Funding

Cancer treatment biotech AdvanCell injects $178 million Series C

- February 13, 2025 2 MIN READ

Sydney clinical-stage radiopharmaceutical startup AdvanCell, which is developing innovative cancer therapeutics, has raised US$112 million (A$178m) in a Series C. The round was co-led by US-UK fund SV Health Investors, Sanofi Ventures, Abingworth, and SymBiosis. Additional support came from existing investor Morningside, alongside new investors Tenmile, Brandon Capital, and others. Founded in June 2019, AdvanCell was… Read more »

Dr Aengus Tran and Dimitry Tran.
AI/Machine Learning

Medical diagnostics analysis platform Harrison.ai spots $179 million Series C

- February 12, 2025 2 MIN READ

Sydney healthtech startup Harrison.ai has raised AU$179 million (US$112m) in a Series C as it looks to expand in the US The round was co-led by Aware Super, ECP and existing supporter Horizons Ventures, the VC firm of Hong Kong billionaire Li Ka-shing. The federal government’s $15 billion National Reconstruction Fund announced its $32 millions… Read more »

Dr Aengus Tran and Dimitry Tran.
AI/Machine Learning

The $15bn National Reconstruction Fund takes $32 million stake in AI medical diagnostics startup Harrison.ai

- January 29, 2025 3 MIN READ

A Sydney startup pioneering the use of artificial intelligence to analyse medical scans to rapidly identify potential diseases such as cancer, even before clinicians spot them, has taken on $32 million from the federal government’s signature National Reconstruction Fund Corporation (NRFC) as part of a planned $100 million+ Series C. Harrison.ai has trained generative AI… Read more »

CCTV on shop supermarket
Funding

Kiwi shoplifting intelligence software platform raises $74 million Series C

- November 12, 2024 3 MIN READ

A New Zealand retail crime reporting and surveillance platform that was being scrutinised by Australia’s Information Commissioner has raised NZ $82 million (A$74.3m) in a Series C. The raise for Auror was co-led by the Woolworths-backed retail venture fund W23 Global, Nasdaq-listed US taser and body camera manufacturer Axon Enterprise, and Westpac-supported Reinventure. Also chipping… Read more »

Josh Foreman
Fintech

Debt collection fintech InDebted banks $50 million Series C

- September 24, 2024 2 MIN READ

Consumer debt collection fintech InDebted has raised $50 million in a Series C that values the scaleup at more than $350 million The round was led by Airtree and supported by Australian Retirement Trust and new growth fund Premier Capital Partners. Existing shareholders Reinventure, Carthona and Perennial also chipped in. Indebted previously raised $22.5 million… Read more »

Stephen Scheeler
Funding

Gina Rinehart backs AI brain mapping startup Omniscient in $89 million Series C

- June 12, 2024 2 MIN READ

Mind mapping startup Omniscient has raised US$60 million (A$89m) in a Series C as it uses artificial intelligence (AI) to decode the human brain. The raise was backed by mining magnate Gina Rinehart and existing investor Will Vicars, the billionaire chief investment officer at Caledonia. The five-year-old startup previously raised $40 million in a Series… Read more »

Gentrack CTO Mark Rees with Amber's Chris Thompson, his boss Gary Miles and Amber's other cofounder Dan Adams
Funding

Energy retailer Amber recharges with $29 million Series C

- February 1, 2024 2 MIN READ

Power retailer Amber Electric has raised $29 million in a Series C as it looks to take its battery and EV automation software offshore. ASX-listed billing and CRM provider Gentrack led the round with $12 million, building a strategic partnership with Amber to bundle its billing and customer care with Amber’s battery and EV automation… Read more »

A Fleet Space Centauri 4 nanosatellite
Funding

Nanosatellite startup Fleet Space raises $50 million Series C

- May 24, 2023 2 MIN READ

Fleet Space Technologies has raised $50 million in a Series C round that values the South Australian satellite startup at more than $350 million. The round was led by existing backers Blackbird, with support from Atlassian cofounder Mike Cannon-Brookes’ Grok Ventures, Alumni Ventures and super fund Hostplus. New to the cap table are TelstraSuper, former… Read more »

Eucalyptus
Funding

Telehealth brands startup Eucalyptus lands $50 million from Woolies, Mary Meeker & Blackbird

- April 28, 2023 3 MIN READ

Concerns over mail order weight loss brands Juniper and Pilot by Australian doctors haven’t dampened investor appetite its parent telehealth company, Eucalyptus, which has raised $50 million on a $520 million valuation. The round was backed by several existing Eucalyptus investors,  including Blackbird Ventures, the Woolworths VC fund W23, and US investor Mary Meeker’s BOND… Read more »

Synchron inventor Professor Nicholas Opie
Funding

Jeff Bezos & Bill Gates back Australian brain-computer interface startup Synchron in $110 million Series C

- December 16, 2022 2 MIN READ

Cutting-edge Australian tech scale-up  Synchron, which hopes to give paralysed people the power to control computers with their minds, has raised $110 million in a Series C. Synchron is a clinical-stage endovascular (inside the blood vessel) brain-computer interface (BCI) company founded in 2016 by Dr Tom Oxley and Professor Nick Opie. It is based in Brooklyn, New… Read more »

Funding

Fintech Shaype lands $33 million Series C

- October 3, 2022 2 MIN READ

Embedded finance platform Shaype has raised $33 million in a Series C round that has delivered a significant increase in the fintech’s valuation. Regal Funds Management led the round, which also included family offices.  The cash will be used to accelerate growth, with particular focus on expanding the team to support Australian clients, as well… Read more »

unicorn dog
Funding

JUICY BONE: Pet Circle tossed $125 million Series C treat

- December 7, 2021 2 MIN READ

Ecommerce retailer Pet Circle has raised $125 million in a Series C. The round was led by US investment firm Prysm Capital and Sydney-based TDM Growth Partners, with existing backer AirTree Ventures joined by new investor Baillie Gifford from the UK While the international investment has been announced, it’s still subject to regulatory approvals. The… Read more »

Other

Accounting client engagement software platform raises $69 million series C

- November 18, 2021 2 MIN READ

A Sydney client engagement platform for professional services companies has raised $US50 million ($A69m) in a Series C round. The raise for Practice Ignition was led by US-based JMI Equity, making its first Australian investment. Existing investors Tiger Global and EVP also backed the raise along with several strategic angel investors and family office groups.… Read more »