Climate Tech

Expat Australian’s US-based bushfire detection startup lights up $68 million Series B

- June 17, 2025 2 MIN READ

A US startup used extensively by Australian authorities to detect bushfires has raised a US$44 million (A$68m) Series B. The round for Pano AI included an undisclosed level of secondary share sales, with the surveillance platform claiming to have raised A$138m (US$89m) in its five-year-old lifetime. New investor Giant Ventures led the raise, supported by… Read more »

Tracksuit, Matt Herbert, Connor Archbold
Funding

Kiwi brand tracking martech Tracksuit trousers another $38 million in Series B

- June 11, 2025 2 MIN READ

Trans-Tasman VC Blackbird has tripled down on New Zealand-born brand tracking platform Tracksuit in a $38 million in a Series B. The round was led California consumer brands investor VMG Partners, supported by existing backers Blackbird, NZ’s Icehouse Ventures, and San Francisco’s Altos Ventures, and Footwork. Tracksuit previously raised a $20.5 million Series A in… Read more »

small business, payment
Business

In-store ads streaming martech lands $40 million Series B

- January 31, 2025 2 MIN READ

An expat Australian scaleup using in-store advertising to bolster retail sales has raised US$25 million ($40m) in a Series B. The raise for 13-year-old Melbourne-founded, Dallas-based Qsic was led by UK investment firm Hedosophia. The platform, cofounded began as a music streaming service in pubs and clubs in 2012, and is now responsible for the… Read more »

Hugh Alsop
Funding

Sydney Uni mental health biotech banks $14.5 million Series B

- August 13, 2024 2 MIN READ

A Sydney biotechnology startup tackling behavioural and psychological symptoms in illnesses such as dementia and substance abuse has raised $14.5m in a Series B. The raise for Kinoxis Therapeutics, cofounded by researchers from the chemistry and psychology faculties at Sydney University, was backed by pioneering venture fund Uniseed, UniSuper, the university, Stoic VC, and US-based Avicella… Read more »

hysata
Funding

Green hydrogen startup Hysata pockets record $172 million Series B

- May 9, 2024 2 MIN READ

Wollongong-based electrolyser startup Hysata, which is developing production methods for low-cost green hydrogen, has raised $172 million (US$111.3m) in a Series B, a record for clean tech in Australia. The round was co-led by the venture arm of oil industry giant bp, and Investec’s Hong Kong-based  alternative investment firm Templewater, with both chipping in US$10m (A$15.2m).… Read more »

Neara
Funding

Digital twin startup Neara pockets $15.25 million in Series B extension for offshore plans

- October 2, 2023 < 1 MIN READ

Energy sector digital twin startup Neara has raised $15.25 million in an extension of last year’s $20 million Series B round. The round was led by South African VC Prosus Ventures (formerly Naspers Ventures), a frequent Australian investor, which also backed crypto gaming unicorn Immutable. Existing backers Square Peg and Kim Jackson’s Skip Capital also… Read more »

Plotlogic CEO Andrew Job
Funding

Queensland mining tech startup unearths $43 million in Series B

- July 31, 2023 < 1 MIN READ

CSIRO’s venture capital arm Main Sequence Ventures has backed a Brisbane mining technology startup in a US$28 million (A$43m) Series B raise led by international investors. Plotlogic, founded in 2018 by former mining exec and engineer Andrew Job, scans mine deposits using LiDAR (laser-based light detection and ranging) and hyperspectral imaging technology to analyse their… Read more »

Midnight Health cofounders Matt Anderson and Nic Blair
Funding

Insurer nib takes third bite of online scripts startup Midnight Health, pledging $24 million for 77% stake

- June 20, 2023 2 MIN READ

Brisbane online prescription startup Midnight Health has raised $15 million in a Series B with ASX-listed insurer nib stumping up the cash for a third time 19 months to own more than three-quarters of the business. nib’s investment comes as regulators crack down on the sector, forcing medtech companies to shift from online applications for… Read more »