Ep 57 Fee Turner and Lee Coleman on being farmers and agtech founders
Podcast episode with farmers Fee Turner and Lee Coleman on juggling farming and their agtech ventures; both were selected for the Farmers2Founders Bootcamp accelerator.
Every round, fund close and exit we can source, with the article it was reported in and what it actually said.
Podcast episode with farmers Fee Turner and Lee Coleman on juggling farming and their agtech ventures; both were selected for the Farmers2Founders Bootcamp accelerator.
Global startup generator and early-stage VC Antler has added $50 million to its multi-city funds, with new backers including Eduardo Saverin; the piece also recalls follow-on funding for three portfolio companies.
A holiday roundup of startup headlines: several Australian funding rounds, Airwallex's funds frozen amid a fraud probe, Fintech Australia's policy submission, and Travis Kalanick selling his remaining Uber stake.
Blackbird Ventures advertises a full-time fund accountant position at its Sydney office, outlining duties across fund reporting, tax compliance, cash management and investor relations; the application period has since closed.
Fractional property investment startup BrickX has been acquired outright by Melbourne VC firm Thundering Herd, giving an exit to early backers Bridgelane, NAB Ventures and Reinventure. Sale price undisclosed.
A Techboard funding report shows Victorian fintechs took nearly 80% of $2 billion allocated to Australian startups last financial year, led by PEXA's $1.6 billion acquisition and Judo Bank's $930 million raise.
A year-end roundup profiling twelve startups to watch in 2020, recalling their 2019 funding rounds, grants, accelerator cohorts, partnerships and growth plans across food tech, legaltech, cybersecurity and other sectors.
Neometals, IMCRC and Queensland University of Technology will partner on a plant turning lithium refining waste into zeolites, with the CRC contributing $2.57 million and the other two adding in-kind support.
US billing software firm BillingPlatform has raised a $10 million Series B from Columbia Capital to fund product development and go-to-market work, having now taken $14 million from the investor since 2017.
UNSW's SMaRT Centre, whose microrecycling turns waste into building panels, is among five inaugural winners sharing $5 million from the NSW Physical Sciences Fund, money its founding director says will progress commercialisation.
Battery materials company Lithium Australia has secured $6.4 million from New York investor The Lind Partners via a convertible security, to grow its battery, cathode and recycling businesses.
Property platform Transactor raised a seed round, passed two billion dollars in transactions, and added Silicon Valley investors Adrian Salamunovic and Allan Cutler plus marketer Travis Lamont.
Blackbird describes closing its $29M first fund in 2013 and a GP-led secondary where fund investors sold a minority stake to StepStone and HESTA for about $100M, locking in returns while keeping its portfolio.
Also Blackbird Ventures portfolio·Startup Daily·Business News Australia
SmartCompany's year-end roundup profiles nine businesses that scaled rapidly in 2019, including Shebah's record equity crowdfunding and follow-up round, July's Strandbags-led raise, and Louis Mittoni's revival of the Toys 'R' Us brand.
Melbourne travel payments startup Pelikin has gone to market with card partners including Visa and Heritage Bank, having raised $400,000 mid-year, and has added a payments executive to its advisory team.
Wholesale Investor reports fund manager L1 Capital raised equity for its third UK property vehicle, and recaps the strategy's 2019 performance including dividends and NAV growth for earlier fund investors.
AirGo Design's year-end update: an Airbus innovation award, EASA approval for its composite technology, marine and rail supply deals, a new technology hire, and fresh investors including Derek Sharples and German family offices.
Melbourne BNPL fintech Openpay listed on the ASX, raising $50 million at $1.60 a share for a $150 million market cap, with shares falling below the issue price on debut.
WA medtech Noisy Guts received a $1 million Biomedical Translation Bridge grant to develop its AI acoustic belt for gut disorders, the sole Western Australian recipient among eight funded projects nationally.
Brandon Capital, manager of the MRCF, has been appointed by Callaghan Innovation to run a life science incubator for New Zealand startups from April 2020, offering loans matched with investment.
SendGold has attracted investment from EL&C Baillieu-led Melbourne family offices as part of a pre-Series A round, alongside an overfunded Birchal crowdfunding offer closing December 19.
Also Australian FinTech
WA agtech company Origo.farm receives a $375,000 Accelerating Commercialisation grant to develop its farm connectivity, monitoring and remote control kit for Australian farmers.
Cisco has bought Exablaze, an Australian maker of FPGA-based ultra-low latency networking equipment, and will fold its technology into Cisco's Nexus data center switch line.
Also ARN (ARNnet)
ASX has invested a further US$10 million in Digital Asset, the startup building its blockchain replacement for CHESS, as part of a larger US$35 million funding round.
