Ledger. Australian venture funding, tracked

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TechCrunch Australia

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The most recent 60 of 133 articles we hold from TechCrunch Australia.

3 deals

TechCrunch Mobility: Uber everywhere, all at once

Mobility newsletter roundup: Uber's robotaxi deal with Rivian, Nvidia's automaker partnerships, Advanced Navigation's Series C, other startup raises, and acquisitions including Amazon's purchase of robotics startup Rivr.

Under OIF Ventures portfolio ·leads this story in the feed

10 deals

Startups Weekly: Different paths on the road to liquidity

Weekly roundup covering several startup acquisitions, a clutch of venture rounds across AI and other sectors, a Clay employee share sale, and Marathon Venture Capital's new fund close.

Under TechCrunch Australia ·leads this story in the feed

2 deals

Fleet Space raises $100M to scale satellite-enabled mineral prospecting tech

Adelaide satellite company Fleet Space has banked a $100 million Series D, with Teachers' Venture Growth leading and a $525 million valuation, to grow ExoSphere, its space-based mineral exploration platform.

Also TechCrunch Australia·spaceexplored.com

Under Bondi Partners portfolio ·leads this story in the feed

2 deals

Bill Gates-backed Type One Energy lands massive seed extension to commercialize fusion power

Fusion startup Type One Energy has pulled in a $53.5m extension to its seed round, led by Breakthrough Energy Ventures with Foxglove Ventures and GD1 taking part, to accelerate its stellarator reactor plans.

Also Forbes Australia

Funding announcement

Canva acquires Leonardo.ai to boost its generative AI efforts

Canva has bought Sydney-based generative AI startup Leonardo.ai, price undisclosed, taking on its 120 staff; Leonardo keeps operating separately. The piece also recalls Canva's earlier acquisitions and Leonardo's backers.

Under Skalata Ventures ·leads this story in the feed

2 deals

Samsara Eco is working to replace plastic packaging with fossil fuel-free alternatives

Australian enzymatic plastics recycler Samsara Eco raised a large all-equity round led jointly by Temasek and Main Sequence, with Lululemon among other backers, funding new recycling facilities and team growth.

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

Under Virescent Ventures portfolio ·leads this story in the feed

Funding announcement

Australian space startup Esper wants to build hyperspectral sats for cheap

TechCrunch profile of Esper, an Australian startup preparing low-cost hyperspectral satellites, recalling its $1 million pre-seed close, grants from a foundation and the federal government, and a Techstars accelerator stint.

Seed $2m

Yume's platform helps manufacturers turn potential food waste into money

Melbourne food-waste startup Yume announced a A$2 million seed round from Investible's Climate Tech Fund, Launch VIC, Goodrich Group, Veolia and angel Pitzy Folk, bringing its total funding to A$7 million.

Also SmartCompany·Startup Daily·Forbes Australia·SmartCompany·SmartCompany

6 deals

Australia's climate tech industry is booming, but it could bust without funds

Feature on Australia's fast-growing climate tech sector, recounting raises at companies including Neara, Loam Bio, Goterra and Great Wrap, and warning that scarce growth capital and limited foreign investment could stall the industry.

Under Virescent Ventures portfolio ·leads this story in the feed

Funding announcement

Linktree acquires link-in-bio platform Koji in its second investment of the year

Linktree has bought rival link-in-bio service Koji from owner GoMeta for an undisclosed sum, its second such purchase of 2023 after acquiring Sequoia-backed Bento in June; Koji's product sunsets in January.

Also Startup Daily·Startup Daily·TechCrunch Australia·TechCrunch Australia

Under Startup Daily ·leads this story in the feed

Series A $15m

Relevance AI’s low-code platform enables businesses to build AI teams

Relevance AI, an Australian startup whose low-code platform assembles AI agent workforces, has banked a Series A round with King River Capital at the helm; Surge, Galileo Venture and Insight Partners also joined.

Under Skalata Ventures ·leads this story in the feed

undisclosed US$31m

Sydney-based generative AI art platform Leonardo.Ai raises $31M

Leonardo.Ai, a Sydney-based AI art platform, has raised $31 million US from Blackbird, Samsung Next and other backers, money it will put toward its enterprise push and hiring.

