Perth venture capital firm Purpose Ventures has demonstrated there’s plenty of cash in the west to back local startups, raising $37 million towards a $40 million target in just six weeks. The VC opened its fund to investors on February 8 – the midst of the Silicon Valley Bank collapse and attracted $37 million in… Read more »
HubSpot is the latest company to move into the corporate venture capital space, building on its handful of investments with the launch of a dedicated US$30 million ($41.5 million) fund.
Australian VC firm Blackbird Ventures has announced the closing of its third fund, raising $225 million from the likes of Hostplus and the Future Fund.
Tempus Partners has announced the establishment of ‘Tempus Fund 2’, a $40 million fund with which it will look to invest in local B2B and scalable startups.
Trend Micro has announced the launch of a $100 million corporate venture fund designed to support emerging tech markets, with IoT one of the key focuses.
The federal government has announced that it will be investing $500 million to improve Australia’s space-based surveillance and intelligence capabilities.
The NSW government’s Committee on IIRD has announced that it will be conducting an inquiry into how to grow the state’s regional startup ecosystem.
National Australia Bank has led a US$24 (AU$32) million Series D round for Toronto-based cloud accounting startup Wave through its VC fund, NAB Ventures.
Scaleup Mediafund, a fund providing media ad inventory for equity, has announced food ordering and payments platform Hey You as its latest investment.
Intelledox has announced the closing of a $4 million, which will be used to accelerate the business’s global expansion and build out its software product.
H2 Ventures has announced that it will be expanding its flagship H2 Accelerator program to support data and AI startups across Australia and New Zealand.
Reinventure has announced the appointment of Kara Frederick as General Partner, to strengthen its ability to help Aussie fintech’s expand into the US.
Prospa has announced the closing of $25 million in funding led by AirTree Ventures, which will be used to help the business grow its technology and team.
NAB has partnered with healthtech startup Medipass Solutions to develop a new healthtech platform that will integrate the bank’s HICAPS system.
The Government has announced it is set to open a new office for the CSIRO in San Francisco in order to boost the organisation’s engagement with the US.
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