BlueScope Steel’s venture capital arm, BluescopeX, Aconex cofounder Rob Phillpot’s Gravel Road, and Archangel Ventures have co-led a $1.5 million Seed round for a Melbourne proptech software startup that educates commercial builders on the benefits of engineered timber for commercial construction. The raise for CLT Toolbox was also supported by Flying Fox Ventures and Dan… Read more »
A renewable energy software startup to emerge out of the Startmate program has raised $500,000 in its first external round. Power systems engineers Jarman Stephens and Damien Vermeer cofounded gridmo earlier this year to fast track renewable energy grid connection studies. It was built to MVP in Startmate’s summer 23 cohort. The raise was led by the… Read more »
Equity may be tough to secure in the current market, but it’s not the only option for startups looking to weather the funding storm. For some, it’s not always the right choice either. AI eCommerce software platform Particular Audience is fuelling its expansion using ‘growth credit’ – venture debt funding suitable for scaling companies, which… Read more »
Sydney startup Apollo Secure, which focused on helping small business deal with the complexities of cybersecurity, has raised $600,000 in pre-Seed funding. The round was by 24 investors from Sydney Angels with support from Brisbane Angels and a consortium of investors from Angel Loop. Apollo Secure is an automated platform for startups and SMEs to… Read more »
Western Australian battery recycling startup, Renewable Metals has raised $8 million in Seed funding to address low levels of lithium battery materials recovery. The round was led the Investible’s Climate Tech Fund, with support from the Clean Energy Finance Corporation (CEFC) through Virescent Ventures, which tipped in $2.5 million, and US VC the Grantham Foundation… Read more »
The ongoing El Nino drought of startup funding in Australia has continued in the first quarter of the new financial year, with total funding down 42% on 12 months ago, and falling by 9% on the previous quarter according to new analysis from Cut Through Ventures. The September quarter saw A$739 million invested across 77… Read more »
Dairy alternative startup Eden Brew has raised $24.4 million in a Series A as it prepares to bring its animal-free products, including milk and ice cream, to market. The two-year-old venture, created as a joint-venture by northern NSW dairy co-op Norco, CSIRO and its VC arm, Main Sequence Ventures, uses a fermentation process to brew… Read more »
A Queensland startup helping power up America with drones to roll out power line upgrades has raised $36 million in a Series A. The round for Infravision was led by US sustainability investor Energy Impact Partners (EIP), supported by Equinor Ventures and Edison International (EIX). Robotics engineer Cameron Van Der Berg and military veteran Chris Cox… Read more »
Energy sector digital twin startup Neara has raised $15.25 million in an extension of last year’s $20 million Series B round. The round was led by South African VC Prosus Ventures (formerly Naspers Ventures), a frequent Australian investor, which also backed crypto gaming unicorn Immutable. Existing backers Square Peg and Kim Jackson’s Skip Capital also… Read more »
While most of us suspect we waste too much of our working day in meetings and dealing with emails, employee communications startup Traffyk.AI has had a look at the size of the problem – it’s a day a week – and done something about it. The enterprise software startup has raised $1.8 million in a… Read more »
Foodbomb, a six-year-old wholesale food marketplace, has been acquired by hospitality ordering platform Ordermentum for an undisclosed sum. Founded in 2017 by Paul Tory and Josh Goulburn, Foodbomb raised $4.5 million in a Series A two years ago. Its backers include EVP, Athletic Ventures, Aura Ventures, Tony Gandel’s family investment vehicle, Tahmedia, and Platform Advisory Partners.… Read more »
Melbourne fintech tikpay has raised $1.6 million in a pre-Seed round ahead of the launch of its pioneering account-based ticketing (ABT) and payments platform. The round was led by AfterWork Ventures and Black Nova VC with participation from Investible, Func Ventures, Metagrove Ventures, and two transport industry insiders. While Sydney commuters have been able to… Read more »
The Victorian government’s $2 billion investment fund, Breakthrough Victoria has backed five Victorian universities to help them bring research to market in a deal worth $87 million. Deakin, La Trobe, Monash and Swinburne universities have contributed $9 million funding matched by Breakthrough Victoria, with RMIT matching the $7.5 million it has received. Each partnership will… Read more »
The founders of TradeGecko and Advocately, Cameron Priest and Patrick Barnes, are back with a bang thanks to their new e-commerce startup, Amp, which has secured US$18.5 million (A$28.5m) in a series A, having only launched last year. AMP is their solution for the challenge retailers face in using dozens of different apps to run… Read more »
Merchandise data startup Flagship has raised $2 million in a Seed round to help retailers to make better data-based decisions of maximising product appeal for in-store shoppers The round led by Sydney VC Tidal Ventures, with support from Afterpay’s billionaire cofounder Nick Molnar, backing his brother Simon’s startup play. Macdoch and Co Ventures, NRL player Luke… Read more »
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