Ledger. Australian venture funding, tracked

Investor · 5 deals

Pollination Group

Coverage

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

2 deals

Climate tech startup MGA Thermal raises $17 million

MGA Thermal, a Hunter Valley energy storage maker, has banked $17 million from IP Group and others to commercialise its heat-storage technology, lifting its total funding to $50 million.

Funding announcement

Industry and science minister Ed Husic wants you to know something is going to happen, soon

Industry minister Ed Husic told a Tech Council summit the National Reconstruction Fund is close to its first investments after asking for a $300m drawdown; the piece recaps federal tech funding moves including PsiQuantum's.

4 deals

Textile sorting robot and fabric trading platform among projects backed by Country Road Climate Fund

Country Road's Climate Fund has named its second-year grant recipients: RediRobots gets $30,000 for automated textile sorting, Circular Sourcing $139,000 for a surplus-fabric platform, with two biodiversity projects also backed.

News

Queensland brings sportstech accelerator ASTN north to back 40 startups

Queensland's investment arm is backing Melbourne's sports technology network to run accelerator programs for as many as 40 local sportstech startups, after its venture development fund recently committed to several venture funds.

8 deals

The Week in AgriFoodTech: eFishery snaps up $30m, impact VC Pollination launches $150m fund

Roundup of the week's agrifoodtech news: an Indonesian aquaculture startup's US$30m debt raise, a Queensland-backed climate fund close, several smaller raises, a micro-fulfillment firm's bankruptcy filing and an ag-analytics platform shutting down.

Fund close $150m

New $150m fund targets net zero “disruption” start-ups across energy, transport, recycling

Investment firm Pollination has launched a $150m vehicle backing climate and nature start-ups, anchored by a cornerstone commitment from Queensland Investment Corporation, with first investments expected from late 2024.

Fund close

New $150 million venture capital fund to pollinate climate, nature startups

Pollination has rolled out a $150 million fund for environmentally focused startups, anchored by Queensland Investment Corporation, and will begin picking companies late in 2024 across five sectors.

Also AgFunderNews·Startup Daily

Grant $1.7m

ARENA backs First Nations hydrogen ambitions

ARENA grants nearly $1.7 million to Aboriginal Clean Energy Partnership, a First Nations joint venture, funding phase one of a feasibility study for a renewable hydrogen and ammonia project in the East Kimberley.

Also RenewEconomy

Key hire

Grid Connections: Who’s going where in Australia’s energy transition

A rolling roundup of Australian energy-sector job moves, listing dozens of executives, directors and ministers joining or leaving utilities, regulators, developers and industry bodies between May and December 2023.

9 deals

Eight Aussie startups that raised $85.6 million this week

Weekly roundup reporting eight Australian startups together raised $85.6 million across mining tech, cybersecurity, waste, energy storage, health and micromobility, plus a Google.org grant for Global Sisters.

Also Startup Daily·Startup Daily·SmartCompany

7 deals

Seven startups that raised $77.2 million this week (kind of)

Weekly roundup of seven Australian and New Zealand startup raises, headlined by a previously unreported $32 million seed for banking software venture Constantinople, plus new rounds for six other companies.

Also Startup Daily·Startup Daily·Techboard·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·AgFunderNews·Startup News (WA)·Forbes Australia·AgFunderNews

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