMoney achieved its first profitability in late 2022, with strong revenue and user growth, and notes it may fundraise in 2023 after raising $9m to date from several backers.
Doshii partners with CommBank and Uber to connect restaurant ordering apps, and launches Smart Hospitality payment splitting. The article recalls Doshii's January 2021 acquisition by CommBank's X15ventures.
Sun Cable's administrators held a first creditors' meeting and sought interim funding while preparing the company for sale, with Forrest and Cannon-Brookes likely bidders and Iberdrola and Macquarie possible contenders.
Vaxxas partners with CEPI, which will fund preclinical testing of its needle-free vaccine patch for mRNA vaccines, work that could remove cold-storage needs and widen global access to such vaccines.
Also Brandon BioCatalyst portfolio·@AuManufacturing·@AuManufacturing
An IEA report finds solar soiling cuts panel output and causes multi-billion-euro losses, and ARENA has awarded $2.5 million to a UNSW project building an automated solar plant management platform.
The federal government announced grants supporting 19 Australian manufacturing collaboration projects, including Dovetail Electric Aviation's electric aircraft conversions, Vaxxas' vaccine patch, and Whiteley's anti-biofilm wound treatments, while opening the next CRC-P round.
Also @AuManufacturing·SmartCompany·Startup Daily·@AuManufacturing·@AuManufacturing
FairSupply has closed its Series A funding round led by AirTree Ventures, with Tidal Ventures, Minderoo Foundation and Queensland Investment Corporation participating; the amount was undisclosed and K&L Gates advised on the deal.
Melbourne engineering-software firm ClearCalcs has landed a further $2.5 million led by EVP and Shearwater Capital to fund its next growth phase; the piece also notes a September growth-hire appointment.
Melbourne engineering software firm Calcs.com raised an extra $2.5 million from existing backers EVP and Shearwater Capital, lifting its pre-series total to $5 million after doubling revenue since its November 2021 round.
A profile of David Ferrall's FinClear and its FCX platform, which tokenises unlisted securities on distributed ledger, recalling the parent company's roughly $500 million valuation at a $20 million raise about a year ago.
A roundup of Australian defence industry items: submarine build plans reaffirmed, missile supply contracts for Kongsberg and Lockheed Martin, DroneShield purchase orders, an F-35 warehouse deal, and questions over a shipbuilding college closure.
Profile of location-sharing app Life360 covering its origins, early backing by Carthona Capital's James Synge, a Google grant, its ASX listing, and its acquisitions of Tile and Jiobit.
Our Cow, a NSW meat subscription business, bought the brand, app and customer database of collapsed grocery delivery startup Voly; the article also recalls Voly's seed raise and Our Cow's crowdfunding round.
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Fintech startup Bloom Impact Investing has raised a $525,000 seed round led by angel investors Dominic Pym, Collis Ta'eed and Cyan Ta'eed to scale its ethical investment app and grow business development.