Decarbonisation startup Loam, which uses microbes to sequester carbon in farm soils, has raised $105 million in a Series B. The latest raise comes 20 months after its $40 million Series A – and brings the total raised to $150 million Loam’s Series B was co-led by US climate-focused VC Lowercarbon Capital and former Macquarie… Read more »
Salesforce Ventures becomes new investor Wallabies legend John Eales also backed Q-CTRL A record A$74m was raised in the Series B Sydney quantum software startup Q–CTRL has raised US$27.4 million (A$39m) in an extension of its Series B Several new investors joined Q–CTRL’s cap table, including Salesforce Ventures, the VC arm of the US software… Read more »
New Zealand-founded accounting fintech Hnry has raised A$35 million in a Series B as it looks to go global. The round was led by local VC AirTree Ventures, supported by existing New York-based backer Left Lane Capital, Akshay Kothari, cofounder of California software company Notion, and Athletic Ventures, the sports star investment syndicate that includes AFL… Read more »
Wholesale hospitality marketplace FoodByUs has raised $12 million in a Series B. The round was led by South African VC Base Capital, supported by New York’s FJ Labs, and Trawalla Group, plus with follow-on funding from founding investor Macquarie Capital. FoodByUs previously raised $10 million in a Series A in November 2021 and then spent… 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 »
The venture capital arm of energy giant BP has tipped $20 million into Sydney solar array startup 5B, to close out its $55 million Series B. The additional funds from bp ventures end a 15-month capital campaign that saw the first $30 million secured in June, with the round being led by existing backers… Read more »
A startup spun out of Melbourne University to help companies improve their processes has raised US$10.3 million (A$15.8m) in a Series B. Apromore enables business teams to quickly visualise and analyse their processes to unlock value or identify strategies for transformation or optimisation. The raise was backed by Salesforce and German software vendor GBTEC, which also… Read more »
Local semiconductor company Morse Micro has added another $30 million to its Series B raise, just 10 weeks after pulling in $140 million in the first stage of the round, including $100m from Japanese chipmaker MegaChips. The time local superannuation funds, including TelstraSuper, HESTA, Hostplus and NGS, managed by Blackbird, and UniSuper, managed by Uniseed,… Read more »
Sydney robotics and navigation tech scale-up Advanced Navigation has raised US$68 million (A$108m) in a Series B. The round was led by US private equity firm KKR, supported by deep learning venture firm AI Capital as well as existing backers Main Sequence, Malcolm Turnbull , In-Q-Tel, and OIF. The 10-year-old tech business has now raised… Read more »
Software development startup Buildkite has raised US$21 million (A$31m) in a Series B round. Local VCs OneVentures and AirTree led the round with Up bank founder Dom Pym also chipping in alongside US firm General Catalyst. The Melbourne devops tech company previously raised $28 million in 2020 at a $200 million valuation. It’s just the… Read more »
Electricity retailer Amber has raised $13.4 million in a Series B extension. The additional funding comes nearly 18 months after the Commonwealth Bank backed Amber’s initial $20 million Series B round in May 2021. CBA and another existing backer Square Peg led the round, with motoring mutual the NRMA investing as part of its focus… Read more »
A startup making cheaper rooftop solar panels by replacing the silver in production with copper has raised $21 million in a Series B. SunDrive began life in a Wollongong garage in 2015, cofounded by uni mates Vince Allen and David Hu. Allen developed the idea of using copper as a cheaper alternative during two years… Read more »
Skills analysis startup Reejig has raised $17 million topping up on the $15 million from a Series A just eight months ago. This time Salesforce Ventures, the investment arm of the global tech giant, backed the three-year-old venture. Reejig says the investment is not a Series B raise. The latest cash injection means the HR… Read more »
Brisbane-based youth travel experience startup Travello has raised $10 million in a Series B. The round was led by Queensland Investment Corporation (QIC) with further investment coming from Paspalis Innovation Investment Fund. The cash injection will be used to consolidate its position as a leading tour and travel experiences brand for millennials and prepare for… Read more »
Workplace wellbeing startup Sonder has raised $35 million in a Series B funding. The round was led by Blackbird Ventures with SEEK Investments and SecondQuarter Ventures also tipping in as new investors. Blackbird’s Niki Scevak will join the company’s board. The new capital is earmarked for product improvements on the safety, medical and mental health… Read more »
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