Daniel Stevens

Seven ANZ startups that raised $111.5 million this week

Roundup of seven raises across the Tasman spanning fintech, marine tech, agtech, defence and AI, plus a first close for an ACT venture fund.

Beaten Zone Venture Partners Backs Seitec in turning a passive, all-weather sensing modality into a new class of defence capability – detecting the threats conventional sensors cannot and reshaping the military and security landscape.

Beaten Zone Venture Partners announces Fund 1 joined Activate Capital and UNSW in a seed round for Seitec, a Canberra defence startup whose seismic sensors find unexploded ordnance and hidden drones.

Also Dealroom·Business News Australia·Defence Connect·Startup Daily

Canberra defence tech company Seitec secures $4m investment to expand overseas

Seitec, a Canberra defence technology maker, has landed a $4 million round with ACTivate Capital leading and Beaten Zone Venture Partners and UNSW participating, funding overseas expansion, product development and hiring.

Also Startup Daily

ACTivate Capital leads $4m investment in Canberra defence tech company Seitec

A $4 million round for Canberra defence sensing firm Seitec is led by ACTivate Capital with UNSW and Beaten Zone co-investing; the ACT Government-backed fund earlier closed $23 million of a possible $50 million.

Australian defence tech ventures complete Defence Trailblazer program

Five Australian defence startups graduated from Defence Trailblazer's High Growth Incubation stage, the final step of its DINAMIC pathway, with each company receiving grant support of as much as $150,000.