This Week in Australian Startups #174, 16th August 2026
Australian startups raised funds including Alloy Robotics, Farmbot and Atmo Biosciences. Firmus Technologies acquired Benmax while Tabcorp bought BetMakers. SafetyCulture rebranded to Mitti.
Venture capital fund · 9 deals
Woollahra, NSW
Every published round Macdoch Ventures 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 Macdoch Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Ranchbot | 13 Aug 2026, Series B | 1 | 0 | |
| Flagship | Digital visual merchandising platform bridging e-commerce data and bricks-and-mortar reta… | 4 Aug 2026, Seed | 1 | 0 |
| Primary | Treasury software for global growth companies | 18 Sep 2024, Seed | 1 | 0 |
| Farmbot | Farmland remote water and asset monitoring platform for livestock farms | 13 Jun 2024, Bridge / extension | 2 | 0 |
| Brainfish | AI customer experience platform | 6 May 2024 | 2 | 0 |
| Cecil | Spatial datasets API for ESG and nature risk analytics | 1 Mar 2022, Pre-seed | 1 | 0 |
| LawPath | Customizable legal documents and marketplace of legal professionals | 2019 | 1 | 0 |
Fund closes reported for Macdoch Ventures, as distinct from the investments it has made.
Companies Macdoch Ventures has backed that another company then bought. An exit for the holding, not a deal Macdoch Ventures did.
Stories naming Macdoch Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Australian startups raised funds including Alloy Robotics, Farmbot and Atmo Biosciences. Firmus Technologies acquired Benmax while Tabcorp bought BetMakers. SafetyCulture rebranded to Mitti.
Eight Australian and New Zealand startups secured a combined $67.4 million in funding across various sectors including agtech, medtech, robotics, and fintech.
Ranch Bot, an Australian internet-of-things firm for ranch water and livestock management, has banked a Series B round from Lewis & Clark Partners and five co-investors, reorganising under a new US parent.
Also AgFunderNews
Pet-sitting marketplace Mad Paws has recommended a proposed $62 million takeover by US company Rover, with its Pet Chemist arm earmarked for VetPartners, while earlier raises are recalled.
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.
Weekly roundup detailing new capital for Australian startups Diraq, BrainFish, RecycleSmart, Cohabit and Five Faces, alongside Alumly's undisclosed multimillion-dollar backing from UK investor Mauve Group.
Also Startup Daily
Sydney AI customer-support startup Brainfish has secured a $9.8 million pre-Series A, with Prosus Ventures leading and existing backers Peak XV's Surge and Macdoch Ventures participating, to fund its US expansion.
Also SmartCompany·SmartCompany
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.
Westpac has invested $10 million in legal tech platform Lawpath, deepening an existing partnership; the article also recounts Lawpath's earlier raises from LegalZoom, Adcock Private Equity and other backers between 2015 and 2021.
Weekly roundup of four Australian startup raises: Kismet's $20m seed extension, Primary's $3.5m seed round, Willed's $3m from Seven West Media, and East Forged's $1.5m from a Vietnamese agribusiness's venture arm.
Sydney cash-management startup Primary has completed a $3.5m seed round backed by Carthona Capital and five other funds, with Carthona partner Damian Fox set to join its board.
Also SmartCompany
Agtech investor Tenacious Ventures reached an $18 million first close on its second fund, which has a $50 million target; backers include Trawalla Group, Wollemi Capital Group and Macdoch Ventures.
Also Forbes Australia
Weekly roundup detailing new funding for eight local startups: home lending, document verification, farm water monitoring, alcoholic drinks, freight software, leaf protein, artist content sales and organic bedding, totalling over $36 million.
Farm water monitoring firm Farmbot raised A$4.6 million, topping its initial $3 million goal, with Telstra and Macdoch Ventures among returning backers as it pushes US growth through subsidiary Ranchbot.
Farmbot has closed a bridge round to bankroll its push into the United States, with prior backers and fresh investors taking part, following raises in 2021 and 2022.
Weekly roundup of nine Australian startups that together raised over $233 million, led by Hysata's $172 million Series B, with rounds also for V2 Digital, AgriWebb, Disco, Genero, Brainfish, Kite Therapy, Nucanon and Maslow.
Sydney AI customer-support startup Brainfish has raised $3.85 million in a round led by Peak XV Partners' Surge, with Macdoch Ventures, Black Sheep Capital and angels taking part, bringing its total capital to $5 million.
Also Startup Daily·Forbes Australia·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany
Profiles Australia's ten wealthiest women from the AFR's new list, alongside Canva's in-progress share sale, a large gift to a global gender-fund vehicle, and one backer's earlier healthtech round.
Weekly roundup of agrifoodtech deals: numerous startup funding rounds including GrowUp Farms, PlantLab and Australia's Cecil, a secondary share sale in Hone, and Kerry Group's acquisitions of C-LEcta and Enmex.