A nine-year-old startup creating no code software platforms for the construction sector has raised $27.5 million in a Series A. The round for Sitemate was led by Blackbird, supported by fellow existed investors Shearwater Capital and Marbruck. The cash will go to product and engineering as well as expanding its go-to-market presence and customer base… Read more »
A Brisbane startup developing wearables to monitor hydration in people has raised $8 million from a range of sports stars and others. The round for WearOptimo was backed by healthcare providor Aspen Medical and former F1 driver Mark Webber, existing investors, as well as 1990s Newcastle Knights star Adam ‘Mad Dog’ MacDougall, who went on… Read more »
The National Reconstruction Fund Corporation (NRFC) has gone into Christmas shopping mode, investing nearly $50 million in two days in two tech companies, today announcing $22.5 million for 12-year-old sovereign cloud data security company Vault Cloud. The equity investment comes just 24 hours after leading a $50 million raise for Adelaide IoT and satellite maker… Read more »
Twelve-year-old Melbourne EV charging business Jet Charge has raised $72 million after a year-long funding hunt, securing Mirova, an affiliate of global asset manager Natixis, as its lead investor. Existing backers the Clean Energy Finance Corporation (CEFC), RACV (the Royal Automobile Club of Victoria) and Kilara Capital also hit the EFT button once again. Mirova’s… Read more »
The federal government’s $15 billion National Reconstruction Fund has made its third investment, tipping $25 million to lead a $50 million raise by Internet of Things (IoT) satellite builder Myriota. It’s the first raise in four years by the Adelaide space tech startup since former PM Malcolm Turnbull was among the backers of a $28 million… Read more »
This time last year, Chaz and I were in the closing stages of our $7m Seed round. From the outside, raising capital may seem… exciting and sexy? That’s the Instagram version, you know it well. The reality is it’s an all-consuming and exhausting grind with zero margin for failure and the potential of changing an… Read more »
South Australian startup Fleet Space Technologies has raised $150 million in a Series D that values the satellite developer and data analytics platform at more than $800 million. The round was led by Canada’s Teachers’ Venture Growth, the VC arm of Ontario Teachers’ Pension Plan. Existing investors Blackbird Ventures, Hostplus, Horizons Ventures, Artesian Venture Partners,… Read more »
A demonstrations of the power of equity crowdfunding (CSF), market leader Birchal is a testimonial for its own platform with more than 800 investors pouring $2 million into the company’s own raise in just 29 hours. While it doesn’t beat the 63 minutes it took Birchal to raise $3 million in 2022, it’s still the… Read more »
Geospatial tech startup Terria has spun out of science agency CSIRO, after raising $3 million in a Seed round backed by deep tech VC Main Sequence. Terria organises and visualises spatial data in digital twin formats to make data accessible It simplifies the complex process of creating digital twins, and online virtual replicas of buildings,… Read more »
A fintech that set out to streamline funds management in the private credit and real estate sectors has raised $3.2 million from strategic investor and customer Balmain. The unit registry and fund administration software startup was founded in 2023, and last year Caruso raised $3 million, led by VC Icehouse Ventures, with support from GD1,… Read more »
A Brisbane startup bootstrapped for six years by its father and son cofounders has raised $22 million in its first venture round backed by several startup unicorn startup founders. The raise for Askable, which values the market research software company at $100 million, was led by Sydney VC AirTree with support from Kim Jackson’s Skip… Read more »
Air-conditioning energy and emissions reduction startup, Conry Tech, has raised $1.6 million in a pre-Seed round led by Bandera Capital with support from Kiwi VC Pacific Channel. The Melbourne startup was cofounded in 2020 by long-term collaborators Ron Conry and Sam Ringwaldt, both experts in developing HVAC (heating, ventilation, air-conditioning) products that cut CO2 emissions.… Read more »
An artificial intelligence (AI) startup of develop real-time data analysis of sales for retailers has raised $4 million in a Seed round led by Square Peg. GoodWork.ai is working with global retailers to build analytics AI for retail merchandise, finance and operations teams to make trade performance analysis fast and easy. The AI analyses the… Read more »
The federal government’s $15 billion National Reconstruction Fund has made its second investment, taking a $13 million equity stake in Canberra startup Quantum Brilliance. It follows $40 million for a mining tech manufacturer announced last month. The National Reconstruction Fund Corporation (NRFC) funding is for QB to build Australia’s first quantum diamond foundry for its… Read more »
New Zealand artificial intelligence-augmented startup Grw AI has raised NZ$2.4 million ($2.2m) in a record pre-Seed round led by US investors in less than a month at a NZ$12 million valuation. The investment from a roll call of West Coast VCs and Silicon Valley angel investors with see the Grw AI team relocate from Auckland… Read more »
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