Ledger. Australian venture funding, tracked

Investor · 29 deals

Hostplus

Coverage

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

7 deals

Blackbird nails 2nd $1 billion fund

Blackbird has locked in a second billion-dollar fund — its sixth, slightly bigger than the last — bringing in new institutional backers, and the article recalls portfolio wins, writedowns and failures.

Also Business News Australia

6 deals

5 Interesting Startup Deals You May Have Missed: AI For Everything From Recycling To Breathing To Winning Construction Bids

A monthly Crunchbase roundup of five lesser-known AI funding deals: Greyparrot's Series B, Emesent's equity-plus-debt package, SoundHealth's Series A, Forge Industries' round and Cascade's seed raise.

Funding announcement

The little big battery using local smarts and deeper storage to help fill gap in most renewable grid

South Australian startups Lunio Energy and OptiGrid launch a 5 MW Strathalbyn battery into market trading; the piece recalls OptiGrid's seed round backed by CEFC, IP Group, Hostplus, universities and EnergyLab.

Funding announcement

The little big battery using local smarts and deeper storage to help fill gap in most renewable grid

A 5 MW South Australian battery has started trading, the first project for developer Lunio Energy and the first four-hour site run on OptiGrid's optimisation platform, whose seed backers are recapped.

Funding announcement

Cheque-in: four ANZ startups raised $307.1 million in mid-January

Roundup of four ANZ raises: a Queensland rocket company's nine-figure Series E, a New Zealand legal-AI firm's Series B, a seed round for AI code-security, and a Melbourne construction-software raise.

8 deals

Four ANZ startups that raised $307.1 million this week

Roundup of four ANZ raises totalling over $307m: Gilmour Space's Series E, Ivo's Series B, Dam Secure's seed round and SPEC Toolbox's pre-Series A, plus a board appointment at Dam Secure.

Series D+ $217m

The final frontier is proving to be rich with opportunity. Commercialising space has unleashed the power of creative capitalism… ⬇️

Beaten Zone's blog touts Australia's space sector, citing CEO Steve Baxter and reporting Gilmour Space Technologies' $217 million Series E from National Reconstruction Fund Corporation and Hostplus, plus its investments in HEO and Zendir.

Also SmartCompany·Dealroom·SmartCompany·SmartCompany·Startup Daily·Business News Australia

13 deals

Cheque-in: 8 startups gobbled up $572.12 million in funding this week

Weekly roundup of eight raises totalling $572.12 million, led by Firmus's $500 million round; RAGE Biotech, SunDrive, Number 8 Bio, Fabra, Keeyu, MyGig and Drone-Hand also funded, plus two RAGE Biotech executive appointments.

Also SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Business News Australia

2 deals

💫 Ramplify: November Nattering

Rampersand's newsletter announces it led Keeyu's $2.3 million pre-seed round, alongside portfolio updates from Quantum Brilliance, Cuttable, Hatch and Goterra, plus job listings and reflections on domain founders and Australian venture capital.

Also Rampersand·quantumwire.com·Startup Daily·Startup Daily·semiconductorindustrymonthly.com

2 deals

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

3 deals

Morse Micro raises $88 million for long-range Wi-Fi chips

Sydney chipmaker Morse Micro has banked an $88 million Series C led by Japan's MegaChips, with the national reconstruction fund and several existing backers also participating; funds will drive growth and future chip development.

Also Startup Daily·builtinsydney.au·semiiphub.com·Forbes Australia·morsemicro.com·Forbes Australia·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Forbes Australia·smallbizai.au

Funding announcement

Brandon Capital closes $439m fund with $150m leg up from the NRFC

Australia's NRFC has injected $150m into Brandon Capital's sixth life-science vehicle, lifting it to a $439m close; past NRFC cheques to local deep-tech firms are also recapped.

7 deals

Seven Aussie startups that raised $495.8 million this week

Weekly roundup of seven Australian startup raises, led by Airwallex's Series F, plus EatClub, Kite Magnetics, Termina, Preve, Foremind and Liveheats.

Also Startup Daily

9 deals

Airwallex nears $10 billion valuation after historic $466 million Series F raise

Payments firm Airwallex closed a large Series F at a $9.6 billion valuation, led by Square Peg with several local and global backers, while the piece recalls its earlier raises back to 2016.

Also Startup Daily·Startup Daily·SmartCompany

Funding announcement

The Australian investors betting big on fusion – the “holy grail” of nuclear tech

Feature on Australian capital moving into fusion energy: super fund Hostplus backs Commonwealth Fusion Systems, Foxglove Capital's Matt Bungey backs Type One, and startup HB11 Energy pursues laser proton-boron fusion locally.

2 deals

‘The investor’s role is to build, not to destroy’: StrongRoom AI’s Seed backer takes aim at EVP amid pending legal battle over $10.4 million

Tyson & Blake, which seeded StrongRoom AI, threatens legal action against EVP, which is suing to recover its $10.4 million after the Melbourne medtech entered administration.

10 deals

Eight Aussie startups that raised $104.4 million this week

Weekly roundup of eight Australian startup raises, led by Sonder's $40 million round, plus AMP's $20 million raise and acquisition of the Shopify app Back in Stock.

Also Startup Daily·Defence Connect·SmartCompany·Startup Daily·Startup Daily·Defence Connect·Forbes Australia

5 deals

e-commerce platform Rokt hits $5.6 billion valuation after secondary share sale

Investors bought existing Rokt shares in a tender at a higher valuation; the piece also reports the mParticle acquisition, a board addition, and past raises.

Funding announcement

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.

Series A $2m

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

Series D+ $263m

After buying the founder's own business for $43 million, Employment Hero spends another $112m on a Canadian rival

Employment Hero acquires Canada's Humi for $112m and, filings show, paid $43.4m for Ben Thompson's Employment Innovations; the story also recalls its 2023 Series F and investor clash.

Also TechCrunch Australia·Startup Daily

3 deals

Breakthrough Victoria-backed epilepsy medtech Seer Medical placed in voluntary administration

Victorian epilepsy device maker Seer Medical has entered voluntary administration, with Pitcher Partners appointed amid a product recall and a cofounder's legal dispute; backers included Breakthrough Victoria and Cochlear.

Also Startup Daily·Startup Daily

3 deals

National Reconstruction Fund picks up half the tab in IoT nanosatellite maker Myriota’s $50 million raise

Adelaide IoT satellite firm Myriota has raised $50 million, led by the National Reconstruction Fund’s $25 million contribution, with Main Sequence and Inter Valley Ventures also backing; an NRFC director has resigned.

Also Business News Australia

12 deals

From quantum computing to quesadillas: Top 12 biggest capital raises of 2024

Year-end roundup ranking 2024's twelve largest startup raises, headed by PsiQuantum's $940 million government-backed quantum computing round, plus Guzman y Gomez's ASX listing and Betashares' Temasek investment.

2 deals

Fleet Space raises $100M to scale satellite-enabled mineral prospecting tech

Adelaide satellite company Fleet Space has banked a $100 million Series D, with Teachers' Venture Growth leading and a $525 million valuation, to grow ExoSphere, its space-based mineral exploration platform.

Also TechCrunch Australia·spaceexplored.com

3 deals

Fleet Space lands $150 million, valuation rockets to $800 million

Satellite company Fleet Space has closed a Series D backed by Teachers' Venture Growth and prior backers, lifting its valuation past $800 million, with proceeds earmarked for its mineral-exploration platform.

Also Space Connect·spaceanddefense.io·aap.com.au·@AuManufacturing·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Space Connect·@AuManufacturing·Forbes Australia

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