Three space tech startups have received $18 million under the International Space Investment India Projects program, funded by the Australian government. Western Australia’s LatConnect60 received close to $5.8 million to develop and build a Low Earth Orbit satellite in Australia to collect information on carbon emissions at a very high resolution. The satellite will be… Read more »
Airwallex is offering to waive initial FX fees for startups as part of a new program for the sector. The foreign exchange fintech has launched Airwallex for Startups, with vice president of small-to-medium enterprises and growth, Matthew Sek, saying it’s been designed to unlock growth opportunities for startups and help them get their finances in… Read more »
The federal and Queensland governments have put the house on a US quantum startup over local rivals in a financial package worth $940 million (US$620m) to build a quantum computer in Brisbane. PsiQuantum was founded in Palo Alto, California in 2015 by expat Australian professors Jeremy O’Brien, Terry Rudolph, Mark Thompson and Dr Pete Shadbolt.… Read more »
The University of Sydney as won an $18.368 million grant to build a national industry hub, Quantum Australia, for the quantum computing sector. The federal funding over four years for up to 75% of the cost of the centre, which is charged with raising awareness of quantum technology, fostering collaboration between industry and universities, encouraging… Read more »
Sydney startup Xefco will ramp up its Victorian presence after raising $10.5 million in a Seed extension. The round was CSIRO-backed VC fund Main Sequence Ventures, with support from Virescent Ventures for the government-backed Clean Energy Finance Corporation, which chipped in $2.5 million, plus existing shareholders Investible and Voyagers Climate-Tech Fund in Xefco’s Seed investment round.… Read more »
There’s no shortage of debate around venture funding for female founders, but if you’re looking for a veteran canary in the coal mine, Women Who Code, which kicked off in 2011 in San Francisco as a community group of female engineers seeking connection and support in the tech industry, is shutting down. The board made… Read more »
Mental Health Australia chair Matt Berriman has resigned from the position over concerns the government is not doing enough to address the issue. The investor and entrepreneur, who founded venture capital fund Real VC, and marketing startup Unlockd, took on the role in December 2021 following his own diagnosis with dipolar disorder and an attempt… Read more »
Outdoor advertising startup Doohly has raised $500,000 in a pre-Seed round. The raise was backed by Melbourne VC Skalata along with Archangel Ventures, with the funding earmarked to expand Doohly’s digital-out-of-home (DOOH) offering. The startup is an end-to-end programmatic ecosystem for DOOH advertising, combining an independent content management system (CMS) with native integrations to a programmatic… Read more »
A Melbourne construction supply chains startup has raised $2.9 million in a Series A as it looks to expand into China. The round for Matrak was led by Singapore-based G&M Capital alongside Sydney VC Our Innovation Fund, former Aconex chairman Simon Yencken and others. Matrak was cofounded by Shane and Brett Hodgkins in 2018 with… Read more »
Ahead of Startmate Demo Day on May 2 in Sydney at Blackbird’s Sunrise, Startup Daily is profiling the 10 startups involved. Today it’s Learna, a microlearning platform teaching soft skills. Entrepreneur Lisa Lie founded Learna in January 2023. The app is a microlearning platform teaching conflict resolution, emotional intelligence and people skills you can master in under 10 minutes.… Read more »
An AI-powered research and insights discovery platform for research papers has raised $750,000 in a pre-Seed round. The raise for Outread was backed by the Techstars Accelerator and Google chief scientist Jeff Dean, as well as Google VP of finance Fiona Bones. The research and insights platform was founded in 2023 by siblings Janhvi and… Read more »
A legal tech startup cofounded by two lawyers has raised $1 million in pre-Seed funding, backed by LaunchVic’s Alice Anderson fund for female founders. Deeligence, founded by Elena Tsalanidis and Justin Hansky, is using artificial intelligence to tackle legal due diligence. They conceived the idea for the startup after realising that most law firms are still… Read more »
Scott Farquhar, the kid from Sydney’s Western suburbs who became a billionaire after responding to an email from fellow uni student Mike Cannon-Brookes about starting a tech company, will step down as co-CEO role at the end of August The father of three sons called time on role after 23 years as Atlassian posted a… Read more »
Ahead of Startmate Demo Day on May 2 in Sydney at Blackbird’s Sunrise, Startup Daily is profiling the 10 startups involved. Today it’s Everbility, which is using AI to cut the admin for allied health workers. When Angela Mariani and Mani Batra went on their first date in 2020, their shared passion for startups had them seeing… Read more »
Healthcare startup Mentwell and the Love Out Loud Foundation have joined forces to raise and distribute support to the victims, families and others feeling the impacts of the Westfield Bondi Junction attacks on April 13, which saw six people die. Mentwell, offers digital gift cards for health and wellness services. Love Out Loud Foundation is a… Read more »
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