Ledger. Australian venture funding, tracked

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Forbes Australia

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The most recent 60 of 279 articles we hold from Forbes Australia.

2 deals

$790 million medtech Harrison.ai reveals revenue surge after restructure culling 15% of staff

Radiology AI firm Harrison.ai has restructured, shedding 34 local roles, while contracted revenue has grown fourfold to $40 million; founders insist research stays in Australia as they expand in the US.

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3 deals

Heidi hits $1.2 billion valuation with $470 million in fresh funding

Heidi raised US$100m in a Blackbird-led Series C plus US$240m in customer-acquisition finance from General Catalyst, reaching a $1.26 billion valuation as Australia's fourth billion-dollar startup of the year.

Also Dealroom·This Week in Australian Startups·Dynamic Business·This Week in Australian Startups

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Series B $37m

NRF backs space startup HEO after US$100 million-plus contract

HEO, which builds cameras to monitor satellites, has secured a Series B with Beaten Zone Venture Partners leading and the national reconstruction fund among nine backers, on the back of a nine-figure US contract.

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Series B $37m

NRF backs space startup HEO after US$100 million-plus contract

Satellite-monitoring camera maker HEO has landed a $37 million Series B, with the federal reconstruction fund contributing $10 million, and will grow its team while pushing more cameras into geostationary orbit.

Also Forbes Australia·Space Connect·This Week in Australian Startups·Dynamic Business

Unnamed stage US$200m

Canva valuation marked down by US titans T. Rowe Price and Franklin Templeton

Filings show T. Rowe Price, Franklin Templeton and Blackbird have cut their Canva stake valuations, as the design company trims growth forecasts and builds a foundation model ahead of a planned Nasdaq listing.

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4 deals

Main Sequence targets $400 million for new fund amid deep tech boom

Deep-tech investor Main Sequence is seeking $400 million for a fourth fund, with $75 million already committed by the federal government, after two portfolio companies reached unicorn status this year.

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Seed US$2b

Meta offered this Australian $1.5 billion. Now he's joining Anthropic.

Australian AI engineer Andrew Tulloch, a Thinking Machines Lab co-founder, is leaving Meta for Anthropic after turning down a reported Meta package worth as much as US$1.5 billion.

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Pre-seed $10m

Australian AI lab caps $10 million pre-seed raise to run in global AI race

Forbes Australia reports three researchers have closed a $10m pre-seed round with Main Sequence for Metacognition, whose software adds memory and guardrails so companies can deploy AI without unsafe behaviour.

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2 deals

He's quietly invested in Australia's biggest space tech startups. Now he's moving to launch a $150m fund

Profiles space investor Will Scully-Power, whose Pine Gap firm backs Australian space startups and plans a larger US fund with partners; defence VC Beaten Zone has also wrapped up a $26 million fund.

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12 deals

Brandon Capital's $60m taypayer-funded biotech bets

Brandon Capital has put roughly $60 million of National Reconstruction Fund money into ten biotech companies and warns R&D tax changes would hurt deep tech; portfolio company Myricx Bio went to Novartis.

Also australiatimes.com

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Funding announcement

Diraq pushing its quantum computer to the cloud amid commercialisation race

Sydney quantum computing company Diraq will station an eight-qubit prototype machine inside an Equinix facility from October, a step toward moving the technology from lab to market.

Fund close $1b

Blackbird closes record $1 billion fund, but turns ‘cautious’ on AI

Blackbird has banked a record $1.05 billion sixth fund with global institutional and local super backing, while partner Samantha Wong flags caution on AI and a tilt toward deep tech.

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7 deals

The 8 Australian startups on Forbes Asia's 100 To Watch list

Eight Australian companies make Forbes Asia's annual 100 To Watch list; the piece profiles each and recaps recent raises across climate tech, health and software.

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2 deals

Canva bet millions on data centre play Sharon AI before becoming its 'major customer'

Filings show Canva backed Sharon AI's US$103 million December 2025 raise with Regal, Ellerston, Digital Alpha and others; the Sydney compute provider has since floated on Nasdaq and raised US$2.15 billion more.

Also Dealroom

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Seed $3.5m

Australia’s ADHD system made him ‘snap’. Now he’s raised millions to build a new one

Zac Altman’s ADHD telehealth startup Kantoko has secured $3.5 million in a Side Stage Ventures-led seed round, with Andrew Forrest’s Tenmile and Go1’s founders investing; the article also recalls his earlier ventures’ sales.

