Xylo Systems, an AI-based data platform to help people manage and preserve threatened species, is one of eight companies backed in the first round of investment by Sydney VC Investible’s early-stage Climate Tech Fund. The total committed by Investible to the climate startups was not revealed, with the fund still raising towards its $100 million… Read more »
Telstra Ventures has closed its third fund having raised $500 million to invest in what it calls “all the Cs”: cloud, cyber, crypto (including blockchain), carbon and climate, coders, creators and consumers. The corporate VC arm of Australia’s largest telco is based in San Francisco and primarily invests in tech firms, having made 88 investments in… Read more »
Before you start pitching, roleplay the investor perspective Pitches need to be given from the perspective of the investor. These things are too often forgotten The investor’s job is to make a financial return for their investors. They get thousands of pitches per year. This means they are distracted and also that they’ve probably heard… Read more »
Investors in OIF Ventures have given the Sydney VC a ringing endorsement pouring another $140 million into its third fund – $40 million more than the original plan. A majority of Fund III’s capital came from existing investors in OIF Ventures Fund I and Fund II, which includes ASX-listed company execs, family offices and high… Read more »
Seven West Media’s venture capital arm has thrown its weight behind a new proptech startup consortium by former Domain boss Antony Catalano and investor Alex Waislitz targeting the real estate sector. View Media Group (VMG) is a real estate digital media and agent services business, involving B2C and B2B proptech platforms. They include The Today… Read more »
WA mining billionaire Andrew Forrest has turned his investment attention to the health tech sector, with a new $250 million venture capital fund. The VC, Tenmile, is being backed by Tattarang, the Fortescue Metal Group founder’s private investment company. Tenmile will target startups focused on unmet medical needs that support sustainable and equitable healthcare, offering seed… Read more »
Early stage venture capital fund Tidal Ventures has appointed Georgina Turner as Partner as the VC continues raising $80 million for its third seed-stage fund. A former investment banker, Turner has been a principal at Tidal since 2019, leading six deals and working on more than 20 others, including exits and IPO listings. Tidal Partner… Read more »
Welcome to Giant Leap’s Small Steps, a newsletter offering global insights and news on the impact startups landscape. We share 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 broaden… Read more »
LaunchVic’s Alice Anderson Fund is now a quarter of the way through its ambitious plan to back 60 female-led startups by 2024, just one year after it launched. Since launching in July 2021, the sidecar fund’s co-investments of between $50,000 and $300,000, for a combined $2.5 million, have gone to 11 early-stage startups, leveraging a… Read more »
Every week on the Startup Daily TV show, we talk to more than two dozen founders, CEOs, investors and experts about what’s happening in tech. Now you can catch the best of the show with the weekly podcast, SUDS. Each week on SUDS host Simon Thomsen has a special guest join him to discuss the… Read more »
The process of raising startup funding is notoriously difficult for early-stage founders and even more so when you don’t have strong connections to the investment community. Simply knowing where to start and how to break in can be the biggest challenge. Networks have historically been the key to opening the door to funding for early-stage… Read more »
In a year marked by rising inflation, economic chaos, imploding financial markets, a tighter VC market and retreating institutional investors, many entrepreneurs are likely wondering how they can possibly convince investors to buy into their big ideas. It’s a conundrum faced by even successful executives like Bob Iger, a 15-year CEO of entertainment giant Disney… Read more »
Motoring association the NRMA is a cornerstone investor in a new agrifood tech fund backing startups focused feeding the world. The sustainability-focused agriculture and food technology venture fund Mandalay Fund I by Mandalay Venture Partners now has more than $21 million in commitments towards its first close, with an ultimate target of $50 million. NOVONIX co-founder… Read more »
The University of Melbourne is launching two new major investment funds, worth a combined $115 million, to help researchers commercialise their work in new startups. The $15 million University of Melbourne Genesis Pre-Seed Fund, established in conjunction with Breakthrough Victoria, will provide funding for early-stage research, ideas and new technologies and will facilitate access to… Read more »
Last month, I mentioned a recent trip to North America where after meeting with many investors and founders across different stages and sectors, I counselled startup founders to brace for turbulence. Since the beginning of the year, major share market indices are down, with some tech company indices down even more. Inflation across developed countries… Read more »
The lessons from Uber, Ola and rideshare’s disruption is that in the end, the consumer still pays 
Unicorn dehorned: Nasdaq-listed Brisbane EV charging venture Tritium collapses into receivership 
‘Have I gone too far?’ How founders can beat their startup demons 
Here are the finalists in Fintech Australia’s 2024 Finnies awards 
Daily startup news and insights, delivered to your inbox.
