A New Zealand deep tech manufacturing startup helping produce cleaner hydrogen with fewer precious metals has raised NZ$2.5 million (A$2.3m) in a Seed round. Bspkl has developed a new, more sustainable way to produce catalyst coated membranes (CCMs) for the hydrogen industry. CCMs typically use platinum and iridium in solid membranes to maximise hydrogen production.… Read more »
As a female founder, I’ve faced numerous challenges particularly in regard to getting investors to fund us. There is a gap in venture funding in Australia, and it’s getting worse. It seems as if Australian investors in particular are struggling at how to fund female founders equitably. Right now we get around 1.2% of funding,… Read more »
Employee benefits platform Circle In has raised $2 million in a round led by Sydney VC Alberts Impact Ventures. The cash is earmarked for global expansion plans and to develop the platform for working families and caregivers. Existing backers Leigh Jasper, Carol Schwartz, Rob Phillpot, Andrew Sypkes, and Employment Hero’s Ben Thompson also supported the… Read more »
The Australian government is backing the quantum sector with $4.6 million in funding to improve education and collaboration. National science organisation CSIRO has scored $3.6 million to fund up to 20 PhDs in quantum technology under the Australian Quantum Graduates Program. A further $1 million goes to the Sydney Quantum Academy through the National Quantum… Read more »
Western Australian startup CO-architecture has raised $330,000 in a pre-Seed round for its community platform for professional designers and creatives. The cash came from Victorian early-stage VC Skalata Ventures, with support from several local angel investors, including architect and former Perth deputy lord mayor Sandy Anghie, and Hassell director Peter Lee. CO-architecture connects independent and… Read more »
Cauldron speeds up development of new food, feedstock and fibre ingredients Its hyper-fermentation platform lowers commercial risk & production costs $10.5m Seed round led by Main Sequence + Horizons Ventures An ambitious plan to transform the way new food, feedstock and fibre ingredients are created, by using fermentation has raised $10.5 million in seed funding… Read more »
Agriculture fractional investment marketplace Invest Inya Farmer (IIF) has raised $1.1 million in Seed funding to give everyone to back the people who grow what they eat. The round was led by Investible, alongside global agtech VC AgFunder and high net worth investors. IIF has built a smartphone app that allows users to browse and… Read more »
Two Australian space startups will receive $4 million grants each from the federal government as part of its Moon to Mars Trailblazer initiative to design semi-autonomous rovers to land on the Moon. Perth-based Australian Remote Operations for Space and Earth (AROSE) consortium and the EPE and Lunar Outpost Oceania consortium will each receive $4 million towards… Read more »
Melbourne education tech startup Pivot has raised $1.4 million for its schools feedback platform to improve teaching. The round was led by the Catholic Diocese of Maitland-Newcastle and technology firm DiUS, with support from LaunchVic’s women-led investment program the Alice Anderson Fund. The funding will be used to re-platform the company’s survey-based technology and launch… Read more »
A software startup developed by two University of Queensland graduates has raised $200,000 in a Seed round backed by Melbourne VC Skalata Ventures. Lewi Software is tackling an unsexy part of asset management in the chemicals sector – wastewater management, which has suffered from underinvestment on the software from compared to the rest of the… Read more »
Sydney business payments fintech Till Payments has raised $70 million in a Series D, having shed 40% of its staff earlier this year. The company cut 120 staff at the start of 2023 amid a 5-month hunt for capital ahead of plans to list on the US NASDAQ later this year. “Despite our significant successes,… Read more »
The Victorian government is offering $1.3 million in new funding to the agtech startup sector through LaunchVic. The funding including $1 million under the AgTech Grants Program, which will offer individual grant funding of $50,000 to 20 emerging agtech startups. The program is a partnership between Agriculture Victoria and the state’s startup agency LaunchVic. On top… Read more »
Location technology startup GeoMoby has raised $3 million from multiple European investors to fund the further rollout of its technology to the mining industry. Some major investments by French companies and individuals delivered the bulk of the raise, with additional funds from existing local shareholders as well as a strategic partner Agreement Hub, alongside a… Read more »
‘Stupid money’ is out and smart investors are looking for opportunities in the Australian startup scene, say leading venture capital partners. Speaking at the Melbourne Startup Bootcamp at Bay City Labs yesterday, Skalata Ventures cofounder and CEO Rohan Workman called out the ridiculous funding rounds that had given startup founders unrealistic expectations. “It’s a great time… Read more »
The NSW government has launched a new $40 million fund to back bioscience startups. The Biosciences Fund (BioSF) comes just days after the state government announced $7 million quantum computing commercialisation fund, and backing for the Techstars accelerator program to set up at Tech Central in Sydney. Science, innovation and technology minister Alister Henskens said… Read more »
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