Ledger. Australian venture funding, tracked

Company

HSBC

Coverage

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

Fund close $150m

New $150m fund targets net zero “disruption” start-ups across energy, transport, recycling

Investment firm Pollination has launched a $150m vehicle backing climate and nature start-ups, anchored by a cornerstone commitment from Queensland Investment Corporation, with first investments expected from late 2024.

Fund close

New $150 million venture capital fund to pollinate climate, nature startups

Pollination has rolled out a $150 million fund for environmentally focused startups, anchored by Queensland Investment Corporation, and will begin picking companies late in 2024 across five sectors.

Also AgFunderNews·Startup Daily

3 deals

The Business Growth Fund’s $12 million Hubbed investment is the kind of “sexy” deal VCs might miss

Reports that a fund backed by government and major banks has taken a minority stake in a parcel pick-up network, profiling its patient investment model and recalling an earlier cheque to a clean-energy maker.

Also Startup Daily

2 deals

SaaS startup Capsifi banks $11 million from government-backed investor the Australian Business Growth Fund

Enterprise software firm Capsifi has received an $11 million growth investment from the Australian Business Growth Fund, its first for 2022, to fund international expansion, with the fund's earlier backing of two other startups also recalled.

Also Startup Daily·Techboard·Startup Daily·SmartCompany

Series B $25m

Investment notes: Athena AU$25m Series B

Square Peg explains its rationale for leading Athena's Series B, joined by Hostplus and Airtree, with analysis of the Australian mortgage market, the challenger lender's model, and its founding and senior team.

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