Applications for a new $7 million Quantum Computing Commercialisation Fund launched by the NSW government are open for the next two weeks for applications. Grants of between $200,000 to $4 million are available for projects involving quantum computing hardware and/or software in NSW. The program is being run through the office of the NSW Chief… Read more »
Brisbane fintech Bloom Impact Investing has raised $525,000 in seed round co-led by Up bank cofounder Dom Pym, with the founders of Envato, Collis and Cyan Ta’eed, doubling down on the investment app. In a sign of the realigned times, the funding is less than Bloom’s $675,000 pre-seed raise in October 2021. That round was… Read more »
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 »
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 »
Northern NSW subscription butcher service Our Cow has snapped up the brand and other assets of failed Sydney grocery delivery startup Voly. The deal was finalised before Christmas, ahead of a second Voly creditors meeting on December 23. Our Cow bought the database, app and brand, hoping to grab a bigger slice of capital city… Read more »
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 »
Perth veterinary tech startup Vedi has raised $3 million as it looks to become the pet version of the federal government medical database My Health Record. The funds came from two international investors, with MSD Animal Health, a division of Merck & Co., once again backing Vedi, joined by pet-focused New York VC Companion Fund,… Read more »
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 »
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, 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 »
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 »
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 »
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 »
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 »
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 »
Bill Gates, Twiggy Forrest back livestock emissions reduction startup Rumin8 in $17 million Seed top up
Investors in Milkrun hunt for a buyer as the last local grocery delivery standing struggles in hunt for fresh cash
Furniture startup Brosa to fold leaving customers $5 million out of pocket
Logistics giant Wisetech Global just gobbled up another tech startup for $327 million
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