Ledger. Australian venture funding, tracked

CEO and Co-founder, Advanced Navigation

Xavier Orr

Coverage

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

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.

News

Keynote speaker announced for Australia’s 50 Most Innovative Manufacturers awards event

Ahead of its 50 Most Innovative Manufacturers awards breakfast, @AuManufacturing names Advanced Navigation chief executive Xavier Orr as keynote speaker, recounting his company's gyroscope manufacturing, Botany factory and underwater exploration work.

Pre-seed

BLAST OIF | Edition VI

OIF Ventures' newsletter announces leading Nullify's pre-seed round, two investment team hires, portfolio company awards and product launches, and Go1's acquisition of Anders Pink.

Also OIF Ventures portfolio·Startup Daily·Startup Daily

Series B $108m

KKR backs Aussie robotics company in blockbuster $108m raise

US giant KKR joined navigation-technology maker Advanced Navigation's $108 million Series B, alongside returning local backers; the company also bought ANU spin-out Vai Photonics, and two KKR staff will join its board.

Also @AuManufacturing·SmartCompany·Startup Daily·Techboard·SmartCompany·Forbes Australia

Funding announcement

Advanced Navigation acquires ANU tech spin-out

Robotics firm Advanced Navigation, backed by publisher OIF, is buying ANU spin-out Vai Photonics in an all-scrip deal of up to $40m; Vai's navigation tech is in talks with NASA.

Also OIF Ventures portfolio·Startup Daily·Dynamic Business·Startup Daily

Series A $20m

Turnbull's AI robotics bet taps investors for blockbuster raising

Advanced Navigation, with Malcolm Turnbull on its board, is seeking $80-135 million; the piece recalls its 2019 $20 million Series A and Minderoo's strategic investment.

Also @AuManufacturing·SmartCompany·SmartCompany·Forbes Australia

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