Ledger. Australian venture funding, tracked

Startup · $2.4m raised · Healthcare

Hatchtech

Developing a new treatment for head lice

Melbourne, VIC

Coverage

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

Unnamed stage ~$7.5m

SYNthesis BioVentures Newsletter no. 3

SYNthesis BioVentures' third investor letter reports a roughly A$7.5m first close for Alzheimer's biotech S2N, lists co-investors, and profiles managing director Amir's career across OneVentures, Ceres Capital and other life-sciences roles.

2 deals

Uniseed invests $1m in PERKii's $4m funding round

Venture fund Uniseed led a million-dollar slice of probiotic drinks maker PERKii's four-million-dollar round, its first deal from its new $50 million fund, to fund a national launch.

Also Startup Daily

3 deals

Australian pain drug innovation company Spinifex Pharmaceuticals sold to Novartis for US$200m plus milestone payments

GBS Ventures reports Novartis has agreed to acquire chronic-pain drug developer Spinifex Pharmaceuticals for US$200 million upfront plus milestones, recalling the company's 2005, 2008 and 2014 venture rounds and its Australian investors.

Also GBS Ventures·novartis.com·clinicalleader.com·Startup Daily·Startup Daily·anthillonline.com·@AuManufacturing·materresearch.org.au·Business News Australia

Funding announcement

HATCHTECH RECEIVES FDA SPECIAL PROTOCOL AGREEMENT OF DEOVO PHASE III STUDIES

Hatchtech announced FDA sign-off on its DeOvo Phase 3 trials and two extra patents; its profile names GBS Venture Partners among the company's investors.

Unnamed stage $12.6m

HATCHTECH COMPLETES $12.6M CAPITAL RAISE

Melbourne drug developer Hatchtech raised A$12.6 million, with OneVentures Innovation Fund leading, to advance its head lice treatment toward Phase III trials; board changes brought in Richard Treagus and Hugh Alsop.

Funding announcement

HATCHTECH APPOINTS TIM WAUGH AS CEO

Australian pharmaceutical developer Hatchtech appoints Tim Waugh, a former Roche divisional vice president, as chief executive officer to lead development and commercialisation of its head lice treatment DeOvo and establish a United States presence.

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