Dealroom

FeBI Technologies lands $1.52M grant for quantum iron blood test

FeBI Technologies won an Australian government grant of about A$1.52 million for its quantum-based iron blood test, building on earlier Stage 1 funding, and will partner with universities and Aboriginal health services.

SQC lands $2.5M government grant for quantum-enhanced energy forecasting

Silicon Quantum Computing received a US government-backed grant to advance quantum-enhanced energy forecasting work with Schneider Electric and UNSW into Stage 2 of the Critical Technologies Challenge Program.

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Bose buys FMOD maker Firelight to push into gaming audio

Bose has acquired Firelight Technologies, the Melbourne creator of FMOD interactive audio software, to expand its business-to-business audio unit into gaming and other real-time applications; terms undisclosed.

Australia's Firmus raises $4.94B in IPO, pricing shares at US$7.12

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Hypersonix lands $46M to build hydrogen-powered hypersonic aircraft

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Melbourne Uni concrete recycling spinout R2Crete raises $521,000 pre-Seed

A university spinout commercialising concrete recycling has secured pre-seed backing from Genesis Pre-Seed Fund and Uniseed to build a pilot plant, with field trials planned for early 2027.

Skopos Bio raises $8.4M seed to advance radioactive cancer therapy

Melbourne oncology startup Skopos Bio has raised a seed round from Tenmile, Tin Alley Ventures and Yosemite to advance radioactive cancer therapy toward human trials.

Yojee raises $7.3M after launching MOSAIC, posts $8.2M FY26 loss

Australian logistics software company Yojee raised about US$6.76 million via placement and share purchase plan, exceeding its target, while reporting a fiscal 2026 net loss as it rolls out its MOSAIC platform.

Adelaide's Eastend Ventures closes $21M debut fund

Adelaide-based Eastend Ventures closed its debut fund at US$19.4 million, backed by cornerstone investor Funds SA and over 50 investors; it has deployed over US$5.18 million into seven startups.

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APM Group buys Medcor to build North American occupational health platform

APM Group, an Australian company, is buying Medcor, an employer-facing healthcare business, at a price it did not disclose, and will merge it with WorkCare and Assure into a single North American workplace-health operation.

Trendspek raises $4.2M Series B to bring AI to ageing infrastructure

Sydney-based maker of 3D infrastructure inspection software has landed a Series B with OIF Ventures leading, earmarked for growth abroad, hiring and product work.

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Ellerston Capital buys stake in Luxury Escapes at $525M valuation

Dealroom reports Sydney investment house Ellerston Capital plans to buy at least a 12% stake in travel platform Luxury Escapes at a $525 million valuation, with board representation and an expected two-to-three-year exit.

Main Sequence backs dementia biotech Kinoxis in US$5.99M round

Kinoxis Therapeutics, a biotech targeting dementia symptoms, raised US$5.99 million in a round announced September 2026; CSIRO-backed Main Sequence took part, alongside a US$1.62 million grant.

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Syngenis-backed venture Gene S Dx acquires Australian pharmacogenomics platform Rosa

A new precision-medicine company formed by Perth's Syngenis Labs, a research institute and two scientists has bought Gene S, maker of the Rosa pharmacogenomics tool; no price was disclosed.

Heidi raises $100M Series C at $900M valuation to scale AI for clinicians

Heidi, maker of AI tools for clinicians, raised a Blackbird-led Series C with earlier backers joining, plus growth capital from General Catalyst, to expand from documentation into supervised clinical action.

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Graphene Manufacturing raises $10M to scale production

Brisbane clean-tech firm Graphene Manufacturing Group is issuing shares to a lone private backer for about US$10 million to lift graphene and battery output, with completion due about 23 September.

Promethean BioPharma raises $2.3M to bring CBD pain tablet to pharmacy shelves

Sydney biotech Promethean BioPharma has launched an OnMarket crowdfunding round to fund manufacturing, trials and its push for non-prescription status of its CBD pain tablet in Australia.

Direct Capital backs Australian waste platform Jerrara from its $525M fund

Waste platform Jerrara Environmental has taken investment from Direct Capital and MADAUS Capital Partners, the second deal from Direct Capital's $525m fund raised in April 2025.

SkySight lands £720,000 UK grant for stratospheric flight platform

Brisbane weather-tech startup SkySight received a UK research agency grant to build a forecasting and flight-planning platform for stratospheric aircraft, delivered through its UK subsidiary among 18 funded teams.

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Amber raises $56M to take home battery automation from Australia to Europe

Australian energy retailer Amber Electric has raised US$50.8 million in a round led by Morgan Stanley's climate fund 1GT, with earlier backers joining, to drive local growth and a European expansion.

