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 »
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 »
A video analytics platform using artitificial intelligence to improve workplace productivity and safety has raised $17 million in a series B. It’s been nearly four years since Unleash Live raised an $8 million Series A led by Safety Culture, and this time the nine-year-old scaleup, now valued at $100 million, did not disclose its… Read more »
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 »
An estate planning platform that has digitised writing a will has raised $17 million in a Series B. The round for Safewill was co-led by King River Capital and existing backer Reinventure. Also doubling down were Carthona Capital and Flying Fox Ventures. Safewill previously raised a $5.5 million Series A extension in May 2023 topping… Read more »
Quantum software developer Q-CTRL has topped up its Series B for a fourth time with an extra $88 million (US$59m) with the Sydney startup’s valuation jumping dramatically in the process. The raise takes the Series B, spanning three years, to $166 million (US$113m) in total and was led by UK late-stage venture firm GP Bullhound.… Read more »
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 »
Artificial intelligence-based loans assessment platform Rich Data Co has topped up its  Series B, nine months on, with another $9 million, this time from Acorn Capital, for a total raise of $37 million. The fintech banked $28 million last November in part 1 of its Series B, led by Westpac and Nasdaq-listed cloud banking firm… Read more »
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 »
Legal industry collaboration platform Nexl has raised $6.6 million in a Series A as it looks to modernise business law. The round was co-led by Shearwater Capital and existing backer EVP. The business has now raised $10 million in 2023. Philipp Thurner, the former head of innovation at top tier law firm Gilbert and Tobin,… Read more »
Artificial intelligence loans assessments platform Rich Data Co has raised $28 million (US$17.5m) in a Series B as it looks to ramp up its North America expansion The round was led by Westpac and Nasdaq-listed cloud banking firm nCino, supported by existing backer BMYG and a new investor, Singapore-based Octava Fund. The funds will be used… Read more »
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 »
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 »
Sydney quantum startup Q-CTRL has landed an additional US$2.6 million (A$3.83m) in VC funding for its long-running Series B round to take the total raised to US$54 million (A$80m). Joining a cap table that includes Salesforce Ventures, the VC arm of the US software giant, Airbus Ventures, Main Sequence and former Wallabies captain John Eales. is… Read more »
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 »
A cybersecurity founder who had a $100 million exit is back with a new idea and a $9.2 million Seed round from Paladin Capital 
Reality bites for Blackbird-backed room rental startup Kiki as it departs the Big Apple 
Series A-focused climate tech VC hits $50 million for fund’s 1st close 
Hot founder tip: check your WhatsApp messages for Canva billionaires looking to buy your startup 
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