Victorian startup Diversity Atlas, a diversity, equity and inclusion (DEI) data analytics platform, has raised $6 million in a bridge round. The capital came via Canadian impact investment platform Gener8 VC. The Melbourne-based startup is looking to double the size of its current team of 35 as it expands into new markets in the EU and… Read more »
Clean energy startup MGA Thermal, has raised an additional $5.7 million to develop its thermal energy storage (TES) system. This round was backed by existing investors including Main Sequence and Melt Ventures with specialist clean tech investor JEKARA joining the cap table. The new capital tops up an $8 million in September last year. MGA Thermal has… Read more »
Away from the VC mega-round headlines or the hard stories of founders who can’t raise capital at any price, is the solvable problem of how much money a new founder should raise. I’ve participated in hundreds of investments where founders have opted for different answers to this question, and watched the consequences unfold over the… Read more »
‘Have I gone too far?’ How founders can beat their startup demons 
Why the $2.43 billion Canva share sale is an epic moment for Australian tech 
Smart hotels get even smarter: 72 Byte to launch in Australia with AI expert backing 
Eucalyptus head of growth Matt Rossi departs to launch his own marketing startup, Oodle 
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Business strategy
Away from the VC mega-round headlines or the hard stories of founders who can’t raise capital at any price, is the solvable problem of how much money a new founder should raise. I’ve participated in hundreds of investments where founders have opted for different answers to this question, and watched the consequences unfold over the… Read more »
Funding
A startup turning agricultural waste into activated carbon, which is used to filter environmental toxins, has raised $2.6 million in a Series A. Government-backed investment fund Breakthrough Victoria chipped in $1 million, joined by VCs Alberts Impact Ventures, Investible, Artesian and Startmate. The funds will support the testing and establishment of Bygen’s large-scale production plant,… Read more »
AI/Machine Learning
China’s Qitian Dasheng Network Technology is expanding its 72 Byte AI System for smart hotels and commercial buildings into Australia, with the help of a local AI expert. Launched in 2014 by entrepreneur Qi Wu (Allen), the Beijing and Shanghai-based company’s AI-powered IoT services are used by some of China’s leading hotel and real estate… Read more »
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