Design platform Canva has seen the company’s valuation soar by nearly a quarter to A$48.7 billion in the latest sale of its shares on the secondary market. The global business, which is heading to a public listing in the US next year, saw its valuation rise by US$6 billion (A$9.1bn) to hit US$32 billion with… Read more »
Energy sector digital twin startup Neara has raised $45 million in a Series C as international investors grab a slice of the AI-powered platform. The round was led by Swedish private equity firm EQT and Swiss infrastructure business Partners Group. Existing backers Square Peg, Skip Capital and Dutch VC Prosus Ventures also chipped in. Skip,… Read more »
Victorian startup NanoCube Health has been awarded $3 million in federal grant funding as part of a $7.3m plan to drive develop technology for early detection and treatment of pancreatic cancer. The medtech startup, which won last year’s SXSW Sydney pitch competition, sending cofounder Lisa Milani to Austin, Texas, to pitch at SXSW earlier this… Read more »
Alimetry revolutionises gut health diagnosis by integrating AI into its wearable device, raises US $18m to fuel next phase of growth New Zealand startup Alimetry has raised US$18 million (A$27m) in a Series A2 round to commercialise its wearable gut health monitoring device for the US market. The round was led by Kiwi VC GD1… Read more »
Brisbane startup Earthodic has raised US$4 million (A$6m) in Seed funding as the climate tech packaging solution looks to make its mark in the US. The round was led by food systems focused California VC FTW Ventures, with support from Circulate Capital, the Queensland Investment Corporation (QIC), UniQuest Fund, Significant Capital Ventures, Branch Venture Group, RedStick… Read more »
Victorian government-backed startup authority LaunchVic has two new grant rounds, worth up to $1.5 million, to support the local ecosystem through accelerator programs and investor education. Grants of up to $1.5 million are available for accelerator programs requiring ongoing funding to maintain their operations in the state, while a separate grant of up to $1… Read more »
Construction technology startup BuildPass has raised $7.5 million in a Seed round as it makes a move on the US market. The round was led by Sydney VC Carthona Capital , supported by Leigh Jasper’s Saniel Ventures, GitHub founder Tom Preston-Werner’s eponymous fund, Recursive Ventures, Horizon VC and Massive Tech Ventures. The new funds are… Read more »
Heat exchange manufacturing startup Conflux Technology has raised $11 million in a Series B. The round was led by Breakthrough Victoria, which chipped in $5 million, with participation from AM Ventures and Acorn Capital. The regional Victorian, based in Waurn Ponds, has developed next generation heat exchangers using addictive manufacturing (AM). They transfer thermal energy… Read more »
Kiwi professional services job tracking platform Projectworks has raised US$5 million (A$7.5m) in a Series A. The round for the management software startup was led by US investor Bridgewest Group, supported by existing backers, including NZ VC Punakaiki Fund, and the company’s new US-based CEO Mark Orttung. It values the business at A$90m, and the… Read more »
Five digital health tech startups are sharing in $3.25 million from the Medical Research Future Fund (MRFF), receiving stage-two funding from the digital and connected health accelerator program, ANDHealth+. The investments in Eugene, Atmo Biosciences, Immunosis, Metabolic Health Solutions and Humanetix will fund further studies and scaling to tackle health issues spanning genomics and genetic… Read more »
New Zealand startup DNAiTECH, which has developed instant diagnostic tests that don’t need a lab, has raised NZ$1 million (A$910k) in a pre-Seed round led by Sprout Agritech. It’s Sprout’s 10th investment alongside partners Finistere Ventures in the US, NZ dairy goliath Fonterra and venture builder OurCrowd, as well as the Te Pokapū Auaha Callaghan… Read more »
Breakthrough Victoria, the $2 billion state government-backed venture fund, has invested $2.5 million into a Melbourne startup recycling food waste as animal feed and fertiliser. Viridian Renewable Technology, founded in 2016, lays claim to being Australia’s first large scale insect protein manufacturing plant. It has a commercial plant in Derrimut, in Melbourne’s western suburbs and will use… Read more »
A Wollongong startup converting disused mining shafts into long-duration energy storage has raised $9 million to turn the idea into reality. Green Gravity was backed by HMC Capital, BlueScopeX, New Zealand’s Pacific Channel and SCAP H, a subsidiary of Japan’s Sumitomo Corporation. BlueScopeX’s hosts Green Gravity’s demonstration plant at BlueScope’s Port Kembla Steelworks facility in… Read more »
New Zealand fintech Emerge has raised $12 million in a Series A, amid hopes to build NZ’s first challenger bank. The round was led by Altered Capital with support from Icehouse Ventures, K1W1 and NZ Fintech Fund, plus US VC Hard Yaka. It’s the second investment for Altered Capital, an early investors in UK challenger… Read more »
Seven University of Melbourne-linked startups are sharing in $11.7 million worth of early-stage venture capital from two funds. The investments for research commercialisation come from the $15m University of Melbourne Genesis Pre-Seed Fund, backed by Breakthrough Victoria, and $125m Tin Alley Ventures fund, a joint venture deep tech VC with Tanarra Capital. Tin Alley backed… Read more »
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