Funding

Generation Instagram startup The Daily Aus banks $1.2 million from Canva execs and former Nine boss David Gyngell

- June 27, 2022 2 MIN READ

Digital news channel The Daily Aus, which has pioneered a social media-first approach to current affairs for younger Australians, has raised $1.2 million in Seed funding. The round was led by media former Nine CEO David Gyngell, supported by Canva executives Zach Kitschke and Rob Kawalsky, as well as festival  the Untitled Group. The backing from… Read more »

Funding

US VC giant a16z backs female-led game studio Lumi Interactive in record $9.76 million Seed round

- June 22, 2022 2 MIN READ

Andreessen Horowitz’s legendary US VC fund a16z, has led a US$6.75 million (A$9.76m) Seed raise into Australian women-led game studio Lumi Interactive. The oversubscribed round was also backed by 1Up Ventures, Galileo Ventures, Heracles and Double Loop Games founder Emily Greer. Lumi sees its mission as making the world a kinder place, and plans to… Read more »

Funding

Green hydrogen startup raises $1.38 million from crowdfunding

- June 22, 2022 2 MIN READ

Aspiring green hydrogen producer LINE Hydrogen has raised $1.38 million from crowdfunding as it looks to play its part in Australia’s renewable energy mix. The Tasmanian startup, alongside the Bell Bay Solar Farm, is hoping to become one of Australia’s first 100% renewable commercial-scale hydrogen producers and distributors, with production beginning in early 2023. LINE’s… Read more »

Funding

Funerals startup Bare raises $10 million Series A

- June 21, 2022 2 MIN READ

Western Australian funeral industry challenger brand Bare has raised $10 million in a Series A. The round was led by Perennial Partners and Ord Minnett Private Capital. The company, previously known as Bare Cremation counts OIF Ventures, Athletic Ventures, Who Gives A Crap founder Simon Griffiths and former basketballer Andrew Bogut among its backers and… Read more »

Justin Wastnage
Funding

Video collaboration scaleup Vloggi looks to raise $1 million in Seed round

- June 17, 2022 2 MIN READ

Video collaboration scaleup Vloggi has secured a key angel investor at it looks to raise $1 million in a Seed round Vloggi founder Justin Wastnage said serial entrepreneur Sascha Manuel-Reuter, founder of file transcoding platform Doctape, made a “significant commitment” to the raise. Manuel-Reuter sold Doctap to Atlassian in 2014 and it’s now integrated into… Read more »

Funding

Melbourne Uni launches two investment funds, worth $115 million, to back research commercialisation startups

- June 16, 2022 2 MIN READ

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 »

Funding

Parcels drop off startup Hubbed banks $12 million from government-backed investor Australian Business Growth Fund

- June 15, 2022 2 MIN READ

Last mile delivery startup HUBBED has landed $12 million from the Australian Business Growth Fund (ABGF) in a deal that sees the big banks and government backed venture capital fund take a 30% stake in the logistics business.  Amid an explosion in parcel delivery in recent years, HUBBED offers designated collection points across 2,150 convenient… Read more »

Funding

A climate tech startup, inspired by shark skin to reduce drag on planes, bags $5.6 million Seed round

- June 15, 2022 2 MIN READ

A manufacturing startup taking inspiration from the streamlined design of shark skin to reduce drag on plans has raised $5.6 million in a Seed round. The raise for MicroTau was led by the Clean Energy Finance Corporation (CEFC), chipping in $2 million, supported by Bill Tai and Amanda Terry of ACTAI Ventures and Bandera Capital. The… Read more »

Funding

Estate management platform Willed raises $6 million

- June 14, 2022 2 MIN READ

Will and estate planning startup Willed has raised $6 million as it looks to expands its services to deal with issues such as cryptocurrency. The SaaS startup’s backers include Thorney Investment Group, Ellerston Capital, Paul Dwyer, founder of PSC Insurance, and Bell Potter’s Hugh Robertson. Dwyer has joined the Willed board as a non-executive director.… Read more »

Funding

VAPAR, the pipeline inspection startup founded by two female engineers, just raised a $2.5 million Seed round

- June 9, 2022 2 MIN READ

AI-based stormwater and sewerage pipeline maintenance software VAPAR has raised AUD$2,500,000 in seed funding for its global expansion plans. The raise was backed by LSE-listed Halma Ventures and Australian Sprint Ventures, Access Capital Ventures and Barry Winata’s Metagrove Ventures.  Female engineers, Amanda Siqueira, CEO, and Michelle Aguilar, CTO, co-founded VAPAR in 2018 after witnessing first-hand… Read more »

Funding

Ocean Impact Organisations chooses two Australian startups for its first accelerator

- June 9, 2022 2 MIN READ

Australia-based Ocean Impact Organisation has selected six startups from around the world for its inaugural Ocean Impact Accelerator Program. Revealing the startups on World Ocean Day, OIO co-founder and CEO Nick Chiarelli said two of the companies, Nuvoe from Sydney, and Uuvipak from Brisbane, are among the six potentially game-changing startups involved in the 7-month… Read more »

Funding

This female-founded startup wants to build better managers – and raised $6.8 million in Seed funding to do it

- June 8, 2022 2 MIN READ

Two women who founded a startup on opposite sides of the world to help people be better managers has just raised $6.8 million in Seed funding. Lauren Humphrey and Melissa Miller spent more than a decade developing managers in senior roles at US unicorn startups Gusto and Brightwheel, before launching The Mintable from Sydney and… Read more »

Funding

Teaching aid platform Edrolo raises $40 million Series B

- June 7, 2022 2 MIN READ

Edtech startup Edrolo has raised $40 million in a Series B that’s drawn the attention of four superannuation funds. The round was led by Blackbird, supported by AirTree and retirement funds Aware Super, HESTA, NGS, and Telstra Super.  The 10-year-old venture’s goal is to improve the resources and content schools use for teaching and learning. Edrolo… Read more »

GO1
Funding

GO1 doubles its valuation to $2.8 billion after $100 million raise

- June 7, 2022 2 MIN READ

Brisbane-based online corporate training marketplace GO1 has seen its valuation double to US$2 billion (A$2.8bn) after raising an additional US$100 million. The raise saw newly created Sydney edtech investment fund Five Sigma sign on as a new investor, with existing backers, including AirTree Ventures, Blue Cloud Ventures, Madrona, Salesforce Ventures, and SoftBank Vision Fund 2… Read more »