You can argue over the state of investment for women until the (100% female) cows come home – surprise, surprise, it was shit again in 2024 – but there’s other data in The State of Startup Funding Report 2024 that suggests all is not well in the state of venture capital. More than half (55%)… Read more »
Mimecast cofounder and angel investor Peter Bauer has led a $2 million Seed round for superannuation industry regtech Nuj as part of a $4 million equity and debt deal for the startup. Nuj, founded in 2020 by Matthew McKenzie, is a data platform and insights engine positioned between superannuation funds and the regulator, delivering real-time insights… Read more »
Five Australian startups have scored $3.6 million in Moon to Mars supply chain capability grants as part of NASA’s ambitions to explore beyond the chunk of rock orbiting 384,400km from Earth. South Australian company entX scored $1 million to develop a radioisotope heater unit. The unit will help payloads withstand the extreme low temperatures on… Read more »
Atlassian ‘s share price is up more than 26% in the first month of 2025, with the software company’s December quarter results thrilling investors as subscription revenue beat forecasts, growing by 30% in 12 months. Cofounder and CEO Mike Cannon-Brookes has effectively seen his personal wealth double in just six months as the tech stock’s… Read more »
Diag-Nose.io, a Melbourne, biotechnology startup using artificial intelligence (AI) to help people breathe more easily, has raised $3.15 million in Seed funding. The round was led by state government investment fund Breakthrough Victoria, which chipped in $800,000. Other investors include Radar Ventures, Specialty Physician Associates, an international syndicate of physicians from leading hospitals including Houston… Read more »
The British feminist writer Angela Carter wrote that “Comedy is tragedy that happens to other people”. And right now, quite a few people are chuckling at a tragedy that’s befallen OpenAI amid claims that Chinese artificial intelligence startup DeepSeek “stole” the US startup’s data to train its large language model (LLM), R1. A quick recap… Read more »
Victorian startup agency LaunchVic is offering grants of up to $300,000 to venture capital funds and angel groups to set up in Victoria and back local startups. To qualify, they’re either just kicking off or “new to Victoria”, which means interstate VCs looking to put boots on the ground in the southeast can apply for… Read more »
New Zealand’s most active venture capital firm, Icehouse Ventures, has closed its second growth fund, with NZ$122 million (A$111m) in commitments to back later-stage scaleups. The record raise for Growth Fund II, closed at the end of 2024, and will be used to back up to 20 Kiwi tech scaleups, with several investments already made.… Read more »
MyGigsters, a fintech the helps gig economy workers track their income and spending to build financial security, has raised a $1.1 million Seed round. It leverages real-time data on earnings, expenses and work history, alongside advanced analytics, to provide hyper-personalised insights for people to improve their financial wellbeing. The fintech launched in 2022 with pre-Seed… Read more »
A Sydney startup pioneering the use of artificial intelligence to analyse medical scans to rapidly identify potential diseases such as cancer, even before clinicians spot them, has taken on $32 million from the federal government’s signature National Reconstruction Fund Corporation (NRFC) as part of a planned $100 million+ Series C. Harrison.ai has trained generative AI… Read more »
Power retailer Amber Electric has acquired the electric vehicle (EV) smart charging app Charge HQ as the renewables-focused startup positions itself as a key player in the energy management solutions. The terms of the deal were not disclosed. Charge HQ allows EV owners to recharge directly from rooftop solar, optimising it based on grid conditions… Read more »
Voluntary administration has not dampened the ambitions of medical device startup Seer Medical, which is seeking a buyer as it prepares to release the next generation of its epilepsy home monitoring and detection device in the United States. Administrator Lindsay Bainbridge of Pitcher Partners Melbourne said non-binding offers are being sought for Seer Medical for… Read more »
A Tasmanian senator best known for her campaign to ban transgender people from women’s sport has been named by Opposition leader Peter Dutton as the Coalition’s spokesperson for government services, the digital economy, science and the arts. Senator Claire Chandler will be shadow minister stalking current science and industry minister Ed Husic in the forthcoming… Read more »
Spoony, a social app designed to help neurodivergent, chronically ill, and disabled people, has raised $1 million in pre-Seed funding. The round was led by Antler, NDIS provider Melba Support and Trampoline, with support from former Mable COO Piroska Bisits-Bullen. Spoony emerged from the Antler program in mid-2024, cofounded by CEO Nicholas Carlton and CTO… Read more »
University of NSW Professor Veena Sahajwalla, founding director of the Centre for Sustainable Materials Research & Technology (SMaRT) was named an Officer of the Order of Australia (AO) in the Australia Day honours list in recognition of her distinguished service to science as an engineer and inventor, sustainable materials research and technology and waste management.… Read more »
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