MGA Thermal has added climate tech fund Electrifi Ventures and Climate Salad to its cap table with another top up of the clean energy startup’s pre-Series B, taking the total raised to $14.15 million. While the Hunter Valley startup, developed what it calls Miscibility Gaps Alloy (MGA) Blocks to absorb and store thermal energy made from… Read more »
Skip Capital has led a $6.6 million raise for a construction tech platform that keeps track of quality and compliance during a build. The first raise for three-year-old Melbourne startup Visibuild was also backed by unnamed private and non-institutional investors, with the funding earmarked for product development as the business looks to expand across Australia… Read more »
The Victorian government will invest $150,000 each to create 50 new startups and pay their salary for the year as part of an entrepreneurship program run by Breakthrough Victoria. Treasurer and economic growth minister Tim Pallas announced a $7.5 million million investment in the Breakthrough Victoria University Innovation Platform Fellowship Program, which will establish up… Read more »
Perth VC fund Purpose Ventures has continued a busy week leading a $4 million raise for mental healthcare marketplace My Mirror. Purpose also backed a $2 million raise for WA venue booking startup SpaceToCo this week. The round for My Mirror was also supported by new and existing investors, including Roger Allen, the pioneering startup… Read more »
Western Australian venue rentals startup SpacetoCo has raised $2 million from Purpose Ventures, as the booking platform look to take its international ambitions to the UK. SpaceToCo simplifies the venue hire process for owners such as local government and community centres. Its enterprise-level software streamline the booking process and reduces repetitive administration tasks as well… Read more »
A biotech startup hoping to use gene therapy to treat neurodegenerative diseases such as Motor Neurone Disease (MND), epilepsy and dementia has raised $16.75 million in a Series A. The round for Celosia Therapeutics was led by research commercialisation fund Uniseed, with support from UniSuper and hedge fund manager Iomar Barrett, who has amyotrophic lateral… Read more »
An estate planning platform that has digitised writing a will has raised $17 million in a Series B. The round for Safewill was co-led by King River Capital and existing backer Reinventure. Also doubling down were Carthona Capital and Flying Fox Ventures. Safewill previously raised a $5.5 million Series A extension in May 2023 topping… Read more »
Leading investor in university-originated deep tech, IP Group Australia, has announced a new A$125 million contribution from Hostplus to the IP Group Hostplus Innovation Fund. Hostplus has added to its existing A$310m investment to bring its total commitment to $435m, backing companies like green hydrogen pathfinder Hysata, chronic lung disease therapy biotech RAGE and sustainable… Read more »
FB10X, an angel investor syndicate comprised of seasoned executives from leading Australian companies, has announced its latest investment in Heatseeker, a pioneering market experiment platform designed for fast-growing businesses. This investment underscores FB10X’s commitment to backing innovative startups and fostering a more equitable entrepreneurial landscape. Heatseeker co-founder Kate O’Keeffe expressed her enthusiasm for the partnership,… Read more »
A group of Australian-based Harvard Alumni will fund two new scholarships to send an entrepreneur and an investor to attend the Harvard Business School Executive Education Course in February 2025. The scholarships are the brainchild of three graduates of Harvard College and senior technology industry executives: Antler Australia founding partner, Bede Moore; Unseen cofounder and… Read more »
US genetic engineering and biosciences startup Colossal has donated US$1.5 million (A$2.3m) to the University of Melbourne to support Australian avian conservation genomics. The funding has come from the Colossal Foundation. Colossal was founded software entrepreneur Ben Lamm and geneticist George Church in 2021 and went on to raise more than US$225m in venture funding.… Read more »
Sydney quantum computing software startup Q-CTRL has been awarded $2.75 million contract by the federal government as part of a plan to deliver the defence sector additional capabilities in quantum and counter disinformation technologies. The Advanced Strategic Capabilities Accelerator’s (ASCA) Emerging and Disruptive Technologies (EDT) program has signed 21 contracts as part of an investment… Read more »
Last week the industry and science minister Ed Husic stood in front of Australia’s tech titans at the National Tech Summit, telling them the $15 billion National Reconstruction Fund was about to announce its first investments. Today Husic delivered on the promise, announcing $40 million for a manufacturer in Queensland. The funds went to Toowoomba-based… Read more »
A recent change of government in the Sunshine State has not slowed the Queensland Investment Corporation’s (QIC) enthusiasm for backing venture capital firms eager to invest in local startups. QIC joined Westpac and the Clean Energy Finance Corporation (CEFC) as a cornerstone investor in Virescent’s new $200 million climate tech fund (Fund II), reportedly tipping… Read more »
Melbourne startup Viewa has raised a $300,000 pre-seed round from Skalata to bring augmented reality (AR) into the online shopping experience. An extraordinary 80% of Australians shop via their mobile, making it a challenge to create an experience that leads to sales. Viewa uses 3D, AR and generative AI to lift products from the page… Read more »
Nearly 9000 taxi drivers just scored $152 million from Uber as compensation for its illegal launch in Australia 
Zip cofounder Larry Diamond backs online death planning startup in $17 million Series B 
3 amazing scientific breakthroughs thanks to 2024 video game research 
Breakthrough Victoria pivots with $7.5 million startup fellowship program to create 50 startups 
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