US, UK legal giants embrace Aussie automation start-up
Legal automation firm Josef banks $5.2 million in a round OIF Ventures led, with Carthona, Flying Fox, Jelix and Saniel participating, adding US and UK law firms as clients.
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Every round, fund close and exit we can source, with the article it was reported in and what it actually said.
Legal automation firm Josef banks $5.2 million in a round OIF Ventures led, with Carthona, Flying Fox, Jelix and Saniel participating, adding US and UK law firms as clients.
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Ignition Lane's weekly tech roundup covering record Australian VC fund raises, several green-tech startup funding rounds, Deliveroo's administration, the FTX collapse, and takeover offers for ELMO and Nitro.
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Inventia, a Sydney bioprinting startup, is expanding its facility with NSW Government Jobs Plus backing, creating 75-plus jobs; its $35 million Blackbird-led Series B from the prior year is also noted.
Wi-Fi HaLow chip maker Morse Micro raised a further $30 million for its Series B from Australian superannuation funds, lifting the round to $170 million; its earlier seed and Series A raises are also recapped.
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Macquarie University has spun out gene therapy biotech Celosia Therapeutics with $2 million in Seed funding to develop treatments for neurodegenerative diseases, starting with motor neurone disease.
Melbourne identity verification startup FrankieOne raised a $23 million AUD Series A+ extension led by AirTree Ventures and Greycroft, with new strategic backing from Binance Labs and Kraken Ventures, to fund international expansion.
Beaten Zone Venture Partners announces a new investment focus, BeatenZone Ventures, backing Australian entrepreneurs building defence and sovereign technology, citing lessons from the war in Ukraine.
Startup West podcast episode with Artrya co-founder John Barrington on the ASX-listed healthtech firm, which raised $40 million when it listed in November 2021 at a $105 million valuation.
UNSW Founders honoured eight winners at its inaugural awards, with Forage taking Startup of the Year; the piece also notes Psylo's $5 million seed raise and this year's 10x Demo Day cohort.
Australian fintech LENSELL is expanding its Diversiview app so users can analyse and optimise mixed portfolios containing over 70 unlisted funds and alternative investments alongside listed securities.
International Graphite has produced battery-grade graphite at a new WA pilot plant in Collie, supported by a state government grant, as it works toward commercial-scale production.
SmartCompany opens applications for the 2023 edition of its startup pitch competition, and flags fresh raises at Subpod and Oceanfarmr while recalling Zipr's prize at the inaugural event.
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Weekly roundup covering six Australian startup raises totalling over $54 million, including Sapia.ai's Series A, rounds for Abyss Solutions, HMC Group and eQ8, plus smaller raises for Oceanfarmr and Subpod.
Startupbootcamp Australia profiles PuriFire Labs, a carbon capture startup in its Decarbonization program, ahead of Demo Day, covering its cryogenic technology and problem discovery work with Mitsubishi and NYK.
Startupbootcamp profiles TerraStor, a compressed air energy storage startup founded by Matthew Ciardiello and Paul Button, ahead of its 2022 Decarbonization Demo Day, noting mentorship from Mitsubishi Corporation and NYK Line.
Recruitment AI startup Sapia.ai has raised a $17 million Series A led by Macquarie Capital and Woolworths' venture arm W23, to fund overseas expansion; Woolworths has used the platform for a year.
Analysis of venture investment in AI-powered cybersecurity, citing large 2022 rounds for Salt Security, Velas and SparkCognition, SentinelOne's acquisition of Attivo Networks, and investors' views on the technology's limits.
NSW aquaculture software company Oceanfarmr has completed a $1.45 million raise led by impact investor Katapult, which also placed it among the top candidates in its accelerator, with a Series A planned next year.
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Seer Medical founding member Dr Pip Karoly won a 2022 Prime Minister's Prize for New Innovators for seizure forecasting research; the medtech has raised over $80 million to date.
Merchant payments company Zeller reports rapid growth and a shift to larger Australian businesses, announcing an accounting software integration and partnerships with hundreds of point-of-sale platforms.
Eight projects share 28.9 million dollars in Australian government grants under the National Soil Carbon Innovation Challenge, funding cheaper technologies for measuring soil organic carbon, with ministers Bowen and Watt announcing the recipients.
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Payments company Zeller says larger merchants now drive its growth as it moves upmarket, and the piece recalls its 2021 and 2022 venture raises that produced a $1.1 billion valuation.
Profile of Ethic Adviser, a sustainable-investing tool for advisers built by Tom Culver, which is seeking $1 million in seed funding and has partnered with Count Financial; Culver earlier sold Goodments to Douugh.
Byron Bay payments firm Zepto won Business NSW's 2022 Business Awards top honour after an October innovation award; the profile also recalls its closed Series A raise and rapid headcount growth.
Workforce planning software firm eQ8, started by two ex-Qantas and NBN executives, has raised A$5.5 million in a Series A led by OIF Ventures, with customers including Metlife and the United Nations.
