busker
Capital Raising

How to target the right investors for your startup’s capital raise

- August 10, 2021 3 MIN READ

You’re a product visionary. You’ve incorporated customer feedback into your business. Your revenue model is scalable. Your brand is on point and cutting through. Your prototypes and proof of concepts are gaining customer traction. Your metrics are pointing in the right direction. Now all you need is funding to support your go-to-market. While we’ve previously… Read more »

NIck Hazell
Funding

Plant protein venture v2food raises $72 million second series B for global expansion

- August 6, 2021 2 MIN READ

Plant-based protein startup v2food has raised A$72 million in series B-plus with Europe’s largest impact investment fund, Astanor Ventures leading the round. The latest capital injection is to ramp up expansion into China and Europe and scaling its manufacturing. The plant protein joint venture between Hungry Jacks billionaire Jack Cowin and the CSIRO, previously raised… Read more »

Giant Leap
Insights

Giant Leap’s Small Steps: A record-breaking year for impact VC

- August 5, 2021 2 MIN READ

Welcome to Giant Leap’s Small Steps, a newsletter offering global insights and news on the impact startups landscape. We’ll be sharing an edited version with Startup Daily readers every fortnight. Giant Leap is Australia’s first impact venture fund, and they use this newsletter to surface the ideas and businesses that intrigue and inspire them and… Read more »

blue sky venture capital
News & Analysis

‘Australia has a problem with men who bully women’: leading VC investors write to the AFR about its treatment of Elaine Stead

- July 30, 2021 2 MIN READ

Partners and principals at leading Australian venture capital firms, including Square Peg Capital, Main Sequence Ventures, Giant Leap, Jelix Ventures, and Flying Fox Ventures have signed an open letter to the editor the AFR about what the investment community sees as “an ongoing smear campaign” against colleague Dr Elaine Stead. The letter follows a high… Read more »

Funding

3D computer vision startup Visionary Machines raises $7.5 million seed round led by Folklore Ventures

- July 26, 2021 2 MIN READ

Sydney computer vision startup Visionary Machines has raised A$7.5 million in a seed round led by Folklore Ventures, with co-investment by Our Innovation Fund (OIF). Existing backer Significant Capital Ventures reinvested, along with Thorney Investment Group and IQT International Australia, the Sydney-based of In-Q-Tel. Folklore partner Hannah Field will join the startup’s board Founded in… Read more »

Tessa Court
Funding

Marketing software startup IntelligenceBank nabs $50 million from Five Elms Capital

- July 26, 2021 2 MIN READ

Melbourne marketing startup IntelligenceBank has landed a US$37 million (A$50m) from US B2B investor Five Elms Capital.    The marketing operations software platform has earmarked the funds to accelerate growth and scale its system, which converts manual processes to digital to improve marketing efficiency, increase speed to market, and minimise marketing compliance risks. IntelligenceBank helps marketing… Read more »

Dog, money, nurture
News & Analysis

LaunchVic is on the hunt for a fund manager for its $120 million startup fund

- July 23, 2021 2 MIN READ

LaunchVic is seeking a fund manager to run the Victorian Startup Capital Fund (VSCF), a Fund of Funds announced in the Victorian budget.  The $120 million VSCF is support Victorian early-stage technology-based startups with potential to grow into high-performing businesses. The fund manager will be charged with raising at least $60 million from the private… Read more »

Funding

Debt collection fintech Indebted raises $25 million series B

- July 19, 2021 2 MIN READ

InDebted, the Sydney fintech that successfully collects outstanding debts with digital carrots rather than sticks, has raised $25 million in a series B. The round was led by Perennial Value Management alongside follow-on investments from Carthona Capital, Reinventure and Mass Mutual Ventures Southeast Asia, as well as several prominent local investors, including former Tiger Global… Read more »

Funding

Woolies backs meat-free protein startup in $3.5 million raise

- July 14, 2021 2 MIN READ

Sydney plant-based proteins startup Harvest B has raised $3.5 million in seed funding just 12 months after launching. The seed raise was led by Aura Ventures and W23, the venture capital arm of supermarket giant Woolworths. The startup also landed a $1 million grant from the federal government’s Advanced Manufacturing Growth Centre Commercialisation Fund. It… Read more »

Future of work

From student to startup: A career path to modernise Australia’s economy

- July 14, 2021 3 MIN READ

In recent years, Australia has produced dozens of hugely successful technology companies including Atlassian, Canva, BigCommerce, Afterpay and Aconex.  The scale of their success shows that startups not only generate positive returns and recognition but also build technology and innovation capability, productivity and job creation.  Yet Australia is only ranked 23rd on the Global Innovation… Read more »