With the exception of every episode of Mad Men, business breakthroughs and cocktails aren’t typically known for their compatibility. But, as most founders and innovators know, the best ideas often sprout when convention is tossed aside. Raising the Bar 2023 is back on Tuesday, April 4, bringing 30 inspiring (and free) discussions to 15 bars,… Read more »
Women-led startups and others tackling climate and sustainability-related issues are emerging trends Australia’s impact startup ecosystem, a new report from VC Giant Leap reveals. A snippet above a quarter (26%) of the impact opportunities reviewed by Giant Leap come from women-led ventures, a touch above the 23% average in the broader ecosystem. Meanwhile, a majority… Read more »
The NSW government is investing $64 million into the state’s the first two green hydrogen hub projects, in the Illawarra and Moree, as it also opens up applications for $1.5 billion in concessions for large-scale green hydrogen producers. The initial recipients are the BOC Illawarra Hydrogen Technology Hub and Sundown’s Keytah cotton farm near Moree.… Read more »
Melbourne aerospace startup Kite Magnetics has revealed its 120 kW air-cooled electric motor, the world’s most powerful for planes, at the Avalon Air Show. The lightweight motor, made from a unique new magnetic material called Aeroperm, is more powerful than a small car engine but only weighs as much as a full suitcase. Kite Magnetics… Read more »
Australian environmental startup accelerator and investor Ocean Impact Organisation (OIO) is again running its six-month accelerator program for startups working on solutions to transform ocean health. The not-for-profit seeks 10 “game-changing” startups working on sustainability solutions. Startups focusing on ocean-related issues can apply here. The Ocean Impact Accelerator Program (OIAP) is an initiative that helps… Read more »
Microsoft founder Bill Gates has made his first investment in an Australian startup, backing Perth-based climate tech venture Rumin8 in a US$12 million (A$17m) second phase of its Seed round. The raise was led by the Gates-founded VC firm Breakthrough Energy Ventures (BEV), with participation from fellow billionaires Andrew and Nicola Forrest via their agri-food… Read more »
Sydney envirotech startup Pathzero is the latest startup to bolster a round with additional funding a year or more later, adding another $8.6 million to what it’s called a Series A+. The business previously raised $6.8 million in October 2021, taking the total raised for its Series A to $15.6 million. VC Carthona Capital once… Read more »
Carbon management startup Avarni has raised $3 million in venture funding, less than 12 months after launching. It’s the startup’s second raise – and part of a recently emerged trend to decline to identify a round – since it was founded in 2021. CSIRO VC fund Main Sequence Ventures led the raise with support from… Read more »
Southeast Asian climate tech venture firm Wavemaker Impact has named Monique Conheady as its new Venture Partner for Australia and New Zealand ahead of rolling out locally in 2023. The VC’s mission is to back build and back climate tech startups with the combined potential to reduce global carbon by 10% by 2035. Wavemaker Impact dubs them ‘100×100’… Read more »
A convergence of tailwinds and current market conditions make this an unparalleled time for climate technology. Climate tailwinds are coming in the form of new government policy and public dollars to support climate solutions are being announced (and now deployed) at unprecedented levels. Also, corporations now see decarbonisation as an imperative and being a leader… Read more »
Queensland agtech startup DataFarming has raised $500,000 in a pre-Series A round led by Sydney VC Investible. Cofounded in 2017 by serial entrepreneurs Tim and Peta Neale, DataFarming help unlock the value of farm data for agronomists and farmers. The business services more than 120,000 paddocks across 28,000 farming enterprises – 40% market penetration in… Read more »
Climate tech startup Greener has raised a strategic $4 million in a Series A to help small businesses move towards net zero emissions The round was led by NAB Ventures with support from RealVC. The company previously raised $1 million in Seed funding 12 months ago. Founder Tom Ferrier said 300g of CO2 is attached… Read more »
Early stage investment company Antler Australia recently backed 13 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. You can also meet the founders on the Startup Daily show on ausbiz.com.au every Monday and Wednesday. This… Read more »
Xylo Systems, an AI-based data platform to help people manage and preserve threatened species, is one of eight companies backed in the first round of investment by Sydney VC Investible’s early-stage Climate Tech Fund. The total committed by Investible to the climate startups was not revealed, with the fund still raising towards its $100 million… Read more »
Ten Australian startups have been chosen for EnergyLab’s 2022 Climate Solutions Accelerator, banking $750,000 between then to focus on tackling climate change. The six month EnergyLab accelerator provides climate tech startups with an initial pre-seed investment as well as coaching, industry partnerships and assistance in raising further capital for their global ambitions. EnergyLab’s CEO Megan… Read more »
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