3149 rounds · 1991 startups · 3641 investors
Person Invested in this round Raised it Closed a fund Mentioned
Amount confirmed Amount is an estimate
Brisbane payments software company Alii raised $2.5 million in a pre-Series A round valuing it at $10.25 million, led by existing backer Maranello Capital, which had also invested in its 2021 seed round.
Early-2023 roundup of startup raises: a solar software company closed a Series B, an adventure-tech firm landed Series A money, and an angel investing platform raised seed capital.
Perth veterinary tech startup Vedi raised $3 million from MSD Animal Health and New York's Companion Fund to expand its pet medical record platform in Australia and the UK.
Solar design platform OpenSolar has closed a Series B led by Telstra Ventures with 2150 and existing backers, funding expansion of its free contractor software used across more than 130 countries.
The energy minister plays down Sun Cable's move into voluntary administration as a structural change, insisting its Australia-Asia PowerLink will proceed, while co-backers Cannon-Brookes and Forrest have reportedly fallen out.
Milo radio maker Loose Cannon Systems has raised a A$12 million Series A led by De Novo Ventures with XT Ventures. Founder Peter Celinski previously sold Avega Systems to Altec Lansing and earlier crowdfunded US$2.5 million.
Also SmartCompany
Solar developer Sun Cable has entered voluntary administration after its two major backers failed to agree on funding, with FTI Consulting appointed and a recapitalisation or sale flagged as likely.
Zeller hires Priya Kanniappan as Head of Marketing in Melbourne; she previously held senior marketing roles at carsales and Eventbrite and mentors at RMIT.
ENA Respiratory receives a USD 4.38 million U.S. Department of Defense agreement to develop an intranasal dry powder antiviral; its past Series A backers are also recalled.
Queensland's new Enterprise Acceleration Fund makes its debut investment, backing Gold Coast equity-platform startup Cake Equity's SAFE note round alongside Rampersand and Launch VC, with hiring plans flagged.
Australian micro market company Morsl has closed a $5 million Series A at a $14.4 million post-money valuation, anchored by a $4.3 million cornerstone investment from Cairns family office The Chapman Group.
ARENA has awarded $2.78 million to a University of Sydney professor partnering with SunDrive on perovskite-silicon tandem solar cells. The piece also recalls SunDrive's $21 million Series B and names its backers.
Melbourne body-scanning startup Bodd raised $5 million led by Candice and Nick Hirons to expand into North American wellness, fashion and pharmaceutical markets and grow its uniform business.
Law firm Lander & Rogers advised AirTree Ventures on FairSupply's AUD6.3 million Series A, with Tidal Ventures, Minderoo Foundation and QIC participating; the firm also recalls recent raises by QuintessenceLabs and Logmaster.
Administrators KordaMentha sold monogrammed fashion label The Daily Edited to Bernie Brookes' BJM, price undisclosed, while Kogan.com separately bought collapsed furniture retailer Brosa for $1.5 million.
Aura Group's managing director reflects on 2022, citing funds under management growth, new portfolio additions, and exits including Finsure Group's sale to MA Financial and Avanseus's announced NASDAQ SPAC merger.
Angel network Innovation Bay is expanding to Queensland in 2023, planning a Brisbane investor day and a Gold Coast VC retreat; EduVidd's founder credits an earlier pitch event with helping her raise $600,000.
Breakthrough Victoria's chief executive reviews the investment firm's first operating year, recalling backing for several startups, a university pre-seed fund platform, a quantum technology facility, and a new environmental challenge program.
Kogan.com has bought collapsed online furniture seller Brosa out of administration for $1.5 million, promising to fulfil customer orders, while the piece recalls Brosa's earlier venture raises and Kogan's past distressed-brand purchases.
Kogan has bought collapsed online furniture retailer Brosa out of administration for $1.5 million, a week after administrators KordaMentha were appointed, and will fund delivery of outstanding customer orders.
Also Startup Daily
A year-end roundup listing six recent startup raises, giving amounts, lead investors and co-investors for Tic:Toc, 5B, Syenta, Vively, Aerotruth and Potiki, plus each company's stated plans for the money.
Weekly agrifoodtech roundup covering several food and agtech funding rounds, a research grant for Crop One, a grocery delivery partnership, and the closure of Australian startup YourGrocer.
Carbon Group's case study describes how its CFO and accounting services supported medtech startup VeinTech, whose founders met through Perth Biodesign, including helping close the company's recent seed round.
Perth gaming and software firms Ninja Software and Ninja Syndicate have entered administration after a planned capital raise fell through, leaving 55 staff seeking work while former sales chief Lan Tran helps place them.
Partnership software maker Aerotruth has closed an oversubscribed seed round led by Archangel Ventures, with six other investors joining, to fund global growth and product development.
