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 »
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 »
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 »
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 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 »
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 »
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 »
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 »
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 »
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 »
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 »
Drone delivery venture Swoop Aero has raised $16 million in a Series B as it looks to expand into new markets. The round was led by the CSIRO’s VC fund Main Sequence, with support from Melbourne impact fund Giant Leap and US investor In-Q-Tel, the defence tech investment arm of the CIA. Artesian and Folklore… Read more »
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 »
Adtech startup Veridooh has raised $5 million in a Series A as it looks to expand offshore. The round was led by EVP and partner Dan Szekely will join the Veridooh board. Jelix Ventures, Saniel and Gravel Road also participated. It’s the company’s first external funding after launching in 2019. Veridooh’s platform is designed to… Read more »
Raising capital is a massive challenge for any startup. It’s not just the who, what and where – it’s the how. There are generally two types of capital available to a startup or scaleup: debt and equity. Debt capital is the kind you’re used to: you borrow money from a lender and pay it back… Read more »
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