Loam Bio
Funding

Climate change agritech Loam Bio raises $40 million in series A

- October 28, 2021 2 MIN READ

Decarbonisation startup Loam Bio, which uses microbes microbes to sequester carbon in farm soils, has raised $40 million in a series A. The round is led by Marc Benioff’s TIME Ventures. Other investors include Main Sequence Ventures, Horizons Ventures, the Clean Energy Finance Corporation, Acre Venture Partners, Mike Cannon-Brookes’ Grok Ventures, Lowercarbon Capital, and Fiona… Read more »

Startmate
Accelerator

Startmate ramps up early-stage startup valuations to $1.5 million, investing $120,000 in its next cohort

- October 27, 2021 2 MIN READ

Australian and New Zealand accelerator program Startmate is increasing the investment it makes in startups $75,000 to $120,000 as it goes on the hunt for its summer cohort. It’s also increased the valuations by 50% to $1.5 million, in a move that means the equity investment remains roughly the same, increasingly from 7.5% to 8.5%.… Read more »

Novalith, Steven Vassiloudis
News & Analysis

Lithium extraction startup Novalith raises $2.5 million seed round

- October 26, 2021 2 MIN READ

Novalith Technologies, a climate technology startup that’s developed a more environmentally friendly extraction process for lithium, has raised $2.5 million in a seed round. The raise was led by the CEFC’s Clean Energy Innovation Fund, which contributed $1.5 million. The US-based Jeremy and Hannelore Grantham Environmental Trust’s Neglected Climate Opportunities LLC also joined the round. Novalith… Read more »

Superhero, John Winters
Funding

Shares platform Superhero raises $15 million as it looks to expand into New Zealand and cryptocurrency

- October 26, 2021 2 MIN READ

Digital share trading and superannuation platform Superhero has raised $15 million in a new round to support international expansion plans. The round was led by Perennial Value Management and included other high-profile investors, including Regal Funds Management, Ophir Asset Management and Alex Waislitz’s Thorney Investment Group. The fresh cash injection follows a $25 million raise… Read more »

piggy bank broken
Fintech

The RBA is getting ready to move the goalposts on a key advantage for BNPLs – stopping retailers adding a surcharge

- October 25, 2021 3 MIN READ

The honeymoon is about to end for the buy-now-pay-later (BNPL) sector when it comes to the fees they charge retailers. As the likes of Zip, Afterpay and Humm have stolen market share from the credit card sector, one competitive advantage they had over alternative payment methods was the support of the Reserve Bank of Australia… Read more »

cyber security
Startup Daily on Ausbiz

Startup Daily TV: AustCyber’s Michelle Price on the best of Australian Cyber Week

- October 25, 2021 < 1 MIN READ

AustCyber’s annual Australian Cyber Week, began today, running October 25-29. The event offers a mix of virtual and in-person sessions focused on the Australian cyber security industry and local innovation. The full event schedule is here. Highlights include 10 companies pitching on October 27,  with viewers able to back them with virtual dollars and vote for… Read more »

Byron Bay
Cryptocurrency

Bitcoin mining is coming to Byron Bay

- October 25, 2021 2 MIN READ

The NSW tourism hotspot of Byron Bay is set become home to the nation’s largest Bitcoin mining operation following a deal to power the data centre using renewable energy. Nasdaq-listed digital infrastructure provider Mawson Infrastructure Group’s Byron 20MW mine – that’s enough power for around 6500 homes – will begin operations this week its first… Read more »

Dan Draper
Funding

Cyber security startup CipherStash raises $3.3 million in seed round

- October 22, 2021 2 MIN READ

Encryption technology startup CipherStash has raised $3.3 million in a seed round as it looks cracking the US market.  The round was led by AirTree and US VC Nexus Venture Partners, supported by Linktree CTO Zak Islam,Threatmatric co-founder Alisdair Faulkner and Buildkite’s Keith Pitt.  The startup is an end-to-end, searchable encrypted data storage platform. It… Read more »

Elizabeth Williams, Kate Lomas
Funding

A revolutionary cochlear hearing startup has raised $10 million in a series A

- October 22, 2021 2 MIN READ

Hearing technology Hemideina has raised $10 million series A. New cornerstone investors in the round include Escala Partners, InterValley Ventures and Geoni Capital. The funds are to build the team and technology development program, with one eye on a potential IPO down the track. Research scientists Dr Kate Lomas and Dr Elizabeth Williams founded their… Read more »

Michelle Price
Cyber security

AustCyber CEO Michelle Price on how to protect your startup against cyber threats

- October 22, 2021 4 MIN READ

AustCyber’s annual Australian Cyber Week, kicks off on Monday running October 25-29. The event offers a mix of virtual and in-person sessions focused on the Australian cyber security industry and local innovation. The full event schedule is  here. Ahead of Australian Cyber Week, we spoke to AustCyber CEO Michelle Price about how everyone needs to think about… Read more »