Ferronova CEO Stewart Bartlett
Funding

Adelaide cancer detection startup Ferronova tops up its long-running Series A with $6 million

- December 17, 2025 2 MIN READ

Medical startup Ferronova has raised $6 million in a top up of its five-year-old Series A to $17.5 million.  The fresh funding was led by existing investors Uniseed/UniSuper, South Australian  Venture Capital Fund, Artesian Venture Partners and Renew Pharmaceuticals, a subsidiary of Singapore- based Ultragreen.ai. The Adelaide biotech,  founded in 2016 a spin-out from the… Read more »

Accelerator

Team Techstars Sydney: Discover the startup making cancer detectable through blood tests

- November 19, 2025 4 MIN READ

Ahead of the TechStars Sydney ‘Demo the Future’ evening on December 8, Startup Daily is profiling the 12 startups and their founders in the 2025 cohort. Our next profile is OncoRevive – a health-tech startup which detects cancer early, leading to vastly improved patient outcomes. OncoRevive Founders: Dr. Mohammad Tavakkoli and Dr. Samira Sadeghi One-liner: Detect… Read more »

Funding

Cancer treatment biotech AdvanCell injects $178 million Series C

- February 13, 2025 2 MIN READ

Sydney clinical-stage radiopharmaceutical startup AdvanCell, which is developing innovative cancer therapeutics, has raised US$112 million (A$178m) in a Series C. The round was co-led by US-UK fund SV Health Investors, Sanofi Ventures, Abingworth, and SymBiosis. Additional support came from existing investor Morningside, alongside new investors Tenmile, Brandon Capital, and others. Founded in June 2019, AdvanCell was… Read more »

Richard Boyd, Prof Alan Trounson and Dr Ian Nisbet
Funding

Biotech startup Cartherics doses up on $15 million raise for cancer treatment trials

- October 2, 2024 2 MIN READ

Melbourne biotech startup Cartherics has raised $15 million as it looks to begin trials of its cell therapy product for ovarian cancer. Cartherics, founded in 2015 by Alan Trounson, Bob Moses, and doctors Richard Boyd, Ian Nisbet and Peter Hudson, is developing immune cell therapies to treat cancer and other diseases. The startup previously raised $26… Read more »

R&D, science, man looking in microscope
Other tech

Andrew Forrest’s Minderoo Foundation backs $5.4 million raise for cancer biotech startup

- September 5, 2021 2 MIN READ

A biotech startup focused on treating cancer has raised $5.4 million, led by mining billionaire Andrew Forrest’s Minderoo Foundation. Adelaide-based Carina Biotech will use the cash injection to develop its “CAR-T” cell therapies to treat cancers such as colorectal cancer, which is the deadliest cancer for 25-34-year-old Australians. Carina’s founding shareholders, board and management also… Read more »