Also Dealroom·Startup Daily·Business News Australia·SmartCompany

Series C $158m

Advanced Navigation raises $158 million Series C led by Airtree Ventures

Sydney/Perth navigation-tech firm Advanced Navigation raised $158 million in a Series C round to fund acquisitions, US manufacturing expansion, and sales growth, reaching unicorn status.

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2 deals

His self-driving car startup hit $300m before crashing. Now he's back for round two.

Deep tech founder Cibby Pulikkaseril has banked a $3.5m seed for Zabidou, whose lasers inspect factory output, with Black Nova, Main Sequence and Antler backing; his earlier LiDAR venture Baraja folded.

Also SmartCompany

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2 deals

Rocket Lab alum raises $10.5m to build 'anti-gravity chamber' for space manufacturing

A maker of satellites for in-orbit drugs and materials production has landed an outsized pre-seed round led by New Zealand's GD1, with Airtree and other venture firms taking part.

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Series D+ ~$452m

Brisbane biotech AdvanCell just raised a record $450 million

Brisbane radiopharmaceutical developer AdvanCell has closed an oversubscribed Series D round, led by Ally Bridge Group and Alpha Wave with several institutional investors returning, to fund late-stage prostate cancer trials and US manufacturing.

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Series A $28m

Mako shark-inspired startup hunts down $28m to make aviation more efficient

Sydney aviation startup Mako has announced a $28 million Series A with Virescent Ventures, Grok Ventures, Skip Capital and IAG investing, funding A320 testing, industry rollout and team growth.

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Series C $158m

Advanced Navigation rides deep tech boom with first US manufacturing hub

Advanced Navigation will open an Alabama plant, its first American factory, using money from its March Series C, and is weighing US and European acquisitions plus a possible future listing.

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Funding announcement

Amal Clooney on empowering female entrepreneurs and CWI's global impact

Forbes Australia interviews Amal Clooney at the Cartier Women's Initiative 2026 celebration in Bangkok, where she mentored female founder fellows, including three Australian award winners, and discussed her justice foundation's legal-aid work.

2 deals

100k conversations and counting: Ovum earns $4m seed growing 30% month-on-month

Women's health AI app Ovum announced a $4 million seed round led by Admiralty Capital with Antler, Giant Leap, LaunchVic and others, 16 months after its pre-seed, citing rapid user growth and health partnerships.

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2 deals

Everlab valued at "almost $500 million" - forbes.com.au

Melbourne preventive-health startup Everlab has banked $65 million at close to a half-billion-dollar valuation, backed by Airtree, Left Lane, Plural, b2venture and angels including Pat Cummins; the piece profiles co-founder Marc Hermann.

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Funding announcement

Australians invent world-class climate tech. So why aren’t we buying it?

Opinion arguing Australian climate startups struggle to find local first customers, citing Energy Locals' sale to Palisade Impact and PlasmaLeap's Gates Foundation-backed Series A, with corporate accelerators bridging innovation and adoption.

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Series C $158m

The soaring financials behind Australia's newest deep-tech unicorn

ASIC filings show Advanced Navigation grew FY25 revenue sharply and halved losses, explaining investor appetite for the navigation-tech firm's March Series C, which lifted its valuation past a billion dollars, led by Airtree with government backing.

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2 deals

Diraq strikes $53m agreement with US Government – and is eyeing up to $420m more

Quantum chip venture Diraq has struck a US$38m deal with America's Commerce Department to build out its supply chain there, much of it becoming equity; Australia's NRF backed it with $20m in February.

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3 deals

Arkeus: From drowning in drone data to $100 million valuation

Defence-tech firm Arkeus has raised a $25 million Series A led by QIC at a stated $100 million valuation, funding US and Queensland manufacturing for its hyperspectral drone sensing systems.

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2 deals

Sydney startup raises $5m on the tech that found downed pilot

Quantum sensing spin-out Deteqt has raised a $5 million seed round led by Main Sequence to advance its miniature magnetic sensors for navigation where GPS is blocked, after a smaller March 2025 seed round.

Under Beaten Zone Venture Partners portfolio ·leads this story in the feed

Series A $43m

Sydney uni dropout behind $432M startup teams up with Beckham to outsmart aging

Superpower, the health-testing startup of Sydney law dropout Max Marchione, valued at $432 million after a Series A of $43 million, has bought two diagnostics firms and is negotiating a supplements deal with IM8.

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