Ledger. Australian venture funding, tracked

Startup · $250k raised

CoilRig

Developer of an affordable and environmentally friendly Coiled Tube drilling system.

Coverage

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

6 deals

Best of the week — the five most popular stories among readers, February 10 – February 14, 2025

Weekly roundup: CEA Technologies lands a $272m radar contract, five startups receive federal grants, Victorian factory insolvencies climb, and GFG Alliance's Whyalla Steelworks hunts new financing.

6 deals

$2.5 million in Industry Growth Program grants awarded

Five companies including battery maker Allegro Energy share $2.51 million in the latest federal Industry Growth Program grants; Allegro receives $1.85 million for its redox flow battery technology.

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