Sydney long-distance wi-fi chip maker Morse Mirco has raised an $88 million Series C. The round was led by existing backer Japanese fabless semiconductor supplier MegaChips, topped up by $35 million from the federal government’s National Reconstruction Fund (NRF) and support from other previous investors including Blackbird, CSIRO-backed Main Sequence, super funds Hostplus, NGS, managed… Read more »
The federal Labor government’s flagship National Reconstruction Fund Corporation (NRFC) is back investing post-election, hitting the send button on another $27 million to lead a $40 million Series C for PolyActiva. The 15-year-old Melbourne biotechnology scaleup is developing potentially revolutionary eye implant technology to treat glaucoma and improve treatment outcomes for patients with ocular (eye)… Read more »
Sydney clinical-stage radiopharmaceutical startup AdvanCell, which is developing innovative cancer therapeutics, has raised US$112 million (A$178m) in a Series C. The round was co-led by US-UK fund SV Health Investors, Sanofi Ventures, Abingworth, and SymBiosis. Additional support came from existing investor Morningside, alongside new investors Tenmile, Brandon Capital, and others. Founded in June 2019, AdvanCell was… Read more »
Sydney healthtech startup Harrison.ai has raised AU$179 million (US$112m) in a Series C as it looks to expand in the US The round was co-led by Aware Super, ECP and existing supporter Horizons Ventures, the VC firm of Hong Kong billionaire Li Ka-shing. The federal government’s $15 billion National Reconstruction Fund announced its $32 millions… Read more »
A Sydney startup pioneering the use of artificial intelligence to analyse medical scans to rapidly identify potential diseases such as cancer, even before clinicians spot them, has taken on $32 million from the federal government’s signature National Reconstruction Fund Corporation (NRFC) as part of a planned $100 million+ Series C. Harrison.ai has trained generative AI… Read more »
A New Zealand retail crime reporting and surveillance platform that was being scrutinised by Australia’s Information Commissioner has raised NZ $82 million (A$74.3m) in a Series C. The raise for Auror was co-led by the Woolworths-backed retail venture fund W23 Global, Nasdaq-listed US taser and body camera manufacturer Axon Enterprise, and Westpac-supported Reinventure. Also chipping… Read more »
Energy sector digital twin startup Neara has raised $45 million in a Series C as international investors grab a slice of the AI-powered platform. The round was led by Swedish private equity firm EQT and Swiss infrastructure business Partners Group. Existing backers Square Peg, Skip Capital and Dutch VC Prosus Ventures also chipped in. Skip,… Read more »
Consumer debt collection fintech InDebted has raised $50 million in a Series C that values the scaleup at more than $350 million The round was led by Airtree and supported by Australian Retirement Trust and new growth fund Premier Capital Partners. Existing shareholders Reinventure, Carthona and Perennial also chipped in. Indebted previously raised $22.5 million… Read more »
Mind mapping startup Omniscient has raised US$60 million (A$89m) in a Series C as it uses artificial intelligence (AI) to decode the human brain. The raise was backed by mining magnate Gina Rinehart and existing investor Will Vicars, the billionaire chief investment officer at Caledonia. The five-year-old startup previously raised $40 million in a Series… Read more »
Power retailer Amber Electric has raised $29 million in a Series C as it looks to take its battery and EV automation software offshore. ASX-listed billing and CRM provider Gentrack led the round with $12 million, building a strategic partnership with Amber to bundle its billing and customer care with Amber’s battery and EV automation… Read more »
Fleet Space Technologies has raised $50 million in a Series C round that values the South Australian satellite startup at more than $350 million. The round was led by existing backers Blackbird, with support from Atlassian cofounder Mike Cannon-Brookes’ Grok Ventures, Alumni Ventures and super fund Hostplus. New to the cap table are TelstraSuper, former… Read more »
Concerns over mail order weight loss brands Juniper and Pilot by Australian doctors haven’t dampened investor appetite its parent telehealth company, Eucalyptus, which has raised $50 million on a $520 million valuation. The round was backed by several existing Eucalyptus investors, including Blackbird Ventures, the Woolworths VC fund W23, and US investor Mary Meeker’s BOND… Read more »
Cutting-edge Australian tech scale-up Synchron, which hopes to give paralysed people the power to control computers with their minds, has raised $110 million in a Series C. Synchron is a clinical-stage endovascular (inside the blood vessel) brain-computer interface (BCI) company founded in 2016 by Dr Tom Oxley and Professor Nick Opie. It is based in Brooklyn, New… Read more »
Embedded finance platform Shaype has raised $33 million in a Series C round that has delivered a significant increase in the fintech’s valuation. Regal Funds Management led the round, which also included family offices. The cash will be used to accelerate growth, with particular focus on expanding the team to support Australian clients, as well… Read more »
Clinical trials access startup HealthMatch has raised $10 million in Series C. The round was led by the company’s original backer, Folklore Ventures. Paul Bassat’s Square Peg Capital led an $18 million Series B in the Sydney-based startup in December 2020, also invested in the Series C. Square Peg also led a $6 million series A… Read more »
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