Funding announcement
Seven ANZ startups that raised $111.5 million this week
Roundup of seven raises across the Tasman spanning fintech, marine tech, agtech, defence and AI, plus a first close for an ACT venture fund.
Company
RAAF
Funding history
Investors
Every investor coverage indicates participated in a round RAAF raised.
What RAAF bought
Companies RAAF acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
People
| Name | Role | Sources |
|---|---|---|
| Daniel Stevens | Avionics Technician (former) | Startup Daily, Beaten Zone Venture Partners |
| Eric Peck | Pilot (former) | Startup Daily (21 Nov 2024), Startup Daily (19 Oct 2024) |
Coverage
Stories naming RAAF. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Seed
Beaten Zone Venture Partners Backs Seitec in turning a passive, all-weather sensing modality into a new class of defence capability – detecting the threats conventional sensors cannot and reshaping the military and security landscape.
Beaten Zone Venture Partners announces Fund 1 joined Activate Capital and UNSW in a seed round for Seitec, a Canberra defence startup whose seismic sensors find unexploded ordnance and hidden drones.
Also Dealroom·Business News Australia·Defence Connect·Startup Daily
Series B
$16m
Drone delivery startup Swoop Aero stalls, lands in administration
Drone delivery company Swoop Aero has entered voluntary administration after its cofounder blamed investor pressure; administrators now seek a buyer or recapitalisation. The piece recalls its 2021 Series B and 2018 Startmate stint.
Also Startup Daily
Funding announcement
Towards 3% R&D – Reach for the Moon to innovate by Xavier Orr
Opinion piece by Advanced Navigation's CEO in an @AuManufacturing series arguing for space R&D investment, citing the company's $5.2 million Australian Space Agency grant and Space Machines' satellite launch.
2 deals
Unnamed stage
$3.5m