Funding

e-waste recycler Sircel pockets $5 million raise amidst acquisitive mood

- July 11, 2024 2 MIN READ

The country’s largest e-waste processor, Sircel, has banked $5 million from impact investor Kilara Capital to tackle solar panel recycling amid national ambitions. The Sydney startup, founded in 2018, grew rapidly in May when it acquired venture-backed Victorian recycler Scipher Technologies, including its solar panel recycling plans, for $5 million, after it collapsed into administration… Read more »

Mac Thompson and Dr Luke Marshall
Funding

Sun Cable OGs raise $1.7 million Seed round for their carbon removal & recycling startup, Fugu

- July 9, 2024 3 MIN READ

Sydney startup Fugu Carbon has raised $1.67 million in a Seed round to ramp up production of its low-cost CO2 capture technology. The round was led climate tech-focused Sydney VC Investible, with support from Andrea Gardiner’s Jelix Ventures, as well as Melbourne climate tech fund Electrifi, and Counteract, a London-based VC specialising in carbon removal.… Read more »

KC8 Capture Technologies
Funding

Decarbonisation startup captures $10 million raise

- July 9, 2024 2 MIN READ

A Melbourne startup developing carbon capture technology for hard-to-abate industries has raised $10 million. KC8 Capture Technologies, founded in 2021, was backed by local energy giant Woodside, and the VC arm of Mexican cement producer Cemex, among others. The funding is earmarked for team expansion and deploying the technology in sectors such as construction, steel,… Read more »

Eraring power plant
Business

Energy giant Origin grabs a chunk of power consumption reduction startup Climatech Zero

- July 2, 2024 2 MIN READ

Power giant Origin Energy has taken a 20% stake in six-year-old energy management startup Climatech Zero for an undisclosed sum. The business was spun out of the merger of Sydney mechanical services (ie. air conditioning, heating, ventilation and plumbing) design and construction firm Climatech Group and Irish sustainability software business CoolPlanet, in 2018 before rebranding… Read more »

energy
Climate Tech

Global investors are fighting for a slice of Australia’s $7bn green bond. Here’s why that’s a good news

- June 17, 2024 3 MIN READ

You might think government debt is bad, but it actually plays a crucial role in modern finance. Back when he was treasurer, Peter Costello famously declared that April 21 2006 would be known as Australia’s “Debt Free Day”. On this day, he proclaimed, the Commonwealth would eliminate its net debt and “pay off the mortgage”.… Read more »

Diana Callebaut
Venture Capital

Queensland backs impact VC Pollination’s $150 million fund for climate solution startups

- June 6, 2024 2 MIN READ

The Queensland government is backing in specialist venture capital firm Pollination in a new fund for local climate and nature technology startups. Pollination’s Climate and Nature Impact Venture Fund has kicked off with the Queensland Investment Corporation (QIC) as cornerstone investor through the Queensland Venture Capital Development Fund (QVCDF).  It’s been a busy week for… Read more »

Funding

Kiwi alt protein startup Jooules chows down on NZ$1 million Seed raise

- May 17, 2024 2 MIN READ

New Zealand fermented proteins startup Jooules has raised NZ$1 million (A$920k) from local accelerator and investor Sprout Agritech. Jooules is among eight NZ$1m investments Sprout has made, with additional funding from partners US-based Finistere Ventures, dairy firm Fonterra and venture builder OurCrowd, as well as the Callaghan Innovation’s Deep Tech Incubator program. Other recent NZ$1m… Read more »

hysata
Funding

Green hydrogen startup Hysata pockets record $172 million Series B

- May 9, 2024 2 MIN READ

Wollongong-based electrolyser startup Hysata, which is developing production methods for low-cost green hydrogen, has raised $172 million (US$111.3m) in a Series B, a record for clean tech in Australia. The round was co-led by the venture arm of oil industry giant bp, and Investec’s Hong Kong-based  alternative investment firm Templewater, with both chipping in US$10m (A$15.2m).… Read more »

Andrew Pedley
Accelerator

Startmate Demo Day: Carbonaught is transforming farm fertilisers and carbon reduction using volcanic rock

- May 7, 2024 5 MIN READ

Startmate held Demo Day for its summer 2024 cohort at Blackbird’s Sunrise in Sydney last week and Startup Daily is profiling the 10 startups involved. Today it’s Carbonaught, which is using basalt rock as fertiliser for farmlands The global food system is broken, and the challenges on our horizon are even harder to swallow. In… Read more »