Green steel: Gupta and Bluescope share $200m in grants to cut emissions
Canberra's first critical-industry grants send $135.8m to Bluescope for a Port Kembla furnace refit and $63.2m to Gupta's Liberty Steel for a low-carbon Whyalla furnace.
Every round, fund close and exit we can source, with the article it was reported in and what it actually said.
Canberra's first critical-industry grants send $135.8m to Bluescope for a Port Kembla furnace refit and $63.2m to Gupta's Liberty Steel for a low-carbon Whyalla furnace.
The VC firm's blog post recaps capital it has put into dozens of Australian climate startups and floats a second fund still at the planning stage, with nothing yet committed.
VSUN Energy has built its first residential vanadium flow battery in Western Australia, backed by $3.69m from the Modern Manufacturing Initiative, with another unit heading to Horizon Power.
Fintech firm Parpera has brought in Scott Bales, whose background spans Moven and Microsoft, as an advisor to speed its growth with sole traders and small businesses.
Tenacious Ventures' investment note explains its backing of Nbryo, an Australian startup speeding genetic improvement in beef and dairy via embryo technologies, and notes research funding from MLA and the Gates Foundation.
SunCable appoints two industry executives — Cameron Garnsworthy as Australian managing director and Martin Hay as chief development officer — to drive the onshore component of its Northern Territory baseload solar and storage project.
More than eleven Australian defence firms have contracted to build drone prototypes under ASCA's Sovereign UAS Challenge, with contracts worth a combined $1.21 million and demonstrations planned for April.
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Eleven companies will develop prototype drones for Defence's Sovereign UAS Challenge, run by ASCA, under contracts worth a combined $1.21 million, with demonstrations due in April.
Trade publication outlines FutureFeed's 2024 priorities for the asparagopsis seaweed additive business, noting industry investment and a research paper questioning the product's safety, which the company rejects.
Salesforce consultancy Cloudwerx has bought data and AI firm Lightfold, its first acquisition since CVC Emerging Companies invested in 2022.
Brisbane construction procurement software maker ProcurePro has secured $6.15 million in a Series A backed by AirTree and Leigh Jasper's Saniel Ventures, funding its push into the UK.
Melbourne biomaterials startup Alt. Leather closed a $1.1 million seed round, oversubscribed past its $750,000 target, with backing from Startmate, Wollemi Capital Group, the Alice Anderson Fund, The Austin Group and angels.
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Linktree adds scheduling and archiving tools plus video fetching. The Australian firm also hired a chief product officer and two AI leads, and last year bought Koji and Bento.
Melbourne food-waste startup Yume announced a A$2 million seed round from Investible's Climate Tech Fund, Launch VIC, Goodrich Group, Veolia and angel Pitzy Folk, bringing its total funding to A$7 million.
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John McAfee says his decentralized exchange, still in beta on Ethereum, will outperform Binance when it launches in early 2020, citing no listing fees and better user experience.
Gaia EnviroTech, a regional Victorian organic waste and bioenergy company spun out of Gekko Systems, has received a $4.3m commitment from RFC Ambrian Funds Management's decarbonisation fund to support its expansion.
Roundup of January raises: Sonder took $16 million in a Series B extension, Ultra Violette landed $15 million from Aria Growth Partners, VAPAR added $5 million; Sonder also named a new chairman.
Quarterly update on Archer Materials: $21.5m cash and no debt, progress on quantum processor readout and Biochip multiplexing, plus a UNSW seed grant for reflectometry readout development.
Queensland's Made in Queensland program backed Rockhampton agrochemical producer Cirrus Ag with a grant of nearly $1 million, funding a granule plant, five jobs and new customers.
Profile of KidsXpress founder and CEO Margo Ward, whose charity helps children affected by trauma through creative therapies, with long-running support from The Tony Foundation and a federal government contribution.
Michigan is funding Fortescue's new Detroit plant with a US$12.7 million grant plus city tax incentives, where the Australian company will make batteries, chargers and electrolysers from 2025.
Roundup of Australian manufacturing news: Iluka's refinery cost estimate, a biotech placement with a founder sell-down, a CEO appointment, a retirement, an R&D refund, a distribution deal, a CRC merger and Victorian grants.
Melbourne sunscreen brand Ultra Violette has taken its first outside capital, $15 million from US investor Aria Growth Partners, to enter North America; the piece also recalls Aesop and Bondi Sands exits.
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Linktree has brought on two audio AI specialists and a new product chief as it pushes into AI-driven commerce; the hires previously built sound-recognition startup Sonalytic, sold to Spotify in 2017.
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Breakthrough Victoria announces a $12 million investment in Aravax, part of a $66 million Series B, advancing the biotech's peanut allergy immunotherapy into phase two trials in Australia and the United States.
