Gold Coast-based Gilmour Space Technologies has raised $55 million in a Series D ahead of a maiden launch in Queensland later this year. The raise was led by the state government-backed Queensland Investment Corporation (QIC), an existing investor, alongside VCs Blackbird and Main Sequence, plus superannuation funds HostPlus and HESTA. The cash will fund the… Read more »
A jobs marketplace targeting Generation Z with AI-based matching has raised $7 million in its Seed round. Sydney-based Hatch was cofounded by The Iconic cofounder Adam Jacobs and Zip cofounder Chaz Heitner in 2018. The raise was led by Rampersand, with support from Alberts Impact Ventures, Aura Ventures, Jelix Ventures, and Investible, as well as existing… Read more »
Sydney quantum startup Diraq has raised US$15 million (A$23m) in Series A-2. The round was led by Paris-based Quantonation, the world’s first VC fund dedicated to quantum technologies. Also investing were John Higgins Family Investments and the University of New South Wales. The A-2 raise tops up US$20 million, led by Allectus Capital, when it… Read more »
A vector search startup for ecommerce, founded by a former Amazon robotics scientist and engineer, has raised US$12.5 million (A$19.4m) in a Series A, just six months after banking A$8.1m in a Seed round. The fresh raise for Marqo, was led by Lightspeed, with support from Blackbird, January Capital, and Chronosphere founder and CTO Rob… Read more »
Climate startup CarbonHQ, has raised $600,000 in pre-Seed capital to bring transparency and accountability to carbon credits. The raise was backed by early-stage VC funds Galileo Ventures and Investible. CarbonHQ aims to improve the efficiency and transparency of carbon projects and address the $3 billion voluntary carbon market (VCM). They are currently developing a digital platform… Read more »
Venture capital funding in Australia plunged 53% in 2023 on the previous year, returning to the level seen at the startup of the Covid pandemic in 2020. The year saw 413 reported deals totalling $3.5 billion (down from $7.4B in 2022) according to the third annual The State of Australian Startup Funding Report by Cut… Read more »
Brisbane electric vehicle charging startup EVOS Energy is one of 35 exporters backed with funding and support from Trade and Investment Queensland’s Go Global Export Program. EVOS Energy is taking its Australian-made EV home chargers and fleet energy management to the world with a little help from the Queensland Government. The sixth round of Trade… Read more »
The Australian government’s Medical Research Future Fund (MRFF), has invested a combined $3.25 million in four digital health startups through the commercialisation program ANDHealth+. ANDHealth backed two AI-based startups with non-dilutive funding: Baymatob, which developed a wearable monitor for pregnant women that uses AI to analyse to their vital signs for risks of birth complications; and… Read more »
Power retailer Amber Electric has raised $29 million in a Series C as it looks to take its battery and EV automation software offshore. ASX-listed billing and CRM provider Gentrack led the round with $12 million, building a strategic partnership with Amber to bundle its billing and customer care with Amber’s battery and EV automation… Read more »
New Zealand wine analysis startup Marama Labs has raised €1.75m (A$2.85m) in Seed funding to expand its global footprint. The round was led by European agritech VC The Yield Lab, supported by New Zealand Growth Capital Partners, Icehouse Ventures, Quidnet Ventures, DeepIE, Radar Ventures, NZVC, and Kiwi angel groups, plus high-net-worth’s from Ireland and Germany.… Read more »
Food redistribution platform Yume has raised $2 million as a Seed round as it looks to address food waste by connecting food manufacturers with surplus stock with businesses and charities that can use it. The round was led by Investible via its Climate Tech Fund, Investible’s Early Stage Fund 2 and Club Investible syndicate, with… Read more »
Plant-based leather substitute startup Alt. Leather has raised $1.1 million in an angel round to replace the alternative of petroleum-based synthetic leathers. The Melbourne-based startup, founded in 2022 by Tina Funder, was backed by Startmate, The Austin Group, Robyn Denholm’s family office Wollemi Capital Group, and LaunchVic’s Alice Anderson Fund, along with strategic angel investors. … Read more »
Queensland construction industry procurement platform ProcurePro has raised $6.15 million as it looks to take on the UK market. The company’s first external round was backed by AirTree and industry expert Leigh Jasper through his VC fund Saniel Ventures.\ The capital raised from ProcurePro’s first venture round will help accelerate growth in the UK as a key… Read more »
An AI-based Sydney software startup that checks sewer pipes for preemptive maintenance has raised $5 million in a Series A to ramp up its push into the US market. VAPAR, cofounded in 2018 by engineers Amanda Siqueira and Michelle Aguilar, was backed Dutch water technology specialist VC PureTerra Ventures, supported by US engineering and construction… Read more »
Australia’s science and technology sectors have urged Federal Parliament to pass the Australian Research Council Amendment Bill – and make a key amendment that requires the research funding agency to notify successful applicants within 21 days of grant approval. In its submission to the Senate Committee on Education and Employment reviewing the Bill, Science &… Read more »
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