Ledger. Australian venture funding, tracked

Company

General Motors

Coverage

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

7 deals

The 8 Australian startups on Forbes Asia's 100 To Watch list

Eight Australian companies make Forbes Asia's annual 100 To Watch list; the piece profiles each and recaps recent raises across climate tech, health and software.

3 deals

Manufacturing news briefs – stories you might have missed

Roundup of Australian manufacturing news: Matrak closes a Series A, Queensland Pacific Metals receives an R&D tax refund, ARENA funds a household energy trial, Ampcontrol appoints a transformation chief, plus policy and launch briefs.

Also @AuManufacturing

Series B $108m

KKR backs Aussie robotics company in blockbuster $108m raise

US giant KKR joined navigation-technology maker Advanced Navigation's $108 million Series B, alongside returning local backers; the company also bought ANU spin-out Vai Photonics, and two KKR staff will join its board.

Also @AuManufacturing·SmartCompany·Startup Daily·Techboard·SmartCompany·Forbes Australia

5 deals

Funding roundup May 1 - May 5: $65m for Shippit in B2 raise

A weekly roundup reporting Shippit's $65 million Series B2, several startup raises, Chrysos Corp's ASX listing, and Shopify's acquisition of Deliverr.

Also Startup Daily·Techboard

Funding announcement

Advanced Navigation acquires ANU tech spin-out

Robotics firm Advanced Navigation, backed by publisher OIF, is buying ANU spin-out Vai Photonics in an all-scrip deal of up to $40m; Vai's navigation tech is in talks with NASA.

Also OIF Ventures portfolio·Startup Daily·Dynamic Business·Startup Daily

Series A $20m

Turnbull's AI robotics bet taps investors for blockbuster raising

Advanced Navigation, with Malcolm Turnbull on its board, is seeking $80-135 million; the piece recalls its 2019 $20 million Series A and Minderoo's strategic investment.

Also @AuManufacturing·SmartCompany·SmartCompany·Forbes Australia

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