When it comes to disruption, the COVID pandemic offered a masterclass for startup founders. It was the best and the worst of times, with the acceleration towards a digital economy backed by the tailwinds of what appeared to be unlimited capital… Then suddenly, central banks wrought their own brand of disruption on venture capital with… Read more »
A Sydney venture fund that co-led agtech startup Loam Bio’s huge $105 million round, has raised $220 million in a Series A. Sydney-based Wollemi Capital, founded in 2021, is the brainchild of former Macquarie Capital boss Tim Bishop and Boston Consulting Group’s Asian venture exec Paul Hunyor. The pair set out to raise $100 million,… Read more »
Early-stage VC firm Black Nova has launched a new fund seeking a target of $35 million as it aims to hit early stage B2B tech companies with some much needed extra capital. Black Nova managing partner Matt Browne said the new fund’s direction will complement the work of Black Nova’s original fund that raised over… Read more »
Australian VC firm OIF Ventures has launched its new Opportunity Fund into which investors have already committed $55 million to focus on later stage startups that already have a proven track record. The fund will aim itself toward technology businesses with more than $10 million in annual revenue, strong growth, and competitive advantage – B2B… Read more »
There’s been a changing of the guard at Australia’s first angel investor network for women-led startups, Scale Investors, with the founding team selling the business to the current management team Scale was created a decade ago by Susan Oliver, Carol Schwartz, Annette Kimmitt and Laura McKenzie. Over that period the angel investors backed 47 women-led… Read more »
Jamie Dimon, chair and CEO of JP Morgan Chase, has been dubbed the king of Wall Street, while also being seen as America’s “least-hated banker”. He’s seen as a level head in banking circles, so his views on the sudden collapse of Silicon Valley Bank (SVB) last month, which sent shockwaves through the global tech… Read more »
Women-led startups and others tackling climate and sustainability-related issues are emerging trends Australia’s impact startup ecosystem, a new report from VC Giant Leap reveals. A snippet above a quarter (26%) of the impact opportunities reviewed by Giant Leap come from women-led ventures, a touch above the 23% average in the broader ecosystem. Meanwhile, a majority… Read more »
Australia’s biggest venture capital fund, Blackbird Ventures, is the favourite among startup founders according to a new ranking charting how “founder friendly” VCs are. Like the Hottest 100, Eurovision and GOAT rankings in every sport, the list is bound to spark controversy for the notable absences of some leading names in the top 25, while… Read more »
At Main Sequence, we back early-stage founders who are creating the future with cutting-edge science & frontier technologies. But beyond having a focus on deep tech, there are a range of capabilities that set us apart when compared to generalist investors. Here are a few unique things that deep tech investors can bring to the… Read more »
A new $40 million venture capital fund has recruited former Salesforce Ventures boss Mike Ferrari as managing director as it looks to back early-stage startups developing sovereign capabilities. Salus Ventures is the first dedicated early-stage Australian fund to invest in founders developing cutting-edge tech for commercial and government markets. It will back from Seed to… Read more »
Venture capital firm Antler Australia has thrown down the gauntlet on the worth of early-stage startups, upping its investment levels and the post-money valuations for companies it backs. Under new terms announced today, Antler will increase its initial investment by $35,000 to A$225,000 for the same 12% equity stake. The new deal increases the post-money… Read more »
Amid a plethora of analysis of Australian venture capital funding in recent weeks, one report truly stands out because it captures the numbers by talking to the venture capital investors involved. The recently released 2nd edition of The State Of Australian Startup Funding report, from Cut Through Venture and Folklore Ventures, reveal a record number… Read more »
Software-focused venture capital firm EVP has closed its fourth fund after hitting its $100 million final target. The business-to-business (B2B)-focused VC now has more than $270 million in funds under management amid more than 40 early-stage startup investments in software companies in Australia and New Zealand, including Ignition, Deputy, Shippit and Hnry. The sole trader… Read more »
Startup funding in 2022 hit $7.4 billion It’s a 30% fall on 2021, but less than a global drop of 35% Investors made 712 deals Female founders receive more deals, but less funds Investment has grown 5x in 5 years It’s a great time to be an early-stage founder, a new analysis of Australian startup… Read more »
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 »
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