A profile of Melbourne crypto exchange BlockBid, covering its 2017 raise, a family and friends round, and R&D financing accessed through Radium Capital to fund growth.
Blackbird's post announces its seed investment in Fable, a mushroom-based meat alternative maker co-founded by Michael Fox, Jim Fuller and Chris McLoghlin, describing the plant-based protein opportunity and the founders' backgrounds.
Also Startup Daily·@AuManufacturing·SmartCompany·SmartCompany
Personal lender MoneyMe lists on the ASX, with most staff investing in the IPO. Founder Clayton Howes says the listing aids expansion, while other 2019 fintech listings saw strong gains.
Kate Save, Be Fit Food's co-founder and CEO, shares six lessons from scaling the meal company after its televised investment, recounting website failures, packaging upgrades, hiring mistakes and burnout.
Buildxact raises $8.5m led by Aconex co-founder Leigh Jasper; Redbubble shares plunge on weak trading update; Amazon sues Pentagon over JEDI loss; ACS accredits Deakin cybersecurity courses.
Shoes of Prey co-founder Michael Fox's mushroom-based meat alternative startup Fable has raised $1.5 million from Blackbird and Grok Ventures, with chef Heston Blumenthal to serve its products in his restaurants.
Secure Code Warrior raised US$48 million (AU$70 million) in Series B funding led by Goldman Sachs, with Cisco and ForgePoint Capital joining existing backers AirTree and Paladin, plus a recalled 2018 round.
Also ARN (ARNnet)·SmartCompany·SmartCompany·SmartCompany·ARN (ARNnet)
A Brisbane founder is launching an equity crowdfunding campaign for his agtech venture serving smallholder farmers, seeking funds as the first stage of a larger planned raise.
A profile of cyber security startup Avertro, whose co-founders translate technical risk data for executives, covering its Antler Australia cohort place, $100,000 backing and pilot software launch.
Rocket maker Gilmour Space and the national space agency signed a strategic cooperation statement at the company's new Gold Coast facility, with the industry minister attending, as the firm targets commercial launch flights by 2022.
Chinese investors have launched a $45 million vehicle to help turn South Australian university and hospital health research into products, with the state's two universities driving its establishment.
Also Startup Daily
Online mortgage marketplace Funding.com.au has raised $3.7 million in Series A funding from Equity Venture Partners, with an EVP investment director joining its board.
Also SmartCompany·SmartCompany·Australian FinTech·Australian FinTech·Wholesale Investor
AI healthcare startup Harrison.ai, founded by brothers Aengus and Dimitry Tran, raised $29 million in its first outside round, led by Blackbird Ventures with Horizons Ventures, Skip Capital and Ramsay Health Care taking part.
Also SmartCompany·SmartCompany·Startup Daily·Startup Daily·Forbes Australia
Perth energy monitoring startup Ecocentric completed an equity crowdfunding raise of $400,000, adding to $3.2 million raised conventionally, and will manufacture its Numen device developed with CSIRO's Data 61.
Singapore e-scooter rental startup Neuron Mobility closed an $18.5 million Series A led by GSR Ventures and Square Peg, with SeedPlus and SEEDS Capital participating, as it expands internationally after Singapore's regulatory crackdown.
Symple Loans has closed an $11 million Series C round led by existing shareholders, with new investors Costa Asset Management and Welas Investment Fund, to fund growth and cut loan capital costs.
Also Australian FinTech
Moula has closed a $20 million Series D round led by wealth manager Escala Partners, with existing shareholders Liberty Financial and Acorn Capital also allocating, after strong 2019 loan book growth.
Also Startup Daily
Pelikin has added travel insurance to its app and reports its growth funding round remains open, with a fifth of its two-million-dollar goal already secured.
Also Wholesale Investor
Additive manufacturer Amaero International has listed on the ASX after an $8 million raising, reporting a return to profit, with a $2 million earlier raise and a $34.9 million indicative market value.
Also @AuManufacturing
Profile of Instarent, whose founder AJ Chand built a landlord self-management platform after a poor property manager experience; it received NSW Government seed funding and is midway through a Birchal equity crowdfunding campaign.
Profile of Fusetec, which 3D prints lifelike anatomical models for surgical training, covering its bootstrapped beginnings, an undisclosed angel investment, and ambitions among universities and medical trainers.
LaunchVic's CivVic Labs accelerator graduates its first cohort: Sky Ledge, WeGuide and Envision Systems unveiled government-focused projects, with agency contracts for up to $150,000 each still pending.
Crypto-backed lending startup BitBorro announces product progress and opens a Seed A round seeking AUD$200,000 for 10% equity, registering interest via a CRIISP Deal Room ahead of a March 2020 close.