InterValley Ventures

2025 state of raising: $1.8 billion in – as late-stage deals boom

Tracxn figures show Australian tech funding reached $1.8 billion by mid-2025, powered by large late-stage rounds at Protecht, Airwallex, Harrison AI and Advancell, while seed and early-stage raising fell away sharply.

StrongRoom sells for $3 million – and now the games begin

Healthtech firm StrongRoom AI sold to pharmacy operator Joe Zhou for $3 million via administrators, while backer EVP litigates to recoup $10.4 million after the startup's collapse following a March raise.

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Quantum Brilliance Raises $20M to Scale Diamond Quantum Tech

Diamond quantum hardware maker Quantum Brilliance raised $20 million in Series A funding from Main Sequence, In-Q-Tel and Australian government investors, and won a German agency contract for a mobile quantum computer.

After investing $10.4 million, EVP claims StrongRoom AI's CEO and cofounder admitted to fraud with fake revenue numbers

EVP alleges StrongRoom AI's CEO admitted fabricated revenue and debt figures after the Sydney VC invested $10.4m in a $17m raise; the Melbourne startup is now in administration with assets frozen.

Two Aussie startups that raised $26 million this week

Roundup of two Australian raises: a quantum security company's government-led $20m round and a retail analytics startup's US seed round backing its American push.

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Strong Room AI's administrators press ahead with sale amid court battle over $10 million

Strong Room AI, a Melbourne medicines-management startup, is in voluntary administration weeks after a February raise; investor EVP's court action froze assets while administrators seek a buyer and creditors meet on April 8.

‘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.

Veteran Canberra quantum cybersecurity firm cracks $20 million

QuintessenceLabs, a two-decade-old cybersecurity company in Canberra, has raised $20 million with $15 million coming from the National Reconstruction Fund; earlier rounds for Harrison.ai, Vault Cloud and Quantum Brilliance are also recalled.

Also SmartCompany·Startup Daily

VC firm EVP calls in police at startup StrongRoom AI weeks after leading $17 million investment

EVP has involved police and forensic experts as it seeks to claw back its $17 million backing of Melbourne medication firm StrongRoom AI, weeks after the round it led with Artesian and InterValley Ventures.

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

Medication management software startup swallows $17 million

StrongRoom AI, a pharmacy software startup, has banked $17 million in an EVP-led round valuing it near $70 million, and is buying loyalty program Member Benefits Australia with part of the proceeds.

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Three Aussie startups that raised $46.5 million this week

Roundup of three Australian raises — ElectraLith, Coposit and Convergence Medical — plus Quantum Brilliance naming its Series A backers and Rokt's secondary share sale.

Quantum Brilliance Raises $20 Million in Series A Funding Round

Diamond quantum hardware maker Quantum Brilliance announced a US$20 million Series A with Main Sequence, In-Q-Tel, Intervalley Ventures, NRFC and Breakthrough Victoria among its backers, to build a foundry and sensing prototypes.

Adelaide-based IoT firm Myriota raises $50m

Adelaide satellite connectivity company Myriota has secured $50 million, half from the National Reconstruction Fund, with backing from Main Sequence and InterValley; the piece also recaps Fleet Space's recent $150m series D.

Health tech Umps raises $4m in Series A

Aged-care technology firm Umps Health of Melbourne has banked a $4 million Series A, with Breakthrough Victoria supplying half the money and InterValley Ventures coming onto the register alongside four existing backers.

Also clearvalue.co

Three Aussie startups that raised $9.7 million this week

Weekly roundup of three Australian raises: adtech firm Cuttable's seed round, Fundabl's equity round and SeenCulture's funding, naming investors, plus new Cuttable co-CEOs and a board appointment.

Employee retention startup SeenCulture raises $1 million pre-Seed round

SeenCulture, a workplace platform, has secured $1 million in a pre-seed round from Alice Anderson Fund, M8 Ventures, InterValley Ventures and Torus, having earlier joined Techstars' first Sydney cohort with Cut Through Angels backing.

Also SmartCompany·SmartCompany

Cyban Media Release

Breakthrough Victoria puts $2 million into Cyban's $6.25 million Series A round with Significant Early Venture Capital and InterValley Ventures, backing the Melbourne company's non-invasive brain oxygen monitor.

Cybersecurity startup Cydarm unlocks $3 million raise

Melbourne cybersecurity firm Cydarm raised $3 million in a round led by InterValley Ventures, with Five V Capital and returning backer Right Click Capital, to hire staff and expand internationally.

Kepler Analytics Raises AUD$22 Million in Series B

Kepler Analytics, a Melbourne retail analytics platform, has closed a $22 million Series B with OneVentures leading and Whiteoak, Taronga Ventures, Shearwater Capital, Reinventure and InterValley Ventures joining.