A new venture capital fund looking to back medtech and deep tech health ventures is on the hunt for investors as it looks to raise up to $100 million. Synthesis Capital has emerged out of the MedTech Actuator’s Origin program, which has helped develop more than 70 leading medtech startups the past five years, including… Read more »
Canva’s $39 billion valuation has been given the tick of approval by the government financial watchdog, the Australian Prudential Regulation Authority (APRA), in a sign that investors have been getting it right when backing private tech companies. The regulator ran its ruler over Canva, which celebrated the 10th anniversary of its launch last week, as… Read more »
Victorian agtech startups have access to a new funding source with LaunchVic backing a new $1 million angel sidecar fund backed by Agriculture Victoria. The Hugh Victor McKay Fund is named in honour of the inventor who patented the combine harvester in the 1880s, one of the most important agricultural innovations in recent history. The… Read more »
The growing wealth of the top end of town has seen an explosion in the creation of family offices over the last decade, according to new analysis. That boom is good news for anyone looking to work in the space, since it’s a lucrative role according to the KPMG Australian Family Office Compensation Benchmark Report… Read more »
While the failure of online retailer Brosa was a $4.5 million hit to the bottom line of ASX-listed venture capital firm Bailador Technologies Investments (ASX: BTI), the sale of healthtech startup InstantScripts was a massive win for investors in a difficult 12 months revealed in the company’s annual results today. Ironically, it was another ASX-listed… Read more »
Early stage investment syndicate Side Stage Ventures, which is backed by multiple founders, including Linktree cofounders Anthony and Alex Zaccaria, has moved into mainstream VC 15 months on, raising $15 million for its first fund. The Zaccaria siblings, along with What the Health founder Emily Casey, UNIFIED Music Group’s Jaddan Comerford, and others, originally launched… Read more »
CSIRO’s VC arm, Main Sequence Ventures, has rounded up several high profile institutional investors for a $450 million first close of its third fund, as the six-year-old deep tech investment fund notches up $1 billion in funds under management. Founded in 2017, Main Sequence has now backed 53 companies including carbon capture agtech Regrow AG,… Read more »
Success in the health and biotech space takes time but can be hugely rewarding. However, startups in the sector often need help with significant hurdles, dealing with long development cycles, regulators, massive capital requirements and a higher chance of failure. Since the COVID-19 pandemic, a symbiotic relationship has emerged between Australian hospitals and tech innovators.… Read more »
When it comes to disruption, the COVID pandemic offered a masterclass for startup founders. It was the best and the worst of times, with the acceleration towards a digital economy backed by the tailwinds of what appeared to be unlimited capital… Then suddenly, central banks wrought their own brand of disruption on venture capital with… Read more »
A Sydney venture fund that co-led agtech startup Loam Bio’s huge $105 million round, has raised $220 million in a Series A. Sydney-based Wollemi Capital, founded in 2021, is the brainchild of former Macquarie Capital boss Tim Bishop and Boston Consulting Group’s Asian venture exec Paul Hunyor. The pair set out to raise $100 million,… Read more »
Early-stage VC firm Black Nova has launched a new fund seeking a target of $35 million as it aims to hit early stage B2B tech companies with some much needed extra capital. Black Nova managing partner Matt Browne said the new fund’s direction will complement the work of Black Nova’s original fund that raised over… Read more »
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 »
There’s been a changing of the guard at Australia’s first angel investor network for women-led startups, Scale Investors, with the founding team selling the business to the current management team Scale was created a decade ago by Susan Oliver, Carol Schwartz, Annette Kimmitt and Laura McKenzie. Over that period the angel investors backed 47 women-led… Read more »
Jamie Dimon, chair and CEO of JP Morgan Chase, has been dubbed the king of Wall Street, while also being seen as America’s “least-hated banker”. He’s seen as a level head in banking circles, so his views on the sudden collapse of Silicon Valley Bank (SVB) last month, which sent shockwaves through the global tech… Read more »
Women-led startups and others tackling climate and sustainability-related issues are emerging trends Australia’s impact startup ecosystem, a new report from VC Giant Leap reveals. A snippet above a quarter (26%) of the impact opportunities reviewed by Giant Leap come from women-led ventures, a touch above the 23% average in the broader ecosystem. Meanwhile, a majority… Read more »
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