A Sydney startup developing AI ‘co-pilot’ systems to automate medical reports for specialist doctors has raised $2 million from leaders in surgical healthcare. Medow Health AI was cofounded by Joel Freiberg, who has Crohn’s disease, and his brother Josh, inspired by the time their father, a respiratory physician, spent doing admin after work. Clinicians who’ve… Read more »
A mining tech startup spun out of Monash University has raised $27.5 million in a Series A. The round for ElectraLith was led by CSIRO-backed deep tech VC Main Sequence, with existing investors Rio Tinto, IP Group and Monash Uni also participating along with Chevron Technology Ventures, Hostplus, Fathom Fund Vista Energy, Marathon Petroleum, CIA-backed US… Read more »
A medtech startup developing the world’s first arthroscopic (joints) surgical robot has raised $5 million in a Series A to crack the US market. Convergence Medical was backed by US investor Avicella Capital, at a valuation above $30 million. The funds will support plans to commercialise the robot, expand into the US to grab a… Read more »
Troubled Victorian medical device startup Seer Medical has been placed in voluntary administration amid a product recall and legal battle with its ousted cofounder. Lindsay Bainbridge and Andrew Yeo from Pitcher Partners Melbourne were appointed administrators on January 6 following a pre-Christmas board meeting where the medtech’s directors voted to hand over the books. Pitcher… Read more »
Woolworths CEO Brad Banducci, who departed the grocery retailer in February with a $24 million golden handshake, not long after vacating the chair during a notorious Four Corners interview about grocery prices, has put some of that windfall to use backing a $2 million Seed round for a startup taking on Salesforce’s Slack and Meta’s… Read more »
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 »
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 »
Daily startup news and insights, delivered to your inbox.
