Regional NSW startup Cauldron has raised in $9.5 million (US$6.25m) in Series A for its fermentation technology, which hopes to transform how new foods and fibres are developed. The round was led by existing US investor Horizons Ventures, supported by CSIRO-backed Main Sequence, which also backed last year’s Seed round, as well as new supporters… Read more »
CSIRO-backed venture capital fund Main Sequence has added another woman to its ranks with Startup Daily contributor Dr Elaine Stead joining the deep tech investor as principal. Stead is the founder of Human VC, where she managed the South Australian Venture Capital Fund and cofounder of Brisbane fund Tribe Global Ventures. She was previously the… Read more »
The allure of San Francisco as startup mecca is a long-held dream for entrepreneurs with global ambitions, but increasingly Singapore is where Australian founders are heading to find their stride and make it all come true. Xylo Systems CEO and cofounder Camille Goldstone-Henry certainly found that to be the case. Goldstone-Henry, a Australian Women’s Weekly Women… 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 »
An advertising analytics startup offering a solution to the end of internet cookies to track marketing has raised $5 million in Seed funding The round for Prophet was backed by Australian Community Media owner Antony Catalano, Seek cofounder Matt Rockman and Cheuk Chiang APAC CEO of Dentsu Creative, among others. The business intelligence platform has been… Read more »
Proptech startup FLK it over has raised $2.5 million as it looks to expand beyond real estate with its electronic document signing solutions. Former real estate agent Andrew Colagiuri founded the startup in 2016, setting out to make administrative tasks, such as tenant signing, less cumbersome. He previously raised $2.13 million in 2022 from the… Read more »
The final cohort of startups with the potential to be worth $1 billion has been chosen by LaunchVic for its 30X30 mentoring program. 30X30 is a leadership program helps develop and mentor scaleup founders and their executive teams to build their companies – and hopefully reach unicorn status: a $1 billion valuation by 2030. The… Read more »
The Queensland government’s support for women in startups has continued with two grant programs under the $8 million Backing Female Founders initiative currently accepting new applications. The Accelerating Female Founders Program provides grants worth between $50,000 and $200,000 for business support initiatives, such as mentoring and advocacy support and customised business development activities, for female-led… Read more »
The Victorian government’s startup arm, LaunchVic, has a new bucket of grants of up to $300,000 for specialised angel networks to invest in pre-seed and seed rounds in the state. LaunchVic CEO Dr Kate Cornick said the new grant round would work to inject more capital into the market when early-stage funding in Victoria remained… Read more »
Brisbane solar battery startup Redback Technologies has handed its books to voluntary administrators. McGrathNicol were appointed administrators of Redback Operations Pty. Ltd on March 5, as the company was in Sydney exhibiting at the Smart Energy Expo. Redback continues to trade as the administrators seek expressions of interest for the sale or recapitalisation of all… Read more »
The theme for International Women’s Day this year is ‘Count Her In: Invest in Women. Accelerate Progress.’ For women in startups, venture capital investment in them is already a hot topic, with female founders receiving 4% of the $3.5 billion in capital deployed in 2023. That’s a literal invest in women and still has a… Read more »
Wellbeing expert advice marketplace Anni has banked $1 million in a Seed raise just five months after launching. The round has backed by several unnamed high net worth individuals and family funds and will be used to build out the wellbeing platform in areas such as online video consults, digital goods and distributed cross-platform on-demand… Read more »
A Victorian startup based at Monash University has raised $9 million to develop carbon-neutral “green” ammonia for the agriculture sector. Jupiter Ionics is the result of research by scientists at the university’s School of Chemistry, Prof Doug Macfarlane, and Assoc Prof Alexandr Simonov. The electrochemical technologies they’ve developed has resulted in modular ammonia production systems… Read more »
Sydney fintech Avenue Bank has been granted a full banking licence by the financial regulator APRA. Avenue has been on what’s known as a a restricted Authorised Deposit Taking Institution (ADI) licence since mid-2021 after raising $37 million in a series B earlier that year. The granting of a full ADI by the Australian Prudential… Read more »
The annual FinTech Australia Finnies Awards will return to Sydney for the presentation night in June after six years in Melbourne. The awards, now in their eighth year, were first held in Sydney in 2016 then 2017 before heading south. The presentation night will be held on June 6 at Doltone House in Jones Wharf,… Read more »
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