Sydney startup Fugu Carbon has raised $1.67 million in a Seed round to ramp up production of its low-cost CO2 capture technology. The round was led climate tech-focused Sydney VC Investible, with support from Andrea Gardiner’s Jelix Ventures, as well as Melbourne climate tech fund Electrifi, and Counteract, a London-based VC specialising in carbon removal.… Read more »
A single deal that saw Singapore’s sovereign wealth fund sling $300 million at 15-year-old exchange traded funds (ETFs) manager Betashares in mid-June has plumped up Australia’s venture capital turkey in the final quarter of the 2024 financial year, hiding an otherwise disappointing three months for local startups. Data compiler Cut Through Venture included government-backed Temasek’s… Read more »
A Melbourne startup developing carbon capture technology for hard-to-abate industries has raised $10 million. KC8 Capture Technologies, founded in 2021, was backed by local energy giant Woodside, and the VC arm of Mexican cement producer Cemex, among others. The funding is earmarked for team expansion and deploying the technology in sectors such as construction, steel,… Read more »
Brisbane startup EVOS has raised $4 million as the first tranche of plans to raise $10m in a Series B. The fresh capital once again came from existing investors, 12 months after the electric vehicle (EV) raised $5 million in a Series A. EVOS was founded in 2020, by Marcelo Salgado, Seshan Weeratunga and Chris… Read more »
A Brisbane biotech startup eliminating the need for animal testing in pharmaceutical drug development has raised $2.2 million in pre-Seed funding. The round for Gelomics was led by Andrea Gardiner’s Sydney VC Jelix Ventures, alongside the Queensland Investment Corporation (QIC) Enterprise Acceleration Fund and Angelloop. The cash injection is expected create more than 70 highly-skilled… Read more »
A developer platform created by former Atlassian product managers to tackle the missing AI engineering and security skillsets in enterprise software engineering teams has raised $11.5 million in a Seed round. The funding for Melbourne-based Redactive AI was co-led by Californian VC Felicis and local VC Blackbird, supported by Atlassian Ventures and US automated workflows giant… Read more »
Expect to hear a lot more about Airtasker on the Kyle & Jackie O show in 2025 after the casual jobs marketplace inked a $5 million investment deal with radio company ARN Media (ASX: A1N). It’s the second such investment by a media brand in the last fortnight, with Airtasker (ASX: ART) signing a similar… Read more »
The march south by NSW startups seeking funding continues with Breakthrough Victoria ending the financial year with a $3 million investment in 5G semiconductor startup Millibeam to expand in Melbourne. It’s part of a $6 raise for the deep tech startup, which is building chipsets that are faster and cheaper for what’s known as “mmWave… Read more »
Former Yahoo boss and Google OG Marissa Mayer is among several heavyweight US investors backing Australian cooking app ReciMe in a $1.5 million Seed round to make its mark in the States. ReciMe began life as a lockdown project for sisters Christine and Ivy Nguyen, and their best friend Will Kent. It launched in late… Read more »
Sydney B2B hospitality supplies platform Marketboomer has raised $4.9 million in a round led by Salter Brothers Tech Fund. It’s the second investment made by the Melbourne fund manager, which in February, stitched together the $74m takeover bid for small business lender Prospa to take it private after five years on the ASX. Marketboomer is… Read more »
Mentwell, a gift card healthcare startup that’s honed in on mental health and wellness, has raised $228,950 in a crowdfunding campaign. The Birchal campaign in June was backed by 117 investors as the platform looks to expand into the US and UK markets. Mentwell founder and CEO Nikki Williams said her mission is to revolutionise… Read more »
Sydney-based Dash Technology Group has raised $22 million in a round led by listed venture fund Bailador Technology Investments (ASX:BTI). The Bailador deal will see the VC invest an initial $15 million now with $5m in follow-on funding in six months in January 2025. Dash is a cloud-based financial advice and investment management software platform… Read more »
A construction site safety management startup has raised $4 million as it looks to expand internationally. 1Breadcrumb is a worksite and process management software platform, initially focusing on construction, with ambitions to spread to other worksites to improve safety and productivity. Nearly two-thirds of construction sites still use paper-based workflows. The company plays in a… Read more »
Reusable pallet wrap startup Bearhug has banked $325,000 in a Angel round to reduce plastic waste. The Sydney startup was founded in January 2023 by Tom Field and a uni mate, Max Higgins, and has already prevented more than 4 tonnes of plastic wrap from ending up in landfill. Unlike other startups that have developed… Read more »
A renewable energy company installing home solar and batteries has raised $1 million in pre-Series A bridge funding round. The cofounder of rideshare car subscription service Splend, Alan Hunter, launched National Renewable Network (NRN) in 2021. Last Christmas NRN banked a $3.5 million raise alongside a $10 million funding facility from Catalytic Impact Capital. Investible… Read more »
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