Climate Tech

Qantas and Airbus tip $15 million into VC Climate Tech Partners for aviation emissions reduction startups

- April 8, 2025 2 MIN READ

Qantas and European plane manufacturer Airbus have jointly committed to invest AUD$15 million into local VC Climate Tech Partners (CTP), in the hope it will accelerate the development of sustainable aviation fuel (SAF) and other aviation decarbonisation solutions. Qantas is using the Airbus A350-1000 for its “Project Sunrise”, with plans to launch non-stop flights to… Read more »

Business

‘The investor’s role is to build, not to destroy’: StrongRoom AI’s Seed backer takes aim at EVP amid pending legal battle over $10.4 million

- April 1, 2025 3 MIN READ

A UK investor with close ties to one of the defendants in legal action against besieged medtech startup StrongRoom AI has come out swinging against Sydney VC EVP, which is fighting to get its $10.4 million investment back. Aaron Michelin, a director of Tyson & Blake – named after founder Chris Tornblom’s dogs – has… Read more »

Misha Saul
Business

EVP takes legal action against StrongRoom AI’s founders and administrators, freezing assets to try and get their $10.4 million back

- March 31, 2025 4 MIN READ

EVP has lodged legal action in the Federal Court of Australia in a bid to recoup the $10.44 million it invested in Melbourne startup StrongRoom AI. The Sydney venture capital firm headed to court in Brisbane on Monday afternoon to seek an urgent order freezing assets worth up to $10,440,969 million against 13 defendants, including… Read more »

AI/Machine Learning

King River Capital is building a $157 million sixth VC fund to back AI

- March 18, 2025 2 MIN READ

UNSW chancellor David Gonski and Simon Sheikh’s impact investment fintech Future Super are among the investors in a new US$100 million fund to back artificial intelligence (AI) startups. King River Capital said it’s nearing the final close of  its latest A$157 million fund, which continues its ongoing strategic focus on AI-driven software startups both here… Read more »

Investible CEO Rod Bristow
People

Former Investible boss Rod Bristow signs on as Breakthrough Victoria’s new CEO

- February 11, 2025 2 MIN READ

The Victorian government’s $2 billion investment fund, Breakthrough Victoria has appointed Rod Bristow as its new chief executive officer. Bristow previously spent four years as CEO of early stage and climate-tech VC Investible, building out its Asian presence, and as well as raising a $32 million climate tech fund a $51.6m 2nd early-stage fund, and a new… Read more »

Other tech

Steve Baxter’s new defence-focused VC fund locks and loads $10 million in first close on $60m target

- February 6, 2025 2 MIN READ

Brisbane-based specialist defence technology venture capital firm, Beaten Zone Venture Partners, has secured more than $10 million in commitments, to call first close on the fund. The figure takes the fund to its final condition for ESVCLP (Early Stage Venture Capital Limited Partnerships) status, with its first capital call underway this week.   Founder and… Read more »

Dr Kate Cornick
Business

LaunchVic is offering a $300,000 sweetener to VCs keen to set up shop in the state to back local startups

- January 30, 2025 2 MIN READ

Victorian startup agency LaunchVic is offering grants of up to $300,000 to venture capital funds and angel groups to set up in Victoria and back local startups. To qualify, they’re either just kicking off or “new to Victoria”, which means interstate VCs looking to put boots on the ground in the southeast can apply for… Read more »

Black Swan, Perth
AI/Machine Learning

DeepSeek appears to have rewritten the rules on AI’s cost, making US investors rethink their support for US tech

- January 28, 2025 3 MIN READ

Almost A$1 trillion (US$600 billion) was wiped off the value of artificial intelligence microchip maker Nvidia overnight on Monday, when a little-known Chinese startup, DeepSeek, threatened to upend the US tech market. While Nvidia suffered the biggest one-day loss in sharemarket history, other tech giants – Microsoft, Alphabet and Amazon, who are investing heavily in… Read more »

Catalan tower
Advice

CapXcentric founder Warwick Donaldson on slowing down, staying small and when to avoid VC funding

- January 20, 2025 5 MIN READ

In April 2024, I started my eighth business, CapXcentric, a pre-seed to Series A capital raising coaching business. And I made a deliberate decision: I’m not scaling it.  I know, it sounds ironic. CapXcentric exists to guide founders through the capital raise process, often for high-growth, hyper-scale startups. But despite working in a space that’s… Read more »

Australian Open, Rod Laver Arena
Topic

Tennis Australia’s VC fund aces first close with nearly $50 million from blue chip investors

- January 13, 2025 2 MIN READ

A who’s who of Australian investors have backed a new sports VC fund by Tennis Australia’s AO Ventures, committing around $49 million to its first close. They include Mark Nelson from Caledonia, Tanarra’s John Wylie, Melbourne-based businessman Mark Healey, Ashok Jacob from Ellerston Capital and Robyn and Victoria Denholm’s family office, Wollemi Capital Group. International… Read more »

Accelerator

The world’s first Drought Venture Studio is on the hunt for agtech ideas to future proof farmers

- December 20, 2024 2 MIN READ

Startup builder Beanstalk Ventures recently harvested the first crop of agtech startups from its latest program, the Drought Venture Studio, a 12-week program backed by the federal government’s Future Drought Fund. Eight startups and their leaders were selected for the recent Innovation Showcase, whittled down from 24 chosen for the inaugural program from among 200… Read more »