Also mediaweek.com.au·inaitoday.com·Forbes Australia·ARN (ARNnet)·Forbes Australia·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Forbes Australia

2 deals

Avarni gets backing to help large enterprises hit their net-zero goals

Sydney carbon accounting startup Avarni raised an A$2.5 million extension round from Main Sequence, Sprint Ventures and AfterWork Ventures, following a $3 million round in November 2022, to help enterprises track supply-chain emissions.

Under Afterwork Ventures portfolio ·leads this story in the feed

Seed $1.3m

Refilled wants to save 100 million plastic bottles from the landfill

Sydney startup Refilled has raised a A$1.3 million seed round, with Melt Ventures leading and Envato's Ta'eed brothers among backers, to scale refill stations that cut single-use plastic; Google is already a customer.

Also Startup Daily·SmartCompany·Forbes Australia

Series A $10m

Blackbird backs Heidi Health’s AI platform for overworked doctors

Melbourne healthtech firm Heidi Health has pulled in A$10 million Series A capital, headed by Blackbird Ventures, to grow its AI scribe that lightens clinicians' documentation workload.

Also SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany

2 deals

Darwinium brings digital security and fraud prevention to the perimeter

Fraud-prevention startup Darwinium, built by ThreatMetrix's co-founders, has announced an $18m Series A backed by USVP; the piece also recalls its 2022 seed round and ThreatMetrix's 2018 sale to LexisNexis.

Under Forbes Australia ·leads this story in the feed

Fund close $13.5m

ALIAVIA Ventures fights gender funding inequalities in the US and Australia

ALIAVIA Ventures has closed its debut fund at A$13.5 million. The US-based firm backs female founders bridging Australian and US markets; backers include Carol Schwartz, Tattarang, the Denholms, Euphemia, Dom Pym and Cynthia Scott.

Also SmartCompany·Forbes Australia·TechCrunch Australia

7 deals

Meet Marqo, an open source vector search engine for AI applications

Melbourne vector-search startup Marqo has announced a $4.4 million seed round, with Blackbird Ventures leading and Creator Fund, January Capital and Cohere's co-founders also in; the piece recalls its pre-seed and rivals' raises.

Also Blackbird Ventures portfolio

Under Blackbird Ventures portfolio ·leads this story in the feed

3 deals

Main Sequence hits first close of $450M AUD for its third deep tech fund

Australian deep tech venture firm Main Sequence announced the first close of its third fund at A$450 million, backed by new and returning limited partners, with plans to complete the raise by year-end.

Under Main Sequence Ventures portfolio ·leads this story in the feed

Pre-seed $3m

One Future Football's virtual worldwide soccer league launches with backing from Blackbird

Melbourne virtual soccer league One Future Football launched and announced a $3 million pre-seed round led by Blackbird Ventures, with several athlete investors participating.

Also SmartCompany·SmartCompany·Startup Daily

2 deals

Australian clean tech Endua fixes renewable energy's intermittency problem

Australian hydrogen startup Endua raised AU$11.8 million from QIC, Melt Ventures, 77 Partners, Main Sequence and Ampol to scale modular hydrogen power banks that store surplus renewable electricity for later use.

Also SmartCompany·SmartCompany·@AuManufacturing

Unnamed stage

‘Infinite recycling’ startup Samsara Eco partners with Lululemon

Enzyme-based plastics recycler Samsara Eco announces a multi-year partnership with Lululemon, which makes an undisclosed minority investment, its first in a recycling company.

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

3 deals

Go1 snaps up speed reading app Blinkist to expand in enterprise learning

Australian learning platform Go1 is buying Berlin's Blinkist to grow its corporate training offering; deal terms are undisclosed, though Blinkist backer Insight Partners is taking $30 million of Go1 equity alongside the purchase.

Also SmartCompany·Techboard

Under OIF Ventures portfolio ·leads this story in the feed

Unnamed stage $10m

Cortical Labs raises $10M for its Pong-playing stem cells that eventually could power AI

Australian biotech startup Cortical Labs has raised a $10 million round led by Horizons Ventures to develop neuron-based biological computing, with several venture firms participating.

Under Startup Daily ·leads this story in the feed

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