Melbourne medtech startup Nutromics has raised US$14 million (A$20.5m) for its wearable diagnostic platform as it looks to ramp up its expansion in Australia and the US. The round was led by the venture arm of US medical device company Dexcom alongside VU Venture Partners, and Artesian Investments. Nutronics has now raised more than US$20… Read more »
Australian Sports Technologies Network (ASTN) has shaken up its executive leadership team with founder James Demetriou taking a back seat after more than a decade of championing local sportstech Demetriou, ASTN’s chair and a former Essendon Bombers player and board member, will move into the role of Executive Director of Commercialisation and Partnerships for the… Read more »
New Zealand employee experience design startup Excellent has raised NZ$2 million in a pre-Seed round. ANZ VC Blackbird Ventures led the round, supported by Icehouse Ventures, Sir Stephen Tindall’s K1W1 ), and several other founders, including Sharesies founders Brooke and Leighton Roberts, Phase One Ventures CEO Mahesh Muralidhar, Joyous cofounder Mike Carden, Groov CEO Adam… Read more »
Women are seen as a key part of the federal government’s target of 1.2 million tech-related jobs by 2030, with industry and science minister Ed Husic announcing a review into greater female participation and diversity in the science and technology sectors. Husic has ordered a review by his Department into existing government programs supporting diversity,… Read more »
Investors in OIF Ventures have given the Sydney VC a ringing endorsement pouring another $140 million into its third fund – $40 million more than the original plan. A majority of Fund III’s capital came from existing investors in OIF Ventures Fund I and Fund II, which includes ASX-listed company execs, family offices and high… Read more »
The Australia government will offer 6,800 extra permanent migration places for tech sector workers as part of a major boost to migration this financial year. Immigration, citizenship and multicultural affairs minister Andrew Giles announced the increase during the Jobs and Skills Summit last Friday. An extra 35,000 people will be accepted in 2022-23 taking the… Read more »
Cricketing Hall of Fame batsman Kumar Sangakkara has cofounded an esports platform that’s raised US$2.5 million (A$3.2m) in Seed funding to play sport in the metaverse. The round was led by new Singapore-based investment firm Hangar X, plus several sports and web3 investors, including US-based Nucleus Advisors founder Jordan Waxman, Perth-based 5point8 Capital director Mark D’Alessandro… Read more »
Queensland biotech startup Ellume Health, which last year won a $300 million US government contract to supply Covid home testing kits, has placed its Australian business in voluntary administration. FTI Consulting were appointed as administrators of Ellume Ltd on Thursday. In a statement from FTI, administrators John Park and Joanne Dunn said Ellume’s directors appointed… Read more »
Australia’s local quantum technology leaders have united with some of the biggest names in global tech to form new industry group for the sector. The Australian Quantum Alliance (AQA) will sit under peak body the Tech Council of Australia to promote and connect the local quantum ecosystem. AQA founder and CEO, Vikram Sharma, founder of QuintessenceLabs,… Read more »
Lobby group The Tech Council of Australia (TCA) is looking to take the battle up to Singapore, China and Japan in making Australia the regional tech hub for the Asia-Pacific region, attracting global players to the country. A new report commissioned by the TCA, Turning Australia into a Regional Tech Hub, outlines the existing strengths… Read more »
Small business carbon footprint measurement startup NetNada has raised $200,000 in Seed funding from Skalata Ventures to make reporting easier and more affordable for SMEs. The backing from Paul Little and Darrell Wade’s Melbourne VC comes amid a shift in focus from bi-annual cohorts to now invest in up to 5 early-stage companies per month, on… Read more »
Sydney martech startup LUMOS has raised $800,000 in an oversubscribed pre-Seed round as it looks to carve out a new niche in the advertising industry. The raise was backed by Claremont Capital, Dorcas Capital and angel investors including Imprint Capital Partners partner Curt Shi, Beames Capital partner Hugo de Jong, Metagrove Ventures managing partner Barry… Read more »
Brisbane startup Midnight Health has taken on a $12 million Series A investment from health insurer, nib, which values the 18-month-old healthtech brand builder at $48 million. The latest backing follows on from a $4 million initial investment from nib in November 2021. The fresh capital is earmarked towards technology investment, more staff, new product… Read more »
Ambit, the conversational artificial intelligence platform, has raised NZ$1M to accelerate expansion into Australia where it is targeting new clients in the retail, utilities and financial services sectors. The capital raise attracted new investors including Quidnet Ventures, a New Zealand deep tech VC founded by Mark Bregman, PhD, a former CTO of global firms NetApp,… Read more »
Sydney-based Devicie has raised $14 million in a Series A to expand offshore with its end-user device security management software. The round was led by New York VC giant Insight Partners, supported Australian cyber security services provider CyberCX. Devicie previously raised $1.3 million in Seed capital from angel investors and the cybersecurity venture accelerator program… Read more »
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