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 »
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 »
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 »
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 »
Sydney business payments fintech Till Payments has raised $70 million in a Series D, having shed 40% of its staff earlier this year. The company cut 120 staff at the start of 2023 amid a 5-month hunt for capital ahead of plans to list on the US NASDAQ later this year. “Despite our significant successes,… Read more »
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 »
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 »
‘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 »
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 »
Perth veterinary tech startup Vedi has raised $3 million as it looks to become the pet version of the federal government medical database My Health Record. The funds came from two international investors, with MSD Animal Health, a division of Merck & Co., once again backing Vedi, joined by pet-focused New York VC Companion Fund,… Read more »
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 »
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 »
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 »
Sydney envirotech startup Pathzero is the latest startup to bolster a round with additional funding a year or more later, adding another $8.6 million to what it’s called a Series A+. The business previously raised $6.8 million in October 2021, taking the total raised for its Series A to $15.6 million. VC Carthona Capital once… Read more »
Carbon management startup Avarni has raised $3 million in venture funding, less than 12 months after launching. It’s the startup’s second raise – and part of a recently emerged trend to decline to identify a round – since it was founded in 2021. CSIRO VC fund Main Sequence Ventures led the raise with support from… Read more »
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