Company
Independent consultancy whose EY Parthenon report estimated the economic impact of Breakthrough Victoria's portfolio
Every investor coverage indicates participated in a round EY raised.
Companies EY acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Jeff Wong | Global Chief Innovation Officer (former) | @AuManufacturing |
Stories naming EY. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Zen Energy faces liquidation after administrators blamed its risky solar-heavy trading strategy; its Zen Futures infrastructure unit was sold for $45 million, and creditors look likely to recover little.
Administrators McGrathNicol say troubled renewable retailer Zen Energy must liquidate, blaming a risky trading strategy; creditors face heavy losses, its infrastructure arm was sold for $45 million, and a Gunvor retail deal collapsed.
Victorian pre-seed program BVUIP, backed by Breakthrough Victoria and seven universities, has funded startups EntroMat, Excelligent and Remagine Labs, plus fellowship grants for three PhD-led ventures.
Breakthrough Victoria's CEO sets out the fund's investment record and an EY report finding its portfolio delivers strong returns and economic impact for Victoria.
Breakthrough Victoria publicises an EY study projecting its portfolio could add billions to Victoria's economy by 2035, citing its deal count, committed capital, co-investment leverage and returns to date.
Sydney game studio Qloud closed a $7.5 million seed round for its solarpunk game Loftia, led by GFR Fund and Bitkraft Ventures with Andreessen Horowitz returning; the founders earlier crowdfunded and joined a16z's Speedrun.
Breakthrough Victoria and Monash University put joint pre-seed backing into three life-sciences spinouts and launched the $15m Monash Ventures pre-seed fund, part of a $100m platform commercialising Victorian university research.
Blackbird's blog interviews Juno founder Michelle Gilmore about her AI conversation product, its early adopters, and the $2.8 million raised to scale it.
Interview with Juno founder Michelle Gilmore on her AI listening engine, fifth venture and first external funding — $2.8 million with Blackbird's Nick Crocker leading — plus early customers.
The Victorian government-backed venture fund's inaugural CEO Grant Dooley is resigning after nearly three years, with no replacement named; the fund's past backing of Neo-Bionica, Atmo Biosciences and RayGen is recalled.
Roundup of four Australian startups that each announced fresh capital this week: a caregiver healthcare app, a green ammonia producer, a clean energy project modelling platform, and a wellness advice marketplace.
Also SmartCompany
Melbourne family-care benefits platform Circle In has closed a $2m round, adding Alberts Impact Ventures to existing private backers and LaunchVic's Alice Anderson Fund, while research highlights shrinking venture money for women-only founding teams.
Also Alberts Impact Ventures portfolio·Alberts Impact Ventures portfolio·Startup Daily·SmartCompany·Women's Agenda
Weekly agrifoodtech roundup reporting numerous startup funding rounds, fund closes by S2G Ventures and Bidra Innovation Ventures, and collapses including Upward Farms, Boxed, Kalera and Australia's CoLab.
OIF Ventures' newsletter announces leading Nullify's pre-seed round, two investment team hires, portfolio company awards and product launches, and Go1's acquisition of Anders Pink.
Sydney quantum software firm Q-CTRL announced a $27.4 million Series B extension with new backers including Salesforce Ventures, following its $25 million Series B led by Airbus Ventures in late 2021.
Also Startup Daily·SmartCompany·SmartCompany·SmartCompany·@AuManufacturing·Forbes Australia
Digital consulting startup FORMM has raised a $600,000 pre-seed round from individual investors who also take on leadership, board and advisory roles, to help mid-sized businesses digitise.
Also SmartCompany
Australian venture firms Airtree, Square Peg and Blackbird have written down their Canva stakes, valuing the design company well below its last raise, amid wider market corrections hitting Klarna and other late-stage startups.
Australian invoice-financing technology company Grapple has raised 6.5 million dollars from local and overseas backers and hired two senior executives as it expands its platform and lending capacity for small businesses.
UK pay-access fintech Wagestream, formed from Sydney's Earnd, secured a A$236 million Series C — equity led by Smash Capital with Silicon Valley Bank debt — to expand beyond Britain, including across Australia.
Also Startup Daily
Boomerang Labs in Sydney is accepting applications for its free six-month circular economy accelerator, backed by sponsors, with six to ten participants to be selected before applications close in March.