Misha Schubert,

The science and tech sectors are waiting for the government to act on Australia’s research grant mess

- January 24, 2024 2 MIN READ

Australia’s science and technology sectors have urged Federal Parliament to pass the Australian Research Council Amendment Bill – and make a key amendment that requires the research funding agency to notify successful applicants within 21 days of grant approval. In its submission to the Senate Committee on Education and Employment reviewing the Bill, Science &… Read more »

Prota Therapeutics CEO Prof Mimi Tang.

Allergies biotech startup Prota Therapeutics innoculated with $32 million in Series A1 raise

- January 17, 2024 2 MIN READ

Melbourne biotech startup Prota Therapeutics has raised US$21 million (A$32m) ahead of a Phase 3 clinical trial for its oral therapy treatment for peanut allergy. The round, a combination of equity and debt financing, was led by Singapore-based SPRIM Global Investments (SGI). Australian VC OneVentures was an early backer of the biotech and one of… Read more »

Alan Hunter

National Renewable Network secures $10 million for retail solar and battery roll out

- January 17, 2024 2 MIN READ

Green energy infrastructure startup National Renewable Network (NRN) has secured $10 million in funding as part of its ambition to provide low cost solar and battery setups to 250,000 Australian homes by 2030. The funding facility of up to $10 million has come from Catalytic Impact Capital, an impact/ESG-focused private credit business offering secured loan… Read more »

Godfrey Dinh, Futurerent

Rental income lending fintech Futurerent bags $50 million in debt funding for US launch

- January 11, 2024 2 MIN READ

Landlord borrowing alternative Futurerent, which lends property investors up to $100,000 of their rental income in advance, has secured $50 million in debt funding and is launching a new US division of the brand called Downpayments. The venture debt was provided by US VC Second Century Ventures and California-based lender Partners for Growth (PFG), which has… Read more »

Danny Molyneux Daniel Willis Jade Axford

The CEO of ad agency Claxon has launched a new VC and growth advisory firm, One03 Ventures

- January 9, 2024 2 MIN READ

A new venture capital and growth advisory firm to help startups move to scale-up has been launched by the chairman and CEO of advertising agency Claxon, Daniel Willis. One03 Ventures will focus on providing venture capital and/or growth advisory services to Australian businesses and brands with annual revenue between $2.5 million and $25m. Willis has… Read more »


Kiwi product development insights platform Ideally lands $2 million Seed round

- January 8, 2024 2 MIN READ

New Zealand customer insights innovation platform Ideally has raised $2 million in a Seed round as it looks to expand its presence in the Australian market. Auckland VC Icehouse Ventures backed Ideally, which emerged from TRA Labs and Previously Unavailable – the partnership behind brand tracking phenomenon Tracksuit. Ideally’s self-service platform tests product-market fit, delivering… Read more »

Ghazaleh Lyari and Johanna Young

Australian Business Growth Fund backs skin cancer prevention clothing brand Solbari with $10 million

- January 3, 2024 2 MIN READ

The federal government-backed Australian Business Growth Fund (ABGF) has backed it second business run by a woman, tipping  $10 million into  clothing brand Solbari, which produces clothing, hats and accessories focused on sun protection. Founder and CEO Johanna Young launched Solbari in 2014, having moved to Melbourne from Europe in 2011 following a career in… Read more »

Birchal directors Kellie Morton, Matt Vitale Kate O’Keeffe and Adam Vise

Birchal raises $2.39 million on its own crowdfunding platform

- December 22, 2023 2 MIN READ

More than 1,100 investors have backed crowd-sourced funding (CSF) platform Birchal in its own CSF campaign, raising $2.39 million. Alongside a range of retail investors, the cap table includes existing investor Dom Pym, cofounder of Up; Mckeage Cole Foundation MD Connie Mckeage; Giant Leap venture partner Peter Cameron; TodayPay founder Peter Cameron; Doshii founder Sean… Read more »

Mist's Dave Malcolm with Investible's Jayden Bash and his cofounder John Crutchley and Investible's Nick Ooi

International students app Mist pockets $1.6 million pre-Seed round

- December 18, 2023 2 MIN READ

An all-in-one finance and lifestyle app for international students has raised $1.6 million in Seed funding. Mist was backed by Investible, Allectus Capital, Archangel Ventures, Seedspace, and The Hunter Angels. It wants to become the go-to app for international students, offering a streamlined solution for relocating to another country to study, especially around banking and… Read more »

Brent Wijnberg

Digital lock startup Smartlox banks $600,000 in Seed raise

- December 15, 2023 2 MIN READ

A startup digitising security with what’s known as a digital lockout tagout (LOTO) has raised $600,000 in its Seed round. Smartlox is a cloud-based, real-time safety, security and smart access system that integrates with Nokē Bluetooth padlocks to increase the safety of frontline workers. It disrupts traditional lockout tagout practices through the use of electronic lockout… Read more »


Alice Anderson Fund backs wholesale marketplace Andisor in $1 million pre-Seed raise

- December 14, 2023 2 MIN READ

Online wholesale marketplace Andisor has raised a $1M pre-Seed funding round. The raise was backed by Antler, LaunchVic’s female founder-focused Alice Anderson fund, Jam Pad Investments, and several prominent retail operators and leaders. Andisor emerged out of the Antler program in 2021, with founder and CEO Vandana Chaudhry, building a platform to connect enterprise-level buyers… Read more »

Daniel Vassilev, Daniel Palmer and Jacky Koh

US VC Insight Partners doubles down on task automation startup Relevance AI in $15 million Series A

- December 14, 2023 2 MIN READ

AI-based workflow automation startup has raised $15 million in a Series A as it looks to ramp up its international presence. The round was led by King River Capital along with support from Peak XV’s Surge (the former Sequoia Capital India), and existing backers Galileo Ventures and Insight Partners. Relevance AI previously raised $4 million… Read more »

Omni Biotech founders Will Poot and Zac Farrow

Skalata backs WA hydration monitoring startup Omni Biotech in $300,000 pre-Seed round

- December 13, 2023 2 MIN READ

Perth startup Omni Biotech has raised a $300,000 in pre-Seed funding from Melbourne VC Skalata Ventures to help develop its hydration monitoring platform.  Curtin and Stanford University graduates Will Poot and Zac Farrow are Omni’s cofounders and are using the existing optical sensors in smartphones and wearable devices to monitor a wearer’s hydration levels in… Read more »