Seven Aussie startups that raised $495.8 million this week
Weekly roundup of seven Australian startup raises, led by Airwallex's Series F, plus EatClub, Kite Magnetics, Termina, Preve, Foremind and Liveheats.
Also Startup Daily
Investor · 3 deals
Every published round Monash Investment Holdings 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.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Jupiter Ionics | Series A | 18 Mar 2024 | $9m | Participant | Startup Daily (27 Jun 2024), Startup Daily (24 Jun 2024), SmartCompany (22 Apr 2024), Early VC, SmartCompany (7 Mar 2024), Startup Daily (5 Mar 2024), @AuManufacturing, Breakthrough Victoria | |
| Additive Assurance | Unnamed stage | 10 Dec 2022 | $4.1m | Participant | @AuManufacturing (25 Oct 2023), @AuManufacturing (11 Dec 2022), @AuManufacturing (10 Dec 2022), SmartCompany, Startup Daily, @AuManufacturing (7 Dec 2022) | |
| Kite Magnetics | Seed | 19 May 2025 | $3.6m | Participant | Startup Daily, @AuManufacturing (26 May 2025), SmartCompany, @AuManufacturing (20 May 2025), Boson Ventures portfolio, Investible portfolio |
Companies Monash Investment Holdings has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Additive Assurance | In-situ quality assurance systems for metal 3D printing | 10 Dec 2022 | 1 | 0 |
| Jupiter Ionics | 18 Mar 2024, Series A | 1 | 0 | |
| Kite Magnetics | Startup developing stator core motors for electric aviation | 19 May 2025, Seed | 1 | 0 |
Fund closes reported for Monash Investment Holdings, as distinct from the investments it has made.
Companies Monash Investment Holdings has backed that another company then bought. An exit for the holding, not a deal Monash Investment Holdings did.
Stories naming Monash Investment Holdings. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly roundup of seven Australian startup raises, led by Airwallex's Series F, plus EatClub, Kite Magnetics, Termina, Preve, Foremind and Liveheats.
Also Startup Daily
Roundup of four Australian startups that each announced fresh capital this week: a caregiver healthcare app, a green ammonia producer, a clean energy project modelling platform, and a wellness advice marketplace.
Also SmartCompany
Emissions-free ammonia developer Jupiter Ionics has raised $9 million, adding Breakthrough Victoria, CIMIC Group and Wesfarmers Chemicals, Energy & Fertilisers to its earlier backers, and also recalls a $2.65 million grant from 2022.
A weekly roundup reporting ten Australian startup funding rounds totalling roughly eighty million dollars, spanning insurance tech, biotech, process mining, connectivity and food, with several female-founded companies among the recipients.
Monash spinout Additive Assurance completed a $4.1 million round led by Significant Capital Ventures with Hostplus and existing backers, funding R&D hiring and a new quality assurance centre in Melbourne.
Also Startup Daily·SmartCompany·@AuManufacturing·@AuManufacturing·@AuManufacturing