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10 deals

SQC among 6 startups sharing $12.3 million in quantum grants

Six Australian quantum startups, including Silicon Quantum Computing and QuantX Labs, have received federal grants totalling $12.3 million under the Critical Technologies Challenge Program for projects in energy, health, biosecurity and logistics.

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4 deals

Cheque-in: 3 startups pocket $18.75 million to start October

Three Australian startups raised a combined $18.75 million: Skopos Bio's seed round, Trendspek's growth round led by OIF Ventures, and R2Crete's pre-seed backed by Uniseed and the Genesis Pre-Seed Fund.

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Key hire

Role call: new people at allt, SQC, RedBelly Network, Neara & Indebted

Weekly people-moves column: new executives at allt, SQC, Redbelly Network, InDebted and Neara, including Clive Dickens joining allt's board and Chris McNamara becoming InDebted's CEO.

Pre-seed $750k

Melbourne Uni concrete recycling spinout cements $750,000 pre-Seed

University of Melbourne spinout R2Crete, recycling waste concrete into aggregates and cement replacement, raised $750,000 pre-seed from the uni's Genesis fund and Uniseed to build a pilot plant.

Also SmartCompany·Startup Daily·This Week in Australian Startups

3 deals

Eastend Ventures nails $30 million debut fund to back SA, WA and Queensland startups

Adelaide firm Eastend Ventures has closed its debut $30 million fund, with Funds SA as cornerstone backer, to invest in early-stage tech startups across South Australia, Western Australia and Queensland.

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2 deals

Asset analysis platform Trendspek banks $6 million to keep critical infrastructure upright

Trendspek, a Sydney maker of 3D infrastructure condition records, has banked $6 million in a round OIF Ventures led, funding North American and European growth and AI tools that flag defects in inspection imagery.

Also SmartCompany·Startup Daily·This Week in Australian Startups

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7 deals

7 startups share $15.6 million in the latest round of government-backed dementia research grants

Seven Australian health startups receive equity-free grants totalling $15.6 million in the second CUREator+ round for dementia research, backed by the Medical Research Future Fund, spanning gene editing, medicines and diagnostic tools.

Also This Week in Australian Startups

Under Uniseed ·leads this story in the feed

4 deals

Dementia biotech Kinoxis raises $6.75 million with a $2.5m grant as cherry on top

Melbourne dementia drug developer Kinoxis secured $6.75 million equity led by Main Sequence plus a $2.5 million Medical Research Future Fund grant via CUREator+, funding trials of its agitation and pain drug candidates.

Under Uniseed ·leads this story in the feed

3 deals

Space monitoring startup scores NRF backing in $37 million Series B

Beaten Zone Venture Partners led a US$25 million Series B in HEO Robotics, which images other spacecraft, with the NRFC contributing $10 million; the piece also recalls earlier Series A and seed rounds.

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3 deals

Buildkite quietly raised $21 million earlier this year after posting massive losses

ASIC filings show Buildkite raised $21m via convertible debt in January 2026 after heavy losses and a CEO change; its earlier backers include OneVentures, AirTree, General Catalyst and Dom Pym.

Also Capital Brief

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Seed $2.5m

Workplace psychological safety startup ReFresh plants $2.5 million Seed round

ReFresh, which sells software for managing psychosocial hazards at work, has landed a seed round of $2.5 million with Black Nova Venture Capital leading and earlier backers Antler and Archangel Ventures returning.

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2 deals

From Amber Electric to Infravision, climate tech is simply good business

Impact Ventures' Zoe Whitton argues climate tech is now proven business, citing her firm's early bets on Amber Electric and Infravision, and urging Canberra to strengthen carbon pricing and demand for clean industries.

Under Breakthrough Victoria ·leads this story in the feed

Pre-seed $1m

Startmate alumni Evatto raises $1.02 million pre-Seed

Sydney event-tech startup Evatto has raised a pre-seed round led by Perth firm Purpose Ventures to build its platform and expand abroad, after going through Startmate's Summer 26 program under its earlier name Wiingman.

