Ledger. Australian venture funding, tracked

Corporate / CVC · 3 deals

Rio Tinto

Coverage

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

12 deals

Eight ANZ startups that raised $373.3 million this week

Weekly roundup detailing eight trans-Tasman raises totalling A$373.3 million, headlined by Halter's Series E, spanning quantum computing, biomanufacturing, robotics, adtech and agtech, plus a recalled $2 billion founder exit.

Also Startup Daily

Series A $8m

QIC backs $8m Series A for rail maintenance robotics startup

Brisbane robotics firm Future Maintenance Technologies has secured an $8 million Series A, with QIC Ventures leading and Brighter Super plus Taronga Group participating; its robots inspect rail networks and aircraft for global operators.

Also Startup Daily

2 deals

Radium Capital surpasses $1 billion in innovation funding

Radium Capital's R&D lending has passed $1 billion across 1,000-plus companies since 2017; case studies recall WeMoney's $12 million Series A and ElectraLith's $27.5 million Main Sequence-led round.

Also Startup Daily·Australian FinTech·SmartCompany·Fintech News Australia·Fintech News Australia

Exit / M&A

Edify to accelerate giant solar and battery hybrid projects after $1.1 billion buyout by Canada's La Caisse

Canadian investor La Caisse has agreed to buy Australian solar and storage developer Edify Energy for $1.1 billion, aiming to fast-track two major hybrid projects, subject to regulatory approvals.

Also RenewEconomy

Unnamed stage

Investment Notes: Why We Invested in SprintSuite

EVP sets out its case for backing SprintSuite, an operations platform for mining and engineering service firms co-founded by Fredy Galindo Jr. and Sandra Harris, citing insider credibility and strong early growth.

Also Startup Daily·SmartCompany

7 deals

Five Aussie startups that raised $85 million this week

Roundup of five Australian raises totalling $85 million: National Renewable Network's Series A, plus Syenta, Cuttable, SprintSuite and Bitwise Agronomy, with lead investors and expansion plans for each.

2 deals

Arena gives $20m for key project designed to show Pilbara iron ore can be used for low carbon steel

ARENA commits $19.8 million to NeoSmelt, a low-carbon steelmaking venture backed by BHP, Rio Tinto, BlueScope, Woodside and Mitsui; the pilot project near Perth earlier secured $75 million from Western Australia.

Unnamed stage $150m

Fleet Space on the hunt for hydrogen under mountains

Fleet Space will partner with US clean-fuel startup Koloma to find geologic hydrogen beneath mountain ranges using satellite sensing. The piece recalls Fleet's $150 million raise and Koloma's well-known investors.

9 deals

Seven ANZ startups that raised $42.8 million this week

Weekly roundup of seven Australian and New Zealand raises totalling $42.8 million, spanning property-investment AI, workforce credentialing, allied-health practice software, conversation analytics, maths learning games, copper processing and holiday-park bookings.

4 deals

Three Aussie startups that raised $46.5 million this week

Roundup of three Australian raises — ElectraLith, Coposit and Convergence Medical — plus Quantum Brilliance naming its Series A backers and Rokt's secondary share sale.

Funding announcement

ElectraLith BREAKTHROUGH VICTORIA INVESTS IN MONASH UNIVERSTY STARTUP REVOLUTIONISING LITHIUM EXTRACTION AND REFINING

Breakthrough Victoria puts $2 million into ElectraLith, a Victorian startup whose lithium extraction technology was developed at Monash University, as part of a Series A led by Main Sequence.

Series A $27.5m

Our Investment in ElectraLith: Unlocking Lithium to Power the Energy Transition

Main Sequence's post on leading ElectraLith's $27.5m Series A with Chevron, IP Group and other co-investors, backing its technology that turns lithium-bearing brines into battery-ready hydroxide in one step.

Also Radium Capital·Radium Capital·SmartCompany·Startup Daily·SmartCompany·RenewEconomy·RenewEconomy

Series A $2m

Investment Update: ElectraLith

Breakthrough Victoria's update describes its $2 million commitment to ElectraLith's Series A, led by Main Sequence, covering the lithium extractor's water-free refining technology, Monash ties, pilot plant plans and growing team.

Also Startup Daily

3 deals

Fleet Space lands $150 million, valuation rockets to $800 million

Satellite company Fleet Space has closed a Series D backed by Teachers' Venture Growth and prior backers, lifting its valuation past $800 million, with proceeds earmarked for its mineral-exploration platform.

Also Space Connect·spaceanddefense.io·aap.com.au·@AuManufacturing·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Space Connect·@AuManufacturing·Forbes Australia

Unnamed stage $1.6m

Manufacturing news briefs – stories you might have missed

Roundup of manufacturing briefs: Rio Tinto's quarterly output, Respiri's fresh placement, Archer's CEO exit, Amaero's US revenue, a retired UNSW satellite, Little Green Pharma's record quarter, OKA's investor group and MicroTau job ads.

Unnamed stage $7.5m

Manufacturing news briefs – stories you might have missed

AuManufacturing roundup of brief industry news: Wide Open Agriculture banks a $7.5 million raise, Liontown adds a lithium offtake partner, Osteopore signs Zimmer Biomet for distribution, plus quantum, defence, rail and recycling items.

Unnamed stage $20m

Manufacturing news briefs — stories you might have missed

News roundup: Cyclopharm's $20m placement, Eden Innovations' first Holcim orders, Rio Tinto and BHP electric haul truck trials, a hybrid boat's marine award, and a national rail procurement database launch.

2 deals

Manufacturing news briefs – stories you might have missed

Roundup of Australian manufacturing news: Iluka's refinery cost estimate, a biotech placement with a founder sell-down, a CEO appointment, a retirement, an R&D refund, a distribution deal, a CRC merger and Victorian grants.

10 deals

Five Aussie startups that raised $58.5 million this week

Weekly roundup covering five Australian startups that announced a combined $58.5 million in new funding, spanning quantum computing, advertising software, mining safety technology and event rental software, alongside government grant programs.

Also Startup Daily·SmartCompany

Unnamed stage ~$4.8m

Manufacturing news briefs – stories you might have missed

Roundup covering Hanwha defence testing, a PPK Group CEO promotion, Immuron's sales growth, an Australian Vanadium retirement, Lumos Diagnostics' $4.75 million placement, and TAFE Queensland scholarships.

8 deals

Five startups that raised $109.8 million this week

Weekly roundup of five startup raises: Fleet Space's Series C, Checkmate's Series A, Adventus's new round, Endua's hydrogen funding and Servicely's raise, with investors named.

Also Forbes Australia

2 deals

Fleet Space Technologies raises another $50m - Bondi Partners

Bondi Partners reposts The Australian's coverage of Fleet Space Technologies' $50m Series C round, which Blackbird Ventures led and Bondi joined, valuing the Adelaide-based nanosatellite maker above $350m.

Also Blackbird Ventures portfolio·Startup Daily·SmartCompany·SmartCompany·Techboard·Startup Daily·SmartCompany·Startup Daily·@AuManufacturing·@AuManufacturing·Forbes Australia·satcom.digital·TechCrunch Australia·Space Connect

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