Jelix Ventures has raised a new $15 million for a new fund to back early stage startups and the Sydney VC ramps up its investment plans. The fund has already made its first investments, including software development startup FL0, quantum computing venture Quantum Brilliance and agtech Bitwise Ag, with several more deals already in the… Read more »
Carbonix, the Sydney startup that pivoted from high-speed sailing to drones, has raised $6.3 million in a late seed round ahead of US ambitions. The round was led by ASX-listed defence aerospace manufacturer Quickstep (ASX: QHL), and comes as the venture lands a major deal with electricity supplier Ausgrid to use Carbonix drones to monitor… Read more »
Work skills retraining startup EntryLevel is gearing up for a seed raise after pre-seed funding from Blackbird Ventures saw the virtual trainer reskill more than 30,000 people in just six months. Blackbird tipped $350,000 into the cohort-based edutech startup, which has an ambition to help one billion jobseekers around the world launch their careers through… Read more »
Melbourne hearing startup Hearables3D has raised $1 million ahead of plans to expand into the European and US markets. The investment was led by Significant Early Venture Capital and Starfish Ventures. The hearing loss startup, spun out of Swinburne University, also recently landed a $200,000 grant from the Australian Government’s Accelerating Commercialisation program. Hearables3D set… Read more »
What’s a SAFE, what’s a convertible note, and are they really better for founders than raising investment in a priced equity round? The short answer is that you can raise investment with a SAFE note or convertible note in Australia, but you might not necessarily find it easier to raise the money if you do.… Read more »
Skills training startup Forage has raised US$25 million (A$35m) in a series B. The round was led by Blackbird Ventures, with participation from Telstra Ventures, Citi Ventures, Gaingels, Cap Table Coalition, ETF@JFFLabs and existing investors Lightspeed Venture Partners and FundersClub. The raise comes less than 12 months after the four-year-old Y Combinator graduate, previously known as InsideSherpa, landed a US$9.3 million series A. Forage… Read more »
Agtech startup Regrow has raised US$17 million (A$23.5m) in a series A for its carbon measurement software for the agri-food supply chain sector. The raise was led by new US climate change focused VC Ajax Strategies, Tenacious Ventures and Cargill. Existing investors include Microsoft’s venture fund M12, the Jeremey and Hannelore Grantham Environmental Trust’s Neglected… Read more »
New Zealand G venture capital firm Global From Day 1 (GD1) has raised NZ$130 million (A$124m) for its Fund 3, more than double its original first close target The Auckland-based VC is now pushing on to a cap of $160 million to back local startups with global ambitions as one of the country’s leading investors.… Read more »
Antler is known for breaking down the barriers of entrepreneurship and now, via a new initiative, the “Antler Angel Experience,” is also providing access to untapped early-stage funding opportunities. Local investors and startup founders will know, Australia has an early-stage funding gap. It exists due to a market gaining in maturity and results in startups struggling… Read more »
Andrew Bassat’s Seek Investments has led a $40 million series A for online disability services platform, Hireup. Hireup helps people with disabilities find, hire and manage their own support workers. The strategic backing by Seek Investments for a minority stake, along with support from existing shareholders, will help the six-year-old business scale nationally. The Myer… Read more »
Who Gives a Crap CEO Simon Griffiths is among a group of startup founders backing a $10 million for a new “community-powered” venture capital fund that has scooped up the cash together in just four months. AfterWork Ventures will invest in Australian and New Zealand technology startups at the pre-seed and seed stage and is… Read more »
The Intergovernmental Panel on Climate Change report released this week was described as a “code red for humanity”. We’ve been collectively called upon to drastically reduce emissions in order to stabilise rising temperatures that are already beginning to cause natural events of biblical proportions. Meaningful emissions cuts won’t happen unless we come up with strategies… Read more »
You’re a product visionary. You’ve incorporated customer feedback into your business. Your revenue model is scalable. Your brand is on point and cutting through. Your prototypes and proof of concepts are gaining customer traction. Your metrics are pointing in the right direction. Now all you need is funding to support your go-to-market. While we’ve previously… Read more »
Sydney startup Dovetail has raised A$5 million in a round led by US VC Felicis Ventures. The raise was also supported by Mike Cannon-Brookes’ family investment vehicle Grok Ventures, Didier Elzinga, the co-founder of Culture Amp, and Blackbird Ventures. The software company enables teams to make better decisions through deep customer understanding, and will use… Read more »
New York private equity venture Insight Partners has made another investment down south, leading a NS$17 million (A$16.2m) series A into New Zealand legal tech LawVu. AirTree Ventures returned for this round, having been part of a A$2.3 million pre-series A in May that also saw investments from US-based Shasta Ventures and NZ Growth Capital… Read more »
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