Skalata expands West with $5M Government backing
Skalata announces a $5M allocation from Western Australia's $45M venture capital program to back local startups, recalls its existing WA investments, and plans a permanent WA base from 2025.
Startup · $300k raised
Perth, WA
Every investor coverage indicates participated in a round Omni Biotech raised.
| Investor | Rounds | Invested |
|---|---|---|
| Spacecubed | Accelerator | - |
| WA Government | Accelerator | - |
| New Industries Fund | Pre-seed | - |
| Skalata Ventures | Pre-seed | - |
Companies Omni Biotech acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Will Poot | Founder | Startup Daily, Startup News (WA) |
| Zac Farrow | Founder | Startup Daily, Startup News (WA) |
Stories naming Omni Biotech. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Skalata announces a $5M allocation from Western Australia's $45M venture capital program to back local startups, recalls its existing WA investments, and plans a permanent WA base from 2025.
Western Australia's government has grown its WAVC fund-of-funds commitment to $45 million, backing seven venture funds, four WA-based, to invest locally; Skalata's WA portfolio already includes C0-architecture and Omni Biotech.
Hydration-tracking startup Omni Biotech, based in Perth, has completed a $300,000 pre-seed round from Skalata Ventures to develop phone- and wearable-based hydration monitoring, founders Will Poot and Zac Farrow announced at West Tech Fest.
Also Startup Daily
Spacecubed has selected 17 startups for its 2022 Plus Eight Accelerator Bootcamp, where they will pitch to advance toward potential seed funding; two founders from the 2021 program are also quoted.