A developer platform created by former Atlassian product managers to tackle the missing AI engineering and security skillsets in enterprise software engineering teams has raised $11.5 million in a Seed round. The funding for Melbourne-based Redactive AI was co-led by Californian VC Felicis and local VC Blackbird, supported by Atlassian Ventures and US automated workflows giant… Read more »
Antler in Australia has unveiled seven new pre-Seed startup investments as part of its Portfolio Spotlight event tonight. The early-stage VC invests $225,000 at a $1.875 million post-money valuation for a 12% stake. The seven are part of the 29 investments Antler in Australia has made over the last 12 months. Antler partner James McClure… Read more »
Cicada Innovations has revealed the 23 startups to take part in this year’s Cicada xTech23 event next month. The 23 were chosen from more than 143 applications nationally and span five categories asking big questions about building the future with systemic solutions to broad-reaching problems. They range from wireless charging startup Aquila, which last month… Read more »
While podcasts have become all the rage when it comes to talking to founders about startup life, NiceTo founder Preethi Mohan has decided to take things to the next level with a live talk show shining a spotlight on the superstars of ecosystem. The Startup Palette Show, presented by NiceTo, and supported by Investment NSW,… Read more »
Early stage investment company Antler Australia recently backed a new cohort of startups as part of its ongoing program to build great local tech companies. Startup Daily is sharing the details of each venture in the “Antler Investor Memos” series, which is designed to give you a quick, sharp understanding of the startups and people… Read more »
Power giant Origin Energy has taken a 20% stake in six-year-old energy management startup Climatech Zero for an undisclosed sum. The business was spun out of the merger of Sydney mechanical services (ie. air conditioning, heating, ventilation and plumbing) design and construction firm Climatech Group and Irish sustainability software business CoolPlanet, in 2018 before rebranding… Read more »
Sydney B2B hospitality supplies platform Marketboomer has raised $4.9 million in a round led by Salter Brothers Tech Fund. It’s the second investment made by the Melbourne fund manager, which in February, stitched together the $74m takeover bid for small business lender Prospa to take it private after five years on the ASX. Marketboomer is… Read more »
Mentwell, a gift card healthcare startup that’s honed in on mental health and wellness, has raised $228,950 in a crowdfunding campaign. The Birchal campaign in June was backed by 117 investors as the platform looks to expand into the US and UK markets. Mentwell founder and CEO Nikki Williams said her mission is to revolutionise… Read more »
Sydney-based Dash Technology Group has raised $22 million in a round led by listed venture fund Bailador Technology Investments (ASX:BTI). The Bailador deal will see the VC invest an initial $15 million now with $5m in follow-on funding in six months in January 2025. Dash is a cloud-based financial advice and investment management software platform… Read more »
A construction site safety management startup has raised $4 million as it looks to expand internationally. 1Breadcrumb is a worksite and process management software platform, initially focusing on construction, with ambitions to spread to other worksites to improve safety and productivity. Nearly two-thirds of construction sites still use paper-based workflows. The company plays in a… Read more »
Virtual sailing could assist with mental health treatment according to researchers at Swinburne University of Technology, who’ve launched a world-first digital project to manage Major Depressive Disorder (MDD). The Swinburne researchers will use the cutting-edge technology of industry partner Virtual Sailing, which involves a sailing simulator (a boat with highly realistic movement on sailing navigation) and… Read more »
A renewable energy company installing home solar and batteries has raised $1 million in pre-Series A bridge funding round. The cofounder of rideshare car subscription service Splend, Alan Hunter, launched National Renewable Network (NRN) in 2021. Last Christmas NRN banked a $3.5 million raise alongside a $10 million funding facility from Catalytic Impact Capital. Investible… Read more »
Food and agriculture advisory and venture firm Beanstalk AgTech has launched a venture program to support researchers and entrepreneurs build new agtech products and services for farmers. The $10 million project is working towards building the world’s first venture studio for drought resilience, supported by the federal government’s Future Drought Fund. Expressions of interest for … Read more »
Artificial intelligence (AI) is the hottest sector for startup investors globally right now. And if you’re a founder on the hunt for funds to build your idea, you need AI as a key part of the arsenal to grab their attention. Australia’s most successful tech companies, including Canva and Atlassian, have made generative AI central… Read more »
Women’s jobs site Freelancing Gems has been acquired by regional community and Women’s Awards program Beam in Business. Freelancing Gems cofounders Fleur Madden and Kirsty Jackson launched the site in 2020, as Covid hit, using AI-driven matching models to connect women to their next remote, part time, freelance, contract role. The site also champions women… Read more »
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