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Robotics inspection startup Abyss Solutions has raised $15 million led by AirTree with Australian Retirement Trust support, having previously raised $3.25 million in 2020; its clients include BP, Exxon, Chevron, Total and Scottish Water.
SafetyCulture founder Luke Anear says he threatened to redomicile the company in the US over a reported $61 million loss, and that the federal government has since contacted him about changing auditing rules.
Australian engineering software maker ClearCalcs has raised 2.5 million dollars, with prior backers EVP and Shearwater Capital leading the round; proceeds fund customer growth, product expansion and hiring.
Australian startup coaXion, which offers usage-based heavy machinery finance, has partnered with lender Yellowgate on a pilot and opened a raise of at least $3.5 million as it targets the US market.
Weekly agrifoodtech roundup: funding for Muncher, Vow, Freight Farms and others, a grant to GreenPod Labs, Bayer buying Targenomix, Bunge and Advanta taking SEEDCORP|HO stakes, and Deliveroo and Voly shutting down.
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Roundup of Australian manufacturing news: Orbital UAV's $5m placement with UIL backing, Nufarm's record earnings, a Hazer–Mitsui graphite agreement, Baraja's patent milestone, the new skills agency, and a university research grant.
Kindship, a startup founded by four mothers, has raised $1 million via equity crowdfunding on Birchal to launch its NDIS plan management tool, the Kindship Wallet.
US giant KKR joined navigation-technology maker Advanced Navigation's $108 million Series B, alongside returning local backers; the company also bought ANU spin-out Vai Photonics, and two KKR staff will join its board.
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Techboard's monthly roundup tallies October 2022 startup funding at $661m across 99 deals, listing megadeals such as Airwallex, acquisitions, Square Peg's $861m fund close and government grants to program operators.
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Manufacturing roundup: Vow, Ofload and Vaxev each raise new capital; Ofload buys CIA Logistics; Quickstep upgrades its outlook; Pawsey's Setonix earns green computing honours; Australia backs shipping and plastics pledges.
Profile of cloud data infrastructure firm Aiven, recalling its May 2022 Series D raise and multibillion-dollar valuation, its September acquisition of Kafkawize, and its sponsorship of SmartCompany's 2022 Smart50 Awards.
Smart50 Awards 2022 profile ranking Zoom2u Technologies 28th; the delivery marketplace founded by Steve Orenstein grew revenue 47% to $4.13 million and listed in 2021, after placing 41st in the 2021 awards.
Smart50 profile of Code Like A Girl, a Victorian social enterprise placing women into software engineering roles, noting its revenue growth, earlier backing from Colarus Ventures, Toyota grants, and expansion ambitions.
SmartCompany's Smart50 Awards 2022 profile ranks Quad Lock 45th, citing $106.15 million revenue, 20% growth, South Yarra headquarters, and a new CEO appointment as the smartphone-mount maker pushes into lifestyle branding.
Devops startup Buildkite has raised a US$21 million Series B led by OneVentures and AirTree, with General Catalyst and angel Dom Pym participating, to build new developer products and grow teams.
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Melbourne engineering software firm ClearCalcs raised $2.5 million, led again by EVP and Shearwater Capital, doubling its pre-series capital to $5 million a year after raising $1.65 million.
Smart50 profile of Fresho, a Melbourne platform digitising B2B food ordering, recounting its founding, four capital raises, expansion into New Zealand and the UK, and planned US push.
Alberts Impact Ventures announces it is backing Uluu, a maker of seaweed-based plastic alternatives that has raised $8 million, and directs readers to the Australian Financial Review for more on founders Julia Reisser and Michael Kingsbury.
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SmartCompany names its 2022 Smart50 winners: July tops the list, Ofload ranks second after a $60 million raise, and Mad Paws, Zero Co, Code Like a Girl and Hero Packaging take out category awards.
Smart50 profile of Vivi, a Victorian classroom screen-sharing technology company founded by Lior Rauchberger, recalling its $25 million Series B as it pushes into the US market.
EMVision has delivered its first portable brain scanner to a Sydney hospital for stroke trials and won a $2.5 million NSW grant, while ASA-funded Micro-X advances its rival ambulance imaging technology.
Podcast interview with Green Thermal Energy Technologies managing director Paul Keen on high-speed turbomachinery, heat pumps and a RMIT project, backed by an Innovative Manufacturing CRC grant, to reshore production.
Xero has named Sukhinder Singh Cassidy as its next chief executive from February 2023, succeeding the retiring Steve Vamos; her background spans Google, StubHub, Boardlist and Joyus.
Australian cultured meat company Vow has raised a Series A led by Blackbird and Prosperity7 Ventures, funding a second factory and the Singapore launch of Morsel, its fine-dining brand.
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Tenacious Ventures reflects on the emotional grind of raising its second fund, noting progress ahead of the previous raise, and invites prospective investors and agrifood founders to make contact.