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🇦🇺 This Week in Australian Startups #173, 9th August 2026

Weekly roundup: Firmus completes its $2.85b round; Procore acquires DroneDeploy; Atlassian rebounds while Canva cuts guidance; plus fresh raises for Zabidou, BioScout, Vexev, Enrola, Spacetalk and others.

Also Dealroom·RenewEconomy·RenewEconomy

Sydney-based AI data center company Firmus raised $2B in funding from Coatue, Nvidia, and others at a $10.5B post-money valuation, up from $5.5B in April

Firmus, a Sydney company building AI data centres, has raised $2 billion from backers including Coatue and Nvidia, lifting its post-money valuation to $10.5 billion from $5.5 billion in April.

Also DealStreetAsia

Four Aussie startups that raised $2.86 billion this week (sort of)

Roundup of four Australian raises: Firmus Technologies' US$2 billion round at a $15 billion valuation, Eudaemon's $3.75 million, Zabidou's $3.5 million seed round, and Rampart's $2.3 million.

Also This Week in Australian Startups

AI data centre startup Firmus just raised another $2.85 billion at a whopping $15B valuation

Firmus has secured a further US$2bn at a $15bn valuation from Coatue, Nvidia, Blackstone and Jane Street, taking its 12-month capital intake past US$3bn to fund Australian AI data centre projects.

Also SmartCompany·SmartCompany·AFR Technology·Business News Australia·This Week in Australian Startups·AFR Technology·SmartCompany·Startup Daily·Forbes Australia

💫 Ramplify: April Architect

Rampersand's April newsletter: an essay on AI services startups, model releases from Anthropic and Meta, Firmus Technologies' $505 million raise, Dexibit's sale to accesso, plus portfolio jobs, events and market commentary.

Also Dealroom

AI data centre startup Firmus eyes off another $725 million raise as it readies to IPO on the ASX

Sydney-founded AI data centre company Firmus, now Singapore-based, says Coatue and Nvidia are set to back its next US$505 million raise before a planned ASX listing, after earlier raises including Nvidia's A$330 million.

Also SmartCompany·SmartCompany·iTnews

Australia's Firmus raises $505M from Coatue and Nvidia at $5.5B valuation ahead of $2B IPO

Firmus, an Australian builder of AI data centres, has banked $505 million from Coatue and Nvidia at a $5.5 billion valuation, with a $10 billion debt facility already secured and a sharemarket float planned.

Also Startup Daily

Crunchbase Predicts: 15 Companies That Could Go Public In 2026 As The IPO Market Gains Momentum

Crunchbase's 2026 forecast lists fifteen late-stage companies it deems probable or very likely IPO candidates, profiling each with past raises, valuations and secondary sales; Australia's Canva makes the list.

Two Aussie startups that raised $8.2 million this week

Roundup of a quiet funding week: Melbourne workforce-platform maker 2cloudnine banked over $7.5m, algae-ingredient maker SeaStock $740,000 from government accelerator FaBA, while San Francisco's Sumble emerged with $59m.

Also Startup Daily

AI, Web3 And E-Commerce Led For New Unicorns In April 2024

Eleven companies reached billion-dollar valuations in April 2024, led by Xaira Therapeutics' $1 billion Series A; Rubrik and Ibotta listed on the NYSE, and several existing unicorns raised at higher valuations.

Also Crunchbase News

The transformative power of community rounds

Birchal's co-founder and CEO argues in an opinion piece that letting customers invest alongside venture backers builds loyalty, pointing to past raises by Replit, Zero Co and Thriday as examples.

Atlassian to acquire US video messaging startup Loom for $1.5 billion

Atlassian is buying video messaging company Loom for US$975 million, giving its venture backers an exit, in a week when a Confluence security flaw was exploited by a nation-state actor.

From 2 million users to 35 million: What hypergrowth taught former Linktree product director Jessica Box about leadership

Jessica Box reflects on leadership lessons from her years in senior product roles during Linktree's rapid growth, covering culture, organisational systems and market moats, before leaving to found her own startup.

Ignition Lane's Weekly Wrap: The unicorn boom, valuations heading south, Meta faces legal squeeze

Ignition Lane's weekly roundup covers Linktree's unicorn raise, several Australian funding rounds, Tiger and Insight's new mega-funds, falling SaaS valuations, the ACCC's action against Meta, and new accelerator and product launches.

Linktree clicks on $152 million in Series B extension

Melbourne link-management startup Linktree has raised a $152 million Series B extension at a claimed $1.8 billion valuation, led again by Index Ventures and Coatue, a year after its $59 million Series B.

Also Startup Daily·Startup Daily·Startup Daily

Aussie's Linktree raises $110M, achieves $1.3B valuation and welcomes Mike Olson

Linktree banked a $110 million round led by Index Ventures and Coatue at a $1.3 billion valuation, with Greenoaks joining and earlier backers returning, and named industry veteran Mike Olson its first president.

Also TechCrunch Australia·Startup Daily

How much is ‘link in bio’ real estate worth? Linktree’s new valuation says $1.3 billion

Australian link-in-bio firm Linktree has raised $110m as an extension of its Series B, with Index Ventures and Coatue leading at a $1.3bn valuation. It also named a new president and bought Songlink/Odelski.

Also Startup Daily·SmartCompany·Tech Funding News - Australia·Startup Daily·SmartCompany·Techboard·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Crunchbase News

CTV Funding News - 1Q 2021

Cut Through Venture's debut quarterly newsletter rounds up Q1 2021 raises across Australian and New Zealand startups, highlighting crowdfunding, fintech dominance, active investors, and two newly launched startups currently seeking backers.

Also OIF Ventures portfolio·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·TechCrunch Australia·TechCrunch Australia·TechCrunch Australia·@AuManufacturing·@AuManufacturing·@AuManufacturing·LaunchVic