Funding.com.au launches new website
Gold Coast bridging lender Funding.com.au relaunched its website after a national TV campaign, and recaps a year including a Series B raise, a new debt facility with MA Financial, and an awards nomination.
Every round, fund close and exit we can source, with the article it was reported in and what it actually said.
Gold Coast bridging lender Funding.com.au relaunched its website after a national TV campaign, and recaps a year including a Series B raise, a new debt facility with MA Financial, and an awards nomination.
Six Australian manufacturers received more than $2.1 million in federal grants from AMGC's Commercialisation Fund, with individual awards going to Hygiene Co, Laronix, Provectus Algae, Process Plants International, Vypex and OptoTech.
Also @AuManufacturing·SmartCompany·Startup Daily·@AuManufacturing
Australian startup Common Fate raised a $3.1 million seed round led by Work-Bench to build developer-focused privileged access management tools, with an open source offering and an early access cloud service.
Australian drone delivery firm Swoop Aero marked a million deliveries, received a USAID grant, added $10 million from Levitate Capital to its Series B, and plans a future raise.
Sydney carbon-accounting startup Pathzero raised an AUD 8.6 million Series A+ extension led by Carthona Capital, with Clyde Bank Holdings and Antler participating, to help financial institutions track financed emissions.
Also Startup Daily·Startup Daily·Startup Daily·SmartCompany·Techboard
An Australian cryptocurrency exchange has been placed into voluntary administration, freezing tens of thousands of customer accounts, while rival exchanges respond to the FTX collapse with staff cuts.
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Investible interviews bluesheets co-founder Clare Leighton about building the financial-automation company remotely from her co-founder, her earlier roles at Uber and DishDash, and its growth and partnerships.
Profile of Pearlii founder Kyle Turner, whose Melbourne AI dental-checkup app followed a 2019 Dream Ventures pitch, tracing his journey from Dubbo to Oxford and the company's pivot to dental products.
Sydney carbon accounting startup Avarni raised $3 million led by Main Sequence, with returning backers Vulpes Ventures and Common Sense Ventures, to grow its supply chain emissions platform and expand into the US.
Also Australian FinTech·insidesmallbusiness.com.au·Startup Daily·SmartCompany·avarni.co·Australian FinTech·TechCrunch
A weekly roundup reporting ten Australian startup funding rounds totalling roughly eighty million dollars, spanning insurance tech, biotech, process mining, connectivity and food, with several female-founded companies among the recipients.
Biotech firm BiomeBank raised $10.65 million from Ellerston Capital, the South Australian Venture Capital Fund and The Hospital Research Foundation to expand manufacturing and advance its microbiome therapies.
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ARENA awards Infravision a government grant to develop and trial drone-based line monitoring sensors that unlock extra capacity on existing transmission lines, with data supplied to Transgrid.
Also @AuManufacturing
Warrnambool surgical device maker LiVac signed a US purchasing deal with Premier Inc, opening hospitals to its retractor, while recalling earlier backing including a 2013 government grant as it prepares to seek new capital.
ARENA will fund Ark Energy's Townsville hydrogen truck deployment with $3.02 million, conditionally approved, alongside CEFC debt finance and Queensland Government support.
Queensland diagnostics company Microbio raised $3.5 million from existing and new backers, including Ian Frazer and CJ3 Capital, to fund international rollout of its rapid bloodstream infection test, with a larger raise planned next year.
Techboard's monthly roundup reports November 2022 Australian private funding of roughly $678 million across 38 deals, listing closed raises by Vow, Samsara Eco, Advanced Navigation and others, Sprint Ventures' first fund close, and rounds still open.
Also SmartCompany
Agtech firm Farmbot is wrapping up a $5 million Series A+ round led by Telstra, which contributed $2 million, to fund local growth and a US launch under the Ranchbot name.
Telstra has put another $2 million into water-monitoring agtech Farmbot, its third backing of the business, to support growth and an upcoming United States launch.
Telstra has put another $2 million into water-monitoring agtech Farmbot, its third and largest backing of the company, days after leading a $12 million round in farm communications startup Zenifi.
Profile of Billsmoov, a bill-management startup founded by Justin Roberts and Torsten Herbst, covering its pre-seed backing from Antler, early beta traction, and plans to partner with major Australian service providers.
Insurtech startup Butter has raised 1.3 million dollars in pre-seed funding led by three investors, after taking part in Startmate's Winter22 accelerator, and plans an Australian launch with an EFTPOS marketplace partnership.
Also SmartCompany·SmartCompany
Zetifi, a regional NSW farm connectivity startup, raised a $12m Series A led by Telstra and GrainCorp's ventures fund, with existing backers returning; it earlier won accelerator places, government grants and a Grow-NY prize.
KPMG Australia and Stone & Chalk announced their first Future Technology Program cohort of five supply chain startups, offering hub residency and support; Versed AI is among the recipients named.
Pure Battery Technologies' German subsidiary receives a 36.7 million euro venture debt loan from the European Investment Bank to build a cathode material demonstration plant, while its Kalgoorlie refinery progresses.
Monash spinout Additive Assurance completed a $4.1 million round led by Significant Capital Ventures with Hostplus and existing backers, funding R&D hiring and a new quality assurance centre in Melbourne.
Also Startup Daily·SmartCompany·@AuManufacturing·@AuManufacturing·@AuManufacturing
KPMG Australia and Stone & Chalk launched their inaugural Future Technology Program, selecting five Australian startups focused on supply chain innovation for a twelve-month residency and support initiative.
