Perth veterinary tech startup Vedi has raised $3 million as it looks to become the pet version of the federal government medical database My Health Record. The funds came from two international investors, with MSD Animal Health, a division of Merck & Co., once again backing Vedi, joined by pet-focused New York VC Companion Fund,… Read more »
Australian-born US-based solar panel design and sales platform OpenSolar has raised US$15 million (A$22m) in a Series B. Telstra Ventures led the round, announced last month, with support from sustainability fund 2150 and existing investors including Jeff Tannenbaum’s Titan Grove and solar entrepreneurs Alec Guettel and Howard Wenger. The funds will be used to expand… Read more »
Leading law firm Herbert Smith Freehills advises some of Australia’s most successful tech companies on investment deals, including Atlassian, Mr Yum, Carma, Sonder, Culture Amp, Linktree, Who Gives A Crap, :Different, Pearler and Instant Checkout. After the dramatic shift in venture capital in 2022 following an exuberant two years during the pandemic, HSF venture capital… Read more »
Aerotruth, a software startup that speeds up and streamlines the B2B partnership process for fintechs and banks has raised $1.3 million in an oversubscribed Seed round. The raise was led by Archangel Ventures, with participation from Afterwork Ventures, Black Sheep Capital, Change Com, Cut Through Angels, Spring Capital and Unlock Capital. The Software-as-a-service company launched globally in… 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 »
A Melbourne startup tackling the tricky task of ensuring the quality of 3D printing for aerospace, defence and cutting edge manufacturing, has raised $4.1 million in VC funding. Additive Assurance, which spun out of Monash University in 2019, provides quality assurance for additive manufacturing, and is now looking to expand offshore The round was led… Read more »
Telsta has made its second agtech investment this week, after leading a $12 million round into farm communications startup Zenifi, also tipping $2 million in remote monitoring scale-up Farmbot Monitoring Solutions. The telco previously invested $1 million in October last year in Farmbot’s $2.7 million Series A. The startup had flagged a Series B in… Read more »
Queensland biotechnology scale-up Microbio has raised $3.5 million as it looks to roll out its rapid bloodstream infection tests across international markets. Microbio CEO Paul Carboon said existing and new investors, including eminent scientist and Gardasil co-inventor Professor Ian Frazer, had shown strong support for the biotech as it gains regulatory approval in multiple countries… Read more »
A regional NSW startup that’s extending the range of wi-fi on farms has raised $12 million in a Series A. Telstra, and GrainCorp through is recently launched $30 million GrainCorp Ventures fund, led the round in Wagga Wagga-based Zetifi, with support from existing investors including Cultiv8 Funds Management, the Grains Research and Development Corporation’s (GRDC) GrainInnovate fund, and Artesian. The fresh… Read more »
A biotech startup using gene therapy to tackle neurodegenerative diseases such as Motor Neurone Disease (MND), epilepsy and dementia, has been spun out of Macquarie University with $2 million in Seed funding to launch. Celosia Therapeutics is Australia’s first gene therapy company and the result of two decades of research at the university. It is… Read more »
NSW tech startup Oceanfarmr, previously known as SmartOysters, has raised$1.45 million in a bridging round. Oceanfarmr is one of 23 impact tech startups to receive investment from Katapult VC and its accelerator program, selected from 1,900 candidates in 62 countries. The fresh capital will allow the aqua farming tech and finance startup to ramp up… Read more »
A Sydney startup using robotics to assess critical infrastructure in the oil and gas industry globally has raised $15 million after doubling revenue over the past two years. Abyss Solutions previously raised $3.25 million in December 2020, with AirTree once again leading the latest investment, supported by Australian Retirement Trust. Cofounded in 2014 by four… Read more »
Victoria’s government-backed startup agency, LaunchVic, is supporting three local accelerator programs with a total of $3.1 million in funding. CEO Dr Kate Cornick the funds will help fast track the growth of up to 160 local startups. “By backing programs with a proven track record of helping founders, we will ensure LaunchVic supports our rapidly… Read more »
A quarter of Australian women having experienced domestic or family violence. So the founder of tech startup Scriibed, Melanie Greblo, decided to do her bit to help, launching Banksia Academy, a first-of-its-kind virtual hub to help women achieve long-term financial independence through training, education, employment pathways, and support. The not-for-profit platform opens its virtual doors… Read more »
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