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Roundup of manufacturing news: Namoi Cotton agrees a takeover scheme with Louis Dreyfus, Bio-Gene receives an R&D tax payment, SPEE3D and NIOA appoint executives, and Cicada opens workshop applications.
FBR announced a share placement of roughly $12.6 million, with Bell Potter managing and existing holder Brickworks among supporters, to fund working capital for its United States expansion alongside new CRH Ventures agreements.
Australian AI software firm VAPAR has secured $5 million in a PureTerra Ventures-led round to fund North American expansion, with Autodesk, Halma, Access Capital, Metagrove and Sprint Ventures also taking part.
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Square Peg's latest letter to investors reviews 2023 performance, recalls early bets on Canva and Airwallex, and introduces three hires across fundraising, public-markets investing, and people functions.
Square Peg's half-year letter to investors reviews 2023: fewer new bets, portfolio revenue milestones led by Canva, an AI investment thesis, conditions in Israel, and three new hires.
Commentary questioning Kiki's pivot from a sublet marketplace to a New York women's club, revisiting its 2023 seed raise and scrutinising Blackbird's investment judgment, governance and record on female founders.
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Roundup of January 2024 funding: Futurerent, Prota Therapeutics, National Renewable Network and Getmee together secured $94.5 million across debt, equity and a government grant, with investor details for each deal.
An analysis of Guzman Y Gomez's financials ahead of a rumoured IPO, covering its franchise economics, store buybacks and earlier raises and stake sales by TDM, Magellan and Aware Super.
Weekly agrifoodtech roundup covering Agrotoken's Series A, raises by Mediterranean Food Lab, Better Juice, Burro, SeeTree and farm-ng, the MaxAB–Wasoko merger, v2food's brand acquisition, a Flashfood CEO change, and Drizly's shutdown.
Canva is turning a purchased Sydney office tower into its eighth global campus, with headcount up by more than a thousand; the piece recalls its fund for paying creators whose content trains its AI.
GoPro has agreed to acquire smart helmet maker Forcite Helmet Systems from Australian shareholders including Uniseed, with completion expected in the first quarter of 2024.
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Prota Therapeutics, a Melbourne biotech, has secured $32 million in equity and debt ahead of a Phase 3 trial of its peanut allergy therapy, with Singapore's SPRIM Global Investments leading the round.
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Sydney green-energy startup NRN has locked in a credit facility of up to $10 million from impact lender Catalytic Impact Capital to equip Australian homes with solar and storage.
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DroneShield's 2023 results hit record revenue and a first profit as war-driven demand for its counter-drone equipment surged, with strong cash receipts, a growing order backlog and expanded production planned in Sydney and Adelaide.
Australian laser-enrichment firm Silex Systems will bid to supply high-assay uranium fuel for next-generation reactors under a US Energy Department program; the piece also recalls its $120 million raise for the technology.
UTS has won a Space Research Network seed grant to collaborate with Sydney spacesuit startup Metakosmos on digitally optimising spacesuit fit for varied body types.
Podcast profile in which EMVision chief Scott Kirkland discusses the company's portable bedside brain scanner for stroke, its origins in Queensland research, grant backing, and plans for 2024 trials and a second device.
Partner content profiling Heatseeker, whose AI platform tests startup growth ideas live in-market; it reports the pre-seed round reaching $1.3 million, above the original $500,000 target, with Euphemia and US angels among backers.
Investing platform Stake has named Jon Howie its new chief executive, with co-founder Matt Leibowitz shifting to an executive director role after seven years at the helm.
AgFunderNews reviews 2023's largest Novel Farming Systems funding rounds, showing sector investment fell to $680 million from $2.8 billion, and notes bankruptcies including Lemnature AquaFarms.
Lander & Rogers opens applications for the seventh, AI-focused LawTech Hub program and looks back at the five legal tech startups from its 2023 cohort.
Startupbootcamp Australia's blog profiles DoGood, a sustainable fintech whose SaaS platform turns corporate ESG goals into employee tasks, noting its large clients and its place in SBC's accelerator program.
Blackbird's annual review counts $229 million deployed in 2024 across 41 companies, $1.15 billion invested over five years, and about $1.14 billion returned to LPs through secondaries, Canva's purchase of Leonardo.ai, and Hivery's collapse.
Claxon executives Daniel Willis, Jade Axford and Danny Molyneux have started One03 Ventures, offering investment and growth advice to Australian businesses earning $2.5m-$25m, while keeping their agency roles.
Shark Tank panellist Dr Catriona Wallace reveals she has backed six ventures from the show's 2023 season, five led by women or young founders, spanning drinks, retail, beauty, swimwear, embroidery and audio.
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