Investment Notes: Ao Air
Blackbird Ventures announces its first investment from its inaugural New Zealand fund into Ao Air, describing the ATMOS wearable respirator, its air-pressure sealing approach, and the founding team behind it.
Every round, fund close and exit we can source, with the article it was reported in and what it actually said.
Blackbird Ventures announces its first investment from its inaugural New Zealand fund into Ao Air, describing the ATMOS wearable respirator, its air-pressure sealing approach, and the founding team behind it.
JigSpace, a Melbourne platform for interactive 3D presentations, has raised seed funding from local and US venture investors as coronavirus lockdowns lift usage of its tool dramatically.
GBS Ventures marks its fourth FDA drug approval as Hatchtech's head lice treatment Xeglyze clears the regulator, recalling earlier wins behind Picato, Synribo and Aridol with Australian biotech firms.
Blackbird's Wild Hearts podcast features See-Mode's founders discussing how their AI assists doctors reporting vascular ultrasound, plus the future of medicine and whether technology will replace doctors.
Energy Renaissance wins federal co-funding for local battery production while Magnis Energy Technologies announces new development partners, with its partner CV4 securing New York State and BAE Systems support for transit batteries.
The Advanced Manufacturing Growth Centre has been granted $2 million in federal funding to run a new innovation hub for prefabricated construction, intended to deepen collaboration between industry and researchers.
Startmate chief Michael Batko advises founders to focus on solving real customer problems and widen their networks, citing alumni Propeller Aero's recently announced $26 million round as proof the approach attracts venture investment.
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Podcast episode from Blackbird in which Applied's co-founder and CEO discuss how cognitive bias undermines recruitment and how their approach aims to produce fairer hiring decisions.
Battery maker Energy Renaissance receives an AMGC co-funded grant of $246,625 to help build automated battery manufacturing, while its gigafactory location remains undecided.
Melbourne smart-sensor startup XY Sense raised $5 million in seed funding from Blackbird Ventures and angel investors to expand its workplace analytics platform across Australia, Asia Pacific, the US and UK.
Atlassian has acquired Swedish asset management platform Mindville, terms undisclosed, and separately reported 29% quarterly revenue growth and a US$1.6 billion annual revenue for fiscal 2020.
Commonwealth Bank invests US$10 million each in Square Peg and Zetta's latest funds, backs new venture Backr via X15 Ventures, awarded Givvable a cash prize, and recalls its Klarna stake.
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Enova has agreed to acquire NYSE-listed SME lender OnDeck in a deal worth about US$90 million; the effect on its majority-owned Australian subsidiary remains unknown.
Magnis Energy reports partner C4V tested an EV battery cell charging to 85% in six minutes; production could occur at Magnis's planned Townsville gigafactory, which received $3.1 million in Queensland government grants.
US energy company AES has anchored 5B's US$8.6 million funding round. The Sydney solar startup's technology is earmarked for the Sun Cable project, with first deployments planned in Panama and Chile.
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Roundup of ten Australian fintechs that raised capital between March and July 2020, including Payright, Zeller, Judo Bank and Airwallex; PictureWealth raised $12 million and acquired NEO Financial Solutions.
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Andrew Forrest's family investment firm Tattarang has taken a majority stake in payments startup Azupay and invested in GLX Digital's Series A alongside Woodside Energy and Shell Ventures, while also backing telco NodeOne.
Culture Amp and Atlassian alumni founded Pyn, which raised seed funding led by Accel with Skip Capital and Jay Simons taking part, to improve employer communication with remote workers.
Canberra grants Major Project Status to Sun Cable's planned Australia-Singapore electricity link; the article also recalls an oversubscribed roughly $50 million capital raise backed by Forrest and Cannon-Brookes.
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Doftek is developing an active wheel alignment system backed by an Advanced Manufacturing Growth Centre grant; the article also recalls the earlier acquisition of founder Geoff Rogers' cardiac guidewire invention by Merit Medical Systems.
Non-profit incubator Stone & Chalk has bought CSIRO's internship matching platform Ribit for an undisclosed sum, planning to extend it beyond student internships as automation reshapes the jobs market.
UNSW Founders' accelerator has invested $20,000 each in seven startups chosen for its 2020 10x cohort, selected from 75 applicants, with alumni Tiliter and InsideSherpa cited as program successes.
