Patagonia

Six Aussie startups that raised $45.1 million this week

Weekly roundup of six Australian startups raising a combined $45.1 million across energy, e-commerce, design software, cloud security, climate tech and insurtech, plus Awayco's acquisition of Barcode Solutions and nVest winning SmartCompany's Pitch.

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Alex Waislitz’s Thorney Investment Group leads $11 million raise for ecommerce site

Alex Waislitz's Thorney vehicle steered an $11 million round into Awayco, which also bought Sydney point-of-sale firm Barcode Solutions; its chief Shanti Kumar now heads POSConnex, while founder Gideon Gut-Silverman keeps directing growth.

Also SmartCompany

ULUU wants to solve the plastic crisis with seaweed

Seaweed-based plastics maker ULUU has raised AUD 8 million led by Main Sequence, with angels including Karlie Kloss and Kevin Parker taking part, to scale its biodegradable PHA polymer and launch first products.