Air-conditioning energy and emissions reduction startup, Conry Tech, has raised $1.6 million in a pre-Seed round led by Bandera Capital with support from Kiwi VC Pacific Channel. The Melbourne startup was cofounded in 2020 by long-term collaborators Ron Conry and Sam Ringwaldt, both experts in developing HVAC (heating, ventilation, air-conditioning) products that cut CO2 emissions.… Read more »
An artificial intelligence (AI) startup of develop real-time data analysis of sales for retailers has raised $4 million in a Seed round led by Square Peg. GoodWork.ai is working with global retailers to build analytics AI for retail merchandise, finance and operations teams to make trade performance analysis fast and easy. The AI analyses the… Read more »
The federal government’s $15 billion National Reconstruction Fund has made its second investment, taking a $13 million equity stake in Canberra startup Quantum Brilliance. It follows $40 million for a mining tech manufacturer announced last month. The National Reconstruction Fund Corporation (NRFC) funding is for QB to build Australia’s first quantum diamond foundry for its… Read more »
New Zealand artificial intelligence-augmented startup Grw AI has raised NZ$2.4 million ($2.2m) in a record pre-Seed round led by US investors in less than a month at a NZ$12 million valuation. The investment from a roll call of West Coast VCs and Silicon Valley angel investors with see the Grw AI team relocate from Auckland… Read more »
An eight-year-old health tech startup helping elderly people live safely at home has scored $2 million in funding, led by Breakthrough Victoria. Umps Health is developing sensors and AI for proactive aged care at home. Breakthrough Victoria invested alongside Intervalley Ventures, with follow-on funding from existing investors Sprint Ventures, the Cerebral Palsy Alliance, the 5Point… Read more »
Seven venture capital firms will look to invest up to $150 million in Western Australian startups underpinned by a $45 million commitment from the state government’s WA Venture Capital initiative (WAVC). Premier Roger Cook announced an additional $15 million for WAVC at West Tech Fest in Perth, topping up the government’s initial $30m commitment. Cook… Read more »
Crowd-sourced funding (CSF) platform Birchal’s new Birchal First Syndicate has turbocharged $1.9 million in funding for Victorian hardware technology startups in 90 days since its launch. The angel syndicate, backed by a $300,000 LaunchVic grant, combines its lead investments with retail investor support on the crowdfunding platform’s equity capital raising campaigns. While battery-powered aircraft engine… Read more »
A new investment fund focused on and run by women has been kick-started with $100 million Western Australian philanthropist Nicola Forrest. The funds have come from the Minderoo Foundation, which Forrest established with her ex-husband, mining billionaire Andrew Forrest. The philanthropic fund has gender equality is a priority focus. Future Generation Women (FGW) will be… Read more »
Melbourne startup TALY has raised $500,000 in pre-Seed funding led by Skalata to transform how companies use personality data to make better decisions. Founder Peter Treloar said that while $4.3 billion is spent annually personality testing, but for the most part it’s poorly utilised. “The secret of enterprise personality testing is that most of it… Read more »
MGA Thermal has added climate tech fund Electrifi Ventures and Climate Salad to its cap table with another top up of the clean energy startup’s pre-Series B, taking the total raised to $14.15 million. While the Hunter Valley startup, developed what it calls Miscibility Gaps Alloy (MGA) Blocks to absorb and store thermal energy made from… Read more »
Skip Capital has led a $6.6 million raise for a construction tech platform that keeps track of quality and compliance during a build. The first raise for three-year-old Melbourne startup Visibuild was also backed by unnamed private and non-institutional investors, with the funding earmarked for product development as the business looks to expand across Australia… Read more »
The Victorian government will invest $150,000 each to create 50 new startups and pay their salary for the year as part of an entrepreneurship program run by Breakthrough Victoria. Treasurer and economic growth minister Tim Pallas announced a $7.5 million million investment in the Breakthrough Victoria University Innovation Platform Fellowship Program, which will establish up… Read more »
Perth VC fund Purpose Ventures has continued a busy week leading a $4 million raise for mental healthcare marketplace My Mirror. Purpose also backed a $2 million raise for WA venue booking startup SpaceToCo this week. The round for My Mirror was also supported by new and existing investors, including Roger Allen, the pioneering startup… Read more »
Western Australian venue rentals startup SpacetoCo has raised $2 million from Purpose Ventures, as the booking platform look to take its international ambitions to the UK. SpaceToCo simplifies the venue hire process for owners such as local government and community centres. Its enterprise-level software streamline the booking process and reduces repetitive administration tasks as well… Read more »
A biotech startup hoping to use gene therapy to treat neurodegenerative diseases such as Motor Neurone Disease (MND), epilepsy and dementia has raised $16.75 million in a Series A. The round for Celosia Therapeutics was led by research commercialisation fund Uniseed, with support from UniSuper and hedge fund manager Iomar Barrett, who has amyotrophic lateral… Read more »
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