New Zealand fermented proteins startup Jooules has raised NZ$1 million (A$920k) from local accelerator and investor Sprout Agritech. Jooules is among eight NZ$1m investments Sprout has made, with additional funding from partners US-based Finistere Ventures, dairy firm Fonterra and venture builder OurCrowd, as well as the Callaghan Innovation’s Deep Tech Incubator program. Other recent NZ$1m… Read more »
Social impact startup Maslow has raised $409,676 in a crowd-sourced funding (CSF) campaign from 288 investors, including many other founders in the impact space. Investors included Brendan Doggert, country manager of Sharesies, Youpay founder Matt Holme, former ZeroCo CMO Glen Cassidy, Future Super cofounders Kirstin Hunter and Adam Verwey, Doone Roisin of Female Startup Club,… Read more »
Former Sydney insurtech unicorn Cover Genius has raised its third 9-figure round, this time banking US$80 million (A$120m) in a Series E. The fresh capital follows a $112 million (US$70m) Series D in late 2022 and $100 million in a series C in October 2021. The round was led by California VC Spark Capital, which… Read more »
New Zealand agritech startup Metrovate has raised NZ$1 million (A$920k) to develop its precision plant growth “biostimulant”. The investment was made by early-stage accelerator and commercialisation firm Sprout Agritech with support from its investment partners, US-based Finistere Ventures, Kiwi dairy giant Fonterra and venture builder OurCrowd, as well as the Te Pokapū Auaha Callaghan Innovation’s… Read more »
Budget cuts and ongoing criticism of the state government-backed Breakthrough Victoria have not slowed its capital deployment, with $5 million invested in medtech manufacturing startup Neo-Bionica. Founded in 2021 as a joint initiative of the Bionics Institute and the University of Melbourne and based at St Vincent’s Hospital Melbourne, Neo-Bionica was developed to fill a… Read more »
We now know how much the federal government is spending to bring PsiQuantum, the California-based quantum computing company with Australian founders, to Brisbane. Well, almost. The budget says $466.4 million in equity and loans from Export Finance Australia on the National Interest Account. And it seems that a fair slab is a loan “estimated to exceed… Read more »
Sydney fintech Data Zoo has raised $35 million (US$22.7m) taking on external capital for the first time. The funding came from Ashok Jacob’s Sydney investment firm, Ellerston Capital, via its JAADE fund, which has also backed startups Mable, Camms, and Phocas. The deal values the business at more than $100 million. Data Zoo’s software provides… Read more »
Welcome to The Ask, Our column designed for founders looking for capital. It may be venture capital, crowdfunding or another path, and is designed to flag your startup to potential investors. If you’re on the hunt for cash, we’re happy to share the news with Australia’s startup community. This is your chance to pitch directly… Read more »
Digital beef cattle management platform AgriWebb has raised US $US7.2 million (A$11m). The 10-year-old startup attracted listed Swedish climate solutions firm Munters Group as a new investor, with existing backers Germin8 Ventures, Grosvenor Food & AgTech, and Telus Ventures, the VC arm of the Canadian telecommunications giant, also part of the round. AgriWebb, founded in… Read more »
Welcome to The Ask, our regular column for founders looking for capital. It may be venture capital, crowdfunding or another path, but if you’re on the hunt for cash, we’re happy to share the news with Australia’s startup community. This is your chance to pitch directly to them. This week it’s we have a special… Read more »
Rumours that the federal government was looking at dramatically ramping up the thresholds to qualify for the wholesale investor test sent shockwaves through the startup sector at the start of 2024. The purported changes being considered as Treasury looked into the issue were increasing the asset threshold to $4.5 million, up from $2.5m, with the… Read more »
Melbourne tech startup V2 Digital has pocketed a $30 million equity investment from Columbia Capital just 12 months after launching. The digital transformation and data consultancy takes vision to value in companies, combining its experience, data, software, and cloud expertise to upskill internal talent. Founder Craig Howe launched the business in April 2023 and now has… Read more »
Wollongong-based electrolyser startup Hysata, which is developing production methods for low-cost green hydrogen, has raised $172 million (US$111.3m) in a Series B, a record for clean tech in Australia. The round was co-led by the venture arm of oil industry giant bp, and Investec’s Hong Kong-based alternative investment firm Templewater, with both chipping in US$10m (A$15.2m).… Read more »
SupplyScope, a product development startup dealing with regulatory compliance and safety to get to market faster, has raised $300,000 from early-stage investor Skalata. The challenge faced by product suppliers is that takes months of testing and paperwork to get to market. As a result, many have bypassed larger stockists by selling direct-to-consumer and via online… Read more »
Gaming content generation platform Stori has rebranded as Nucanon having raised $500,000 in what the startup says is another pre-Seed raise. The latest round was led by Skalata with support Outlier Ventures, Paperclip Partners, and Sydney FC CEO Mark Aubrey, as well as existing investor Antler. Launched in 2022 by Nilushanan Kulasingham, who built his… Read more »
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