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Funding

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 »

Milkrun
Funding

Milkrun, the last local grocery delivery standing, is still trying to find fresh capital after raising $75 million

- January 27, 2023 3 MIN READ

Rapid grocery delivery service Milkrun tried to raise additional cash twice in 2022, despite starting the year with $75 million from Tiger Global in a Series A last January, but couldn’t attract investors amid the financial failure of its rivals. The Australian reports that the Sydney startup touted its Series B pitch deck to potential backers… Read more »

Joel Anderson, Brad Martin and Elizabeth Kirk
Funding

Employee wellbeing startup Foremind raises $200,000 for construction industry mental health support

- January 25, 2023 2 MIN READ

Employee wellbeing startup Foremind has raised $200,000 in Seed funding from early stage investor Skalata Ventures. The cash will be used to improve access to mental health support in the construction and building sector.  Cofounder and engineer Joel Anderson was inspired to build Foremind after a poor experience using an Employee Assistance Program (EAP). Around… Read more »

Ferronova CEO Stewart Bartlett
Funding

South Australian biotech startup Ferronova banks $11 million to tackle cancer treatment

- January 23, 2023 2 MIN READ

Adelaide biotech company Ferronova has raised $8 million from investors topped up with a $3 million research grant from the federal government for its nanoparticle platform to help surgeons to locate and remove malignant cells in stomach and brain cancers. Irish healthtech venture Renew Pharmaceuticals led the raise, supported by existing backers Uniseed and Artesian… Read more »

Cows
Funding

Bill Gates, Twiggy Forrest back livestock emissions reduction startup Rumin8 in $17 million Seed top up

- January 23, 2023 2 MIN READ

Microsoft founder Bill Gates has made his first investment in an Australian startup, backing Perth-based climate tech venture Rumin8 in a US$12 million (A$17m) second phase of its Seed round. The raise was led by the Gates-founded VC firm Breakthrough Energy Ventures (BEV), with participation from fellow billionaires Andrew and Nicola Forrest via their agri-food… Read more »

GeoMoby, Chris Baudia, Mathieu Paul
Funding

Perth mining and consctruction startup GeoMoby raises $3 million to keep workers safe

- January 20, 2023 2 MIN READ

Location technology startup GeoMoby has raised $3 million from multiple European investors to fund the further rollout of its technology to the mining industry. Some major investments by French companies and individuals delivered the bulk of the raise, with additional funds from existing local shareholders as well as a strategic partner Agreement Hub, alongside a… Read more »

Funding

The NSW government is tipping $40 million into bioscience startups

- January 18, 2023 < 1 MIN READ

The NSW government has launched a new $40 million fund to back bioscience startups. The Biosciences Fund (BioSF) comes just days after the state government announced $7 million quantum computing commercialisation fund, and backing for the Techstars accelerator program to set up at Tech Central in Sydney. Science, innovation and technology minister Alister Henskens said… Read more »

Chamil Fernando
Funding

Payments fintech Alii hits $10 million valuation with $2.5m pre-Series A raise

- January 16, 2023 2 MIN READ

Queensland software startup Alii has raised $2.5 million in a self-described pre-Series A round that values the business at $10.25 million. The round was led by Brisbane private wealth fund Maranello Capital, which previously invested in the seed round in 2021. The subscription software platform straddles fintech, edtech and regtech to deal with accounts payments… Read more »

Funding

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 »

Milo
Funding

Australian-founded communications startup Loose Cannon Systems raises $12 million in Series A

- January 11, 2023 < 1 MIN READ

A company that created a hands-free walk-talkie replacement for outdoor adventurers has raised A$12 million in a Series A, just months after shipping its first product. Loose Cannon Systems was founded by Peter Celinksi, the former CTO at Denon & Marantz, and was previously the founder of Avega Systems, which sold to Altec Lansing in… Read more »