Ledger. Australian venture funding, tracked

Company

Asahi

Coverage

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

Seed £120k

Diageo Acquires Tipplesworth: A Strategic Pivot Toward Premium Ready-to-Drink Innovation

Spirits giant Diageo bought British premixed cocktail maker Tipplesworth for £112 million in March 2024; the article examines the deal's rationale, the brand's retail growth, and planned expansion into Canada, Australia and the US.

Funding announcement

Fermentum Grows Melbourne Footprint With Two Birds Brewing Purchase

Private-equity-backed drinks group Fermentum has bought Melbourne craft brewer Two Birds for $24.7 million, its sixth brewery; the piece also reviews the site's sustainability record and earlier sector consolidations.

Also glassandnote.com

8 deals

Three ANZ startups that raised $61.4 million this week

Weekly roundup of three Series A raises: chipmaker Syenta (US$26m), insights platform Ideally and battery recycler Renewable Metals, detailing leads, amounts and each company's earlier funding.

Also Startup Daily

Unnamed stage $6.5m

Acorn Capital Invests $6.5 million into Complexica, Pushing Total Funds Raised Past $31 Million

Venture investor Acorn Capital's $6.5 million investment in AI software vendor Complexica lifts outside backing past $31 million since 2021, adding the fund manager to an institutional shareholder register.

Also Startup Daily

Exit / M&A

Online alcohol retailer BoozeBud calls in the administrators amid brutal market for consumer-facing startups

BoozeBud has entered administration, with William Buck's Michael Brereton and Sean Wengel appointed. The piece recounts the online alcohol retailer's 2018 sale to ZX Ventures, its 2020 sale back to founders, and its Get Wines Direct acquisition.

Also Startup Daily·Startup Daily·SmartCompany·Startup Daily

35 deals

FUNDED October 2022

Techboard's monthly roundup tallies October 2022 startup funding at $661m across 99 deals, listing megadeals such as Airwallex, acquisitions, Square Peg's $861m fund close and government grants to program operators.

Also @AuManufacturing

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