STEPN Close Interview & Interview with Yawn, Co-Founder
An interview with STEPN co-founder Yawn Rong covering the app's origins, product roles, token economy, LINE collaboration, plus reports of WebX side events and a Tokyo community meetup.
Every round, fund close and exit we can source, with the article it was reported in and what it actually said.
An interview with STEPN co-founder Yawn Rong covering the app's origins, product roles, token economy, LINE collaboration, plus reports of WebX side events and a Tokyo community meetup.
Interview with Michele Stansfield on building Cauldron, a biomanufacturing company created to take over fermentation firm Agritechnology, her move into deep tech leadership, and plans for a purpose-built facility.
A Greenhouse report argues Australia's climate funding problem is deployment rather than capital, citing case studies including NRN's recent $67.2 million raise and blended finance models from Investible and Wedgetail.
Opinion column argues Canva's fresh $65 billion valuation from a recent raise looks cheap against Figma's listing multiples, with looming competition from Microsoft, Adobe and Google shaping the design software market.
Brisbane graphene producer GMG has raised roughly C$5 million in a bought-deal share and warrant offering underwritten by Red Cloud Securities, with the money set to support operations and product development.
Canva launched an employee share sale valuing the design software firm at $42 billion, led by Fidelity with JPMorgan's asset arm joining, ahead of a planned IPO; US rival Figma listed last month.
Airtree Ventures and Stone & Chalk have opened Venture Suites, a Sydney workspace giving Airtree portfolio startups offices plus mentorship and investor access, with Reejig, CipherStash and Human Health as early tenants.
Forbes Australia profiles Butter, a year-old Melbourne app fighting loneliness through in-person gatherings, now at 10,000 users with $260,000 from backer Antler at a roughly $2.2 million valuation.
Three companies named among recipients of $28.7 million in federal grant funding, with individual awards to SDIP, Iondrive and Caulmar; SDIP also featured on the publisher's innovative manufacturers list.
Also @AuManufacturing
Construction firm Northern Trade Solutions is launching a glass-making arm, Northern Glass Solutions, with a $668,072 Northern Territory Government grant toward a $5.4 million, 12-month project alongside industry and university partners.
Canva is letting staff sell shares at a $65.3 billion valuation, with Fidelity and JP Morgan's asset management arm among those buying, ahead of a possible listing this year.
Also pe-insights.com·Forbes Australia·scroll.media·Fortune Term Sheet·techtimes.com·Crunchbase News·Crunchbase News
EVP sets out its case for backing SprintSuite, an operations platform for mining and engineering service firms co-founded by Fredy Galindo Jr. and Sandra Harris, citing insider credibility and strong early growth.
EVP's investment note reflects on its backing of SprintSuite, built for mining-sector service companies by founders with industry roots, citing insider credibility, rapid growth and a large untapped market.
Brandon BioCatalyst has named Peter Beattie its chair as Bill Ferris retires, with Andrew Nash joining the board and Ross King becoming deputy; manager Brandon Capital's newly raised $439 million fund was noted.
The Laundry Lady, a Sunshine Coast laundry services startup, has raised $1m from Karl Jacoby, angel groups and Queensland government programs, ending 13 years without outside capital as it eyes Canada and the UK.
A legal analysis of the Full Federal Court's decision that Cirrus and Jet Aviation's 2016 teaming arrangement was not a binding contract, with lessons for tech suppliers contributing IP to defence bids.
Karl Jacoby led a $1m seed round for mobile laundry startup The Laundry Lady, joined by angel groups and government programs, to bankroll its push into Canadian and British markets and further TimeBoss development.
Perth hydrogen storage startup Carbon280 has secured funding for a Kwinana pilot plant, led by a Woodside Energy-backed seed round plus government R&D rebates, commercialising its Hydrilyte hydrogen carrier technology.
Also @AuManufacturing
Australian-owned defence business Aurizn has hired Rebecca Humble from QinetiQ Australia as chief executive. Her appointment comes as the Pemba Capital Partners-backed company pushes to grow its defence capability work.
Tidal Ventures sets out why it led the seed investment in Vinyl, whose software turns accounting firms' client conversations into structured insights, profiling the market, product plans, and founding team.
Australian business lender Shift hires Genevieve Walker from Macquarie Group to lead its new corporate division, while Andrew Wagg and Natasha Brown take on expanded leadership roles.
Startup Daily profiles the thirteen startups joining Startmate's Winter '25 cohort, covering healthcare AI, agent tooling, recruitment tech, retail promotions, sexual health, water leak detection, VR haptics and ADHD robotics.
Body scan startup OneMRI, co-founded by Go1's Andrew Barnes and Dr Vu Tran, has secured $2.5 million in seed funding from a broad investor group to expand its preventative whole-body MRI scanning service nationally.
Accenture plans to buy Melbourne cybersecurity firm CyberCX, a transaction reported at over a billion dollars that still needs foreign investment approval. CyberCX was co-founded by John Paitaridis and Alastair MacGibbon.
Crypto lender Block Earner, fighting ASIC in court, has closed an $8 million Series A at a $75 million valuation, led by CMCC Global's Titan Fund with King River Capital taking part.
