Funding

Generation Instagram startup The Daily Aus banks $1.2 million from Canva execs and former Nine boss David Gyngell

- June 27, 2022 2 MIN READ

Digital news channel The Daily Aus, which has pioneered a social media-first approach to current affairs for younger Australians, has raised $1.2 million in Seed funding. The round was led by media former Nine CEO David Gyngell, supported by Canva executives Zach Kitschke and Rob Kawalsky, as well as festival  the Untitled Group. The backing from… Read more »

Gavin Upiter
Funding

B2B pharmacy marketplace Directo raises $2.3 million Seed round

- April 1, 2022 2 MIN READ

Melbourne startup Directo has raised $2.3 million in Seed funding for its B2B marketplace for the pharmacy sector.  The round was led by Sydney seed VC Investible to scale its networked two-sided online marketplace, which offers B2C-like price transparency,  immediacy and convenience while streamlining logistics and invoicing. Founder Gavin Upiter said Directo’s proprietary enterprise technology platform… Read more »

Funding

Tim Draper, one of America’s most successful startup investors, has backed drone reforestation startup Lord of the Trees in $1.67 million pre-Seed

- April 1, 2022 2 MIN READ

US billionaire Tim Draper, famed for investments in the likes of PayPal, Tesla, Twitter, Coinbase and Robinhood, has backed Australian-based drone planting eco-tech firm Lord of the Trees (LOTT) in a $US1.25 million (A$1.67m) pre-Seed round.  The investment values LOTT, founded in 2019, at A$7 million. Lord of the Trees is a global reforestation company… Read more »

Jeremy Pollak
Funding

Hybrid work startup Calven raises $6.8 million seed round

- February 28, 2022 2 MIN READ

Sydney future of work startup Calven has raised $6.8 million in seed funding as it looks to tackle hybrid work culture. The round was led by Sydney VC Airtree, and several strategic backers, including Herbert Smith Freehills partner Michael Gonski and the Gonski family office. Calven co-founder Jeremy Pollak, a veteran of workplace technology consulting… Read more »

Funding

Aera VC builds $42 million war chest for climate breakthroughs

- February 22, 2022 2 MIN READ

Climate tech venture firm Aera VC has raised US$30 million (A$42m) in the first close of its new fund to back startups addressing sustainability and global warming. The new climate-focused fund has already backed Michael Fox’s alt-protein business Fable Foods, along with US-based chemical decarbonisation unicorn startup Solugen (valued at US$1.8bn) as well as Shiok Meats… Read more »

money plant grow
Funding

An early stage VC investor explains everything you need to know about pre-seed and seed rounds

- February 2, 2022 8 MIN READ

We’ve now made 14 investments, and in almost all cases Galileo was the first VC investor in each startup’s pre-seed or seed round. We’ve backed some compelling early-stage companies and are on the hunt for more.  If you’re raising your first round, you should apply now. A common pattern I’m hearing in some early-stage founders… Read more »

Annie Flamsteed
Funding

Athlete mental health startup championed by Grand Slam winning tennis coach Darren Cahill bags $2.5 million seed round

- January 10, 2022 2 MIN READ

A female-founded wellness management platform for youth athletes has closed a $2.5 million seed round as it looks to help athletes with their mental health. Brisbane-based iNSPIRETEK was founded by former competitive gymnast Annie Flamsteed to provide athletes with mental health support and the tools they need when they need them most. The round was led by… Read more »