An AI-powered 3D printing startup creating custom healthcare products has raised $5.8 million in a Series A. H3D emerged from Swinburne University in 2018, its initial investor alongside Starfish Ventures. Cofounder and CTO Dr Philip Kinsella developed fully-automated design technology at Swinburne. It’s made the startup a global leader in the hearing sector, producing hearing… Read more »
Equity Clear, the data transparency initiative created by Scale Investors, Giant Leap and Alberts, has secured sponsorship from Investment NSW to develop a national standard for investor diversity reporting. Equity Clear has also partnered with the UNSW Centre for Social Impact to add rigour to the process, and appointed founder and gender equity advocate Noga… Read more »
The start of spring appears to be a fruitful time for startup funding, with 19 blossoming Australian and New Zealand startups sharing in new funding deals this week. Keep reading to learn more about Andromeda, Starboard Maritime Intelligence, Freckle, Marloo, X-Hemp, Harvest B, Wable and Techstars’ latest cohort. Andromeda Robotics: $23 million Robotics startup Andromeda… Read more »
Victorian government-backed venture fund Breakthrough Victoria has lured another NSW startup across the border, investing $2 million in proteins manufacturer Harvest B as part of a $3.5 million pre-Series A. The round was led by Mandalay Venture Partners, supported by Breakthrough Victoria, Alberts Impact Ventures, the Investible Climate Tech Fund, and Investible Club. In January,… Read more »
PsiQuantum, the US startup with Australian cofounders, has raised a gobsmacking US$1 billion (A$1.5bn) in a round that’s more than doubled its valuation in four years to US$7bn (A$10.5bn). The California startup, founded in Palo Alto in 2015 by expat Australian professors Jeremy O’Brien, Terry Rudolph, Mark Thompson and Dr Pete Shadbolt, hopes to build… Read more »
The Techstars Sydney Accelerator has invested US$1.44 million (A$2.2m) in 12 early stage startups announcing its class of 2025 today. From surfing to strata management, music, marketing, finance and biotech, it’s a wide range of ideas and solutions to big problems. The founders include a former concert violinist, an early AirBnb employee, a PHD researcher… Read more »
Wable, a social networking app for neurodivergent people, inspired by the ABC TV series Love on the Spectrum, has raised $1.5 million to expand in the US and UK. The round was led by Paul Sharbanee from Taurus Capital. The app is designed to connect neurodivergent people for friendship, dating, jobs, and support, filling a… Read more »
Sustainable building materials startup X-Hemp has raised $3.4 million in Seed funding after banking a final $1 million from strategic investment partner Danehill Group. The Central Tasmanian construction tech business, based at Cressy, 30 minutes south of Launceston, was founded in 2020 by Andi Lucas, and will use the cash for critical infrastructure, R&D and… Read more »
An AI assistant designed for financial advisers, developed by New Zealand fintech Marloo has trousered A$4.2 million in pre-Seed funding. This round was led by Blackbird Ventures, with support from CoVentures, Brand Fund and a Who’s Who of angel investors, including Xero cofounder Philip Fierlinger, Stake’s Matt Leibowitz, Halter’s Craig Piggott, Heidi Health’s Tom Kelly,… Read more »
Companion robots startup Andromeda has raised $23 million in a Series A that values the business at $100 million. The round was led by San Francisco VC Forerunner Ventures, supported by Rethink Impact, Artesian, CSIRO-backed Main Sequence, Visible and Trampoline, as well as ex-Atlassian futurist Dom Price. Existing backers Purpose Ventures, which led 2024’s $3… Read more »
New Zealand ocean security startup Starboard Maritime Intelligence (SMI) has banked a NZ$23 million (A$20.7m) Series A. The round was co-led by SMI’s first backer, Kiwi VC Altered Capital, with new investors OIF Ventures and King River Capital, supported by Co:Act Capital, Icehouse Ventures, and Whakatupu Aotearoa Foundation. The funding is for global expansion into… Read more »
Yesterday, there were numerous articles written about the fact that a couple large VC funds missed their gender targets for new investments. We do ask our VC funds for more transparency and effort, and then low key shame them when they don’t meet their goals and state it publicly, even if they are moving the… Read more »
Nutromics’ latest raise adds fuel to its push for continuous molecular monitoring in the ICU, with vancomycin the first target and a local advanced-manufacturing play on the table.
An all-women founding team has as little as a 1-in-5000 chance of being funded in Australia according to the latest analysis of investment data from Blackbird. The VC fund released details on its efforts to close the gender investment gap for the 2025 financial year (FY25), with head of impact, Kate Glazebrook, saying “the last… Read more »
Crowd-sourced funding (CSF) platform Birchal is increasing its clip of the ticket on raises under $500,000, and shedding roles for the second time in 14 months as CEO Kirstin Hunter looks to put the business on a more financially sustainable path. Two leadership roles have been made redundant, cutting the team to four. SmartCompany reported… Read more »
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