Venture capital firm Blackbird has raised Australia’s first $1 billion VC fund, with superannuation funds once again cornerstone investors. The announcement comes just a week after Square Peg announced it had raised $860 million for its fifth generation of funds. Combined with another $700 million raised earlier this year by Airtree. that means the country’s… Read more »
Early stage VC firm Sprint Ventures has raised $8 million in the first close of its $50 million second fund. Managing Partner and entrepreneur Llew Jury said the second fund, called the Expansion Capital Fund, follows the success of their first $5 million Vintage Sovereign Seed fund in 2020, which has delivered a return on… Read more »
Australian VC Square Peg Capital has raised US$550 million (A$860m) for its fifth fund, which it plans to use to continue backing its existing portfolio companies in later stage raises. The new fund takes total capital Square Peg has raised in a decade to more than US$1.6 billion (A$2.5bn) using the funds to back companies… Read more »
Sydney doctor, founder and angel investor Dr Amandeep Hansra has joined the CSIRO’s deep tech investment fund Main Sequence as a principal. Dr Hansra, a Bondi GP, has been in general practice for nearly two decades and co-founded the investment syndicate Australian Medical Angels, as well as founing Creative Careers in Medicine, which provides consulting services… Read more »
Secondaries investment fund SecondQuarter Ventures has raised $83 million as a first close for its second fund, just 18 months after launching with its first $51m fund. With that initial capital already deployed, existing backers have doubled down chipping in more than $50 million towards fund two. Another $30 million has come from new investors,… Read more »
WinVC, the female investor-led initiative aiming to attract more women into VC investment roles is launching this Tuesday 18 October, with a discussion on the state of capital for women in Australia. Founders Andrea Gardiner, CEO & founder of Jelix Ventures; Ingrid Maes, founder & MD of W23; and Michelle Deaker, founding partner & MD… Read more »
Given the current economic conditions, it’s gotten a lot harder for startups to raise the kind of funding rounds that were once the norm a few years ago. Either by choice or because they haven’t been able to close a round, this has led many startups to consider whether the VC path is actually the… Read more »
Xylo Systems, an AI-based data platform to help people manage and preserve threatened species, is one of eight companies backed in the first round of investment by Sydney VC Investible’s early-stage Climate Tech Fund. The total committed by Investible to the climate startups was not revealed, with the fund still raising towards its $100 million… Read more »
Telstra Ventures has closed its third fund having raised $500 million to invest in what it calls “all the Cs”: cloud, cyber, crypto (including blockchain), carbon and climate, coders, creators and consumers. The corporate VC arm of Australia’s largest telco is based in San Francisco and primarily invests in tech firms, having made 88 investments in… Read more »
Before you start pitching, roleplay the investor perspective Pitches need to be given from the perspective of the investor. These things are too often forgotten The investor’s job is to make a financial return for their investors. They get thousands of pitches per year. This means they are distracted and also that they’ve probably heard… Read more »
Investors in OIF Ventures have given the Sydney VC a ringing endorsement pouring another $140 million into its third fund – $40 million more than the original plan. A majority of Fund III’s capital came from existing investors in OIF Ventures Fund I and Fund II, which includes ASX-listed company execs, family offices and high… Read more »
Seven West Media’s venture capital arm has thrown its weight behind a new proptech startup consortium by former Domain boss Antony Catalano and investor Alex Waislitz targeting the real estate sector. View Media Group (VMG) is a real estate digital media and agent services business, involving B2C and B2B proptech platforms. They include The Today… Read more »
WA mining billionaire Andrew Forrest has turned his investment attention to the health tech sector, with a new $250 million venture capital fund. The VC, Tenmile, is being backed by Tattarang, the Fortescue Metal Group founder’s private investment company. Tenmile will target startups focused on unmet medical needs that support sustainable and equitable healthcare, offering seed… Read more »
Early stage venture capital fund Tidal Ventures has appointed Georgina Turner as Partner as the VC continues raising $80 million for its third seed-stage fund. A former investment banker, Turner has been a principal at Tidal since 2019, leading six deals and working on more than 20 others, including exits and IPO listings. Tidal Partner… Read more »
Welcome to Giant Leap’s Small Steps, a newsletter offering global insights and news on the impact startups landscape. We share an edited version with Startup Daily readers every fortnight. Giant Leap is Australia’s first impact venture fund, and they use this newsletter to surface the ideas and businesses that intrigue and inspire them and broaden… Read more »
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