New Zealand fintech Wych has raised NZ $1.5 million (A$1.32m) to accelerate open banking delivery in New Zealand and Australia . The round was New Zealand FinTech Fund (NZFF) with participation from the NZX-listed Booster Innovation Fund (BIF) and other strategic investors. Wych provides secure, real-time financial information and data exchange to power the next generation… Read more »
After some quiet weeks of startup raises, we’ve seen some course correction on the funding front over the past few weeks, and the trend is continuing. The last week of September saw $94.4 million raised across the tech, marketing, robotics and fleet spaces. Leading the charge was Morse Micro with $88 million in Series C. Morse Micro:… Read more »
Sydney-based martech startup Nevam has raised $1.2 million to scale what it calls the first “live journey mapping command centre” for enterprise marketers. The round follows a successful stint for the startup as part of Techstars Sydney’s 2024 cohort. It has now been backed by the accelerator as well as Brand Fund, the Huljich Family Office, and angel… Read more »
Robotics data analytics platform Alloy has raised $4.5 million in pre-Seed funding. The round was led by Blackbird Ventures with support from Airtree, US-based robotics VC Xtal Ventures, and Skip Capital as well as strategic angels investors include senior engineering leaders and founders from Waymo, Tesla, Halter, Reach Robotics, and Carbon Robotics. The Eucalyptus cofounders… Read more »
The federal department tasked with evaluating American firm PsiQuantum’s unsolicited proposal to build a quantum computer in Australia carried out an “appropriate” process despite minor issues with record keeping and planning for market testing, an internal audit has found. PsiQuantum proposed the build in November 2022, and its ultimately successful Brisbane plan — backed by… Read more »
Sydney long-distance wi-fi chip maker Morse Mirco has raised an $88 million Series C. The round was led by existing backer Japanese fabless semiconductor supplier MegaChips, topped up by $35 million from the federal government’s National Reconstruction Fund (NRF) and support from other previous investors including Blackbird, CSIRO-backed Main Sequence, super funds Hostplus, NGS, managed… Read more »
Brisbane startup Fleetyr has banked a $750,000 Seed round four years after launching and going global. The raise was led by early-stage VC 77 Partners, which is also based in the Queensland Capital as well as Silicon Valley where’s it’s backed by Bee Partners. Also chipping in is state government-backed QIC Ventures through its enterprise… Read more »
Artificial intelligence and automation were the name of the game when it came to startup funding deals this week, with four out of the five startups with new funding embracing AI in some form. Keep reading to find out more about the five local startups that collectively raised more than $340 million, including Firmus, which… Read more »
Fintech entrepreneur and investor Dom Pym and his fintech-focused venture fund Triple Bubble have forged a strategic partnership Commonwealth Bank’s venture-scaling arm x15ventures to support and scale Australia’s financial technology ecosystem. The partnership includes an investment, exploration of new fintech opportunities using x15’s bank-safe venture stack, and the development of a mutual mentorship and talent exchange program… Read more »
Blackbird’s disclosed portfolio value has climbed to $9.9b (AUD), capping a rebound led by Canva and fresh deep-tech momentum, and pushing performance to a 36.09% net IRR.
For too long venture capital has dominated the conversation around women and funding. Every headline, every pitch competition, every “success story” seems to point to VC as the only path to scale. And yet, VC is not only a poor fit for most women-owned businesses, it has warped the collective understanding of what finance should… Read more »
Australia’s first foundational legal AI startup Isaacus, which is building sovereign legal AI models and tools for legal tech companies, has raised $700,000 in pre-Seed funding. The round was co-led Aura Ventures and Galileo Ventures and will be used to bring Isaacus to market with significant customer traction already underway. Isaacus has developed a massive, proprietary… Read more »
Two startups from LaunchVic’s recent CivVic Labs accelerator program have banked $35,000 each to develop their ideas further. The program saw WoolGrow Australia and CForge each receive $35,000 to help bring their circular agriculture solutions to market. The decision follows a pitch featuring all 10 startups, which each one receiving $15,000 in equity-free funding, in… Read more »
Round three of the South Australia Space Collaboration and Innovation Fund will open next Tuesday, September 23, with two projects awarded up to $150,000 each This round is focused on real-world applications of space-derived data to solve pressing challenges on Earth. Funding will support innovative projects that demonstrate clear commercial potential in areas such as: … Read more »
Firmus Technologies has become the latest Australian-founded startup to reach unicorn status, after the data centre infrastructure business raised $330 million in a round backed by US chip giant Nvidia. Local investor Ellerston Capital has also backed the Singapore-based company, founded by Australian entrepreneurs Oliver Curtis, Tim Rosenfield and Jonathan Levee in 2019. The company… Read more »
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