For millions with attention deficit hyperactivity disorder (ADHD), the traditional treatment is medications such as Ritalin and Adderall. But a Sydney medtech startup is hoping to change with with a headband that tracks and treats ADHD symptoms, without the side effects of drugs, in just 20 minutes daily. Neurode is the brainchild of neuroscientist Nathalie… Read more »
Lithium battery recycling startup Renewable Metals has added $8.1 million to its coffers as an extension of its Seed round, less than 12 months after previously raising $8m. The top up has seen existing investors, including Investible’s climate tech fund, which led the 2023 raise, Virescent Ventures and US-based philanthropic climate change investor, The Grantham… Read more »
B2B marketplace Directo, which streamlines logistics, invoicing and fulfilment for pharmacies and suppliers, has raised $2 million in fresh capital. The round was backed by industry leaders and existing shareholders, including former President of Pharmacy Guild of Australia (NSW) Paul Sinclair, current President of the International Pharmaceutical Federation, David Vaux and Leon Steinkoler. The Melbourne… Read more »
Another startup hoping to tackle the problem of methane emissions from livestock has raised $7 million in a Seed round. But rather than seaweed, Number 8 Bio is using synthetic biology to create a cost effective solution to dealing with cow burps. The round was led by CSIRO-backed Main Sequence, with support from Breakthrough Victoria,… Read more »
Nick Hazell, the engineer and serial entrepreneur who turned v2food into a major force in plant-based meat, is back with a new plant-based idea to grow algae as a replacement for fossil fuels and plastics. His latest venture, Algenie, has raised $1.1 million in pre-seed funding from the University of Technology Sydney (UTS), Better Bite Ventures,… Read more »
The worth of SafetyCulture has become a game of snakes and ladders, with the 20-year-old workplace checklist app developer taking a $200 million drop in its valuation to $2.5 billion as VC AirTree becomes a late-stage convert in a $75 million raise. Just over 12 months ago, the scaleup’s valuation jumped $600 million for a… Read more »
A Newcastle-based battery storage startup backed by energy giant Origin has raised $17.5 million in a Series A. Allegro Energy has developed water-based Redox Flow Batteries (RFB) to store renewable energy and plans to build an 800 kWh pilot storage plant at Origin’s Eraring site later this year. The round was led by US climate change… Read more »
Startmate CEO Michael Batko reckons founders ask him weekly about how to raise from US investors. So he decided to ask some of the best in the business directly, including Bill Tai, one of Canva’s first backers, and Uber angel investor Jason Calancanis, for a Q and A webinar series for ANZ founders, called the… Read more »
Two South Australian startups, one building a system to help locate and rescue astronauts stranded in remote areas on the Moon, the other, a lightweight spacecraft with AI capabilities, will be backed by state government with $100,000 each. Safety from Space scored the cash from the inaugural South Australian Space Collaboration and Innovation Fund for its… Read more »
The amount of capital flowing into local fintechs is nearly double the known figures according to estimates from funding analytics firm Techboard, which has launched a new report into investment in the sector. Some of that funding includes millions into VC-backed startups with around $684 million in unannounced funding discovered alongside $769m in announced deals… Read more »
Queensland farm management tech platform Inform Ag has sold of 43% stake in the business for $7 million in its first external raise, 12 years after launching. The cash came from a customer, the ASX-listed Rural Funds Group (ASX: RFF) in something of a strategic shift for the agricultural fund manager, which has traditionally invested… Read more »
Data analysis startup WhyHive has raised $600,000 in a pre-Seed round. The company’s first raise comes after six years of bootstrapping and was led by Skalata Ventures, with support from Culture Amp’s Jon Williams, Linktree’s Alex Zaccaria and Up Bank’s Dom Pym. The Melbourne startup describes itself as “like Canva, but for data: easy to… Read more »
Indian venture fund Peak XV Partners (formerly Sequoia Capital India) has backed fintech Shift in a $35 million Series D. The VC previously led Shift’s $27 million C in February 2023 before its rebrand to Peak XV. Several existing shareholders were also part of the Series D equity round. The decade-0ld Sydney fintech provides offers… Read more »
Retail giant Woolworths is obviously impressed with the products rolling out of food and drink startup incubator, Seedlab Australia, tipping another $7 million into the project. Woolies previously invested $4 million in Seedlab when it kicked off in 2021, supporting nearly 400 businesses develop new products over that time. Seedlab Australia CEO and cofounder Dr Hazel… Read more »
Australia’s first dedicated pre-seed venture fund, Maxine Minter’s Co Ventures, has closed its first fund after hitting its $5 million target. Co Ventures Fund 1 is the result of nearly two years of work by Minter, who started fundraising in September 2022, before announcing the launch of her fund in April 2023. The support from… Read more »
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