Ledger. Australian venture funding, tracked

CEO, Advanced Navigation

David Gall

Coverage

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

3 deals

Space monitoring startup scores NRF backing in $37 million Series B

Beaten Zone Venture Partners led a US$25 million Series B in HEO Robotics, which images other spacecraft, with the NRFC contributing $10 million; the piece also recalls earlier Series A and seed rounds.

Series B $37m

NRF backs space startup HEO after US$100 million-plus contract

Satellite-monitoring camera maker HEO has landed a $37 million Series B, with the federal reconstruction fund contributing $10 million, and will grow its team while pushing more cameras into geostationary orbit.

Also Forbes Australia·Space Connect·This Week in Australian Startups·Dynamic Business

12 deals

Brandon Capital's $60m taypayer-funded biotech bets

Brandon Capital has put roughly $60 million of National Reconstruction Fund money into ten biotech companies and warns R&D tax changes would hurt deep tech; portfolio company Myricx Bio went to Novartis.

Also australiatimes.com

Series A $25m

NRF boosts Southern Launch in $25 million Series A

Southern Launch raised a $25m Series A with $10m from the National Reconstruction Fund, led by Brindabella and Company and including ex-Macquarie executives and Coupland Asset Management, to grow headcount and launch services.

Also SmartCompany·Dealroom·Startup Daily·Space Connect

8 deals

NRF trebles its stake in Silicon Quantum Computing with another $40 million

The National Reconstruction Fund has put another $40m into Sydney quantum chip maker Silicon Quantum Computing, following its $20m investment three months earlier, part of a larger round still underway.

4 deals

Silicon Quantum Computing receives $20 million NRF boost

The National Reconstruction Fund has put $20 million into Sydney quantum chip maker Silicon Quantum Computing via a SAFE note, following its smaller-than-planned 2023 Series A and a similar NRF bet on Diraq.

Also Startup Daily·SmartCompany·Startup Daily·Startup Daily

3 deals

Cheque in: 3 startups announced $161 million in raises this week

Funding wrap: Advanced Navigation lands a $158m Series C for GPS-free navigation, legal AI platform MiAI Law launches with $2m, and Deftbiotech raises $1m pre-seed toward a fungal nail treatment.

Also Forbes Australia·Forbes Australia

3 deals

Three startups that raised $161 million this week

A roundup of three raises: Advanced Navigation's $158 million Series C, legal AI platform MiAI Law's $2 million launch funding, and Deftbiotech's $1 million pre-seed for a fungal nail treatment.

Also Startup Daily·Startup Daily

2 deals

Advanced Navigation raises $158 million Series C round with NRFC backing

Navigation technology firm Advanced Navigation has banked a $158 million Series C, with Airtree leading and Quadrant plus the NRFC taking part, funding global expansion and Australian manufacturing scale-up.

Also Dealroom·Tech Funding News - Australia·SmartCompany·Startup Daily·SmartCompany·Forbes Australia

Unnamed stage $20m

NRF tips $20 million into Diraq for homegrown quantum computing

The National Reconstruction Fund has invested $20 million in Sydney quantum startup Diraq, an equity stake the government fund says will aid domestic production and hiring ahead of a planned 2029 product launch.

Also Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Forbes Australia

Funding announcement

National Reconstruction Fund’s first transport investment supports energy transition with $30.7 million equity stake in Applied Electric Vehicles

Australia's National Reconstruction Fund has put $30.7 million into Melbourne autonomous vehicle maker Applied EV as the largest slice of a US$40 million Series B alongside Barrenjoey and Japan Post Capital.

11 deals

Cheque-in: 8 startups raised $113 million this week to end October

Weekly funding roundup covering eight raises totalling over $113 million across aerospace, biotech, materials, health and software, plus a pharmacy firm's acquisition out of administration.

10 deals

Eight ANZ startups that raised $113 million this week

Weekly roundup of eight trans-Tasman startup raises worth a combined $113 million-plus, alongside Joe Zhou's buyout of StrongRoom AI from administrators.

Also Startup Daily·Startup Daily

Series A $46m

Hydrogen-powered hypersonic defence aircraft startup soars on $46 million Series A

Brisbane hypersonic aircraft developer Hypersonix Launch Systems has raised a $46 million Series A led by High Tor Capital with Saab, RKKVC, QIC and federal backing, valuing it at $141 million.

Also Startup Daily·Startup Daily·Business News Australia

Series A $46m

Superfast plane startup Hypersonix raises $46 million, with federal government tipping in

Hypersonix, a Queensland company developing hypersonic planes that run on hydrogen, has secured a Series A backed by a UK fund, government investors and Saab.

Also SmartCompany·Dealroom

3 deals

Morse Micro raises $88 million for long-range Wi-Fi chips

Sydney chipmaker Morse Micro has banked an $88 million Series C led by Japan's MegaChips, with the national reconstruction fund and several existing backers also participating; funds will drive growth and future chip development.

Also Startup Daily·builtinsydney.au·semiiphub.com·Forbes Australia·morsemicro.com·Forbes Australia·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Forbes Australia·smallbizai.au

Funding announcement

Brandon Capital closes $439m fund with $150m leg up from the NRFC

Australia's NRFC has injected $150m into Brandon Capital's sixth life-science vehicle, lifting it to a $439m close; past NRFC cheques to local deep-tech firms are also recapped.

Funding announcement

Australian Life Sciences Venture Capital firm Brandon Capital announces Fund Six final close totalling over A$430 m

Brandon Capital has completed a A$439 million final close for its sixth life sciences fund, bringing the National Reconstruction Fund Corporation and WA Government in alongside backers such as HESTA, Hostplus, CSL and QIC.

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