Cell-based meat production startup Vow Foods has raised $7.7m (US$6m) in a seed round led by Square Peg Capital, alongside Blackbird Ventures, Grok Ventures and new investor Tenacious Ventures. James Tynan from Square Peg will join Vow’s board. The cellular agtech startup, based in Western Sydney, began with lab-grown meat from pork and kangaroo cells… Read more »
The startup scene is unrelenting, with thousands of innovators and big thinkers competing for relevance and jostling for funding in an industry where competition is high and business life-expectancy is low. In what is a volatile industry, there are two ways in which these businesses operate. The first approach is more orthodox, marked by the… Read more »
Former Westpac boss Brian Hartzer and climate campaigner Simon Sheikh back carbon neutral startup Pathzero
Sydney software startup Pathzero, which launched in the middle of the Covid-19 lockdowns through the Antler Australia program, has raised $1 million in a seed round. Antler, Black Nova Group and senior business figures including former bank boss Brian Hartzer, climate campaigner, Simon Sheikh, and former Australian Ethical Investment CEO Phil Vernon, as well as two… Read more »
SME online lender Capify has raised $14 million in an equity round with the Goldman Sachs Merchant Banking Division continuing to back the fintech through its existing credit facilities. The investment – Capify’s first, having landed a $135 million credit facility from Goldman Sachs in 2019, marks a return to lending for the fintech after… Read more »
Airwallex has topped up its US$160 million (AU$254m) series D raise from April with an extra US$40 million ($57m) with Skip Capital, the family investment fund run by Kim Jackson with her husband, Atlassian co-founder Scott Farquhar. Regular backer Square Peg Capital also returned for the latest cash injection, which continues to value the… Read more »
Keeping track of all the things kids get up to outside of the classroom is one of the biggest juggles parents and educators face, but a new startup, which just raised $850,000 from startup VC firm Jelix Ventures, is well on its way to solving that problem. Software venture Clipboard, founded in late 2017 by… Read more »
CHARTS: Global startup funding in the post-coronavirus era fell hard, but is already showing regrowth
Venture capital (VC) funding for startups has fallen by around 20% since December 2019 as the covid-19 pandemic smashed the global economy, but the impact is unevenly distributed according to new research from Startup Genome. The California-based analytics firm’s latest report into global startup funding, the first in a series its planning looking at the… Read more »
Remote work in the era of Microsoft Teams and Zoom meetings has been a boom for business software companies and a Brisbane remote learning startup is riding the wave with the backing of some of the world’s biggest companies. GO1 has raised $61 million (US$40m) in Series C in around led by SEEK and US… Read more »
A roundtable discussing funding for startups, featuring leading VC investors, will be held in Sydney next week. The roundtable series, presented by Techboard and RSM, will be held at Freelancer’s HQ at World Square, next Tuesday, August 6, 5-8pm. Techboard co-founder Peter van Bruchem said he designed the roundtables to be a twist on a panel… Read more »
A new biotech funding program for startups working on new therapies, technologies and medical devices is offering up to $1 million in matching grants to help companies develop their ideas through to the proof of concept stage. The Biomedical Translation Bridge program is an initiative of the Medical Research Future Fund. It’s run by MTPConnect –… Read more »
Techboard, Australia’s largest startup and tech directory, released its latest quarterly funding report today, revealing the March 2019 quarter was a bumper period for the sector when it came to funding. While the finalisation of the bid for online property exchange network PEXA (Property Exchange Australia Ltd), launched in late 2018 by the Commonwealth… Read more »
Between now and May, the Victorian government is offering an initiative to support the growth of businesses run by people with disability.
Melbourne-founded fintech Airwallex is the latest Australian startup to hit unicorn status following the closing of a US$100 million ($141 million) Series C round led by DST Global.
Sydney fintech Waddle, which provides invoice financing for small to medium enterprises (SMEs) has raised $4 million in Series A funding from Allectus Capital. With the company in 2017 securing a $50 million wholesale facility, the funding will go towards scaling Waddle across Australia and accelerating the integration of its global financial services partners. Founded… Read more »
GO1 has raised over $30 million in a Series B funding round led by M12, the venture capital arm of Microsoft, with participation from existing backers SEEK and Y Combinator.