A Brisbane startup developing hydrogen-powered aircraft engines and hypersonic Unmanned Aerial Vehicles has raised $46 million in a Series A as NASA prepares to test its 3D-printed ideas. The round for Hypersonix Launch Systems was led by UK national security investor High Tor Capital, with support from European defence company Saab and Polish family office RKKVC,… Read more »
Brisbane VC TEN13 has won its first institutional mandate under QIC’s $130 million Queensland VCDF and immediately co-led a $2.5 million seed for preventive MRI startup OneMRI, as new data shows Queensland startup funding jumped 37 percent in FY25 to $417 million.
Brisbane startup Fleetyr has banked a $750,000 Seed round four years after launching and going global. The raise was led by early-stage VC 77 Partners, which is also based in the Queensland Capital as well as Silicon Valley where’s it’s backed by Bee Partners. Also chipping in is state government-backed QIC Ventures through its enterprise… Read more »
Queensland-based superannuation fund Brighter Super will invest $50 million into local startups in a partnership with state government-backed investment manager QIC. The Brighter Super mandate will invest in startups expected to deliver strong investment returns, create jobs and have a positive impact on Queensland’s innovation landscape and economy. The project has already seen QIC back… Read more »
A recent change of government in the Sunshine State has not slowed the Queensland Investment Corporation’s (QIC) enthusiasm for backing venture capital firms eager to invest in local startups. QIC joined Westpac and the Clean Energy Finance Corporation (CEFC) as a cornerstone investor in Virescent’s new $200 million climate tech fund (Fund II), reportedly tipping… Read more »
The Queensland government’s new venture capital development fund has backed five VCs: Antler, Five V Capital, Main Sequence, Mandalay Venture Partners and Salus Ventures, with a combined $130 million investment. Treasurer and Minister for Trade and Investment Cameron Dick said the deals will give Queensland startups access to up to $200 million in new matched… Read more »
Daily startup news and insights, delivered to your inbox.
