A Melbourne startup tackling the tricky task of ensuring the quality of 3D printing for aerospace, defence and cutting edge manufacturing, has raised $4.1 million in VC funding. Additive Assurance, which spun out of Monash University in 2019, provides quality assurance for additive manufacturing, and is now looking to expand offshore The round was led… Read more »
Telsta has made its second agtech investment this week, after leading a $12 million round into farm communications startup Zenifi, also tipping $2 million in remote monitoring scale-up Farmbot Monitoring Solutions. The telco previously invested $1 million in October last year in Farmbot’s $2.7 million Series A. The startup had flagged a Series B in… Read more »
Queensland biotechnology scale-up Microbio has raised $3.5 million as it looks to roll out its rapid bloodstream infection tests across international markets. Microbio CEO Paul Carboon said existing and new investors, including eminent scientist and Gardasil co-inventor Professor Ian Frazer, had shown strong support for the biotech as it gains regulatory approval in multiple countries… Read more »
A regional NSW startup that’s extending the range of wi-fi on farms has raised $12 million in a Series A. Telstra, and GrainCorp through is recently launched $30 million GrainCorp Ventures fund, led the round in Wagga Wagga-based Zetifi, with support from existing investors including Cultiv8 Funds Management, the Grains Research and Development Corporation’s (GRDC) GrainInnovate fund, and Artesian. The fresh… Read more »
A biotech startup using gene therapy to tackle neurodegenerative diseases such as Motor Neurone Disease (MND), epilepsy and dementia, has been spun out of Macquarie University with $2 million in Seed funding to launch. Celosia Therapeutics is Australia’s first gene therapy company and the result of two decades of research at the university. It is… Read more »
NSW tech startup Oceanfarmr, previously known as SmartOysters, has raised$1.45 million in a bridging round. Oceanfarmr is one of 23 impact tech startups to receive investment from Katapult VC and its accelerator program, selected from 1,900 candidates in 62 countries. The fresh capital will allow the aqua farming tech and finance startup to ramp up… Read more »
A Sydney startup using robotics to assess critical infrastructure in the oil and gas industry globally has raised $15 million after doubling revenue over the past two years. Abyss Solutions previously raised $3.25 million in December 2020, with AirTree once again leading the latest investment, supported by Australian Retirement Trust. Cofounded in 2014 by four… Read more »
Victoria’s government-backed startup agency, LaunchVic, is supporting three local accelerator programs with a total of $3.1 million in funding. CEO Dr Kate Cornick the funds will help fast track the growth of up to 160 local startups. “By backing programs with a proven track record of helping founders, we will ensure LaunchVic supports our rapidly… Read more »
A quarter of Australian women having experienced domestic or family violence. So the founder of tech startup Scriibed, Melanie Greblo, decided to do her bit to help, launching Banksia Academy, a first-of-its-kind virtual hub to help women achieve long-term financial independence through training, education, employment pathways, and support. The not-for-profit platform opens its virtual doors… Read more »
Lug+Carrie, a Melbourne eBike subscription startup, has raised $5 million in bridge funding as it looks to expand globally. The company is looking to a Series A, but was keen to take advantage of local demand ahead of tackling new markets such as the United States. The funding will be used to secure more stock… Read more »
Investment tech platform Jacobi Inc. has raised US$10 million (A$15.4m) in a Series A led by Queensland Investment Corporation (QIC). QIC joined existing Silicon Valley investors Illuminate Venture Partners, 8VC and Western Technology Investment (WTI) in the round. Crystal Russell from QIC and Bill Miller from Makena Capital are joining the Jacobi board. The Brisbane-born,… Read more »
Biotech startup OccuRx has raised $16 million to fund clinical phase studies for its oral therapy to treat chronic kidney disease (CKD), a leading cause of death. The round was jointly led by Brandon BioCatalyst and Uniseed and also includes a $1.5 million grant from biomedical incubator CUREator. The funding will be used for a… Read more »
Investors kept their wallets shut once again in August with Australian startups receiving a combined $225 million worth of funding over 32 deals. That’s nearly half the amount of funding announced in August 2021 ($443 million), according to the Cut Through Venture newsletter, and is a sign of a continued investment slowdown coinciding with interest… Read more »
Small business carbon footprint measurement startup NetNada has raised $200,000 in Seed funding from Skalata Ventures to make reporting easier and more affordable for SMEs. The backing from Paul Little and Darrell Wade’s Melbourne VC comes amid a shift in focus from bi-annual cohorts to now invest in up to 5 early-stage companies per month, on… Read more »
Funding can be the difference between slower organic growth and fast-tracking your business to success, whether it’s used to hire staff or pay for resources to boost your progress. There’s a way to kindle your business without needing to bootstrap on your own or appealing to investors too early in your journey. Grants are a… Read more »
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