Silicon Valley backs telehealth startup Eucalyptus in $30 million series B

- July 16, 2021 2 MIN READ

Sydney telehealth startup Eucalyptus has raised A$30 million in a series B round led by California investor NewView Capital. NewView founder and managing partner Ravi Viswanathan will join the board. Existing investors Blackbird Ventures and W23, the Woolworths VC fund, also hit the transfer funds button, with AirTree Ventures signing on for the first time. Tim… Read more »


Woolies backs meat-free protein startup in $3.5 million raise

- July 14, 2021 2 MIN READ

Sydney plant-based proteins startup Harvest B has raised $3.5 million in seed funding just 12 months after launching. The seed raise was led by Aura Ventures and W23, the venture capital arm of supermarket giant Woolworths. The startup also landed a $1 million grant from the federal government’s Advanced Manufacturing Growth Centre Commercialisation Fund. It… Read more »

News & Analysis

Incubator Moonshot lands $250,000 federal grant for the next generation of space tech startups

- July 12, 2021 2 MIN READ

Space-focused tech incubator Moonshot has been awarded a $250,000 grant from the federal government’s Incubator Support Scheme to help develop space technology businesses. The grant delivers Moonshot a $500,000 boost thanks to matched backing from private investors. The funds will go towards expanding operations, launching new accelerator programs and amplifying support for local space startups.… Read more »


Mind mapping startup’s $40 million Series B backed by mining billionaire Gina Rinehart

- July 12, 2021 2 MIN READ

A Sydney data startup developing using machine learning software to map the brain and treat disorders such as depression, dementia and PTSD has raised $40 million in a series B. The investors reportedly include Western Australian mining billionaire Gina Rinehart and Sydney’s Gretel Packer, as well as Platinum Asset Management co-founder Kerr Neilson, and Caledonia… Read more »

EV charger EVOS

An EV charging startup co-founded by former Tritium employees just raised a $1.7 million seed round

- July 8, 2021 2 MIN READ

A Brisbane startup following in the footsteps of electric vehicles (EV) charging unicorn Tritium has raised a $1.7 million seed round. EVOS was founded by three former Tritium employees. That fellow Brisbane venture is set to list on the US NASDAQ via a special purpose acquisition company (SPAC). The new startup is focused on fleet energy… Read more »

Artificial Intelligence

AI startup Sourse lands $1.5 million to take the gut feel out of executive decisions

- July 7, 2021 2 MIN READ

Machine learning startup SourseAI has raised $1.5 million to help bosses make fewer calls based on their gut feeling. The round was led by Aligned Equity and TV and radio company Southern Cross Austereo (SCA), making its second investment in an AI-based analytics startup after backing spoken word analysis venture Sonnant earlier this year. The… Read more »


Reddit’s co-founder backs $65 million series B into a fake chicken nuggets startup founded by a teen Australian

- June 9, 2021 2 MIN READ

Simulate, a New York startup that makes “simulated” chicken nuggets, founded two years ago by Australian Ben Pasternak when he was just 19, has raised US50 million (A$65m) in a series B. The round was led by Reddit co-founder Alexis Ohanian, husband of tennis champion Serena Williams, through his VC fund Seven Seven Six. Ohanian… Read more »

Lucas Meadowcroft, Tribu

US investor Jason Calacanis and Brisbane Angels back IT startup Tribu in $1.25 million seed round

- June 8, 2021 2 MIN READ

Brisbane artificial intelligence startup Tribu, which aids IT helpdesks and managed service providers (MSP) automate assistance requests, has raised $1.25 million from Brisbane Angels and the California syndicate founded by US investor Jason Calacanis. Tribu is using machine learning and AI to help IT support companies deal with what the industry calls “level 1” calls… Read more »

UpGuard, cybersecurity, US

Australian insurer IAG doubles down on cybersecurity startup in $25 million raise

- June 8, 2021 2 MIN READ

Insurance giant IAG’s VC arm, IAG Firemark Ventures, has led a US$19 million (A$25m) series “B-1” raise into Australian cybersecurity startup UpGuard. Firemark was among several investors backing the nine-year-old business once again, including Pelion Venture Partners, Square Peg Capital and August Capital, bringing the total raised to A$59 million, following a previous raise in… Read more »

Mike Powrie, founder, CloudWave

SaaS startup CloudWave lands $2 million series A to expand globally

- June 1, 2021 2 MIN READ

The forced closure of customer contact centres during the coronavirus pandemic delivered a silver lining for Cloudwave, which has raised $2m in a series A to expand into Asia and the US. The oversubscribed $2m round was led by Moelis Investment Bank, supported by Singapore-based VC fund Vulpes Investment Management. The cloud-based Software-as-a-Service (SaaS) startup… Read more »


A new e-commerce startup backed by Catch Group’s founders lands $30 million from CBA before launching

- May 25, 2021 2 MIN READ

A new e-commerce venture originally developed by Catch Group founders Gabby and Hezi Leibovi’s has scored a record $30 million from the Commonwealth Bank prior to its launch. CBA’s taken a 23% stake in Little Birdie, valuing the business at $130 million before the online retail deals marketplace has sold a single product. The Melbourne… Read more »