Ledger. Australian venture funding, tracked

Startup · $35.9m raised

Eden Brew

Animal-free dairy company

Melbourne, VIC

Coverage

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

Unnamed stage $2.4m

Breakthrough Victoria, LaunchVic merge under new banner

Victoria has folded LaunchVic and its Breakthrough Victoria investment fund into a new body, Innovation Victoria, naming its chair, deputy chair and leader, while recapping agrifood startups the fund has backed.

Also innovationvictoria.com

3 deals

Recent Good News from our portfolio

Breakthrough Victoria rounds up April–May 2026 portfolio news, including grants for Number 8 Bio and Xefco, Liquid Instruments' Series C, program selections, partnerships, regulatory clearances and two new Aravax directors.

Also Breakthrough Victoria

5 deals

Breakthrough Victoria posts $3 million loss

The Victorian government's VC fund Breakthrough Victoria slipped to a loss, its annual report showing startup investments, cost cutting and boardroom departures amid criticism of its spending and performance.

Also Startup Daily·Startup Daily·SmartCompany·Startup Daily

4 deals

Cauldron awarded $2.8m to advance continuous fermentation tech, appoints CTO

Precision fermentation firm Cauldron wins an Australian government grant for its continuous fermentation platform and appoints David Weiner chief technology officer, alongside mentions of fellow grant recipients and its Horizons Ventures-led Series A.

Also SmartCompany·SmartCompany

News

Healthy people on a healthy planet

Breakthrough Victoria's agrifood director reflects on Victoria's food-system challenges and how portfolio companies Smart Paddock, Jupiter Ionics and Eden Brew could help build a more sustainable food future.

4 deals

Breakthrough Victoria tips $3 million into Sydney 5G chipset startup Millibeam to grow in Melbourne

Breakthrough Victoria invests $3 million in Millibeam, a Sydney maker of 5G chipsets expanding in Melbourne, alongside existing backers Main Sequence and Archangel; the piece recalls a 2022 seed round and a federal grant.

Also Defence Connect

3 deals

Canberra-born startup Liquid Instruments scores $15 million from Breakthrough Victoria

Victorian government-backed investor Breakthrough Victoria has put $15 million into Liquid Instruments, a maker of reconfigurable instruments expanding to Melbourne; earlier raises by Acorn Capital and Anzu Partners are also recalled.

Also SmartCompany

19 deals

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.

3 deals

‘More than just a venture capital firm’: $2 billion sovereign fund Breakthrough Victoria hits back at critics who want it abolished

Breakthrough Victoria defends its spending and investment record against critics urging its abolition, pointing to portfolio companies, university partnerships and recent backing of startups including Aravax.

6 deals

Five ANZ startups that raised $36.4 million this week

A weekly roundup detailing five raises across Australia and New Zealand: Marmalade, Cauldron, Prophet, Hola Health and Buddy, naming amounts, lead backers and founders.

6 deals

Four Aussie startups that raised $33.97 million this week

Roundup of four Australian raises in early October 2023: Eden Brew's $24.4m Series A, Renewable Metals' $8m seed round, Techni Ice's $979,774 crowd-funded campaign close, and Apollo Secure's $600,000 pre-seed.

Also Startup Daily

3 deals

Eden Brew raises $24.4 million to bring animal-free dairy products to market

Precision fermentation company Eden Brew raised a $24.4 million Series A led by Main Sequence, with Breakthrough Victoria and other backers, to commercialise animal-free dairy and relocate from Sydney to Melbourne.

Also @AuManufacturing·SmartCompany·Startup Daily·Startup Daily·Startup Daily·AgFunderNews·AgFunderNews·Crunchbase News

3 deals

Main Sequence surpasses $1 billion funds under management for deep tech as it launches new Fund

Deep tech venture firm Main Sequence has reached an initial A$450 million close on its third fund, pushing money under management past A$1 billion; Hostplus, Temasek and CSIRO are among the backers.

Also SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·TechCrunch Australia·@AuManufacturing

Key hire

Main Sequence announces new Partner, Gabrielle Munzer, to build companies with biology

Australia's Main Sequence fund promotes Gabrielle Munzer to Partner to lead its biotech push; the article also covers her finance background, the firm's company-building model, a UNSW accelerator, and recent diverse hires.

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