Whole-body MRI scans startup OneMRI, cofounded by Dr Vu Tran and Andrew Barnes from edutech Go1, has banked $2.5 million in a Seed raise. A panapoly of investors joined the round, including OIF, TEN13, Antler, Salus, AfterWork, Archangel, Black Sheep Capital, Prtnr, Tribe Global, and Larsen Ventures, as well as clinicians and radiologists. Tran and… 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 »
Australian venture capital has long rested on a familiar promise – that backing a portfolio of young startups today will deliver returns to investors within roughly a decade. But the regularity of that rhythm is changing, stretching out by up to 1.5x longer as macro shifts and dynamics reshape the path to liquidity. The IPO… Read more »
The Queensland government has opened applications for its new $180.6 million Sovereign Industry Development Fund, which will invest in defence, biomedical and biofuels companies in the state. Deputy Premier and state development, infrastructure and planning minister Jarrod Bleijie, said the fund will collaborate on “strategic and catalytic partnerships that will accelerate development in our priority… Read more »
A business management platform purpose-built for mid-market mining and engineering services companies has raised $3.5 million in a Seed round led by Sydney VC EVP. The funding for SprintSuite is for expansion across Australia’s mining industry and international markets such as North America, as the company capitalises on the accelerating digital transformation in the mining… Read more »
Farm communications startup Zetifi has landed a $5 million from the Australian Government’s Industry Growth Program for a $10 million plan to commercialise its smart antenna platform globally. The regional NSW startup extends the range of data connectivity and communications on remote properties by transforming antennas from passive components into devices using RF (radio frequency)… 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 semiconductor technology startup that’s developed a new way to print chips for artificial intelligence has raised $8.8 million in pre-Series A funding. The raise for ANU spin-out Syenta was led by Investible, with support from existing backers Blackbird Ventures, Jelix Ventures and Brindabella Capital, as well as new investors In-Q-Tel, SGInnovate, OIF, Salus and… Read more »
Content marketing agency Cuttable has banked another $4.5 million for its Seed round, 12 months after pocketing $5.5 million, to take the total raise to $10 million. The Melbourne startup, which counts A Cloud Guru cofounder Sam Kroonenburg as investor and now cofounder and CEO, is reportedly valued at $44.5 million following the top 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 »
A new partnership between Genesis, the University of Sydney’s startup accelerator, and wealth management firm MLC is offering startup founders a $5000 award for excellence in startup financial modelling. The MLC Financial Clarity Prize will be awarded to the Genesis participant who develops the most clear and compelling three-year financial model aligned to their startup… Read more »
Breakthrough Victoria and Monash University have co-invested $2.25 million in three health tech startups, Myostellar, Fyton Bio, and Remagine Labs. The trio of Monash spinouts have potential to improve wellbeing for millions as well as reducing pressure on Victoria’s health system. Myostellar is pioneering a first-in-class biologic therapy to treat Duchenne Muscular Dystrophy by stimulating… Read more »
A growing number of start-ups are accessing venture debt to fund the growth of their business. With the primary appeal of limiting equity dilution, it’s easy to see why founders might jump on board the venture debt train. But venture debt has been linked to a number of collapsing startups both here and in the… Read more »
Artificial intelligence is changing the online search and marketing landscape and a marketing startup, hoping to ride the new wave for small business has raised a $2 million pre-Seed round. Hall, founded in 2023, is the brainchild of former Dovetail and Atlassian designer Kai Forsyth. The raise was backed by Blackbird. The martech startup is… Read more »
LaunchVic has injected $3.75m into Victoria’s startup scene, seeding seven VC funds, funding four university pre-accelerators and supporting 60+ founder events. The state expects the funds to raise $275m+ for early-stage startups, as it doubles down on innovation amid a tough global capital market.
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