Tin Alley ventures
Venture Capital

Melbourne Uni’s new VC fund, Tin Alley Ventures, sets $200 million target after reaching $100m

- January 31, 2023 2 MIN READ

University of Melbourne’s new startup venture capital fund Tin Alley Venture has raised $100 million from a who’s who of the Victorian business establishment to back alumni founders. The uni chipped in $25 million to kick off the fund, a joint venture with John Wiley’s Tanarra Capital, in June last year. Seven months later, the… Read more »

Venture Capital

VCs say ‘the stupid is over’ when it comes to backing Australian startups

- January 19, 2023 3 MIN READ

‘Stupid money’ is out and smart investors are looking for opportunities in the Australian startup scene, say leading venture capital partners. Speaking at the Melbourne Startup Bootcamp at Bay City Labs yesterday, Skalata Ventures cofounder and CEO Rohan Workman called out the ridiculous funding rounds that had given startup founders unrealistic expectations. “It’s a great time… Read more »

raining money
Venture Capital

10 things the law firm behind investment deals for Atlassian, Mr Yum & Linktree thinks will happen in VC this year

- January 12, 2023 4 MIN READ

Leading law firm Herbert Smith Freehills advises some of Australia’s most successful tech companies on investment deals, including Atlassian, Mr Yum, Carma, Sonder, Culture Amp, Linktree, Who Gives A Crap, :Different, Pearler and Instant Checkout. After the dramatic shift in venture capital in 2022 following an exuberant two years during the pandemic, HSF venture capital… Read more »

Innovation Bay cofounders Ian Gardiner and Phaedon Stough.
Venture Capital

Innovation Bay is launching in Queensland and on the hunt for great local startups to back

- December 23, 2022 2 MIN READ

Angel investor community Innovation Bay is opening a Brisbane chapter  Horizon is moving to agnostic deal flow  Queensland founders can apply to pitch via Dealum Innovation Bay, the longest-running community for technology startups, scale-ups and investors in Australia and New Zealand, is launching in Queensland in 2023. Horizon, the 20-year-old organisation’s angel investor community, has… Read more »

Melt Ventures cofounders Steph Hinds and Trent Bagnall
Venture Capital

Melt Ventures launches $20 million Advanced Manufacturing Venture Fund

- December 13, 2022 3 MIN READ

Melt Ventures has launched Australia’s first dedicated Advanced Manufacturing Venture Fund and is already near to first close.  The Fund is investing in high-growth companies in the Advanced Manufacturing sector including clean technologies such as renewable energy  and storage, automation and robotics, agriculture and transport, as well as  advanced materials and space.   The VC fund… Read more »

raining money
Venture Capital

Square Peg’s Lucy Tan took a deep dive into the VC’s investments after criticism it didn’t back early stage startups – here’s what she found

- November 30, 2022 3 MIN READ

Three weeks ago, we received an influx of incredibly helpful feedback from founders after Paul Bassat reached out to the community via this LinkedIn post. One recurring theme in the feedback that resonated with me was: telling founders you invest early is actually not that helpful. Founders asked: what does ‘early’ mean? What does ‘seed… Read more »

Venture Capital

VC Square Peg just raised $860 million for two new funds to back new startups and double down on its portfolio

- October 26, 2022 2 MIN READ

Australian VC Square Peg Capital has raised US$550 million (A$860m) for its fifth fund, which it plans to use to continue backing its existing portfolio companies in later stage raises. The new fund takes total capital Square Peg has raised in a decade to more than US$1.6 billion (A$2.5bn) using the funds to back companies… Read more »

Ian Beatty
Venture Capital

Alternative liquidity investor SecondQuarter raises $83 million for 2nd fund backed by Andrew Forrest, Sam Kroonenburg & Dom Pym

- October 17, 2022 2 MIN READ

Secondaries investment fund SecondQuarter Ventures has raised $83 million as a first close for its second fund, just 18 months after launching with its first $51m fund. With that initial capital already deployed, existing backers have doubled down chipping in more than $50 million towards fund two. Another $30 million has come from new investors,… Read more »

Venture Capital

Telstra Ventures banks $500 million for Fund III focused on ‘c’

- September 13, 2022 2 MIN READ

Telstra Ventures has closed its third fund having raised $500 million to invest in what it calls “all the Cs”: cloud, cyber, crypto (including blockchain), carbon and climate, coders, creators and consumers. The corporate VC arm of Australia’s largest telco is based in San Francisco and primarily invests in tech firms, having made 88 investments in… Read more »