ProcurePro

🇦🇺 This Week in Australian Startups #173, 9th August 2026

Weekly roundup: Firmus completes its $2.85b round; Procore acquires DroneDeploy; Atlassian rebounds while Canva cuts guidance; plus fresh raises for Zabidou, BioScout, Vexev, Enrola, Spacetalk and others.

Also Dealroom·RenewEconomy·RenewEconomy

ProcurePro raises US$11M as French construction giant Bouygues moves from customer to backer

Brisbane procurement software startup ProcurePro closes a US$11 million round led by QIC Ventures, with customer Bouygues joining as an investor via ISAI vehicle.

ProcurePro raises $15 million to bring AI to construction procurement

Brisbane construction procurement software maker ProcurePro has raised a round led by QIC Ventures with Bouygues aboard, valuing it above $110 million, to fund AI development, hiring and a planned US office.

Also Startup Daily·SmartCompany·Startup Daily·Startup Daily

Airtree's Fund V: $650m to back Aussie and Kiwi founders from idea to global household name

AirTree closes its $650m Fund V across seed and growth vehicles, backed mostly by international institutional capital, and promotes three early-career investors to Principal.

Airtree Ventures closes $650M fund with international backing, fueling ANZ startup growth

Sydney venture firm Airtree has completed the close of its fifth fund at $650 million, drawing backing from US institutional investors and Australian superannuation funds, with allocations set for early and growth stages.

Airtree Launches $650m Fund V, With Global Investors Backing ANZ Tech Ambitions

Airtree has launched Fund V, a $650 million pool divided into seed and growth sleeves and backed largely by global institutions, while promoting three investors, among them Perth-raised Dan Coughlan.

Also techpinions.com·Dealroom

Airtree Raises $650M Fund V to Back Australia and New Zealand Tech Founders

Sydney venture firm Airtree has closed its fifth fund, split into a US$250 million seed vehicle and a US$400 million growth vehicle, and promoted three investors to Principal.

Also Fintech News Australia

Five Australian startups that raised at least $38.2 million this week

Roundup of five Australian startups that secured new capital this week: Amber Electric's $29m Series C, ProcurePro's $6.15m, Yume's $2m seed, Alt.Leather's $1.1m seed, plus an undisclosed Tenacious Ventures investment in Nbryo.

Construction software startup ProcurePro builds $6.15 million Series A for UK expansion

Brisbane construction procurement software maker ProcurePro has secured $6.15 million in a Series A backed by AirTree and Leigh Jasper's Saniel Ventures, funding its push into the UK.

Also SmartCompany·SmartCompany·Startup Daily