Gilmour Space's chief executive expects its rocket to reach orbit on a third attempt, and is meeting investors to raise over $100 million, with IPO ambitions within three years.
Sydney game studio Qloud closed a $7.5 million seed round for its solarpunk game Loftia, led by GFR Fund and Bitkraft Ventures with Andreessen Horowitz returning; the founders earlier crowdfunded and joined a16z's Speedrun.
Weekly roundup of the publisher's five most-read stories: Victorian government grants to eleven manufacturers, Kongsberg defence export contracts, a federal grant for Iondrive, battery maker Energy Renaissance entering administration, and NSW recycling grants.
Battery maker Energy Renaissance has entered administration, with Jirsch Sutherland appointed as administrators; a major investor's withdrawal from a planned funding program is cited as the cause, with recapitalisation or merger among options.
Block Earner raised $8 million in a Series A led by CMCC Global's Titan Fund with King River Capital, to grow its Bitcoin-backed home loan deposit product after beating ASIC in court.
ASX-listed Novatti says its stablecoin unit AUDC has closed a A$1.2 million seed raise, valuing Novatti's 57% stake at A$7 million, with the unit's AUDD token chosen for Project Acacia payment trials.
New York's Teladoc Health has bought Telecare, a Victorian virtual care startup, marking the Alice Anderson Fund's maiden exit. Telecare, a 2021 Startmate participant, previously raised $2.2 million in a seed round.
Roundup of five Australian raises totalling $85 million: National Renewable Network's Series A, plus Syenta, Cuttable, SprintSuite and Bitwise Agronomy, with lead investors and expansion plans for each.
Accenture is buying CyberCX, a Melbourne-founded cyber security services provider with some 1400 staff, in its biggest such deal yet; the price is reported at more than $1 billion, pending regulatory approvals.
Also The Mandarin
Sydney venture firm Airtree has completed the close of its fifth fund at $650 million, drawing backing from US institutional investors and Australian superannuation funds, with allocations set for early and growth stages.
Profile of Turnto founder Jessica Dove London, who built a health-information platform after her son's rare cerebral palsy diagnosis; the startup has secured $1.1 million pre-seed from angel and fund backers.
Tenacious Ventures interviews Bilberry founder Guillaume Jourdain on building the spot-spraying business for sale: its 2021 bridge round, disciplined valuation, and 2022 acquisition by Trimble.
SunCable denies reports its huge Northern Territory project is faltering, saying its fundraising is on track with healthy investor interest, while Grok Ventures reportedly weighs selling part of its stake.
Fleet-logistics software firm Adiona Tech won the Sydney pitch competition and heads to the San Francisco finale vying for a US$1 million investment prize; Telstra and Third Sphere previously backed the company.
Global investor EQT has offloaded Sydney-headquartered IT services firm Nexon to Adamantem Capital, ending a six-year ownership during which Nexon made eight add-on purchases and lifted revenue more than fivefold.
Brisbane graphene maker Turquoise Group has begun selling powder in bulk and is preparing an equity raise; a federal grant of $949,500 announced in January is funding its first commercial-scale facility.
Also @AuManufacturing
Mirugen, a Melbourne biotech spun out of an eye research institute, has closed a A$4.5m seed round with three backers and hired Charlotte Casebourne Stock as chair and acting chief executive.
Also cera.org.au·Brandon BioCatalyst portfolio·insightnews.com.au
Regional NSW farm-connectivity startup Zetifi has received a $5 million federal Industry Growth Program grant toward a $10 million commercialisation plan for its smart antenna platform, working with Telstra, Nextivity and Icom.
Household virtual power plant platform NRN has secured a $17 million Series A led by Investible and Virescent Ventures, plus $50 million debt from Infradebt, with Ecotone Partners newly joining via its Planet Fund.
Also Startup Daily
ANU spin-out Syenta has secured $8.8 million to commercialise its chip-packaging technology, with Investible leading; the piece recalls its 2022 seed round and selection for Applied Materials' ASTRA accelerator.
Also Forbes Australia·SmartCompany·SmartCompany·SmartCompany·Startup Daily
Iondrive has secured up to $3.9m from Canberra's Industry Growth Program for a battery-recycling pilot plant, with an earlier $100,000 award from Green Industries SA funding urban mining research.
Explainer tracing WhatsApp's ownership: founded by Jan Koum and Brian Acton, bought by Facebook in 2014 for $19 billion, now a Meta platform earning through its Business API.
Victoria's Supply Chain Uplift Program Round 5 grants, about $800,000 in total, went to eleven manufacturers preparing to supply Hanwha's Land 8116 and Land 400 Phase 3 defence vehicle programs.
Also @AuManufacturing
Melbourne adtech firm Cuttable has added $4.5 million to its seed round with Square Peg leading, taking total backing to $10 million and valuing the business at $44.5 million ahead of its US push.
Also Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily
DroneShield has rolled out a new software-subscription counter-drone product, SentryCiv, aimed at non-military sites such as airports, utilities and prisons, offering passive airspace monitoring with no upfront hardware cost.