ElectraLith

🇦🇺 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.

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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

IP Group Australia and CEFC launch the Climate Catalyst Fund

IP Group Australia and the CEFC launched the Climate Catalyst Fund with a first close of $50 million combined, targeting seed and Series A investments in Australian climate technology.

Breakthrough Victoria Portfolio Highlights 2025 Funding and Milestones

Breakthrough Victoria highlights portfolio achievements including Amber Electric's forty-five million dollar raise, Bygen and Diag-Nose grants, and Quantum Brilliance series A funding.

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Radium Capital surpasses $1 billion in innovation funding

Radium Capital's R&D lending has passed $1 billion across 1,000-plus companies since 2017; case studies recall WeMoney's $12 million Series A and ElectraLith's $27.5 million Main Sequence-led round.

Also Startup Daily·Australian FinTech·SmartCompany·Fintech News Australia·Fintech News Australia

Investing in a Cleaner Future: Reflections from the Frontlines of Climate Innovation

The fund's authors recap two climate-investment events, weighing the massive global capital needs, mixed public-private funding models, and its clean-economy portfolio activity in Victoria.

Climate Tech and driving a Clean Economy

Breakthrough Victoria showcases nine climate-focused portfolio companies across clean energy and agrifood, describing each technology and its contribution to the energy transition and circular economy.

Breakthrough Victoria Portfolio Companies Celebrate Milestones and Global Growth

Breakthrough Victoria highlights recent achievements of portfolio companies including funding, awards, and expansions for firms like Liquid Instruments, Quantum Brilliance, and Samsara Eco.

Three Aussie startups that raised $46.5 million this week

Roundup of three Australian raises — ElectraLith, Coposit and Convergence Medical — plus Quantum Brilliance naming its Series A backers and Rokt's secondary share sale.

ElectraLith BREAKTHROUGH VICTORIA INVESTS IN MONASH UNIVERSTY STARTUP REVOLUTIONISING LITHIUM EXTRACTION AND REFINING

Breakthrough Victoria puts $2 million into ElectraLith, a Victorian startup whose lithium extraction technology was developed at Monash University, as part of a Series A led by Main Sequence.

Our Investment in ElectraLith: Unlocking Lithium to Power the Energy Transition

Main Sequence's post on leading ElectraLith's $27.5m Series A with Chevron, IP Group and other co-investors, backing its technology that turns lithium-bearing brines into battery-ready hydroxide in one step.

Also Radium Capital·Radium Capital·SmartCompany·Startup Daily·SmartCompany·RenewEconomy·RenewEconomy

Investment Update: ElectraLith

Breakthrough Victoria's update describes its $2 million commitment to ElectraLith's Series A, led by Main Sequence, covering the lithium extractor's water-free refining technology, Monash ties, pilot plant plans and growing team.

Also Startup Daily

Hostplus commits another A$125M to IP Group Hostplus Innovation Fund

Hostplus has tipped an additional A$125 million into the deep-tech fund IP Group runs, taking its overall backing to A$435 million across companies spun out of Australian universities.

FUNDED JUNE 2022

Techboard's monthly roundup logs June 2022 Australian funding events, including GO1's Series E, Edrolo's Series B, two acquisitions, several new funds reaching closes, and accelerator intake announcements.

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