Ledger. Australian venture funding, tracked

Startup · $9.4m raised · Education

Australian National University

University from which Liquid Instruments spun out

Canberra, ACT

Coverage

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

6 deals

From solar cells to solar farms: Quest for ultra-low cost PV gets $100 million federal boost

ARENA will spend up to $105.6 million on 20 solar research projects, including grants for Sunspence, Proa Energy and a University of Sydney tandem-cell team working with panel maker Unison Solar.

Also Mirage News

Grant ~$53m

Burning forest “waste” to make cement is poor climate policy, poor environmental policy and bad economics

Commentary contends the federal government's near-$53m backing of a Tasmanian cement kiln switch to burning wood waste and tyres is misguided, arguing biomass burning raises emissions, damages forests and wastes public money.

Also RenewEconomy

Series C US$50m

The instrument that does the work of seventeen

Retrospective on Liquid Instruments, the Canberra-born software-defined test instrument maker, which has closed a fifty-million-US-dollar Series C co-led by the reconstruction fund and Keysight, with Significant Ventures among existing investors.

Also Breakthrough Victoria·Breakthrough Victoria·Breakthrough Victoria·Breakthrough Victoria·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Cut Through Venture·Startup Daily

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

3 deals

AI chip maker Syenta raises $36 million to expand to the US

Chip startup Syenta raised a Series A led by Playground Global with the National Reconstruction Fund to commercialise its packaging technology and expand into the US; ex-Intel chief Pat Gelsinger joins its board.

Also SmartCompany·Startup Daily

7 deals

Five Aussie startups that raised $85 million this week

Roundup of five Australian raises totalling $85 million: National Renewable Network's Series A, plus Syenta, Cuttable, SprintSuite and Bitwise Agronomy, with lead investors and expansion plans for each.

Unnamed stage

Samsara Eco, lululemon announce ten-year offtake agreement on recycled nylon, polyester

Samsara Eco and lululemon signed a ten-year offtake agreement for enzymatically recycled nylon and polyester, building on their 2023 partnership; Samsara plans a NSW plant and an international facility by 2028.

Also TechCrunch Australia·SmartCompany·@AuManufacturing·Techboard·SmartCompany·@AuManufacturing·@AuManufacturing·Forbes Australia

Funding announcement

Here are the 11 deep tech startups to emerge from CSIRO's ON Accelerate

CSIRO's ON Accelerate program presents its ninth intake of eleven research startups, drawn from universities nationwide and the agency itself, spanning biotech, healthcare and sustainability, at a Melbourne showcase.

2 deals

Quantum Brilliance Raises $20M to Scale Diamond Quantum Tech

Diamond quantum hardware maker Quantum Brilliance raised $20 million in Series A funding from Main Sequence, In-Q-Tel and Australian government investors, and won a German agency contract for a mobile quantum computer.

Funding announcement

Manufacturing news briefs — stories you might have missed

Roundup: Space Machines' joint India mission clears a design milestone with an $8.5m government grant behind it, RMIT and Skykraft scale up photonics-based navigation tech, and SunCable names a new group CEO.

Series A US$20m

Quantum Brilliance Raises $20 Million in Series A Funding Round

Diamond quantum hardware maker Quantum Brilliance announced a US$20 million Series A with Main Sequence, In-Q-Tel, Intervalley Ventures, NRFC and Breakthrough Victoria among its backers, to build a foundry and sensing prototypes.

4 deals

Synthetic diamond creator Quantum Brilliance shines on with $23 million from National Reconstruction Fund & Breakthrough Victoria

Quantum Brilliance, a Canberra-based maker of diamond-based quantum chips, has drawn fresh equity from the National Reconstruction Fund and more from Breakthrough Victoria to build a diamond foundry, with prior grants and backers recapped.

Seed $3.3m

Investment Notes: Nominal Systems

Jelix's note explains its fund's participation in Nominal Systems' oversubscribed seed round, profiling the spacetech founders, their industry collaborations, early profitability and plans for recurring digital-twin revenue.

News

iLAuNCH backs green innovation in epoxy resins for composites

Adelaide resin maker Change Climate is partnering with three universities in the iLAuNCH Trailblazer program to test whether its bio-based epoxy can survive space conditions for aerospace composites.

17 deals

Manufacturing news briefs – stories you might have missed

Manufacturing sector roundup: Whyalla steelworks resumes production, Maggie Beer Holdings' chief executive to depart, ReNu Energy secures hydrogen funding, Defence names grant recipients, Orthocell gains Canadian approval, and AEA appoints its advisory board.

3 deals

‘Game changer’: Samsara Eco raises $100 million for infinite recycling of plastics

Australian plastics recycler Samsara Eco secured a Temasek-led Series A+ of $100 million to scale enzyme-based infinite recycling, with Southeast Asian facilities planned, adding to its 2022 Series A.

