News
Morgan Stanley says Firmus could be worth as much as $128b
Morgan Stanley research values AI chip rental firm Firmus at up to $128 billion ahead of its planned IPO next month; four banks will manage the float.
Investor · 1 deal
Morgans
Disclosed deals
Every published round Morgans 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 |
|---|---|---|---|---|---|---|
| OncoRes Medical | Unnamed stage | 12 Feb 2026 | $27m | Participant | Brandon BioCatalyst, oncoresmedical.com, Brandon Capital portfolio, Radar Ventures portfolio |
Portfolio
Companies Morgans has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| OncoRes Medical | Handheld probing device that assesses during surgery whether all breast cancer tissue has… | 12 Feb 2026 | 1 | 0 |
Funds
Fund closes reported for Morgans, as distinct from the investments it has made.
Portfolio companies acquired
Companies Morgans has backed that another company then bought. An exit for the holding, not a deal Morgans did.
People
| Name | Role | Sources |
|---|---|---|
| John Polinelli | Head of Corporate Advisory (former) | Australian FinTech |
| Hugh Robertson | Senior Adviser | AFR Technology |
Coverage
Stories naming Morgans. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
News
Veteran stock picker Hugh Robertson bets on Melbourne's Akeeko Medical
Street Talk reports Melbourne-based medical company Akeeko Medical is out raising capital for a kidney stone treatment, with stockbroker Hugh Robertson leading the effort and putting in personal money.
Unnamed stage
Macquarie's Future Secure AI nears pre-IPO raise at $1.8b valuation
Future Secure AI's pre-listing round, led by Robin Khuda, Square Peg, Yarra Capital, Firetrail and Macquarie Asset Management, is nearing completion, with notes converting at a US$1.3 billion ceiling before an ASX float.
Funding announcement
🇦🇺 This Week in Australian Startups #175, 23rd August 2026
Weekly roundup: Constantinople raises $62.5m; Blackbird wraps fund six above $1b; Guardhouse buys Mobohubb; SCX.ai debuts on the ASX; plus seed rounds, exits and executive changes across the ecosystem.
Key hire
Deep tech copper recovery startup Orivium seeks $30 million Series B
Melbourne deep tech company Orivium is seeking a Series B to commercialise its metal extraction process and has appointed ex-Lenovo chief Bill Amelio as global CEO, with Morgans as lead manager.
Unnamed stage
$27m
OncoRes Medical today announced it has closed an AUD $27M private funding round (‘the Funding round’) to progress clinical development and regulatory milestones for its Quantitative Micro-Elastography (QME) Imaging System, Elora™.
Perth-based OncoRes Medical has secured $27 million from Brandon Capital's BB6 Fund, Morgans, Radar Ventures and others to advance its Elora breast-surgery imaging device through an Australian clinical trial toward FDA approval.
Also oncoresmedical.com
23 deals
Cheque-in: 17 ANZ startups – plus Brooki and The Memo – raised $59.61 million this week
A weekly roundup of funding deals by Australian and New Zealand startups, spanning baked goods, retail, health AI, beverages, edtech, solar, legal tech, and Western Australian medical research grants.
Seed
$3m
Non-alcoholic drinks startup Hopr raises $3 million Seed round
Sydney non-alcoholic beverage maker Hopr has secured $3 million from individual backers after venture capitalists declined to back the consumer brand, with funds earmarked for production, distribution and marketing.
Also Startup Daily
6 deals
Four Aussie startups that raised $28 million this week
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.
Key hire
Swyftx announces new Board appointments
Swyftx adds three directors to its board following Jason Titman's June appointment as CEO, with founders Alex Harper and Angus Goldman also on the newly constituted board.