Sydney-founded startup Propeller Aero has raised $10 million in a Series A round led by existing backer Blackbird Ventures, with participation from other existing investors and newcomer Sequoia China.
Australian VC firm Blackbird Ventures has announced the closing of its third fund, raising $225 million from the likes of Hostplus and the Future Fund.
Long-running accelerator program Startmate has opened applications for its 2016 intake, this year upping its funding offering for participants by 50 percent to $75,000 and bringing on four new partners to help mentors provide dedicated guidance and advice to startups.
Crowdsourced security testing startup Bugcrowd has announced the raise of a US$15 million (AUD$19.2 million) Series B round led by Blackbird Ventures.
Startmate, a Sydney-based startup accelerator programme that has one of the highest startup success rates, has announced today that it will invest up to $150,000 into its next batch of startups. It has also partnered with creative agency Droga5 to help 2016 participants with storytelling, a struggle for many founders with promising products.