Also TechCrunch Australia·SmartCompany·@AuManufacturing·Techboard·SmartCompany·@AuManufacturing·@AuManufacturing·@AuManufacturing

2 deals

Samsara Eco is working to replace plastic packaging with fossil fuel-free alternatives

Australian enzymatic plastics recycler Samsara Eco raised a large all-equity round led jointly by Temasek and Main Sequence, with Lululemon among other backers, funding new recycling facilities and team growth.

Also SmartCompany·Startup Daily·Forbes Australia·SmartCompany·SmartCompany·SmartCompany·SmartCompany·@AuManufacturing·Forbes Australia·@AuManufacturing·Forbes Australia·Forbes Australia

19 deals

Nine Aussie startups that raised $38.3 million this week

Roundup of nine local startups that together banked a combined $38m-plus this week, spanning precision instruments, proptech, adtech, robotics, food, energy storage and AI, with several earlier raises recalled.

Also Australian FinTech·Startup Daily·SmartCompany·AgFunderNews

4 deals

Manufacturing news briefs – stories you might have missed

Manufacturing roundup: Australian Vanadium and entX land government grants, Hexagon Energy Materials completes a $1 million round, Australian Dairy Nutritionals appoints a CEO, Aurora Labs adds a director, plus vessel, export and research briefs.

3 deals

Canberra-born startup Liquid Instruments scores $15 million from Breakthrough Victoria

Victorian government-backed investor Breakthrough Victoria has put $15 million into Liquid Instruments, a maker of reconfigurable instruments expanding to Melbourne; earlier raises by Acorn Capital and Anzu Partners are also recalled.

Also SmartCompany

Funding announcement

Towards 3% R&D – Reach for the Moon to innovate by Xavier Orr

Opinion piece by Advanced Navigation's CEO in an @AuManufacturing series arguing for space R&D investment, citing the company's $5.2 million Australian Space Agency grant and Space Machines' satellite launch.

21 deals

ARENA awards $59.1 million to hydrogen, steel-related R&D projects

Australia's renewable energy agency handed out $59.1 million in grants across two rounds, backing 21 university, CRC and startup projects in green hydrogen and cleaner iron and steel production.

Also RenewEconomy

21 deals

ARENA boosts funding and names winners for green hydrogen, iron and steel projects

The Australian Renewable Energy Agency has expanded its hydrogen and green metals research funding to $59.1 million across 21 projects, with recipients including Hysata, Curtin University and Fortescue subsidiary MIH2.

Also @AuManufacturing·@AuManufacturing

19 deals

$51 million for CRC-P industry research collaborations

Federal grants roundup: 21 Cooperative Research Centres Projects awards worth $51 million in Round 15, with EQ Plastics, Optiscan Imaging and NEXSEN BioTech each receiving $3 million for product development.

Also RenewEconomy

Funding announcement

Here are the 12 deep tech startups CSIRO chose for its latest ON Accelerate program

CSIRO has picked twelve deep-tech teams, mostly from Australian universities, for the eighth edition of its ON Accelerate commercialisation program starting in February 2024.

Pre-seed

Why We Invested In Haast

Aura Ventures' post sets out its case for leading Haast's pre-seed round alongside Black Sheep Capital and angel investors, backing the AI startup's platform for brand and regulatory compliance across digital marketing.

Also Aura Group portfolio·SmartCompany·Startup Daily·SmartCompany·Startup Daily

Unnamed stage $18.2m

Manufacturing news briefs – stories you might have missed

Roundup of manufacturing briefs: biotech Imugene's share plan added A$18.2 million, EVOS shifted its Brisbane head office, ANSTO won federal backing for nuclear medicine, CSIRO endowed Wollongong scholarships, plus two chief executive appointments.

3 deals

The 3 Australian companies on Forbes Asia's 100 to Watch list

Three Australian companies — Fleet Space Technologies, MoreGoodDays and Syneta — feature on Forbes Asia's 100 to Watch list; the piece profiles each business, its backers and recent raises.

2 deals

Nourish Ingredients aims to launch fats with an 'authentic animal taste and aroma' in late 2024

Australian precision fermentation startup Nourish Ingredients secures government funding and grants, recalls its Series A, and outlines plans to launch its first animal-like fat in late 2024.

Also AgFunderNews

2 deals

ANU physicists raise $10 million in a Series A for their quantum sensor startup, Nomad Atomics

Quantum sensor startup Nomad Atomics, founded by three ANU physicists, has closed a Series A backed by Blackbird and Right Click Capital to commercialise miniaturised gravimeters for mining and navigation.

Also @AuManufacturing·Startup Daily

Funding announcement

World-first non-Earth imaging camera “manufactured entirely in Australia” gets launched

HEO Robotics' Holmes Imager, described as the first commercial camera for non-Earth imaging built entirely in Australia, launched on a SpaceX rocket, with several local manufacturing and research partners credited.

Funding announcement

EnergyLab is backing these 11 Australian lithium battery startups with plans to change the world

EnergyLab's Supercharge Australia initiative has selected eleven startups for its first Innovation Challenge, covering lithium batteries, EV conversion and recycling, with experts judging a Sydney pitch event in March.

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