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

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

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 »

OneVentures principal Dr Jeannie Joughin

OneVentures backs cancer biotech ImmVirX in $25 million Series B

- June 5, 2023 2 MIN READ

Sydney VC OneVentures has pledged $15 million as a cornerstone investment towards a $25 million Series B raise for life sciences startup ImmVirX. The biotech startup is developing cancer treatments using oncolytic viral immunotherapies (viruses that infect and destroy cancer cells without damaging normal cells). The remaining $10 million in the Series offered to existing… Read more »

Q-CTR founder Michael Biercuk

Quantum startup Q-CTRL lands $39 million in Series B top up led by Salesforce Ventures

- February 1, 2023 3 MIN READ

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 »


Telstra Ventures backs renewables software startup OpenSolar in $22 million series B

- January 12, 2023 2 MIN READ

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 »

Marcello La Rosa

Salesforce backs Melbourne Uni spinout in $15.8 million Series B

- December 6, 2022 2 MIN READ

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 »


Morse Micro tops up Series B with another $30 million from super funds

- November 28, 2022 2 MIN READ

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 »