Ledger. Australian venture funding, tracked

Company

McGrath Nicol

Insolvency firm

Coverage

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

Exit / M&A

Zen Energy sinks despite 11th-hour rescue efforts, blaming volatile market as banks and networks get cold feet

Renewable utility Zen Energy has entered voluntary administration despite regulators clearing Gunvor to buy its retail business; McGrathNicol is administrator and customers moved to AGL.

Also RenewEconomy·RenewEconomy·RenewEconomy

2 deals

Brisbane Airport out, Moreton Bay in: PsiQuantum picks new site for its $940m quantum computer build

PsiQuantum has relocated its $940m government-backed quantum computing project to Moreton Bay after dropping the Brisbane Airport site, with groundbreaking set for June following timeline slippage flagged in Senate Estimates.

Also Startup Daily·Startup Daily

4 deals

e-waste recycler Sircel pockets $5 million raise amidst acquisitive mood

Kilara Capital has injected $5 million into Sircel, a Sydney-based electronic-waste processor that recently bought collapsed Victorian rival Scipher Technologies, with a Kilara portfolio manager joining the board.

Also RenewEconomy·RenewEconomy·RenewEconomy

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