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CEO, Advanced Navigation

David Gall

Coverage

Stories naming David Gall. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

3 deals

Space monitoring startup scores NRF backing in $37 million Series B

Beaten Zone Venture Partners led a US$25 million Series B in HEO Robotics, which images other spacecraft, with the NRFC contributing $10 million; the piece also recalls earlier Series A and seed rounds.

Also Forbes Australia·Forbes Australia·Cut Through Venture·Startup Daily·Space Connect·This Week in Australian Startups·Dynamic Business

12 deals

Brandon Capital's $60m taypayer-funded biotech bets

Brandon Capital has put roughly $60 million of National Reconstruction Fund money into ten biotech companies and warns R&D tax changes would hurt deep tech; portfolio company Myricx Bio went to Novartis.

Also australiatimes.com

Series A $25m

NRF boosts Southern Launch in $25 million Series A

Southern Launch raised a $25m Series A with $10m from the National Reconstruction Fund, led by Brindabella and Company and including ex-Macquarie executives and Coupland Asset Management, to grow headcount and launch services.

Also SmartCompany·Dealroom·Cut Through Venture·Startup Daily·Space Connect

4 deals

Silicon Quantum Computing receives $20 million NRF boost

The National Reconstruction Fund has put $20 million into Sydney quantum chip maker Silicon Quantum Computing via a SAFE note, following its smaller-than-planned 2023 Series A and a similar NRF bet on Diraq.

Also Startup Daily·SmartCompany·Startup Daily·Startup Daily

3 deals

Three startups that raised $161 million this week

A roundup of three raises: Advanced Navigation's $158 million Series C, legal AI platform MiAI Law's $2 million launch funding, and Deftbiotech's $1 million pre-seed for a fungal nail treatment.

Also Startup Daily·Startup Daily

2 deals

Advanced Navigation raises $158 million Series C round with NRFC backing

Navigation technology firm Advanced Navigation has banked a $158 million Series C, with Airtree leading and Quadrant plus the NRFC taking part, funding global expansion and Australian manufacturing scale-up.

Also Dealroom·Tech Funding News - Australia·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Forbes Australia·Forbes Australia·Forbes Australia·TechCrunch Venture

Unnamed stage $20m

NRF tips $20 million into Diraq for homegrown quantum computing

The National Reconstruction Fund has invested $20 million in Sydney quantum startup Diraq, an equity stake the government fund says will aid domestic production and hiring ahead of a planned 2029 product launch.

Also Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Forbes Australia·ellty.com

Funding announcement

National Reconstruction Fund’s first transport investment supports energy transition with $30.7 million equity stake in Applied Electric Vehicles

Australia's National Reconstruction Fund has put $30.7 million into Melbourne autonomous vehicle maker Applied EV as the largest slice of a US$40 million Series B alongside Barrenjoey and Japan Post Capital.

11 deals

Cheque-in: 8 startups raised $113 million this week to end October

Weekly funding roundup covering eight raises totalling over $113 million across aerospace, biotech, materials, health and software, plus a pharmacy firm's acquisition out of administration.

10 deals

Eight ANZ startups that raised $113 million this week

Weekly roundup of eight trans-Tasman startup raises worth a combined $113 million-plus, alongside Joe Zhou's buyout of StrongRoom AI from administrators.

Also Startup Daily·Startup Daily

Series A $46m

Superfast plane startup Hypersonix raises $46 million, with federal government tipping in

Hypersonix, a Queensland company developing hypersonic planes that run on hydrogen, has secured a Series A backed by a UK fund, government investors and Saab.

Also Startup Daily·SmartCompany·Startup Daily·Startup Daily·Business News Australia·Dealroom

3 deals

Morse Micro raises $88 million for long-range Wi-Fi chips

Sydney chipmaker Morse Micro has banked an $88 million Series C led by Japan's MegaChips, with the national reconstruction fund and several existing backers also participating; funds will drive growth and future chip development.

Also Startup Daily·builtinsydney.au·semiiphub.com·Forbes Australia·morsemicro.com·Forbes Australia·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Forbes Australia·smallbizai.au

Funding announcement

Australian Life Sciences Venture Capital firm Brandon Capital announces Fund Six final close totalling over A$430 m

Brandon Capital has completed a A$439 million final close for its sixth life sciences fund, bringing the National Reconstruction Fund Corporation and WA Government in alongside backers such as HESTA, Hostplus, CSL and QIC.

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