Ledger. Australian venture funding, tracked

Company

Princess Alexandra Hospital

Brisbane, QLD

Coverage

Stories naming Princess Alexandra Hospital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

17 deals

2025 state of raising: $1.8 billion in – as late-stage deals boom

Tracxn figures show Australian tech funding reached $1.8 billion by mid-2025, powered by large late-stage rounds at Protecht, Airwallex, Harrison AI and Advancell, while seed and early-stage raising fell away sharply.

Funding announcement

Arthroscopic robot developer Convergence Medical seals $5m Series A, boosting its valuation to $30m

Brisbane medtech Convergence Medical has closed a $5 million Series A with US backer Avicella Capital, valuing the surgical robot developer at $30 million as it prepares to commercialise and enter the US market.

Funding announcement

Convergence Medical gains FDA 'breakthrough' listing

Brisbane surgical-robotics startup Convergence Medical wins a US regulator's fast-track designation for its arthroscopic robot; the piece recalls two recent raises totalling $3 million and a new chief medical officer hire.

2 deals

Manufacturing news briefs — stories you might have missed

Australian manufacturing roundup: Zip Water appoints a marketing director, EMVision triggers a milestone payment, Kleos Space faces bankruptcy, AnteoTech secures placement commitments, and LaunchVic funds two women-founder pre-accelerators.

Something wrong? Tell us