Red meat analysis and verification platform MEQ Solutions has raised US$15 million (A$23m) in a Series A from New York software VC Insight Partners. The agtech startup began life in Adelaide in 2016, with its first product, MEQ Probe, going on to raise $500,000 in late 2018 for industry trials. MEQ has built the world’s… Read more »
A veteran startup detecting faults in powerlines to prevent bushfires has raised $50 million from US and local venture funds. IND Technology was cofounded by RMIT Professor Alan Wong and Kokwai Leu Melbourne in 2013 following the 2009 Black Saturday fires, to develop Early Fault Detection (EFD) systems for preventing bushfires and grid failures. The… Read more »
Digital food safety platform Squizify has continued its Asian expansion, launching a subsidiary in Japan following a $10 million Series A earlier this year. The Brisbane startup, founded in 2018, by CEO Daniel McDouall, helps restaurants, retailers and food manufacturers automate hygiene tasks, digitise HACCP (Hazard analysis and critical control points) compliance, monitor equipment performance… Read more »
Australian entrepreneur Ned Dwyer has reason to celebrate, after Great Question, the San Francisco-based startup he co-founded in 2020, raised $20 million (US$13 million) in venture capital investment. And the Series A round has also prompted Dwyer to reflect on his experiences as an expat in Silicon Valley, and what has changed since for fellow… Read more »
Rage Biotech, a therapeutics startup tackling chronic inflammatory disease, has raised $29 million in a Series A. The round was led by IP Group Australia and super fund Hostplus, with support from existing investors including Monash Ventures. The funds will go towards first-in-human clinical trials for Rage’s nasal therapy to treat inflammatory lung diseases The… Read more »
A Sydney startup looking to reduce methane emissions from livestock has raised $11 million in a Series A. The round for Number 8 Bio was led by Kiwi VC Icehouse Ventures with support from existing backer Main Sequence, as well as Japanese climate VC One Innovators joining the cap table. Japan is Australia’s second largest… Read more »
Hull cleaning robotics startup Hullbot has raised $16 million in a Series A. The round was led by US-based Regeneration VC with support from Climate Tech Partners, making the first investment from its new fund backing technologies for emissions reduction in hard-to-abate industries. Also investing were Katapult Ocean, Folklore, Trinity Ventures, Rypples, NewSouth Innovations, and… Read more »
Perth sustainable materials startup Uluu has raised $16 million in Series A, helping it develop a facility capable of turning seaweed into a natural plastic alternative at commercial scale. The latest raise was led by Germany’s Burda Principal Investments, with contributions from Main Sequence, Novel Investments, Startmate, and impact investors and family offices, including Fairground… Read more »
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 »
An AI-powered 3D printing startup creating custom healthcare products has raised $5.8 million in a Series A. H3D emerged from Swinburne University in 2018, its initial investor alongside Starfish Ventures. Cofounder and CTO Dr Philip Kinsella developed fully-automated design technology at Swinburne. It’s made the startup a global leader in the hearing sector, producing hearing… Read more »
Companion robots startup Andromeda has raised $23 million in a Series A that values the business at $100 million. The round was led by San Francisco VC Forerunner Ventures, supported by Rethink Impact, Artesian, CSIRO-backed Main Sequence, Visible and Trampoline, as well as ex-Atlassian futurist Dom Price. Existing backers Purpose Ventures, which led 2024’s $3… Read more »
New Zealand ocean security startup Starboard Maritime Intelligence (SMI) has banked a NZ$23 million (A$20.7m) Series A. The round was co-led by SMI’s first backer, Kiwi VC Altered Capital, with new investors OIF Ventures and King River Capital, supported by Co:Act Capital, Icehouse Ventures, and Whakatupu Aotearoa Foundation. The funding is for global expansion into… Read more »
Cryptocurrency platform Block Earner has raised $8 million in a Series A amid its ongoing battle with the corporate regulator ASIC. The round was led by Hong Kong crypto investor CMCC Global’s Titan Fund, and supported by Sydney VC King River Capital at a $75 million valuation. The fintech previously raiseed a $7 million Seed… Read more »
An energy infrastructure platform developing virtual power plants (VPPs) from household renewables as raised $17 million in a Series A. The round for NRN (National Renewable Network) was led by existing backer Investible and Virescent Ventures, with Ecotone Partners joining the cap table via its new $25m Planet Fund. The capital raise was topped up… Read more »
A Sydney artificial intelligence platform for customer support has become one of the world’s hottest startups after raising US$35 million (A$54m) in a Series A – its third raise in less than 12 months. The round for Lorikeet (the garrulous Australian parrot) was led by US fintech VC QED Investors, with support from existing backers… Read more »
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