Brisbane startup Infensa Bioscience has raised $23 million to develop a potentially life-saving treatment using deadly spider venom to prevent the damage caused by heart attacks and stroke. The biotech venture, spun out of University of Queensland, uses a molecule in the venom of the K’gari (Fraser Island) funnel-web spider, as the possible drug solution,… Read more »
No matter how great your startup idea is, if you can’t fund it, you can’t build it. With that in mind, we asked three startup founders for their most game-changing revenue raising moves. Whether you’re bootstrapping or capital raising, you need to hit certain money milestones to successfully grow your startup and scale it into… Read more »
With fans heading back to sports arenas to watch live concerts and games, tech startup Snackr has raised $915,000 in Seed funding for its in-seat ordering system. The round was led by RAC-backed venture fund BetterLabs, joined by Woodside Energy Technologies, Eastcourt Capital and Spacecubed Ventures. Snackr CEO Matt Lim said the mobile ordering startup’s… Read more »
Computer vision software startup Black.ai has raised $5.4 million in a Seed+ round. It was led by Jelix Ventures, with support from Right Click Capital and several angel investors. The six-year-old business has now raised $8.55 million and will use the funds to double its local headcount, expands its industry reach, and build out its… Read more »
Digital news channel The Daily Aus, which has pioneered a social media-first approach to current affairs for younger Australians, has raised $1.2 million in Seed funding. The round was led by media former Nine CEO David Gyngell, supported by Canva executives Zach Kitschke and Rob Kawalsky, as well as festival the Untitled Group. The backing from… Read more »
Andreessen Horowitz’s legendary US VC fund a16z, has led a US$6.75 million (A$9.76m) Seed raise into Australian women-led game studio Lumi Interactive. The oversubscribed round was also backed by 1Up Ventures, Galileo Ventures, Heracles and Double Loop Games founder Emily Greer. Lumi sees its mission as making the world a kinder place, and plans to… Read more »
Aspiring green hydrogen producer LINE Hydrogen has raised $1.38 million from crowdfunding as it looks to play its part in Australia’s renewable energy mix. The Tasmanian startup, alongside the Bell Bay Solar Farm, is hoping to become one of Australia’s first 100% renewable commercial-scale hydrogen producers and distributors, with production beginning in early 2023. LINE’s… Read more »
Western Australian funeral industry challenger brand Bare has raised $10 million in a Series A. The round was led by Perennial Partners and Ord Minnett Private Capital. The company, previously known as Bare Cremation counts OIF Ventures, Athletic Ventures, Who Gives A Crap founder Simon Griffiths and former basketballer Andrew Bogut among its backers and… Read more »
Video collaboration scaleup Vloggi has secured a key angel investor at it looks to raise $1 million in a Seed round Vloggi founder Justin Wastnage said serial entrepreneur Sascha Manuel-Reuter, founder of file transcoding platform Doctape, made a “significant commitment” to the raise. Manuel-Reuter sold Doctap to Atlassian in 2014 and it’s now integrated into… Read more »
The University of Melbourne is launching two new major investment funds, worth a combined $115 million, to help researchers commercialise their work in new startups. The $15 million University of Melbourne Genesis Pre-Seed Fund, established in conjunction with Breakthrough Victoria, will provide funding for early-stage research, ideas and new technologies and will facilitate access to… Read more »
Last mile delivery startup HUBBED has landed $12 million from the Australian Business Growth Fund (ABGF) in a deal that sees the big banks and government backed venture capital fund take a 30% stake in the logistics business. Amid an explosion in parcel delivery in recent years, HUBBED offers designated collection points across 2,150 convenient… Read more »
A manufacturing startup taking inspiration from the streamlined design of shark skin to reduce drag on plans has raised $5.6 million in a Seed round. The raise for MicroTau was led by the Clean Energy Finance Corporation (CEFC), chipping in $2 million, supported by Bill Tai and Amanda Terry of ACTAI Ventures and Bandera Capital. The… Read more »
Will and estate planning startup Willed has raised $6 million as it looks to expands its services to deal with issues such as cryptocurrency. The SaaS startup’s backers include Thorney Investment Group, Ellerston Capital, Paul Dwyer, founder of PSC Insurance, and Bell Potter’s Hugh Robertson. Dwyer has joined the Willed board as a non-executive director.… Read more »
AI-based stormwater and sewerage pipeline maintenance software VAPAR has raised AUD$2,500,000 in seed funding for its global expansion plans. The raise was backed by LSE-listed Halma Ventures and Australian Sprint Ventures, Access Capital Ventures and Barry Winata’s Metagrove Ventures. Female engineers, Amanda Siqueira, CEO, and Michelle Aguilar, CTO, co-founded VAPAR in 2018 after witnessing first-hand… Read more »
Australia-based Ocean Impact Organisation has selected six startups from around the world for its inaugural Ocean Impact Accelerator Program. Revealing the startups on World Ocean Day, OIO co-founder and CEO Nick Chiarelli said two of the companies, Nuvoe from Sydney, and Uuvipak from Brisbane, are among the six potentially game-changing startups involved in the 7-month… Read more »
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