Jaala Pulford

3 angel investing groups just scored $900,000 in Victorian government grants

Victoria granted $900,000 across three new angel networks to back early-stage startups, while LaunchVic grant recipient Archangel Ventures has launched a $25 million venture capital fund.

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LaunchVic’s Alice Anderson Fund backed 11 female-led startups in its first year

LaunchVic's sidecar fund for women-led startups has deployed co-investments across eleven companies in year one, with Telecare, Age Up Health and Conserving Beauty named, and targets 60 founders by 2024.

Also Startup Daily·LaunchVic·LaunchVic

Closing the gender investment gap

LaunchVic marks one year of its government-backed Alice Anderson Fund for women-led startups, citing its investments and Telecare's seed round led by Australian Medical Angels.

Fund manager V-Ignite named to back Victorian startups

LaunchVic has chosen new fund manager V-Ignite, led by Neil Stanford and Brighid Pappin, to run Victoria's startup capital fund, which will raise from private investors to match a government cornerstone commitment.

LaunchVic chooses a new Fund-of-Funds firm to raise $60 million for the Victorian Startup Capital Fund

Victoria's startup agency has picked a new fund-of-funds firm started by two ex-Hostplus investors to build a state-backed vehicle, with the government cornerstone committed and a matching private raise still to come.

Backing more of our medtech innovators

LaunchVic will give MedTech Actuator a further $2.4 million over three years to double its accelerator intake and back at least 30 Victorian startups; Nutromics is cited as a past funding recipient.

Victoria’s new Alice Anderson Fund for female entrepreneurs has named the first 5 startups it’s backed

LaunchVic's Alice Anderson Fund reveals its first five women-led startups, with $727,167 invested directly and private co-investors adding over $2.3 million; the three-year, $10 million Victorian sidecar fund plans 40-60 investments.

Also SmartCompany·Women's Agenda·Women's Agenda

$1.5 million investment a lightning rod for energytech entrepreneurs

LaunchVic commits $250,000 as a grant and $250,000 as equity in Startupbootcamp's fund to run three energytech programs, while Energy Australia, NISA and Victorian Clean Tech Fund add $975,000 for Victorian energy entrepreneurs.

The startup funding round: $1.25 million for craft beer, Vloggi's $3.3 million valuation, and a payday for Startmate

Weekly funding roundup covering Batch Brewing's equity crowdfunding campaign, Vloggi's pre-seed raise and valuation, Startmate's Victorian government funding, plus large raises by Linktree, Baraja, Lumary and Nourish Ingredients.

Also Startup Daily

Your 90-second guide to the day in tech

Roundup covering Deliveroo's cut IPO price range, ACCC clearance for NAB's purchase of neobank 86 400, Compass Education acquiring Momentum ESR, Victorian government funding for Startmate, and NSW's digital lost property system launch.

New Victorian AI program launches with $100 million VC fund

Boab AI has launched a Victorian scaleup program for mature AI companies, backed by LaunchVic and Artesian, naming Pi.Exchange, Plaetos, Strongroom AI, Daitum and Remi AI in its first intake.

Victoria's budget has $186 million for startups, including $10m for angel investment in female founders

The Victorian state budget directs $186.2 million towards the startup ecosystem, covering a women founders angel fund, a fund of funds, venture debt, LaunchVic funding, loans, and digital skills and infrastructure programs.