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Scalare backs AI scent startup Auric, which opens Sydney lab

Listed investor Scalare Partners has taken an undisclosed early-stage stake in Sydney AI scent startup Auric, which has opened a lab at Tank Stream Labs after earlier backing from Antler and Sputnik ATX.

Also This Week in Australian Startups

Nyrada raises $8.6M placement to fund Xolatryp heart trial

Australian biotech Nyrada has banked US$7.76 million through a share placement managed by Bell Potter, with proceeds going to its clinical pipeline, including the Phase IIa trial of Xolatryp in heart attack patients.

Telix bets $1.7B on ITM to build radiopharma powerhouse

Australian-listed Telix is buying German radioisotope supplier ITM in a $1.65 billion deal with contingent milestone payments, creating an end-to-end radiopharmaceutical business.

IVE Group buys out-of-home media firm Motio in US$13.4M deal

CSIRO quadruples deep tech bet to $14M for Main Sequence's Atmosphere fund

Dealroom reports CSIRO lifting its stake in Main Sequence's early-stage Atmosphere vehicle fourfold to US$12.9 million, money earmarked for a fourth fund the firm has yet to raise.

Hysata lands $35M grant to build hydrogen electrolyser line at Port Kembla

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Portable wins US$711.8K grant to fight Australian wage underpayments

Design and technology company Portable received a Business Research and Innovation Initiative grant to build Sweep, its wage-underpayment detection platform, as Australia criminalises intentional wage underpayment.

AI boom powers new raise for energy-trading firm Xpansiv

Xpansiv has wrapped a growth equity round with Blackstone, Macquarie, CBA, Goldman Sachs, Aware Super and Aramco Ventures among its backers, as the IPO hopeful looks to fund expansion in Australia and globally.

Evatto raises $1 million pre-Seed to automate event admin

Sydney events-software startup Evatto has raised a $1.02 million pre-seed round led by Purpose Ventures to fund product development, international growth and hiring.

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Ceretas triggers final $490,000 grant tranche as dementia device prototypes clear review

Australian medtech Ceretas hit a milestone in its CUREator+ program, unlocking the final instalment of a government-funded grant; the piece also recaps its A$8 million IPO and ASX listing earlier in 2026.

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Brookfield to buy plumbing maker Reliance for $2.8B

Brookfield has struck a deal worth about $2.8 billion to take over plumbing products maker Reliance Worldwide; the target's board backs the offer, with completion expected in 2027 pending approvals.

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Australia's Sicona buys New Orleans battery firm Advano, backs drones for demand

Dealroom reports Australian battery materials startup Sicona acquired Louisiana-based Advano, taking its New Orleans facility, and recalls Advano's earlier $45 million raise backed by Tony Fadell and Peter Thiel.

Volt Resources lands $5.4M US Department of War grant for domestic graphite

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Cycliq raises $1.1M at near 50% discount to fund inventory and AI

Cycliq, which makes cycling safety cameras, has completed a steeply discounted A$1.5 million equity raise brokered by CPS Capital Group, with proceeds earmarked for stock, artificial intelligence projects and general operations.

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Dataworks locks in $3M placement to fund government-tech push

Listed regtech firm Dataworks Group has locked in A$3 million in committed investor backing via a share placement, with Cygnet Capital running the raise, to repay debt and expand its government technology platforms.

Auravelle Metals completes $150,000 second tranche placement

Australian gold explorer Auravelle Metals has settled the second instalment of its post-listing share placement, worth about A$205,000, with the cash earmarked for drilling at projects in South Australia and Western Australia.

Calvary consortium acquires Healthscope, ending 16 months of uncertainty

A consortium fronted by Calvary Health Care has completed its takeover of Healthscope, the nation's second-biggest hospital operator, ending 16 months of instability. Whyalla's steelworks will shed 500-plus jobs after its furnace restart failed.

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Netwealth to buy AI advice startup Paradino for $14M

Wealth platform Netwealth is acquiring AI advice-automation startup Paradino for A$20 million upfront, mostly cash, plus earn-outs that could reach A$9 million, and intends another A$10 million of investment.

Melbourne's Elita raises $1.9M to extend dogs' healthy lives

Pet-health startup Elita Genetics, based in Melbourne, has secured $1.9 million to grow from cell banking into canine longevity, with Boost VC leading and four other backers alongside.

F1 supplier EM Motorsport buys Australian timing icon Dorian

A British Formula 1 hardware supplier has bought Melbourne timing specialist Dorian for an undisclosed sum, keeping the brand serving racers in the region while Alitrax continues frontline support.

