Cannaponics

Data snapshot: From ‘lightning in a box’ to microbial carbon capture, agrifoodtech investment moves upstream in Australia as investors focus on climate mitigation

A data review of 2023's ten largest Australian agrifoodtech raises, topped by Loam Bio's US$73.2 million Series B, showing funding down 33% as capital concentrated in upstream climate-mitigation startups.

Crowdfunding platform Birchal launches its own raise, seeking $3 million

Crowdfunding platform Birchal has opened a new raise on its own site, seeking $3 million; the piece recalls its 2022 raise, 2023's top platform raises and several CSF-funded failures and a listing.

Crowd-sourced funding: solving the tyranny of distance to capital

Birchal's cofounder argues equity crowdfunding is closing the capital gap for founders outside the big cities, citing Western Australia's FY23 growth and two regional companies reaching the $5 million cap.

Medical cannabis startup Cannaponics raises maximum $5M crowdfunding

Collie medicinal cannabis firm Cannaponics matched Birchal's equity crowdfunding record with a fully subscribed $5 million round; two other recent platform raises are noted in passing.

Seven startups that raised $77.2 million this week (kind of)

Weekly roundup of seven Australian and New Zealand startup raises, headlined by a previously unreported $32 million seed for banking software venture Constantinople, plus new rounds for six other companies.

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FUNDED APRIL 2022

Techboard's monthly roundup cataloguing April 2022 Australian startup funding: megadeals, seed rounds, grants and crowdfunding, nine acquisitions, several ASX listings, and venture firms' fund news.