Michele Stansfield
Funding

Female-founded fermentation startup Cauldron lands $10.5 million to transform how new foods and fibres are developed

- March 27, 2023 2 MIN READ

Cauldron speeds up development of new food, feedstock and fibre ingredients Its hyper-fermentation platform lowers commercial risk & production costs $10.5m Seed round led by Main Sequence + Horizons Ventures An ambitious plan to transform the way new food, feedstock and fibre ingredients are created, by using fermentation has raised $10.5 million in seed funding… Read more »

Bega Valley Eggs
Funding

Invest Inya Farmer, a fintech that lets people put their money where their mouths are, plants $1.1 million Seed round

- March 23, 2023 2 MIN READ

Agriculture fractional investment marketplace Invest Inya Farmer (IIF) has raised $1.1 million in Seed funding to give everyone to back the people who grow what they eat.  The round was led by Investible, alongside  global agtech VC AgFunder and high net worth investors. IIF has built a smartphone app that allows users to browse and… Read more »

AROSE lunar rover
Funding

Australian lunar rover projects just scored $8 million in federal funding

- March 21, 2023 2 MIN READ

Two Australian space startups will receive $4 million grants each from the federal government as part of its Moon to Mars Trailblazer initiative to design semi-autonomous rovers to land on the Moon. Perth-based Australian Remote Operations for Space and Earth (AROSE) consortium and the EPE and Lunar Outpost Oceania consortium will each receive $4 million towards… Read more »

Pivot founders
Funding

Female-founded edtech startup Pivot banks $1.4 million to support student and teacher wellbeing

- March 20, 2023 2 MIN READ

Melbourne education tech startup Pivot has raised $1.4 million for its schools feedback platform to improve teaching.  The round was led by the Catholic Diocese of Maitland-Newcastle and technology firm DiUS, with support from LaunchVic’s women-led investment program the Alice Anderson Fund. The funding will be used to re-platform the company’s survey-based technology and launch… Read more »

Lewi Software, Geraldine Terada-Bellis, Vishnu Avudainayagam
Funding

Skalata backs Queensland Uni grads in software startup transforming chemical engineering

- March 15, 2023 2 MIN READ

A software startup developed by two University of Queensland graduates has raised $200,000 in a Seed round backed by Melbourne VC Skalata Ventures. Lewi Software is tackling an unsexy part of asset management in the chemicals sector – wastewater management, which has suffered from underinvestment on the software from compared to the rest of the… Read more »

Drone, farm, agriculture, agtech
Ag tech

LaunchVic is offering $50,000 to agtech startups

- February 23, 2023 < 1 MIN READ

The Victorian government is offering $1.3 million in new funding to the agtech startup sector through LaunchVic. The funding including $1 million under the AgTech Grants Program, which will offer individual grant funding of $50,000 to 20 emerging agtech startups. The program is a partnership between Agriculture Victoria and the state’s startup agency LaunchVic. On top… Read more »

GeoMoby, Chris Baudia, Mathieu Paul
Funding

Perth mining and consctruction startup GeoMoby raises $3 million to keep workers safe

- January 20, 2023 2 MIN READ

Location technology startup GeoMoby has raised $3 million from multiple European investors to fund the further rollout of its technology to the mining industry. Some major investments by French companies and individuals delivered the bulk of the raise, with additional funds from existing local shareholders as well as a strategic partner Agreement Hub, alongside a… Read more »

Venture Capital

VCs say ‘the stupid is over’ when it comes to backing Australian startups

- January 19, 2023 3 MIN READ

‘Stupid money’ is out and smart investors are looking for opportunities in the Australian startup scene, say leading venture capital partners. Speaking at the Melbourne Startup Bootcamp at Bay City Labs yesterday, Skalata Ventures cofounder and CEO Rohan Workman called out the ridiculous funding rounds that had given startup founders unrealistic expectations. “It’s a great time… Read more »

Funding

The NSW government is tipping $40 million into bioscience startups

- January 18, 2023 < 1 MIN READ

The NSW government has launched a new $40 million fund to back bioscience startups. The Biosciences Fund (BioSF) comes just days after the state government announced $7 million quantum computing commercialisation fund, and backing for the Techstars accelerator program to set up at Tech Central in Sydney. Science, innovation and technology minister Alister Henskens said… Read more »

Funding

Telstra Ventures backs renewables software startup OpenSolar in $22 million series B

- January 12, 2023 2 MIN READ

Australian-born US-based solar panel design and sales platform OpenSolar has raised US$15 million (A$22m) in a Series B. Telstra Ventures led the round, announced last month, with support from sustainability fund 2150 and existing investors including Jeff Tannenbaum’s Titan Grove and solar entrepreneurs Alec Guettel and Howard Wenger. The funds will be used to expand… Read more »

funding
Venture Capital

10 things the law firm behind investment deals for Atlassian, Mr Yum & Linktree thinks will happen in VC this year

- January 12, 2023 4 MIN READ

Leading law firm Herbert Smith Freehills advises some of Australia’s most successful tech companies on investment deals, including Atlassian, Mr Yum, Carma, Sonder, Culture Amp, Linktree, Who Gives A Crap, :Different, Pearler and Instant Checkout. After the dramatic shift in venture capital in 2022 following an exuberant two years during the pandemic, HSF venture capital… Read more »

Michael Liu
Funding

Fintech partner software startup Aerotruth lands $1.3 million in Seed funding

- December 22, 2022 2 MIN READ

Aerotruth, a software startup that speeds up and streamlines the B2B partnership process for fintechs and banks has raised $1.3 million in an oversubscribed Seed round. The raise was led by Archangel Ventures, with participation from Afterwork Ventures, Black Sheep Capital, Change Com, Cut Through Angels, Spring Capital and Unlock Capital.  The Software-as-a-service company launched globally in… Read more »