The National Reconstruction Fund (NRF) has invested $20 million in neuroscience startup Omniscient Neurotechnology as part of an ongoing $36 million Series D. NRF is co-leading the round with OIF Ventures, taking a preferred equity stake. Omniscient, founded in 2019, uses artificial intelligence (AI) to decode the complexity of the human brain by mapping an… Read more »
The federal government’s $15 billion National Reconstruction Fund (NRF) has invested $54 million in Australian founder Brain-Computer-Interface (BCI) medical devices company Synchron as part of a US$200 million (A$305m) Series D. Synchron was spun out of University of Melbourne by cofounders Dr Tom Oxley, Prof Nicholas Opie, and Dr Rahul Sharma in 2012. The company is… Read more »
Needle-free vaccination delivery scaleup Vaxxas has raised $49.2 million in a Series D, but cut 10% of its workforce, including a clear out of its executives. The University of Queensland spin out has moved founding CEO David Hoey, who’s been on leave for the past three months, into a strategic adviser role after 13 years… Read more »
Victorian solar and thermal storage scaleup RayGen has finally completed its Series D raise after 12 months, tapping out with $127 million in total. The total comes 12 months after the Series D kicked off with a $51 million announcement – $20m from Breakthrough Victoria and a $31m follow-on and lead investment from NYSE-listed SLB.… Read more »
South Australian startup Fleet Space Technologies has raised $150 million in a Series D that values the satellite developer and data analytics platform at more than $800 million. The round was led by Canada’s Teachers’ Venture Growth, the VC arm of Ontario Teachers’ Pension Plan. Existing investors Blackbird Ventures, Hostplus, Horizons Ventures, Artesian Venture Partners,… Read more »
Kiwi editech Crimson Education has raised NZ$67 million (A$60m) Series D that has seen the scaleup’s valuation jump by nearly 40% in just two years. The raise was previously reported in July, but the size of the round was not disclosed. It was led by NZ investor Movac, with support from existing backers HEAL Partners,… Read more »
Indian venture fund Peak XV Partners (formerly Sequoia Capital India) has backed fintech Shift in a $35 million Series D. The VC previously led Shift’s $27 million C in February 2023 before its rebrand to Peak XV. Several existing shareholders were also part of the Series D equity round. The decade-0ld Sydney fintech provides offers… Read more »
Victorian solar generation and thermal storage company RayGen has kicked off a Series D raise with $20 million from Breakthrough Victoria alongside a US$20 million (A$31m) follow-on investment from NYSE-listed SLB, as part of plans to expand offshore. RayGen uses proprietary photovoltaic solar modules that generate nearly 2,000 times more power than traditional photovoltaic systems… Read more »
Gold Coast-based Gilmour Space Technologies has raised $55 million in a Series D ahead of a maiden launch in Queensland later this year. The raise was led by the state government-backed Queensland Investment Corporation (QIC), an existing investor, alongside VCs Blackbird and Main Sequence, plus superannuation funds HostPlus and HESTA. The cash will fund 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 »
Brisbane-based online corporate training marketplace Go1 is Australia’s newest unicorn startup after raising a whopping US$200 million (A$273m) series D. Japanese investment powerhouse SoftBank’s Vision 2 fund led the round, announced less than a fortnight after it backed another Brisbane startup, Skedulo’s $100 million raise. Others investors in the latest Go1 round include AirTree Ventures… Read more »
Melbourne fintech Airwallex has topped up its Series D round by 50%, raising an extra US$100 million (A$130m) for a total of US$300m. The raise gives the privately owned business a new valuation of US$2.6 billion. The company is hoping to generate $100 million in revenue this year. Airwallex says the funds will be used… Read more »
Airwallex has topped up its US$160 million (AU$254m) series D raise from April with an extra US$40 million ($57m) with Skip Capital, the family investment fund run by Kim Jackson with her husband, Atlassian co-founder Scott Farquhar. Regular backer Square Peg Capital also returned for the latest cash injection, which continues to value the… Read more »
Non-bank lender Moula has raised $20 million in Series D equity funding to scale up its business lending. The round for the Melbourne fintech, which offers same-day, short-term loans worth $5,000-$500,000, was led by Escala Partners supported by existing shareholders Liberty Financial and Acorn Capital. Moula previously raised $30 million in 2015. Co-founder and CEO Aris Allegos (pictured above)… Read more »
Payright co-founders Piers Redward and Myles Redward. Photo: supplied Melbourne-based payment instalments startup Payright has raised $27 million Series D funding in a mix of debt and equity as it pushes to grab a bigger slice of the buy now, pay later retail market. The three-year-old venture has now raised more than $55 million… Read more »
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