Square Peg investor Ben Hensman argues conditions favour Australian fintech founders despite COVID-19, citing the firm's seed backing of Zeller and more than $100 million invested in local fintech businesses.
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Former senator Nick Xenophon lobbies for Huawei while ex-PM Malcolm Turnbull joins cybersecurity firm Kasada's board, with each accusing the other of advancing foreign powers' interests in Australia.
Roundup of manufacturing news: a think tank report on Australia's low manufacturing self-sufficiency, Bega launching a honey brand, Elsight reaching commercialisation, and SciDev completing a placement.
ARENA has granted $300,000 to ClimateWorks for an industry initiative researching emissions reductions across five hard-to-abate supply chains, with BHP, BlueScope Steel, Orica and APA Group as participants.
Western Australian fixed wireless provider NodeOne received investment from Tattarang and CVC to expand its network and business offering; the Forrest family also previously took a stake in Swoop.
Spanish utility Iberdrola's increased bid for ASX-listed Infigen Energy values the takeover at about $893 million, after the Children's Fund sold a 13.1 per cent stake, outpacing a rival Philippine bid.
Sisters' sustainability procurement startup givvable won X15 Ventures' inaugural Xccelerate2020 accelerator, taking $150,000 from CBA plus Microsoft technology and program support; SpendAble, Link4 and SenseIQ were the other finalists.
Cyber security firm Tesserent has bought Seer for $5 million to gain government clients, days after securing $10 million for its Cyber-360 strategy and signing a teaming agreement with McArthur Associates.
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Perth's Lithium Australia seeks partners to commercialise its LieNa extraction process, with a pilot plant backed by a government grant, while other companies build battery-material refineries nearby.
Hatcher+ describes its AI-driven venture investing approach, current assets under management, existing backers in its H2 Fund, and a stated aim to grow assets, without announcing any completed raise.
WA's government awarded a record 36 innovation vouchers worth up to $20,000 each, totalling almost $690,000, with medtech and resources firms among recipients including Nexxis and VeinTech.
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Iberdrola has lifted its takeover offer for ASX-listed Infigen Energy to 92 cents per share, valuing it at $893 million, after already securing shares including a 20 per cent stake bought from the Children's Investment Fund.
Former ABC managing director Michelle Guthrie joins adtech startup Hoppr's board as a non-executive director, while Vince Pizzica becomes co-chairman, as the Perth company readies a global rollout of its HopprTV platform.
Biotech Immuron raised $28 million from US institutional investors after reporting its Travelan product showed antiviral activity against coronavirus in a laboratory study, and holds a US defence grant.
OneVentures announces that its credit fund has reached final close at $80 million, referring readers to the Australian Financial Review for further detail.
Secure Code Warrior's CEO advises Australian founders on raising capital in a recession, citing his company's Series B and recent funding rounds by Canva, Preezie and Openpay.
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US agritech firm Farmers Business Network has acquired Perth startup Farmsave to enter Australia, keeping its staff; Farmsave's past backers included muru-D, and FBN earlier raised a Series E from Kleiner Perkins.
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OptiScan Imaging has received a million-dollar Medical Research Future Fund grant, via MTPConnect, to run an oral cancer screening trial of its imaging device with Melbourne Dental School patients.
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Diagnostics firm Zip Diagnostics received a $600,000 federal grant through the BioMedTech Horizons program to commercialise rapid Covid-19 tests built on Axxin platforms.
Sensor maker Billy, founded by siblings Tim and Melissa McDougall, has been bought by aged care provider ECH, whose leadership they join; the startup earlier raised $1 million and a $5 million round led by ECH.
OncoRes Medical received grant funding through the third round of MTPConnect's BMTH program to develop a second-generation imaging device for breast-conserving surgery, the article's profile states.
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Health food maker Forbidden Foods has opened its IPO through advisor BW Equities, seeking $6 million at 20 cents a share, implying a $15 million market capitalisation, with ASX trading planned for late August.
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Seven companies, mostly gas and industrial firms, are shortlisted for ARENA's $70 million renewable hydrogen grant round, with past ARENA grants to ATCO and Australian Gas Networks recalled.
Profile of motiveOS, a sales commission automation startup built at Antler Australia's Sydney accelerator by Alexander Green and Linton Ball, which has $500,000 invested and is onboarding beta customers.