Also SmartCompany
Share trading platform Superhero is demerging from crypto exchange Swyftx, its founders resuming control via a management buyout backed by earlier investors, as Swyftx contends with crypto downturn and repeated staff cuts.
Compliance software firm Zipline.io has secured A$10 million, led by existing backer EVP, to grow in the US, with SecondQuarter Ventures giving staff and early investors liquidity; a prior A$6 million Series A2 closed in November 2021.
Perth true-crime walking tour startup Dark Stry launched an augmented reality Murder and Macabre tour, and reported receiving a $25,000 government geolocation grant alongside two other Western Australian recipients.
Perth hydrogen storage company Carbon280 raised 7.6 million dollars from Woodside and Hive Energy to pilot its licensed Hydrilyte technology, after an earlier UK-government-funded trial.
Ignition Lane's year-end review of 2022 tech news: shifting VC sentiment, record Australian fund raises, grocery delivery failures and shutdowns, local M&A, crypto fallout, awards, and global stories from Twitter to ChatGPT.
Also AgFunderNews
Ticketing and live entertainment company TEG has bought a majority stake in FAN+, a Sydney marketplace for athlete and club experiences, which will integrate with Ticketek. The startup earlier passed through two accelerators and counts Artesian among its backers.
Biotech Aravax has received a US$20 million Series B commitment from Brandon Capital and Tenmile to advance its peanut allergy therapy PVX108 into Phase 2 trials.
Also Brandon Capital portfolio·Startup Daily·Startup News (WA)·Techboard·Startup Daily
Blackbird's investment notes explain why it led a seed round into Canberra printed-electronics startup Syenta, profiling co-founder Jekaterina Viktorova and the company's multi-material 3D printing technology.
Also Startup Daily·SmartCompany·Startup Daily·Forbes Australia
BP's venture arm invested $20 million to complete solar company 5B's $55 million Series B, with existing backers adding more, supporting international expansion and a North American manufacturing hub.
Aravax has begun its Series B with a US$20 million investment from Brandon Capital and Tenmile, funding Phase 2 trials of its peanut allergy immunotherapy PVX108 while it seeks further capital.
Also Brandon BioCatalyst portfolio·Brandon BioCatalyst portfolio·Brandon Capital portfolio·Forbes Australia·Techboard·Business News Australia
TagEnergy will proceed with a large battery and wind hub at Mount Fox in Queensland after winning a place in ARENA's battery tender; its Golden Plains wind farm stage reached financial close last month.
Manufacturing roundup: Boeing ends local 747 parts, ASM signs a rare earths supply deal, Melt Ventures launches a seed fund raise, Thales trials dockyard tracking, and Synchron closes a large round.
Neoen's Queensland solar farm has become the nation's largest operating, and the developer has won government grant funding for three grid-forming battery projects in Queensland, Victoria and South Australia.
Weekly roundup covering 14 startup raises totalling over $260 million, headlined by Synchron's $110 million round, plus Roller's shareholder liquidity payout, Partly's record New Zealand Series A, and several government grants.
Also Startup Daily·Startup Daily·Techboard·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup News (WA)·Startup News (WA)
Alberts Impact Ventures recaps 2022: six new portfolio companies, five follow-on investments, a led seed round in Abby Health, plus team events, a trade mission and investor recognition.
Brain-computer interface maker Synchron has closed an oversubscribed Series C, with proceeds earmarked for product development and clinical trials; its co-founder downplays any rivalry with Neuralink.
Furniture ecommerce firm Brosa has entered voluntary administration with KordaMentha appointed and seeking buyers, after earlier venture raises from AirTree, Bailador and BMY Group.
Australian solar company 5B completed its $55 million Series B after bp ventures invested $20 million, joining AES and Artesian, with funds earmarked for global expansion and R&D.
Digital twin software company Willow raised US$28.8 million from existing backers and directors at a reduced valuation, with the article recalling its 2021 pre-Series B and 2019 Series A raises.
Profile of Cairns startup Rainstick, which uses artificial lightning to boost mushroom growth. It won $20,000 from Dream Ventures, has taken in $200,000, and joined CSIRO's ON Accelerate with nine other teams.
CSIRO has revived its ON Accelerate program and named ten deep-tech startup teams, drawn from universities and its own research, joining the seventh cohort starting in early 2023.
Sydney ESG supply-chain analytics firm FairSupply has raised a $6.3 million Series A led by AirTree, with Tidal Ventures, Minderoo Foundation and QIC investing, following Minderoo's earlier 2021 backing.
BP Ventures has invested $20 million in Australian solar technology company 5B Holdings, completing its $55 million Series B round co-led by existing backers AES Corporation and Artesian.
CSIRO has chosen ten deep-tech ventures from Australian universities and research for its ON Accelerate programme, including Queensland startup Rainstick; the program has helped form 66 companies since 2015.