Founder, Grok Ventures
Stories naming Annie Cannon-Brookes. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Agtech investor Tenacious Ventures reached an $18 million first close on its second fund, which has a $50 million target; backers include Trawalla Group, Wollemi Capital Group and Macdoch Ventures.
Also Forbes Australia
Ignition Lane's weekly technology roundup: climate-tech funding activity, Grok's bid for AGL, King River Capital's digital asset fund, a batch of Australian startup raises, Maropost acquisitions, GigSuper's collapse and a National AI Centre appointment.
Also Startup Daily
Electric delivery vehicle maker Zoomo has closed an oversubscribed Series B of US$60 million (A$80 million), led by new investor Grok Ventures with Skip Capital and ArcTern, plus follow-on from existing backers and a new debt facility.
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A roundup of climate-focused startups that secured investment during 2021, led by Loam Bio's $40 million carbon sequestration round, spanning clean energy, waste, lithium, and plant-based protein companies across Australia and New Zealand.
Also SmartCompany
Australian microbial carbon-removal startup Loam Bio raised a $40 million Series A led by TIME Ventures, with CEFC, Main Sequence, Horizons Ventures and others joining; Virescent Ventures says it has invested $5.8 million.
Also Startup Daily·AgFunderNews·SmartCompany·Cut Through Venture·@AuManufacturing·Forbes Australia·Forbes Australia
Weekly roundup reporting Australian raises including Zero Co, MOBI and CipherStash, Cashrewards' takeover agreement, Shebah's collapse, WeWork's NYSE listing, crypto regulation recommendations and SiteMinder board appointments.
Also Australian FinTech·Cut Through Venture·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany
Startup Daily reports the Atlassian co-founder and his wife have pledged a billion dollars via their family firm Grok Ventures to climate-focused startups, plus half a billion to philanthropy.
Melbourne social impact startup Who Gives A Crap has raised its first outside capital in nine years, led by Verlinvest, with Grok Ventures, other funds and several angel investors also taking part.
Also SmartCompany·Business News Australia·SmartCompany·privateequitywire.co.uk·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·onimpact.com.au
Pocket money app Spriggy has secured a $35 million Series B, led by NAB's venture arm alongside Perennial and returning backer Grok, to fund growth including tripling headcount.
Also Startup Daily
Agrifoodtech venture firm Tenacious Ventures has completed the final close of its debut fund at A$35 million, with CEFC and Grok Ventures as cornerstone backers, and has so far backed six startups including Goterra, Nori and Vow.
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.
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Energy and fintech firm Brighte has raised $100 million from existing backers, led by Grok Ventures, and is moving into retail energy with a new model combining generation and retail.
Also RenewEconomy·Startup Daily·Australian FinTech·Startup Daily·SmartCompany·Fintech News Australia
Investment platform Spaceship reports its customer base passed 100,000 in October, with funds under management above $530 million. Backers include Grok Ventures and AirTree Ventures, and it has received over $50 million in funding.
Seattle carbon removal marketplace Nori has raised US$4 million, with Australian agrifood tech investor Tenacious Ventures co-investing in a round led by Placeholder with North Island Ventures.
Also Startup Daily
The Clean Energy Finance Corporation and the Cannon-Brookes family vehicle commit cornerstone capital to Tenacious Ventures, a new Australian agrifood venture fund backing early-stage startups, and recalls Sundrop Farms' sale to Morrison & Co.