Funding announcement
Green fertiliser startup PlasmaLeap lands $28 million Series A
Sydney cleantech PlasmaLeap raised a US$20m Series A to build fertiliser hubs and expand green ammonia reactor technology for farmers.
PlasmaLeap Technologies
Ben Lindsay
Roles
Coverage
Stories naming Ben Lindsay. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Series A
$28m
PlasmaLeap raises $28 million to scale green fertiliser tech
PlasmaLeap, a Sydney maker of emissions-free fertiliser technology, has closed a US$20m Series A backed by Gates Foundation, Investible, Yara Growth Ventures and other investors.
3 deals
Construction tech startup builds $3 million pre-Series A after rebrand
Melbourne construction software firm SPEC Toolbox, once CLT Toolbox, has banked a fresh $3 million round with Black Nova and Investible co-leading, its third raise after earlier seed and bridge funding.
Also SmartCompany
Unnamed stage
$2m+
Climate tech startup Good Heat raises $2 million to transform industrial energy
Sydney heat-battery startup Good Heat has raised over $2 million, led by Understorey Ventures with Investible and 2100VC, to replace gas-fired industrial heat with renewable-powered thermal storage, starting in Victoria.
Unnamed stage
$67.2m
Catalysing capital: a new playbook argues for rewriting climate tech investment
A Greenhouse report argues Australia's climate funding problem is deployment rather than capital, citing case studies including NRN's recent $67.2 million raise and blended finance models from Investible and Wedgetail.
6 deals
Renewables virtual power plant startup charges up with $17 million Series A
Household virtual power plant platform NRN has secured a $17 million Series A led by Investible and Virescent Ventures, plus $50 million debt from Infradebt, with Ecotone Partners newly joining via its Planet Fund.
Also Startup Daily
7 deals
Five ANZ startups that raised $21.2 million this week
Weekly roundup detailing funding rounds by five Australian and New Zealand startups: a diversity analytics platform, a thermal energy storage maker, a carbon accounting service, an activated carbon producer, and legal communications software.
Pre-seed
$600k
Former Canva engineer's carbon credits startup banks $600,000 pre-Seed round
CarbonHQ, a climate startup cofounded by Allen Fan and Eugene Datsky, has secured a $600,000 pre-seed round from Galileo Ventures and Investible to build a platform improving transparency in carbon credit projects.
Exit / M&A
Investible names Charlie Ill as first chief investment officer to ramp up global focus
Sydney VC Investible appoints Charlie Ill as its inaugural investment chief and promotes two staff while pursuing global expansion; its climate fund nears target and notches a first exit via MyRobin's sale.
Seed
$500k
Investible plants $500,000 in pre-Series A for Queensland agtech startup DataFarming
A Queensland agricultural data startup has banked a half-million-dollar pre-Series A round led by a Sydney venture firm, its ninth climate-fund backing, with a larger future raise flagged but not yet secured.
Also AgFunderNews·SmartCompany