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 »
A B2B platform enabling financial advisers to securely access, trade, and manage digital assets on behalf of their clients has raised $2.3 Million in a pre-Series A. Digital currency exchange BetterX provides institutional-grade infrastructure for tokenisation, trading, and portfolio management, and the round was supported by existing backers Aura Group and Tibra cofounder Kinsey Cotton,… Read more »
An 18-month-old robotics startup that emerged out of the UNSW Founders Defence 10X program in 2023, has raised $2 million in a pre-Seed round led by CSIRO-backed deep tech fund Main Sequence. The raise for Breaker will be used to triple its team over the next six months and further expand its presence in the… Read more »
A medication management, patient engagement, and analytics software startup for the pharmaceutical industry, has raised $17 million. The round for StrongRoom AI was led by the EVP Opportunities Fund, with support from existing investors Artesian Venture Partners and InterValley Ventures. The funding will be used for domestic and international expansion, and product innovation. The Melbourne… Read more »
US Shark Tank investor and cybersecurity startup founder Robert Herjavec is joining Melbourne scaleup Zetaris as executive director of global strategy. He was so impressed, he’s also invested in the company, although that figure was not disclosed. Herjavec believes Zetaris has unicorn (worth more than $1bn) potential. Zetaris was founded in 2013 by Vinay Samuel and… Read more »
Sydney investment firm Quadrant Private Equity has made another foray into startups, with plans to take an equity stake in Legal Vision. The size of the investment was not disclosed, but it’s the first from the Sydney PE firm’s latest and 10th fund, the $660m Quadrant Growth Fund 3, which looks to invest between $50… Read more »
An AI-driven eCommerce software platform with the same name as one of the country’s best known Australian financial services companies has raised $20 million. Amp, founded in 2022, has been backed by existing investor, Singapore’s Openspace Ventures, with Sydney’s One Ventures also hitting the EFT button. TradeGecko founder Cameron Priest and Advocately founder Patrick Barnes,… Read more »
Australian deep tech inventors have given the world wifi, Google Maps, cochlear implants and the goon bag, but a new report into the state of play for the sector suggests that while there’s no shortage of ideas, that potential is being stifled by limited support from venture capital, industry, and government. Pioneering deep tech incubator… Read more »
The Victorian government is boosting its support for local startups with an additional $5.1 million in funding via LaunchVic. The grants include $1 million for the Wade Institute of Entrepreneurship to help early-stage investors develop expertise in critical skills such as due diligence, capital raising and portfolio management. A further $4.1 million (and up to… Read more »
An eight-year-old workplace safety and wellbeing app founded by three former public servants and used by McDonald’s has raised another $40 million. Sydney scaleup Sonder pitches itself as an EAP alternative that makes it easier for staff to get help. The latest funding came from existing investors Blackbird, MA Growth Ventures. and Seek, with super… Read more »
An Australian-American cybersecurity startup has raised US$3 million (A$4.75m) in Seed funding to develop its artificial intelligence-driven defensive systems. The round for Harmony Intelligence was led by Airtree Ventures, alongside 30 strategic investors, including First Row Partners, Maxwell Capital, and execs from Canva, Adept AI, and Plaid as well as The Lean Startup author Eric… Read more »
A Queensland renewable energy tech company has taken on its first external investment, banking $15 million in a round led by Ellerston Capital’s Industrial Growth Fund and Fifth Estate Asset Management. The raise for EcoJoule Energy, which provides solutions for managing renewable energy integration, will be used for international expansion, as well as a national… Read more »
Flowing Bee, the AI-powered behavioural insights platform for marketing strategy and execution, has raised $1.6 million in a pre-Seed round. The raise was led by Archangel Ventures, with participation from The University of Melbourne Genesis pre-seed Fund, Antler, LaunchVic’s Alice Anderson Fund, and M8 Ventures, plus strategic angel investors. The cash will be used to… Read more »
AI-based doctor clinical notes taker Heidi Health has raised a further $26.8 million (US$16.6m) to top up its 18-month-old Series A. The follow-on investment was led by US VC Headline (formerly e.ventures and BV Capital), which sees Heidi as Australia’s next Canva or Atlassian supported by Local Globe, Anthology (Menlo Ventures and Anthropic) . Existing… Read more »
A Melbourne startup following in the footsteps of Adelaide’s Fleet Space has raised $5 million in Seed funding to launch more satellites scanning earth for critical minerals. The raise for Esper was led by Darwin innovation investor Paspalis Capital and Islamic finance firm Hejaz. The capital injection will underpin the launch of the company’s fourth… Read more »
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