Events

Cicada Innovations revives Rachel Slattery’s pioneering deep tech conference Tech23

- January 16, 2023 2 MIN READ

Sydney-based deep tech incubator Cicada Innovations has taken custodianship of the annual deep technology conference Tech23 from its founder, Rachel Slattery Tech23 launched 14 years ago, sharing Cicada’s focus on championing and supporting the deep tech startup sector. Slattery set out to create national community to support deep tech, connecting them with investors, advisers, government… Read more »

Chamil Fernando
Funding

Payments fintech Alii hits $10 million valuation with $2.5m pre-Series A raise

- January 16, 2023 2 MIN READ

Queensland software startup Alii has raised $2.5 million in a self-described pre-Series A round that values the business at $10.25 million. The round was led by Brisbane private wealth fund Maranello Capital, which previously invested in the seed round in 2021. The subscription software platform straddles fintech, edtech and regtech to deal with accounts payments… Read more »

Cattle at auction
Ag Tech

Livestock facial recognition startup Stoktake wants to solve a $105 million problem

- January 13, 2023 2 MIN READ

Stock theft – more organised crime than Jolly Swagman – costs Australian farmers more than $100 million a year. But a Melbourne software startup is hoping to address rustling, and other problems with livestock identification with a unique facial recognition system for animals. Z Ware has developed cattle recognition technology, called Stoktake, to not only… Read more »

Funding

Telstra Ventures backs renewables software startup OpenSolar in $22 million series B

- January 12, 2023 2 MIN READ

Australian-born US-based solar panel design and sales platform OpenSolar has raised US$15 million (A$22m) in a Series B. Telstra Ventures led the round, announced last month, with support from sustainability fund 2150 and existing investors including Jeff Tannenbaum’s Titan Grove and solar entrepreneurs Alec Guettel and Howard Wenger. The funds will be used to expand… Read more »

raining money
Venture Capital

10 things the law firm behind investment deals for Atlassian, Mr Yum & Linktree thinks will happen in VC this year

- January 12, 2023 4 MIN READ

Leading law firm Herbert Smith Freehills advises some of Australia’s most successful tech companies on investment deals, including Atlassian, Mr Yum, Carma, Sonder, Culture Amp, Linktree, Who Gives A Crap, :Different, Pearler and Instant Checkout. After the dramatic shift in venture capital in 2022 following an exuberant two years during the pandemic, HSF venture capital… Read more »

Richard White
Business

WiseTech’s billionaire founder, Richard White, snaps up regtech venture Kyckr

- January 12, 2023 2 MIN READ

Richard White, the Sydney-based billionaire founder of ASX-listed freight logistics business WiseTech Global, has acquired recently delisted data services company Kyckr. The deal is worth around $43.5 million, and was made throughWhite’s personal investment vehicle RealWise KYK AV Pty Ltd. Kyckr provides real-time Know Your Customer (KYC/KYB) and and Ultimate Beneficial Owner (UBO) data from… Read more »

Mike Cannon-Brookes
Business

The $30 billion Sun Cable project hits voluntary administration amid falling out between billionaire backers Mike Cannon-Brookes and Andrew Forrest

- January 12, 2023 2 MIN READ

A $30 billion project to send solar-generated power made in Australia to Singapore has been placed in voluntary administration (VA) amid a reported falling out between its key backers, the tech and mining billionaires Mike Cannon-Brookes and Dr Andrew Forrest. Cannon-Brookes and Forrest are cornerstone investors in Singapore-based Sun Cable – the Atlassian co-founder through his private… Read more »

Milo
Funding

Australian-founded communications startup Loose Cannon Systems raises $12 million in Series A

- January 11, 2023 < 1 MIN READ

A company that created a hands-free walk-talkie replacement for outdoor adventurers has raised A$12 million in a Series A, just months after shipping its first product. Loose Cannon Systems was founded by Peter Celinksi, the former CTO at Denon & Marantz, and was previously the founder of Avega Systems, which sold to Altec Lansing in… Read more »

Professor Anita Ho-Baillie
Climate Tech

Breakthrough solar panel startup SunDrive teams up with Sydney University on $2.78 million research project

- January 6, 2023 3 MIN READ

A University of Sydney Professor developing cutting edge solar technology has received $2.78 million in research funding from the Australian Renewable Energy Agency (ARENA) to commercial the idea in a partnership with Sydney startup SunDrive. Professor Ho-Baillie, the John Hooke Chair of Nanoscience at the university’s the School of Physics and Sydney Nano Hub, is… Read more »

Bodd cofounders Dave McLaughlin and Rob Fisher.
Funding

Advanced manufacturing startup Bodd raises $5 million

- January 5, 2023 2 MIN READ

Melbourne clothing tech statup Bodd has raised $5 million, as it looks to use its 3D body scanning technology for advanced manufacturing. The round. announced on Christmas eve, was led by retail entrepreneurs Candice and Nick Hirons, supported by a range of family offices and high-net worth figures. Bodd’s executive chairman, Tim Allison, who is… Read more »

Innovation Bay cofounders Ian Gardiner and Phaedon Stough.
Venture Capital

Innovation Bay is launching in Queensland and on the hunt for great local startups to back

- December 23, 2022 2 MIN READ

Angel investor community Innovation Bay is opening a Brisbane chapter  Horizon is moving to agnostic deal flow  Queensland founders can apply to pitch via Dealum Innovation Bay, the longest-running community for technology startups, scale-ups and investors in Australia and New Zealand, is launching in Queensland in 2023. Horizon, the 20-year-old organisation’s angel investor community, has… Read more »