Drone delivery venture Swoop Aero has raised $16 million in a Series B as it looks to expand into new markets. The round was led by the CSIRO’s VC fund Main Sequence, with support from Melbourne impact fund Giant Leap and US investor In-Q-Tel, the defence tech investment arm of the CIA. Artesian and Folklore… Read more »
Brisbane-based online corporate training marketplace GO1 has seen its valuation double to US$2 billion (A$2.8bn) after raising an additional US$100 million. The raise saw newly created Sydney edtech investment fund Five Sigma sign on as a new investor, with existing backers, including AirTree Ventures, Blue Cloud Ventures, Madrona, Salesforce Ventures, and SoftBank Vision Fund 2… Read more »
Three female-founded venture capital firms have teamed up to form WinVC, an initiative focused on fostering the success of women in the VC industry. The triad involves the founders of Woolworths’ venture capital fund W23, OneVentures and Jelix Ventures. Amid an ongoing debate around female participation in the investment community, women-led VC firms now make… Read more »
Adtech startup Veridooh has raised $5 million in a Series A as it looks to expand offshore. The round was led by EVP and partner Dan Szekely will join the Veridooh board. Jelix Ventures, Saniel and Gravel Road also participated. It’s the company’s first external funding after launching in 2019. Veridooh’s platform is designed to… Read more »
SBE Australia, the not-for-profit startup accelerator and advisory group for women-led businesses, has opened nominations and entries for the 2022 Impact Awards for female entrepreneurs. Nominations are only open until June 15, with entries closing on July 3. The finalists will be announced on July 19 and the awards announced at a gala dinner in Sydney… Read more »
Sydney scaleup SafetyCulture’s ongoing strategic investment and acquisitions plan has seen today announced a AU$3M investment into Australian data and IoT software company, Inauro. Inauro was launched in 2020 by co-founders Craig Kesby and Angus Kennard to realise the value of internet of things technology across industrial applications and improve everyday operations. IoT devices produce a vast… Read more »
This week marks 100 years since a famous piece of tech fashion, the puffer jacket, was developed by an Australian innovator. George Finch was born in regional NSW in 1888, but soon became a man of the world, studying science in Switzerland, the medicine in Paris. He became a chemist and was awarded an MBE… Read more »
Every week on the Startup Daily TV show, we talk to more than two dozen founders, CEOs, investors and experts about what’s happening in tech. Now you can catch the best of the show with the weekly podcast, SUDS. Welcome to the new, improved SUDS! We’ve tweaked the format and each week host Simon Thomsen will… Read more »
Twitter pugilist Elon Musk has a new war to fight on the micro-blogging site he’s buying. After ordering his executives back into the office for a “minimum” of 40 hours a week via email, Musk followed up with an all staff email saying “If you don’t show up, we’ll assume you’ve resigned”. Taking a dig… Read more »
Melbourne oral hygiene startup Pearlii has raised $1.5 million in a fresh round to bring free dental check-ups to regional Australians. The round came from BRC Capital and follows a previous $1.25 million investment from Indigenous Capital Limited and Justin Liberman in November 2020. Pearlii’s app uses artificial intelligence to scans selfie photos of a… Read more »
Healthcare superannuation fund HESTA has revealed that it chipped in $4.4 million to a $35 million Series B for Sydney biotech startup Inventia Life Science. The deal marks the first direct investment made by a super fund into an early-stage startup. The industry has previously tipped their cash into venture capital funds, with the VCs… Read more »
The new head of the CSIRO’s National AI Centre, Stela Solar, is doing a lap of the country to hear from industry and founders on the barriers and opportunities for Australia’s growing artificial intelligence ecosystem. The tour will spans five states and she will meet with a cross-section of industry, research, and business leaders in… Read more »
Tesla CEO Elon Musk has ordered his company’s executives back to the office for at least 40 hours a week or they should leave the business. In a leaked email titled “Remote work is no longer acceptble” [sic], Musk began: “Anyone who wishes to do remote work must be in the office for a minimum… Read more »
Labor’s key point guard on tech, Ed Husic is the nation’s new industry and science minister at Cabinet-level in the new federal government. Prime minister Anthony Albanese unveiled his new ministry on Tuesday and they were sworn in on Wednesday morning. Husic was appointed shadow industry minister in early 2021, and his appointment has been… Read more »
While most of the world’s attention is focused on electric vehicles, a Swedish startup is transforming boating in the same way Tesla has cars. Candela builds “flying electric boats” – speedboats that foil – and this week introduced a passenger boat, Candela P-8 Voyager, they hope will transform the Venice motoscafi (water taxis), not only… Read more »
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