Ledger. Australian venture funding, tracked

Company

Apple

Coverage

Stories naming Apple. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Series D+ $950m

Bret Taylor's Sierra raises nearly $1 billion months after last capital push

Sierra, the enterprise AI agent firm started by Bret Taylor and Clay Bavor, has banked a $950 million Series E with Tiger Global and Google Ventures at the helm, plus Benchmark, Sequoia and Greenoaks.

Also TechCrunch Australia·aivy.com.au·cmswire.com·theaiworld.org·faq.com.tw·groundy.com

2 deals

‘Diabetes is reversible’: How a triathlete hacked his health and raised $1.6m

Vively, founded by triathlete Tim Veron after reversing his pre-diabetes, raised $1.6 million seed funding led by Archangel Ventures with Bupa Ventures, and has partnered with Bupa to make continuous glucose monitoring more affordable.

Also Startup Daily·SmartCompany

2 deals

Acting-CEO Update Lauren Morrey at BV Founders Day

Breakthrough Victoria's acting CEO reviews 2024: launching the BV Fellowship, investing in JigSpace and Quantum Brilliance, hosting a Founders Day, and recruiting a permanent CEO.

Also Breakthrough Victoria·Aura Ventures·Aura Group portfolio·Startup Daily·SmartCompany·Forbes Australia·SmartCompany·Startup Daily

6 deals

Four Aussie startups that raised $123.6 million this week

Weekly roundup of four Australian raises: HammerTech $105m led by Riverwood Capital, JigSpace $13m led by Breakthrough Victoria, ExoFlare's $5.3m seed, and Go Locum's $350,000 seed led by Paspalis.

undisclosed $13m

Investment Update: JigSpace

Breakthrough Victoria led a $13m raise for AR platform JigSpace, investing via convertible note alongside Aura Ventures, Anorak Ventures and returning backers, with Victorian job growth expected.

Also Aura Ventures·Breakthrough Victoria·Aura Group portfolio·Startup Daily·SmartCompany·Forbes Australia·SmartCompany·Startup Daily

2 deals

Q2 2024 Global Fund Newsletter

Defender AM's quarterly letter reports the Defender Global Fund's Q2 2024 performance, a fresh Lyka Pet Food raise at a higher valuation, and the fund's profitable part-sale of its Lyka holding.

Also Defender AM portfolio·Defender AM portfolio·Shearwater Capital portfolio·Business News Australia

Series B $172m

Fireside Chat: Hysata – Defying hydrogen's hype cycle

Virescent Ventures partner Blair Pritchard reflects on Hysata, the Wollongong electrolyser spinout whose $172 million Series B he led, covering its technology, culture, customers and the green hydrogen market outlook.

Also SmartCompany·Startup Daily·@AuManufacturing·Forbes Australia·RenewEconomy·SmartCompany·@AuManufacturing·Startup Daily·SmartCompany·Startup Daily·AgFunderNews·@AuManufacturing·commbank.com.au·australianmanufacturing.com.au·Crunchbase News

News

Keynote speaker announced for Australia’s 50 Most Innovative Manufacturers awards event

Ahead of its 50 Most Innovative Manufacturers awards breakfast, @AuManufacturing names Advanced Navigation chief executive Xavier Orr as keynote speaker, recounting his company's gyroscope manufacturing, Botany factory and underwater exploration work.

Series A

Q1 2024 Global Fund Newsletter

Defender's quarterly investor letter reports its global fund's Q1 2024 performance and public-market moves, and revisits its Series A backing of Lyka Pet Food, an Australian fresh pet food maker building a Victorian facility.

Also Defender AM portfolio·Shearwater Capital portfolio·Business News Australia

Funding announcement

Q1 2024 Global Fund Newsletter

Defender's fund letter reports a 2% quarterly return, discusses listed trades including a semiconductor ETF position, and revisits its Series A investment in Australian pet-food maker Lyka Pet Food.

7 deals

Six Aussie startups that raised $21.3 million this week

Roundup of the week's Australian raises: Sitemate, Kashcade, Psychae Therapeutics, MediCann Health, Refilled and Upworth together banked $21.3 million across software, lending, psychedelic medicine, cannabis and drink dispensing.

Also Startup Daily·Startup Daily·SmartCompany·Forbes Australia

4 deals

The Ignition Lane Wrap: Life in the fast lane. And calling road service

Ignition Lane's weekly wrap: Tiger Global's losses and past Australian bets, MilkRun and TradeSquare closures, Cyara's Spearline acquisition, a Co Ventures pre-seed fund, Square Peg's partner promotion and LaunchVic's 30×30 picks.

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