Legal automation startup, Josef, has raised $5.2 million in what the company is calling “pre-series” capital. The round led by OIF Ventures, supported by existing investor Carthona Capital as well as Flying Fox Ventures, Jelix Ventures and Saniel Ventures. Founded in 2018 by lawyers Tom Dreyfus and Sam Flynn and engineer Kirill Kliavin, the company… Read more »
A biotech startup using gene therapy to tackle neurodegenerative diseases such as Motor Neurone Disease (MND), epilepsy and dementia, has been spun out of Macquarie University with $2 million in Seed funding to launch. Celosia Therapeutics is Australia’s first gene therapy company and the result of two decades of research at the university. It is… Read more »
Local semiconductor company Morse Micro has added another $30 million to its Series B raise, just 10 weeks after pulling in $140 million in the first stage of the round, including $100m from Japanese chipmaker MegaChips. The time local superannuation funds, including TelstraSuper, HESTA, Hostplus and NGS, managed by Blackbird, and UniSuper, managed by Uniseed,… Read more »
NSW tech startup Oceanfarmr, previously known as SmartOysters, has raised$1.45 million in a bridging round. Oceanfarmr is one of 23 impact tech startups to receive investment from Katapult VC and its accelerator program, selected from 1,900 candidates in 62 countries. The fresh capital will allow the aqua farming tech and finance startup to ramp up… Read more »
Australian startup founders remain upbeat about the future, despite challenging conditions, according to a new survey from law firm Herbert Smith Freehills (HSF), but an overwhelming 97% say the current fundraising environment is impacting their business strategy. Despite startup failures, withdrawals from the Australian market by some global companies and down rounds in capital raises,… Read more »
Recruitment and talent analysis startup Sapia.ai, formerly known as PredictiveHire, has raised $17 million in Series A. The round was led by Macquarie Capital and W23, the venture capital arm of Woolworths Group. The capital is earmarked for continued overseas expansion, including making the platform available in multiple languages. Sapia’s artificial intelligence-powered automation platform is… Read more »
UK software startup TrueLayer has halted Australian operations just 18 months after its arrival. TrueLayer’s software is an intermediary for other startups looking to use the data available under the the Consumer Data Right (CDR) and open banking regime to develop new fintech products. While the British fintech unicorn’s API platform currently processes more than… Read more »
A Sydney startup using robotics to assess critical infrastructure in the oil and gas industry globally has raised $15 million after doubling revenue over the past two years. Abyss Solutions previously raised $3.25 million in December 2020, with AirTree once again leading the latest investment, supported by Australian Retirement Trust. Cofounded in 2014 by four… Read more »
Sydney robotics and navigation tech scale-up Advanced Navigation has raised US$68 million (A$108m) in a Series B. The round was led by US private equity firm KKR, supported by deep learning venture firm AI Capital as well as existing backers Main Sequence, Malcolm Turnbull , In-Q-Tel, and OIF. The 10-year-old tech business has now raised… Read more »
Four women and mothers who banded together to help the parents of children with disabilities have raised $1 million from crowdfunding for their social network app. The Birchal campaign closed this week with $1.037 million from 604 investors. Kindship will use the funds to help parents navigate the NDIS. They plan to launch Kindship Wallet,… Read more »
Melbourne engineering and structural design startup ClearCalcs, has raised $2.5 million to double is its total pre-series capital to $5 million. Existing backers EVP and Shearwater Capital once again led the round in the software platform, which helps architects and engineers build more sustainable housing more efficiently . ClearCalcs previously raised $1.65 million 12 months… Read more »
Founders have a deep relationship with the business they start and are heavily invested in the dream of its long-term success. Their role extends far beyond a standard CEO title and the responsibilities that come with the top job in any other type of business. For this reason, cutting the umbilical cord is difficult for… Read more »
Seaweed-based plastics replacement startup ULUU has raised $8 million in a Seed round that’s attracted and all-star cast of investors from music, restaurants and modelling. The round was led by existing backer, Main Sequence Ventures, supported by Alberts Impact Ventures, Mistletoe and Possible Ventures. The Western Australian venture, is creating compostable polymers known as PHAs… Read more »
Software development startup Buildkite has raised US$21 million (A$31m) in a Series B round. Local VCs OneVentures and AirTree led the round with Up bank founder Dom Pym also chipping in alongside US firm General Catalyst. The Melbourne devops tech company previously raised $28 million in 2020 at a $200 million valuation. It’s just the… Read more »
Sydney-based Vow, a cultured meat company, has raised US$49.2 million (A$73.5m) in Series A funding. The raise was led by local VC Blackbird and Prosperity 7 Ventures, with support from Toyota Ventures, Square Peg, Grok, Cavalio, Peakbridge, Tenacious Ventures, HostPlus Super LP, NGS Super and Pavilion Capital. It’s a record for a series A raise… Read more »
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