The following section is an excerpt from The Fundraising Blueprint by Abhishek Maran, focused on crafting your narrative and structuring your pitch deck. Fundraising is an emotional process, especially at the early stage. You need investors to feel a certain level of affinity towards you and your startup to stand a chance. Some people are natural… Read more »
An AI startup that takes corporate consultancy into the digital age has raised $1 million in pre-Seed funding. The round for NSW startup InsightWise was led by California VC Aliavia Ventures and Ari Klinger’s Sydney family office, No Brand Holdings, with support from Victoria Denholm’s Wollemi Capital Group, angel syndicate FB10x and other angels here and… 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 »
Student-founded and focused NextGen Ventures has secured $1.5 million in commitments as it looks to raise $2.5 million VC fund, with Blackbird founding partners Niki Scevak and Rick Baker among those chipping in. The fund is the brainchild of Monash University alumni Mitchell Hughes, 23, and former University of Melbourne biomedicine student Jerry X’Lingson, 22,… Read more »
If you’re looking to hack your startup journey without burning through a fortune, you’re in the right place. Bootstrapping isn’t about scrimping on quality–it’s a tactical way to validate your ideas, gain traction and eventually secure the kind of funding that can propel you to the next level. Christie Whitehill, founder of Tech Ready Women… Read more »
Woolworths is having a bet each way after selling chips, soft drinks and grog to its customer, investing in a Western Australian telehealth startup’s $6 million Series A. The round for Hola Health follows a $4.5 million pre-Series A 12 months ago, that marked a return to VC investing for Alan Jones and Emily Rich… Read more »
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 »
An energy grid management platform for the renewables era has raised $7.5 million in a Series A with Australian cricket captain Pat Cummins among its investors. The round for software platform Gridsight was led by Airtree Ventures, with support from Austin-based Energy Transition Ventures, Singapore-based Aera VC, and the fast bowling superstar. The startup, which… Read more »
Back on February 13, Startup Daily announced news that battery storage tech startup Allegro Energy had bagged a $1.85 million federal government grant. The Newcastle-based startup was one of five early stage tech companies funded under the $400 million Industry Growth Program, and the money is for the mass production of their water-based Redox Flow Batteries… Read more »
The CEO and cofounder of StrongRoom AI allegedly conceded to EVP investor Misha Saul that the company’s revenue and debt figures were “wilful fraud”. Details of an extraordinary conversation and confession by CEO Max Mito were outlined in submissions in Federal Court legal action by the Sydney VC, after it successfully applied to freeze the… Read more »
A Sydney startup tackling visual merchandising for retailer has raised $6 million (US$3.75m) in a second Seed round as it looks to ramp up its presence across the Pacific amid rapid growth in the US market. US VCs Coreline and Veridical Ventures led the round for Flagship, with support from Tidal Ventures, and Macdoch Ventures, for… Read more »
An agtech startup from La Trobe University has banked $1.7 million to address food security in the latest investment from Breakthrough Victoria’s University Innovation Program. Gaia Project Australia (GPA) was founded in 2020 by engineer Nadun Hennayaka. He’s developed a patented method for leafy green vegetable growers to increase yields by up to 40%, without… Read more »
Looking at the NSW Innovation Blueprint 2035, it’s disappointing to see how disconnected it is from the day-to-day realities of being an innovator. Just like magic beans – big on promises, but scant on mechanisms. Without knowing the responsible government executives, the funding, the timelines and specific actions, it’s very hard to believe it will… Read more »
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 »
The NSW Innovation Blueprint finally dropped on Monday – 18 months after innovation, science and technology minister Anoulack Chanthivong first announced it in September 2023. And if you’re wondering if it was worth the wait, the feeling is ¯\_(ツ)_/¯ The Minns government needs to get cracking, and quickly. It has lost ground to make up… Read more »
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