Ledger. Australian venture funding, tracked

Company

Griffith University

Nathan, QLD

Coverage

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

Grant ~$53m

Burning forest “waste” to make cement is poor climate policy, poor environmental policy and bad economics

Commentary contends the federal government's near-$53m backing of a Tasmanian cement kiln switch to burning wood waste and tyres is misguided, arguing biomass burning raises emissions, damages forests and wastes public money.

Also RenewEconomy

Unnamed stage $32m

Dentroid raises $32 million for needle-free dental technology

Canberra medtech Dentroid has banked $32 million at a $265 million valuation, with Septodont both investing and signing a worldwide licensing deal for its light-based device that eases dental pain without needles.

Also Dealroom

8 deals

Seven ANZ startups that raised $17 million this week

Weekly roundup of seven Australian and New Zealand startup raises totalling $17 million, including two startups entering Y Combinator, plus a new QuantX Labs board director and SmartrMail's earlier sale to Relay Commerce.

Also Startup Daily·Startup Daily

2 deals

Brisbane Airport out, Moreton Bay in: PsiQuantum picks new site for its $940m quantum computer build

PsiQuantum has relocated its $940m government-backed quantum computing project to Moreton Bay after dropping the Brisbane Airport site, with groundbreaking set for June following timeline slippage flagged in Senate Estimates.

Also Startup Daily·Startup Daily

3 deals

Australian champion of two-way smart grid technology that won Arena funding placed in liquidation

Queensland smart-grid company Elexsys Energy, trading as Planet Ark Power, won federal and state grants and partial Series B backing before being wound up on a tax office application.

Unnamed stage $7.5m

Manufacturing news briefs – stories you might have missed

AuManufacturing roundup of brief industry news: Wide Open Agriculture banks a $7.5 million raise, Liontown adds a lithium offtake partner, Osteopore signs Zimmer Biomet for distribution, plus quantum, defence, rail and recycling items.

2 deals

MRFF awards $50 million to Australian team developing artificial heart

The federal MRFF has granted $50 million to the Artificial Heart Frontiers Program, a Monash-led consortium including BiVACOR, to advance a total artificial heart; the team earlier received $1 million in 2021.

Also @AuManufacturing

Funding announcement

Here are the 12 deep tech startups CSIRO chose for its latest ON Accelerate program

CSIRO has picked twelve deep-tech teams, mostly from Australian universities, for the eighth edition of its ON Accelerate commercialisation program starting in February 2024.

Unnamed stage $5m

Manufacturing news briefs – stories you might have missed

Roundup of Australian manufacturing news: Orbital UAV's $5m placement with UIL backing, Nufarm's record earnings, a Hazer–Mitsui graphite agreement, Baraja's patent milestone, the new skills agency, and a university research grant.

Grant $100k

This is not a drill: Dentroid gets support to progress laser-based dental robot invention

Canberra dental robotics startup Dentroid is leading a collaborative micromirror project with Griffith University and the IMCRC, backed by a $100,000 IMCRC grant, to advance drill-free, laser-based dental surgery.

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