Australia's clean-energy fund backs Darwin chemical recycler with $39M debt deal

Darwin chemical recycler Global Resource Recovery has obtained A$55 million in debt funding from the National Reconstruction Fund Corporation to build out facilities at the port, creating construction and permanent roles.

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MetaCognition raises $10M seed to build an operating system for robots

MetaCognition, an Australian AI startup, has raised a $10m seed round led by Main Sequence to develop software that lets AI models control robots and industrial machinery.

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YES Group wins $7.4M grant to roll out 14 community batteries in Australia

Dealroom reports South Australian renewables firm YES Group obtained ARENA funding for 14 batteries across SA and NSW, in a tranche that also grants Ausgrid and the City of Newcastle money for more storage.

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Dela raises $720,000 seed round to strip scams out of secondhand sales

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Thoma Bravo backs bootstrapped Australian HR platform Tanda after 14 years

Growth equity firm Thoma Bravo has invested in Tanda, a Brisbane workforce-management software business, its first external funding after 14 years of bootstrapping; the money targets AI features and overseas expansion.

NextDC raises $790M in convertible notes, its third capital raise in four months

NextDC, an Australian operator of data centres, announced a A$1.1 billion convertible note offer, following April equity and May debt raises, to bankroll local expansion.

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Lexaria raises $5.9M by repricing warrants to extend runway into 2027

Lexaria Bioscience agreed immediate warrant exercises to raise about $5.9 million gross, cutting exercise prices, with H.C. Wainwright placing; proceeds plus an Australian tax rebate may carry operations and R&D into 2027.

Flavour Makers buys New Zealand's Groenz in first move offshore

Australian food manufacturer Flavour Makers has bought New Zealand condiments maker Groenz, its first acquisition beyond Australia, adding a Wellington plant, about 90 staff, 165 products and the Frenchmaid brand; terms undisclosed.

Bioshore closes Australia's first medtech-only VC fund at $27M

Bioshore Ventures has wrapped up its first fund at $27 million with all capital committed, drawing 65 individual backers including three well-known investors, and has named four health-technology companies in its portfolio.

Innovaero locks in $29M IPO ahead of $158M ASX debut

Perth drone maker Innovaero has completed the raising for its stockmarket float and will debut on the national exchange on 22 September, with an implied value near A$158 million.

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ReNerve, RMIT win $360K grant for nerve regeneration research

Australian biotech ReNerve and RMIT received a government grant of nearly AUD500,000 for a joint project aiming to speed nerve repair after prostate operations, under a federal program.

Australian SAF startup raises $22M with Qantas, Airbus backing

Qantas and Airbus backed an unnamed Australian company's A$30 million raise to advance a Queensland plant that would make lower-carbon jet fuel.

NuEnergy Gas raises $2.2M for Indonesian gas push

NuEnergy Gas, an ASX-listed gas company, has secured commitments for a A$3.1 million private placement to fund early gas sales at Tanjung Enim in Indonesia and advance other contract areas.

Oleyn lands angel funding from Singapore, Australia backers

Oleyn, an enterprise AI company, has secured backing from angel investors in Singapore and Australia, with banker Mamun Rashid among them, to support product development, hiring and overseas growth.

Proa lands $2.9M ARENA grant to close solar farm performance gap

Melbourne solar software maker Proa Energy has received a government grant for its HiveOps fault-detection platform, with trials to be run alongside two energy partners on a project extending to 2028.

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Intellivision buys 17.71% of CurveBeam AI for $2.6M

Intellivision Holdings of Singapore paid $2.6 million for a 17.71 percent voting stake in ASX-listed CurveBeam AI, disclosed through a filing with the Australian exchange.

NextDC taps the market to fund record data centre build-out

A Brisbane-founded ASX-listed operator is funding its biggest data centre build with a fresh share offer to existing holders, plus an expanded hybrid securities deal that drew more pension fund money.

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Ares bids $2.50 a share for MaxiPARTS in $132M take-private

Truck parts group MaxiPARTS has drawn a conditional buyout approach from Ares and separately agreed to acquire a brake component supplier's assets for $11.2 million.

Perth's Nexxis buys UK wind-turbine robotics firm BladeBUG

Perth robotics group Nexxis has acquired BladeBUG, a UK developer of wind turbine inspection robots, taking the Australian company into the UK renewables sector; no price was given.

Titomic raises A$16.5M placement to fund US push

Cold spray manufacturer Titomic has locked in A$16.5 million via a share placement, funding expansion at its Alabama plant and a planned shift of corporate domicile to the United States.

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