Ledger. Australian venture funding, tracked

Company

Ikea

Coverage

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

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.

Funding announcement

Smart50 alumni Cashrewards acquires Little Birdie

Cashrewards has bought Little Birdie, the deals startup backed by Commonwealth Bank that went quiet in May; the piece also recalls Cashrewards' 2017 Smart50 nod, 2020 ASX float, and later takeover by 1835i Ventures.

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News

Niklas Adalberth, entrepreneur and founder of the Norrsken Foundation, winner of the Esade Award

Esade honours the Klarna co-founder at its alumni day; he describes Norrsken's mission to support companies with positive impact and reflects on entrepreneurship, networking and mentoring.

Grant $392.5k

Indigenous company's unique building framing system

Indigenous builder Warle Construction is commercialising a cyclone-resistant steel house-framing kit, backed by a $392,470 co-investment from a NT advanced manufacturing fund, with partners including Annge Consulting, Troppo Architects, Stantec and Vertex Australia.

8 deals

The week in agrifoodtech: BigBasket bags $200m, Kodama's forestry funding, more restaurant tech layoffs

Weekly agrifoodtech roundup covering several food and agtech funding rounds, a research grant for Crop One, a grocery delivery partnership, and the closure of Australian startup YourGrocer.

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.

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