Early stage investment company Antler in Australia recently backed a new cohort of startups as part of its ongoing residency that builds great local tech companies. Startup Daily is sharing the details of each venture in the “Antler Investor Memos” series, which is designed to give you a quick, sharp understanding of the startups and… Read more »
A who’s who of Australian investors have backed a new sports VC fund by Tennis Australia’s AO Ventures, committing around $49 million to its first close. They include Mark Nelson from Caledonia, Tanarra’s John Wylie, Melbourne-based businessman Mark Healey, Ashok Jacob from Ellerston Capital and Robyn and Victoria Denholm’s family office, Wollemi Capital Group. International… Read more »
Early stage investment company Antler Australia recently backed a new cohort of startups as part of its ongoing program to build great local tech companies. Startup Daily is sharing the details of each venture in the “Antler Investor Memos” series, which is designed to give you a quick, sharp understanding of the startups and people… Read more »
A report into the state of play for Western Australia’s startup sector has warned the state risks slipping behind its East Cost rivals unless there’s a great focus on reforms and funding for the sector. The report, ‘Dare to Venture: Startups and the innovation ecosystem in Western Australia’, by the Bankwest Curtin Economics Centre argues… Read more »
Seven venture capital firms will look to invest up to $150 million in Western Australian startups underpinned by a $45 million commitment from the state government’s WA Venture Capital initiative (WAVC). Premier Roger Cook announced an additional $15 million for WAVC at West Tech Fest in Perth, topping up the government’s initial $30m commitment. Cook… Read more »
Crowd-sourced funding (CSF) platform Birchal’s new Birchal First Syndicate has turbocharged $1.9 million in funding for Victorian hardware technology startups in 90 days since its launch. The angel syndicate, backed by a $300,000 LaunchVic grant, combines its lead investments with retail investor support on the crowdfunding platform’s equity capital raising campaigns. While battery-powered aircraft engine… Read more »
Sydney early-stage VC Investible will partner with UNSW’s Trailblazer for Recycling and Clean Energy (TRaCE) program in a co-investment partnership to back climate tech startups emerging from the university. The Technology Commercialisation Venture Scheme will target Seed and Series A investments into UNSW climate-tech spin-offs and companies supported through TRaCE. The first-of-its-kind for an Australian… Read more »
Former spy boss Paul Symon, Australian Missile Corp CEO Rear Admiral Lee Goddard and former Senator Arthur Sinodinos have signed on with VC fund Salus Ventures as strategic advisors as the firm sharpens its focus on defence and national security. The Sydney-based $40 million fund, launched in 2023 and led by former Salesforce Ventures Australia… Read more »
Raising capital using SAFE (Simple Agreement for Future Equity) notes has become a go-to tool for Australian founders. SAFEs streamline the fundraising process by postponing valuation debates until a future funding round. However, understanding the distinction between pre-money and post-money SAFEs is critical, as it directly impacts founder dilution and investor ownership. In this article,… Read more »
Sydney venture capital firm Airtree Ventures is hoping to fill a fifth fund with $650 million to kick off 2025, gathering commitments from three US investors as it hits its first closure. The Sydney VC will split the capital in two, with Core Fund V investing in early-stage startups at Seed stage while Opportunity Fund… Read more »
Not-for-profit research and development company Hort Innovation is teaming up with venture capital firm Artesian for a new $60 million VC fund to back early-stage startups tackling challenges for fruit, vegetable and nut farmers. Hort will chip in around $24 million to the Hort Innovation Venture Fund, leveraged by co-investments sourced by Artesian, for a… Read more »
Early stage investment company Antler Australia recently backed a new cohort of startups as part of its ongoing program to build great local tech companies. Startup Daily is sharing the details of each venture in the “Antler Investor Memos” series, which is designed to give you a quick, sharp understanding of the startups and people… Read more »
A recent change of government in the Sunshine State has not slowed the Queensland Investment Corporation’s (QIC) enthusiasm for backing venture capital firms eager to invest in local startups. QIC joined Westpac and the Clean Energy Finance Corporation (CEFC) as a cornerstone investor in Virescent’s new $200 million climate tech fund (Fund II), reportedly tipping… Read more »
Chinese investors will make a bold play to back Australian startups looking to make their mark in there, with Boman Group launching a $1 billion fund to bolster trade with out largest trading partner. Founded in 2011 by Eric Gao and Julius Wei as BMYG Financial Group before rebranding to Boman earlier this year, the… Read more »
From artist Picasso to director Woody Allen, actor Kevin Spacey, athlete OJ Simpson, record producer Phil Spector and rapper Jay-Z, the idea of flawed genius is not new. But its prominence in the startup sector has been front of mind in recent months, most notably with WiseTech’s billionaire founder Richard White. Many have noted that… Read more »
Daily startup news and insights, delivered to your inbox.
