Australian VC firm OIF Ventures has launched its new Opportunity Fund into which investors have already committed $55 million to focus on later stage startups that already have a proven track record. The fund will aim itself toward technology businesses with more than $10 million in annual revenue, strong growth, and competitive advantage – B2B… Read more »
When Andre Eikmeier wrote about the state of his startup Good Empire in May, the project was in a tough place. He had laid off his full team of 12, suppliers were waiting patiently to be paid, and the tax office was hovering around for its cut. Some local news outlets reported this as the… Read more »
Australian-born non-alcoholic spirit company Lyre’s is celebrating the completion of its latest funding round, pulling in nearly £18 million ($34 million) to help bolster its supply chain and global inventory. Led by international investors DSquared and Morgan Creek Consumer Fund, the latest raise saw existing investors tip more funds into Lyre’s as a show of… Read more »
Australian dissolvable hand soap startup Single Use Ain’t Sexy has sold to travel amenities company Buzz for an undisclosed sum. Single Use Ain’t Sexy developed a clever method of delivering hand soap into a pump bottle with minimal extra plastics. Its product is a dissolvable soap tablet you drop into a reusable glass bottle which… Read more »
Startup Daily has launched the inaugural 2023 Startup Daily Best in Tech Awards, a flagship celebration of Australia’s tech startup and scale-up community to recognise the best and brightest people and ideas in the Australian tech ecosystem, with entries across 10 categories opening today. Startup Daily has been Australia’s leading digital publisher of startup news,… Read more »
As investment in Australian agrifood tech innovation grows, so do the opportunities for startups. The latest is the AgriFutures AgXelerate Program, which is inviting a diverse slate of innovators to apply – and you might be one of them. The AgriFutures AgXelerate Program has opened up applications for agrifood tech entrepreneurs and startups interested in… Read more »
A agtech startup tackling the security and transparency of carbon credits has raised $6 million to take the next big leap in Australia’s digital farming revolution Melbourne-based Sensand brings together agricultural land management, carbon project operations, and environmental markets on a single platform. The funding came in a single cheque from Robert Costa, chair of… Read more »
A new impact fund for Indigenous startups has raised $15 million, taking it halfway to a $30 million target to back Aboriginal and TSI entrepreneurs. First Australians Capital (FAC), is an Indigenous-led organisation focused on business advisory services coupled with a social impact fund for Indigenous businesses. Since 2016, FAC has supported more than 700… Read more »
Non-alcoholic cocktail company Naked Life comfortably landed its $3 million raise on equity crowdfunding site Birchal that finished on Thursday night. In the final 12 hours of the campaign, around 130 investors tipped the last $450,000 into Naked Life which easily walked away with what it sought from the funding drive. Founder and managing director… Read more »
Today Meta launched its long-awaited new social media product Threads, a Twitter clone that syncs to Instagram accounts and offers a chaotic feed filled with influencers, news outlets, and brands vying for attention. Meta CEO Mark Zuckerberg said Threads was intended as “an open and friendly public space for conversation.” “We hope to take what… Read more »
Sydney startup MagicBrief has raised $2 million in a pre-Seed round for its marketing platform which acts like the lovechild of Canva and Pinterest for advertising. The round was led by Blackbird with support from Archangel Ventures. Several individual founders also chipped in as angel investors, including Vimeo’s Zach Klein, UsTwo’s Matt Miller, Tim Doyle… Read more »
A Brisbane startup focused on fleet energy management and AC charging for electric vehicles (EVs) has raised $5 million in a Series A from existing investors. EVOS was cofounded by three former employees of the Nasdaq-listed Queensland fast charging company Tritium. It previously raised $1.7 million in a Seed round two years ago and since… Read more »
Proptech Inspace has raised $6 million in a Series A for its virtual inspection software platform for commercial property promotions. The round was co-led by Facebook cofounder Eduardo Saverin’s B Capital and local VC Our Innovation Fund (OIF), an existing investor, with Investible also once again chipping in. Inspace previously raised$ 4 million in a… Read more »
A deep tech startup cofounded by three globally recognised atomic physicists at Australian National University has raised $12 million to develop miniaturised quantum sensors for mining, underground resources and navigation. The round was led by existing investor Blackbird with support from Right Click Capital. A previous Seed round raised $2 million, with ANU also on… Read more »
South Australian customer retention fintech Sherlok has raised $3.4 million to help mortgage brokers get better home loan deals for their clients. The round was led by VC Rampersand, with participation from Investible and its Club Investible syndicate, supported by Paloma and Common Sense Ventures. A pioneering use case of open banking from the three-year-old… Read more »
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