This Week in Australian Startups #174, 16th August 2026
Australian startups raised funds including Alloy Robotics, Farmbot and Atmo Biosciences. Firmus Technologies acquired Benmax while Tabcorp bought BetMakers. SafetyCulture rebranded to Mitti.
Venture capital fund · 1 deal
Every published round Level VC took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Farmbot | Series B | 14 Aug 2026 | $22m | Participant | Startup Daily (Tue 13 Oct 2026), Cut Through Venture, SmartCompany, ontargetish.com, raising.fi, Startup Daily (Thu 13 Aug 2026), inforcapital.com (Thu 13 Aug 2026), inforcapital.com (undated) |
Companies Level VC has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Farmbot | 14 Aug 2026, Series B | 1 | 0 |
Fund closes reported for Level VC, as distinct from the investments it has made.
Companies Level VC has backed that another company then bought. An exit for the holding, not a deal Level VC did.
Stories naming Level VC. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Australian startups raised funds including Alloy Robotics, Farmbot and Atmo Biosciences. Firmus Technologies acquired Benmax while Tabcorp bought BetMakers. SafetyCulture rebranded to Mitti.
Eight Australian and New Zealand startups secured a combined $67.4 million in funding across various sectors including agtech, medtech, robotics, and fintech.
Also ontargetish.com
Livestock water monitoring company Farmbot, founded in Sydney, has raised a $22 million Series B led by Lewis & Clark Partners to fund US expansion and a corporate restructuring into a Delaware parent.
Also inforcapital.com·inforcapital.com·SmartCompany·raising.fi·ontargetish.com·Cut Through Venture·Startup Daily
Profile of Farmbot, a Sydney agtech company monitoring livestock water systems, listing four venture rounds totalling $23 million, including a 2026 Series B backing its North American expansion.
Also Beef Central / Grain Central·AgFunderNews·SmartCompany·Startup Daily·Beef Central / Grain Central