Also thesaasnews.com·app.fundz.net·trysignalbase.com·Dealroom

4 deals

The Coalition will kill off Innovation Victoria’s VC fund and sell its 100 investments if they win the state election

Victorian opposition pledges to scrap Breakthrough Victoria and sell its holdings if elected, claiming billions in savings; the piece recalls portfolio deals including a medtech rescue and Infleqtion's NYSE listing.

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2 deals

Viral infections biotech ENA Respiratory inhales $3 million from government fund

ENA Respiratory wins a $2.98 million grant from a government-backed biotech incubator to test its nasal antiviral in asthma patients, joining five other vaccine developers in the program's first funding round.

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4 deals

Expert360 founder and early investors miss out in $16 million exit

Talent marketplace Expert360 is set to be bought by Swipejobs at a $16 million valuation, with the founder and earliest backers reportedly shut out; the piece also recaps its funding history.

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2 deals

IVF startup GonGlobal raises $1.2 million for needle-free treatments

Biotech GonGlobal raised $1.2 million to make IVF treatment needle-free, backed by Innovation Victoria, RMIT and a private investor, after earlier support from LaunchVic's JumpStart Studio and the Alice Anderson Fund.

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2 deals

Energy network management platform Gridsight charges up on $36 million Series B

Sydney-founded Gridsight has banked a US$26 million Series B, with Insight Partners leading and Airtree, Galvanize, Energy Transition Ventures and Aera VC also taking part; cricketer Pat Cummins backed its previous raise.

Under AFR Technology ·leads this story in the feed

10 deals

Airwallex tips $1 million into 10 AI startups

Airwallex's inaugural Latitude 37 program has selected ten AI startups, each receiving $100,000 in non-dilutive cash alongside mentorship, connections and overseas travel.

Also Dealroom·Australian FinTech·fundedstartupsdaily.com

Unnamed stage $2.8b

OpenAI has handed out $5.5 million in startup credits in just 9 months

OpenAI's credits program for Australian builders has issued over $5.5 million in API credits, including to two school-age founders; Firmus secured $2.85 billion this month, and student startups Petrex and Workwise are profiled.

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4 deals

Pay.com.au banks $39 million Series E for US launch

Melbourne payments fintech Pay.com.au closes a US$28 million Series E to fund a United States launch under the PayRewards brand, adding to three earlier raises.

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7 deals

Blackbird nails 2nd $1 billion fund

Blackbird has locked in a second billion-dollar fund — its sixth, slightly bigger than the last — bringing in new institutional backers, and the article recalls portfolio wins, writedowns and failures.

Also Business News Australia

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Pre-seed $2m

AI-based science research startup Bower bags $2 million pre-Seed

Bower, a Gold Coast maker of AI smart glasses for laboratories, has raised a $2 million pre-seed round led by TEN13, with early customers including Mount Sinai Hospital and Southern Cross University.

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2 deals

The Big 3 VCs back robot testing startup’s $11.5 million Seed raise

Robot data analysis startup Alloy Robotics has raised $11.5 million in a seed round led by Square Peg, with Blackbird and Airtree participating, less than a year after a $4.5 million pre-seed.

Also SmartCompany

Under Blackbird Ventures portfolio ·leads this story in the feed

26 deals

WA government delivers $1.275 million in grants to 26 startups

Western Australia's government has awarded Round 8 Innovation Booster Grants totalling nearly $1.27 million across 26 startups, including Indigenous-founded, female-founded and regional founders, funding early-stage projects from health and agriculture to space.

Also Startup News (WA)

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4 deals

AI data centre startup Firmus just raised another $2.85 billion at a whopping $15B valuation

Firmus has secured a further US$2bn at a $15bn valuation from Coatue, Nvidia, Blackstone and Jane Street, taking its 12-month capital intake past US$3bn to fund Australian AI data centre projects.

Also SmartCompany·SmartCompany·AFR Technology·Business News Australia·This Week in Australian Startups·AFR Technology·SmartCompany·Startup Daily·Forbes Australia

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