Biotech startup Entact Bio has launched with an $81 million Series A funding its Encompass platform, which designs molecules that enhance protein function, backed by Qiming Venture Partners USA, venBio Partners and others.
Roundup of Australian manufacturing news: Matrix Composites raises via convertible note, Cronos hits a sales milestone, Ellen Medical finalists, ASC digitises its supply chain, a hydrogen refueller opens, and Titomic signs a US reseller.
Digital consulting startup FORMM has raised a $600,000 pre-seed round from individual investors who also take on leadership, board and advisory roles, to help mid-sized businesses digitise.
Also SmartCompany
A OneVentures post reports a needle-free vaccine developer raising A$34 million; linked items on the page note Eucalyptus's $1.6 billion sale to a US-listed healthcare firm and Vaxxas naming David Peacock chief executive.
Also Blackbird Ventures portfolio·Startup Daily·SmartCompany·Dealroom·SmartCompany·Startup Daily·AFR Technology·Dealroom·Forbes Australia·Forbes Australia
Vaxxas completed a US$23 million (A$34 million) financing led by OneVentures and UniQuest to advance its needle-free vaccine clinical programs, including a COVID-19 candidate, with board members, management and individual investors also participating.
Also Brandon Capital portfolio·OneVentures portfolio·Brandon Capital portfolio·Brandon Capital portfolio·Brandon BioCatalyst portfolio·Brandon Capital portfolio·Brandon Capital portfolio·Brandon BioCatalyst portfolio·Brandon BioCatalyst portfolio·Brandon Capital portfolio·Brandon BioCatalyst portfolio·labonline.com.au·SmartCompany·SmartCompany·SmartCompany·Techboard·labonline.com.au·@AuManufacturing·@AuManufacturing
Sydney digital-twin software firm Trendspek raised a $6.3 million Series A led by Taronga Ventures with IAG's Firemark Ventures, after a 2020 seed round led by Sydney Angels.
Also SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Dealroom
Square Peg and Wellington Management bought more shares of Rokt from employees and investors in a secondary sale, lifting its valuation, while its earlier funding rounds are recapped ahead of a planned IPO.
Also Forbes Australia
Process mining startup Apromore, spun out of Melbourne University, raised US$10.3 million (A$15.8 million) in Series B funding from Salesforce and GBTEC, and announced a product partnership with Salesforce.
Also SmartCompany·Techboard
GrainCorp Ventures and Telstra co-led a $12 million Series A into Zetifi, a Wagga Wagga company extending Wi-Fi connectivity for regional farmers, with plans to expand teams and enter the US market.
Also SmartCompany·Startup Daily·SmartCompany·@AuManufacturing·SmartCompany·SmartCompany·Techboard·SmartCompany·SmartCompany·Startup Daily·@AuManufacturing
Roundup of Australian manufacturing items: EMVision collects grant money, Anduril completes a large Series E, Adherium receives a tax incentive payment, Tindo Solar's sales double, and Glaciem wins a New York clean energy program place.
Bluechiip received a government grant to establish local semiconductor dicing and packaging, moving MEMS chip processing for its biological sample tracking products onshore from overseas facilities.
Contact centre analytics startup Operative Intelligence raised a seed round led by Bonfire Ventures with Wonder Ventures, to help businesses identify why customers contact them.
Australian low-code startup Rowy closed a $3 million SAFE round led by Worklife Ventures, aiming to let spreadsheet users build scalable software back ends, with AI-native code generation planned.
Weekly roundup reporting nine Australian startups that together secured roughly $104 million across sports tech, semiconductors, regtech, legal automation, SaaS, edtech, agtech and biotech, with Vald's $36 million the largest.
Also Techboard
Crypto exchange CoinJar, backed by Blackbird, cut roughly a fifth of its Melbourne staff after FTX's failure; the piece recalls its 2013 half-million-dollar seed round led by Blackbird.
Sydney courier firm Drive Yello and cafe ordering app Hey You have combined as 4You Innovation, aiming to raise funds next year; the piece also recalls past raises and recent collapses among delivery startups.
Also Startup Daily
Blackbird interviews Jenny Busing, co-founder and co-CEO of employee experience firm Excellent, covering her dance career, mentorship lessons, the EX Revolution manifesto launching in December, and her philosophy that work should not be a drag.
Startupbootcamp profiles Azolla Biodesign, a carbon-capture startup founded by Victor Leshyk, ahead of its Decarbonization Demo Day, noting its work with corporate partners Mitsubishi Corporation and NYK Line.
Investment platform Stake has launched its Stake Black premium membership, adding advanced trading tools for both US and Australian markets, priced monthly, as it passes one million trades and two billion dollars under administration.
Manufacturing roundup covering Cyclopharm's tax incentive payment, Carbon Revolution's government grant payments, CEFC's wind farm debt commitment, Adbri's land sales, a Monash energy report and a Wollongong research showcase.
Also RenewEconomy
Fraud and identity verification company FrankieOne has added $23 million to its Series A, led by AirTree and Greycroft, with crypto exchange venture arms Binance Labs and Kraken Ventures joining as new strategic backers.
Saasguru, an edtech platform for cloud skills training, raised a $4 million AUD seed round led by Square Peg Capital; founders previously sold SaaSfocus to Cognizant.
Antler Australia's investor memo profiles Acanthis, a pre-seed SaaS startup founded by Dean Sammut and Troy Haddon offering small businesses integrated data insights, with Antler as its initial investor.