Ghazaleh Lyari and Johanna Young

Australian Business Growth Fund backs skin cancer prevention clothing brand Solbari with $10 million

- January 3, 2024 2 MIN READ

The federal government-backed Australian Business Growth Fund (ABGF) has backed it second business run by a woman, tipping  $10 million into  clothing brand Solbari, which produces clothing, hats and accessories focused on sun protection. Founder and CEO Johanna Young launched Solbari in 2014, having moved to Melbourne from Europe in 2011 following a career in… Read more »


The feds are offering grants worth up to $5 million grants to startups

- December 1, 2023 3 MIN READ

The federal government’s flagship $392 million Industry Growth Program has been officially launched, with grants of up to $5 million available for startups and small businesses. The $392.4 million program was unveiled in the May budget, replacing the former Coalition government’s Entrepreneurs’ Programme, which was embroiled in controversy due to bungled procurement processes. The aim of the… Read more »


Process digitisation proptech Sitemate nabs another $7.5 million in pre-Series A

- November 16, 2023 2 MIN READ

Sydney software proptech Sitemate has raised $7.5 million in a pre-Series A for its no code platform for the construction sector. Marbruck Investments led the round, with participation from existing investors including Blackbird Ventures and Artesian. It’s 15 months since Sitemate raised $5.2 million in a round let by Blackbird, and since the the business… Read more »

First Australians Capital Brian Wyborn

Indigenous-led impact fund First Australians Capital lands $3 milllion from US fintech Block

- November 13, 2023 2 MIN READ

Square founder Jack Dorsey has backed Indigenous impact fund First Australians Capital (FAC) with $3 million from its ASX-listed parent company Block. It’s the first time the global payments fintech, which in 2022, paid $39 billion to acquire BNPL Afterpay, has made a social impact investment in Australia. The former Twitter CEO and founder, now… Read more »

Kara Tech cofounder Arash Tayebi

Red Cross impact investor Humanitech Lab backs Kara Technologies and AirSeed with $500,000 grants

- October 30, 2023 2 MIN READ

Australian Red Cross innovation program Humanitech Lab has invested in two startups, Kara Technologies and AirSeed Technologies, with both receiving a $500,000 grant to take their ideas to the next level. Humanitech Lab is a mentoring and investment program harnessing technological innovation to meet critical humanitarian and social issues. It’s backed by the Telstra Foundation.… Read more »

R&D, science, man looking in microscope

Breakthrough Victoria pours $43 million into five universities to help turn research into startups

- September 19, 2023 2 MIN READ

The Victorian government’s $2 billion investment fund, Breakthrough Victoria has backed five Victorian universities to help them bring research to market in a deal worth $87 million.  Deakin, La Trobe, Monash and Swinburne universities have contributed $9 million funding matched by Breakthrough Victoria, with RMIT matching the $7.5 million it has received. Each partnership will… Read more »

Navi cofounders Assoc Prof Christiane Theda and Alex Newton, with Victorian industry and innovation minister Ben Carroll.

Breakthrough Victoria backs baby-saving medtech startup Navi in $2.4 million raise

- August 3, 2023 2 MIN READ

Breakthrough Victoria has backed Navi Medical Technologies as part of a $2.4 million raise to develop a medical device for newborn babies and children. The state government investment fund was lead investor chipping in $700,000, with the federal government also backing the medtech startup with grants. Also backing the round was Medtech Actuator and Artesian VC.… Read more »