FUNDED May 2023
Techboard's May 2023 roundup of Australian startup funding: 42 private raises topped by Fleet Space's $50m round, two $40m acquisitions, multiple grants, accelerator intakes, and fund news including GiantLeap's $50m fund raise.
Government
Every published round Lotterywest took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Lotterywest has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
This is a stake in the fund itself, money that the fund's manager invests, not a stake in the fund manager.
| Fund | Manager | Sources |
|---|---|---|
| IdeaStarter | Spacecubed | Startup Daily (9 May 2023), Startup Daily (28 Feb 2023) |
Companies Lotterywest has backed that another company then bought. An exit for the holding, not a deal Lotterywest did.
| Name | Role | Sources |
|---|---|---|
| Ralph Addis | CEO | Startup News (WA) |
Stories naming Lotterywest. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Techboard's May 2023 roundup of Australian startup funding: 42 private raises topped by Fleet Space's $50m round, two $40m acquisitions, multiple grants, accelerator intakes, and fund news including GiantLeap's $50m fund raise.
Ten startups graduate from Curtin University's 2023 Accelerate cohort, spanning health, education, mining and tech; the group shares $100,000 in equity-free money backed by Lotterywest via Spacecubed's IdeaStarter fund.
Curtin University has named the startups joining the 2023 intake of its redesigned 12-week accelerator, which provides grants and pooled equity-free funding support.
Techboard's anniversary roundup catalogues a month of Australian startup funding: megadeals, three acquisitions, large debt deals, grants, accelerator intakes, and fund news including Archangel Ventures' committed capital.
Coworking operator Spacecubed marked its tenth birthday with a $5.9 million Lotterywest grant to back Western Australia's early-stage ecosystem — the funder's largest single award, ten years after a smaller grant helped launch it.