There’s plenty of doom and gloom about the availability of capital at the moment. Right across the tech landscape from seed-round startups to listed tech companies, founders are feeling the brunt of a dramatic shift in sentiment thanks to the high-interest rate environment. But while much of the commentary seems to label this as an… Read more »
Cybersecurity startup Nullify, which uses artificial intelligence (AI) to help software developers and security teams detect and fix potential vulnerabilities in code as it’s being written, has raised $1.1 million in a pre-Seed round led by OIF Ventures. Former XM Cyber founding team Adi Ashkenazy and Zini Shahar, now running the security advisory firm Skylight… Read more »
New Zealand carbon footprint management fintech Cogo, which works with banks to help their customers measure and reduce their carbon impact, has raised NZ$1 million (A$910k) from existing impact investor Soul Capital. Soul’s NZ$20 million ‘Te Pae ki te Rangi’ Fund is focused on helping Kiwi startups with their global expansion. Cogo currently operates in… Read more »
Melbourne fantasy sports startup One Future Football (1FF) has raised $3 million in a pre-Seed round to launch a global soccer league of 12 virtual teams, including one from Sydney’s Bondi. The raise was led by Blackbird Ventures with international footballers Chris Smalling, Patrice Evra and Jesse Lingard, as well as UFC fighter Kamaru Usman… Read more »
Brisbane online prescription startup Midnight Health has raised $15 million in a Series B with ASX-listed insurer nib stumping up the cash for a third time 19 months to own more than three-quarters of the business. nib’s investment comes as regulators crack down on the sector, forcing medtech companies to shift from online applications for… Read more »
Green hydrogen startup HydGene Renewables, has raised $6 million to reduce the reliance on fossil fuels to produce the energy source. The round into the Macquarie University synthetic biology spinout was led by the Clean Energy Finance Corporation’s Clean Energy Innovation Fund, which chipped in $2 million, and specialist UK investor Agronomics. HydGene’s technology is… Read more »
A wild idea to create an “internet of energy”, transmitting power from space using light beams has landed $3 million in Seed funding Aquila Earth is a renewable energy startup looking to create the world’s first global, wireless energy network. The round was led by Blackbird Ventures alongside Possible Ventures, Icehouse Ventures and Startmate. Aquila… Read more »
A vowel-challenged sales training startup for the TikTok generation has raised $4.6 million in a Seed round. The round for Melbourne platform frntlne was led by Matt Berriman’s RealVC with support from Investible, Hoperidge Capital, and Navitas founder Rod Jones. Frntlne creates TikTok-style product education videos for customer-facing staff in retail, hospitality and pharmacy with… Read more »
Battery materials startup Sicona Battery Technologies has raised AU$22 million in a Series A for its plans in Australia and the US. The round was led by India’s Himadri Speciality Chemical Ltd, Australian VC Artesian, and Electrification & Decarbonization AIE LP, a fund managed by Waratah Capital, alongside backers including Riverstone Ventures, Chaos Ventures, Investible Climate… Read more »
Sydney broadband network analytics firm Canopus Networks, which helps telecommunications providers deliver low-latency lag-free gaming, has raised an additional US$3 million (AU$4.5M) in its Series A to take the total value of the round to US$10.6 million (A$15.7m). The latest round was led by US VC Konvoy Ventures, a gaming industry focused investor. Managing Partner… Read more »
Queensland at-home catering platform Gathar has raised nearly $800,000 in a crowdfunding on the female-founder focused Microwd. The private chef platform, dubbed the Airbnb of dinner parties, partnered with expat celebrity chef Curtis Stone to take the concept to the US, kicking off in his home state of California at the start of 2023. More… Read more »
ASX-listed jobs marketplace is looking to ramp up its UK business in a deal with leading TV station Channel Four. The broadcaster’s VC arm, 4 Ventures, Britain’s leading media-for-equity investor, is tipping in $6.5m million (£3.5m) in value for a 20% stake in Airtasker UK, the company’s UK subsidiary. Channel 4, which gave the world… Read more »
Sydney VC OneVentures has pledged $15 million as a cornerstone investment towards a $25 million Series B raise for life sciences startup ImmVirX. The biotech startup is developing cancer treatments using oncolytic viral immunotherapies (viruses that infect and destroy cancer cells without damaging normal cells). The remaining $10 million in the Series offered to existing… Read more »
A New Zealand entrepreneur who developed virtual reality software to treat anxiety and phobias is heading to Australia as part of a bid to source additional funding to help further enhance his product. oVRcome founder Adam Hutchinson, from Christchurch, will pitch to investors at the Digital Health Festival in Melbourne starting June 6. Funding will… Read more »
A Brisbane startup that has developed waterproof coatings for packaging than ensures it’s still recyclable has raised $1.85 million in a pre-Seed round. Earthodic’s bio-based coating solution, Paperbarc, provides paper and packaging with enhanced water resistance while still being strong and recyclable. It’s a potential replacement for the current use of wax or plastic-coated packaging.… Read more »
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