Lithium battery recycling startup Renewable Metals has added $8.1 million to its coffers as an extension of its Seed round, less than 12 months after previously raising $8m. The top up has seen existing investors, including Investible’s climate tech fund, which led the 2023 raise, Virescent Ventures and US-based philanthropic climate change investor, The Grantham… Read more »
B2B marketplace Directo, which streamlines logistics, invoicing and fulfilment for pharmacies and suppliers, has raised $2 million in fresh capital. The round was backed by industry leaders and existing shareholders, including former President of Pharmacy Guild of Australia (NSW) Paul Sinclair, current President of the International Pharmaceutical Federation, David Vaux and Leon Steinkoler. The Melbourne… Read more »
Another startup hoping to tackle the problem of methane emissions from livestock has raised $7 million in a Seed round. But rather than seaweed, Number 8 Bio is using synthetic biology to create a cost effective solution to dealing with cow burps. The round was led by CSIRO-backed Main Sequence, with support from Breakthrough Victoria,… Read more »
Nick Hazell, the engineer and serial entrepreneur who turned v2food into a major force in plant-based meat, is back with a new plant-based idea to grow algae as a replacement for fossil fuels and plastics. His latest venture, Algenie, has raised $1.1 million in pre-seed funding from the University of Technology Sydney (UTS), Better Bite Ventures,… Read more »
ASX-listed conversation insights platform Dubber (ASX:DUB) is hoping to put a horror six months behind it with the appointment of a new CEO, Matthew Bellizia, replacing former boss Steve McGovern, who was sacked in April amid an ongoing investigation into $26.6 million in missing company funds. Bellizia takes the helm today, having spent 21 years… Read more »
The worth of SafetyCulture has become a game of snakes and ladders, with the 20-year-old workplace checklist app developer taking a $200 million drop in its valuation to $2.5 billion as VC AirTree becomes a late-stage convert in a $75 million raise. Just over 12 months ago, the scaleup’s valuation jumped $600 million for a… Read more »
Talk is cheap when it comes to backing women in tech. But the surprising thing is that investing in them isn’t that expensive. Accelerator and investor Startmate, winner of Startup Daily’s Best in Tech Investor of the Year, has supported more than 800 women through its Women Fellowship programs over the last four years and… Read more »
The annual Startup Muster survey has extended its response deadline until this Monday, September 9. Already more than 150,000 questions have been answered in the free, independent report, which shines a light on the progress of Australian startups, as well as the challenges and opportunities they face. UTS Startups director of entrepreneurship Murray Hurps, the driving… Read more »
Eight-year-old Sydney cloud data centre startup AirTrunk is set to be acquired by US private equity firm in a deal worth a reported $20 billion. The Financial Times reports that the cloud computing and artificial intelligence business, founded by CEO Robin Khuda, who immigrated to Australia from Bangladesh when he was 18, has been part… Read more »
The open balcony at level 53 of Salesforce Tower Sydney, is not for the faint-hearted, but it gives a choice between whether the views or being around 230 metres above CBD’s streets taking your breath away. But you don’t have to go out there among the planter boxes of box proteas and kangaroo paws to… Read more »
Startmate CEO Michael Batko reckons founders ask him weekly about how to raise from US investors. So he decided to ask some of the best in the business directly, including Bill Tai, one of Canva’s first backers, and Uber angel investor Jason Calancanis, for a Q and A webinar series for ANZ founders, called the… Read more »
Two South Australian startups, one building a system to help locate and rescue astronauts stranded in remote areas on the Moon, the other, a lightweight spacecraft with AI capabilities, will be backed by state government with $100,000 each. Safety from Space scored the cash from the inaugural South Australian Space Collaboration and Innovation Fund for its… Read more »
The She Loves Tech Oceania Regional Pitch Finals is on in Melbourne this Monday and is set to be a landmark event, showcasing some of the most innovative women-led and women-impact tech startups from across the Oceania region. As the world’s largest community and acceleration platform dedicated to closing the funding gap for women in… Read more »
Queensland farm management tech platform Inform Ag has sold of 43% stake in the business for $7 million in its first external raise, 12 years after launching. The cash came from a customer, the ASX-listed Rural Funds Group (ASX: RFF) in something of a strategic shift for the agricultural fund manager, which has traditionally invested… Read more »
Bunnings CEO Michael Schneider, former Tech Council CEO Kate Pounder and ex-NSW Premier Dominic Perrottet turned BHP advisor are among a new board members of a new political think tank led by Square Peg’s Paul Bassat. Amplify is a non-partisan organisation, independent of political parties, and says it’s seeking to find the “uncommon ground” on… Read more »
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