Cheque-in: 8 ANZ startups banked $53.46 million in funding this week
Weekly roundup of eight Australian and New Zealand funding rounds totalling about $53.5 million, led by SwarmFarm Robotics' $30 million Series B for its farm robots.
CEO · Founder, SwarmFarm Robotics
Stories naming Andrew Bate. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly roundup of eight Australian and New Zealand funding rounds totalling about $53.5 million, led by SwarmFarm Robotics' $30 million Series B for its farm robots.
Funding roundup: eight trans-Tasman startups together secured $53.56 million, topped by SwarmFarm Robotics' Series B, with Amber, Javln, Enhance Labs, Indi, Wych, Lift Women and Ambra Spirits also raising capital.
Agtech robotics firm SwarmFarm raised a $30m Series B led by Edaphon, with CEFC, QIC and Artesian taking part, to boost production and push into North America.
Queensland agricultural robotics firm SwarmFarm has raised a Series B led by a European backer, with several local investors taking part, to expand robot production and enter the North American market.
Also @AuManufacturing·AgFunderNews·SmartCompany·AgFunderNews
NBN Co's faster Sky Muster trial and Starlink's Oceania speed results signal a rural bandwidth contest, with SwarmFarm and Zetifi founders describing connectivity struggles and their recent raises.
Also GrainCorp Ventures·SmartCompany·Startup Daily·SmartCompany·@AuManufacturing·SmartCompany·SmartCompany·Techboard·SmartCompany·Startup Daily·@AuManufacturing
Queensland robotics startup SwarmFarm closed a $12 million Series A led by Conexus Venture Capital, following an earlier grant and a 2020 raise, to scale its autonomous farming platform.
Also Startup Daily·AgFunderNews·AgFunderNews·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·AgFunderNews·AgFunderNews
Podcast episode where SwarmFarm Robotics co-founder and CEO Andrew Bate outlines three emerging categories of agricultural autonomy; the publisher discloses it is an investor in the company.
Tenacious Ventures closed its debut agrifood tech fund oversubscribed at A$35 million, after a March 2020 first close of just over $20 million backed by the CEFC's Clean Energy Innovation Fund and Grok Ventures.
Also Startup Daily·AgFunderNews·SmartCompany·SmartCompany·Startup Daily·Startup Daily·AgFunderNews·evokeag.com·farmingahead.com.au·Dynamic Business·agriinvestor.com·@AuManufacturing·AgFunderNews·globalaginvesting.com·@AuManufacturing·globalventuring.com
An Australian agricultural robotics maker has secured a multi-million-dollar round led by two local venture firms, with a Queensland government fund also backing, to expand engineering, production and its robot app ecosystem.
Tenacious Ventures' investment memo on SwarmFarm Robotics, the agricultural robotics startup it co-backed with a A$4.5 million round, covering the SwarmBot platform, founders Andrew and Jocie Bate, and traction on Australian farms.