After the federal government committed hundreds of millions in funding to PsiQuantum as part of a $940 million deal to bring the US quantum computing startup to Brisbane, many in the startup sector are wondering if that’s the start of a golden for Commonwealth cash, or the equivalent of blowing you night out budget on… Read more »
Digital beef cattle management platform AgriWebb has raised US $US7.2 million (A$11m). The 10-year-old startup attracted listed Swedish climate solutions firm Munters Group as a new investor, with existing backers Germin8 Ventures, Grosvenor Food & AgTech, and Telus Ventures, the VC arm of the Canadian telecommunications giant, also part of the round. AgriWebb, founded in… Read more »
Judy Anderson-Firth is CEO of Euphemia, the family office of serial entrepreneur Dom Pym, founder of UpBank. She recently sat down with Cheryl Mack from Aussie Angels and Maxine Minter from Co Ventures to talk about her experience as an investor on their podcast, First Cheque. It’s both an aspirational and practical discussion, where Anderson-Firth shares… Read more »
Gaming content generation platform Stori has rebranded as Nucanon having raised $500,000 in what the startup says is another pre-Seed raise. The latest round was led by Skalata with support Outlier Ventures, Paperclip Partners, and Sydney FC CEO Mark Aubrey, as well as existing investor Antler. Launched in 2022 by Nilushanan Kulasingham, who built his… Read more »
A Sydney-based online customer support platform using AI to answer questions has raised $3.85 million. The raise for Brainfish was led by Peak XV (the renamed Sequoia Capital India), with support from Macdoch Ventures, Black Sheep Capital, MadPaws CEO Justus Hammer and US and Australian angel investors. It’s the second round for the business in… Read more »
A new category, Best Tech Journalist, launched for 2024 Applications for ATC 2024 close on May 24. The annual Australian Technologies Competition (ATC) is back for 2024 to help local startups ready to scale up their global potential. Now run by scale-up services and capital provider Scalare Partners, the competition has been a cornerstone of the… Read more »
Fintech Kashcade has raised an additional $1 million from existing investor Prandium Capital and several high net worths, alongside a $22 million warehouse facility funded by asset-backed lending specialist Rixon Capital. The digital lender offers startup founders non-dilutive capital and will use the debt warehouse to expand into the R&D lending space, so companies can… Read more »
Three space tech startups have received $18 million under the International Space Investment India Projects program, funded by the Australian government. Western Australia’s LatConnect60 received close to $5.8 million to develop and build a Low Earth Orbit satellite in Australia to collect information on carbon emissions at a very high resolution. The satellite will be… Read more »
Airwallex is offering to waive initial FX fees for startups as part of a new program for the sector. The foreign exchange fintech has launched Airwallex for Startups, with vice president of small-to-medium enterprises and growth, Matthew Sek, saying it’s been designed to unlock growth opportunities for startups and help them get their finances in… Read more »
Outdoor advertising startup Doohly has raised $500,000 in a pre-Seed round. The raise was backed by Melbourne VC Skalata along with Archangel Ventures, with the funding earmarked to expand Doohly’s digital-out-of-home (DOOH) offering. The startup is an end-to-end programmatic ecosystem for DOOH advertising, combining an independent content management system (CMS) with native integrations to a programmatic… Read more »
A Melbourne construction supply chains startup has raised $2.9 million in a Series A as it looks to expand into China. The round for Matrak was led by Singapore-based G&M Capital alongside Sydney VC Our Innovation Fund, former Aconex chairman Simon Yencken and others. Matrak was cofounded by Shane and Brett Hodgkins in 2018 with… Read more »
An AI-powered research and insights discovery platform for research papers has raised $750,000 in a pre-Seed round. The raise for Outread was backed by the Techstars Accelerator and Google chief scientist Jeff Dean, as well as Google VP of finance Fiona Bones. The research and insights platform was founded in 2023 by siblings Janhvi and… Read more »
A legal tech startup cofounded by two lawyers has raised $1 million in pre-Seed funding, backed by LaunchVic’s Alice Anderson fund for female founders. Deeligence, founded by Elena Tsalanidis and Justin Hansky, is using artificial intelligence to tackle legal due diligence. They conceived the idea for the startup after realising that most law firms are still… Read more »
While Katherine Bennell-Pegg is not there yet, she’s now at least qualified for the career she wanted more than two decades ago in high school: astronaut. Adelaide-based Bennell-Pegg, 39, became the first qualified astronaut under the Australian flag this week after completing her training at the European Space Agency’s Astronaut Centre in Germany and now… Read more »
Brisbane startup Biza.io, which help banks and others navigate the introduction of the Consumer Data Right (CDR) has promoted the company’s head of customer success, Jessica Booth, to the newly created role of chief operations officer (COO). Booth joined Biza in September 2023, having previously worked at cloud enterprise software startup Mastt, as well as holding… Read more »
Daily startup news and insights, delivered to your inbox.
