The Australian non-profit Ocean Impact Organisation (OIO) is launching an Ocean Impact Accelerator Program and VC fund to back startups with solutions to transform the health of the seas. OIO has already seen startups and entrepreneurs in 45 countries contact them via programs such as the Ocean Impact Pitchfest, Ocean Impact Ideation Program and the HP… Read more »
A new report from the Tech Council of Australia (TCA) reveals the tech industry is fast becoming the sector of choice for people looking to kick-start a new career. The report, Australia’s Tech Jobs Opportunity – Cracking the Code to Australia’s Best Jobs, highlights the unique opportunities offered by tech jobs which are diverse, flexible and well… Read more »
Hunter-based smart maintenance tooling manufacturer Safe Gauge has raised $1.6 million in angel investment. A syndicate of more than 30 investors from Sydney Angels contributed, making it the largest group for a single syndicate in Sydney Angels history. Founder and Managing Director Luke Dawson said he had to prove his worth in a three-step pitching… Read more »
Brisbane drone mapping and data analytics startup Emesent has raised US$23 million (A$32m) in a Series A to fuel its global ambitions. The round was led by local firm Perennial Partners, with international investors Tiger Global and TELUS Ventures. Seed round investors Main Sequence and Archangel Ventures also chipped in. Co-founder and CEO Dr Stefan… Read more »
Australian proptech venture PropHero has raised $1.6 million seed round for its property investment platform. The round was led by GFC Global Founders Capital and supported by AfterWork Ventures, Jelix Ventures and The Fund. The cash is earmarked to improve the company’s data models and digital customer experience, key hires, and to expand the footprint nationally across Australia… Read more »
From walking the earth to scanning it from space, 24 Australian manufacturers have received grants from the federal government to help bring their ideas to reality. The latest round of 24 co-invested projects under the Advanced Manufacturing Growth Centre-managed Commercialisation Fund will see the local manufacturing industry contribute more $32.4 million in funding alongside the Federal… Read more »
Small business HR platform Employment Hero has raised $181 million in a round that values the tech company at $1.25 billion. Existing backer SEEK Investments led the raise, supported by Sydney VCs OneVentures and AirTree. The new cash pushed the value of the business up by $450 million following a $140 million Series E raise… Read more »
Enterprise risk management software company announced Protecht Group Holdings has raised $42 million in a Series A. California growth equity firm Arrowroot Capital backed the SaaS company. The cash injection will be used to accelerate new features in Protecht’s products, maintain and expand customer service and continued global expansion. Based in Sydney, and founded in… Read more »
A Melbourne startup producing “cheese” using fermented proteins, without cows involved, has raised an extra $16.9 million for a $21.5 million seed round. Change Foods creates dairy proteins, known as caseins, and the cornerstone of dairy cheeses, using fermented microbes to create animal-free cheeses. The business is still some way from hitting the plate, with… Read more »
Sydney-based motorcycle technology startup Forcite is on track to raise $6million in a Series A as the company enters the final day of its equity crowdfunding campaign on Equitise. With around 10 hours left in the campaign before it closes at 9pm on Weds, February 16, Forcite has raised $1.15 million from investors towards a… Read more »
Carbar has raised $28.9 million in a funding round led by IAG and Seven West Media. IAG, Australia’s biggest insurer, already has a majority stake in digital car subscription and trading startup Carbar following a $16.8 million raise in 2019. Founded in Melbourne in 2016 as a virtual car dealership, Carbar now has 80 employees… Read more »
NASDAQ-listed Australian software venture Atlassian is looking at moving its parent company from the United Kingdom to the US. Atlassian (NASDAQ: TEAM) announced last week that it had undertaken an exploration of redomiciling the parent holding company across the Atlantic. The workplace collaboration software business originally set up in the UK in 2014 ahead of… Read more »
The administrators of women-only rideshare business Shebah say the startup has been saved from collapse. The Melbourne startup Shebah was placed in voluntary administration last October, a victim of ongoing lockdowns during the Covid pandemic. Shebah founder Georgina McEncroe tried to find new investors to ride out the pandemic, especially after revenues plummeted 70% due… Read more »
Woolworths Group’s venture capital fund, W23, has tipped fresh millions into alternative protein startup, All G Foods The actual size of the investment was not disclosed, instead being described as “a further multi-million injection of capital” in a media release. The Sydney-based alternative proteins startup previously raised $16 million in a seed round in September last… Read more »
Investors in HR Reejig have doubled down on the skills analysis startup just four months after last October’s $6 million series A, tipping in another $15 million to take the total raise to $21 million. October’s round was led by Kim Jackson’s Skip Capital, with participation from Airtree Ventures; Culture Amp’s Didier Elzinga and his… Read more »
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