M12

Labor bets big on quantum with $1 billion deal for PsiQuantum and multimillion-dollar Sydney Uni hub

The Australian federal and Queensland governments are investing $940m in PsiQuantum, which will open a Brisbane regional headquarters; $18.4m will fund a national quantum centre at the University of Sydney.

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Queensland quiet software giant Octopus Deploy snaps up US rival for $43 million

Brisbane DevOps software firm Octopus Deploy has bought San Francisco competitor Codefresh, reportedly paying US$28 million; the deal adds revenue and Kubernetes capability while Codefresh's venture backers face a loss.

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Insite AI Raises $19 Million in Series A Funding; Plans to Improve Customer Onboarding and Expand Workforce

Consumer goods analytics platform Insite AI has banked more than $19 million in Series A backing from NewRoad Capital and Microsoft's M12, earmarked for customer onboarding and hiring.

Go1 nabs $100M at a $2B+ valuation to upgrade its curated enterprise learning platform

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Agriculture carbon reduction startup Regrow Ag plants $50 million Series B

Agtech carbon platform Regrow Ag, founded by Dr Anastasia Volkova, has closed a Series B led by Galvanize Climate Solutions with prior backers returning, to expand regenerative agriculture programs for food companies.

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Investment Notes: LottieFiles $37m Series B

Square Peg led a thirty-seven million dollar Series B in animation platform LottieFiles, with XYZ Venture Capital, GreatPoint Ventures, Automattic and returning backers 500 Startups, M12 and Adobe also taking part.

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Carbon software agtech Regrow raises $23.5 million series A

Regrow secured a US$17 million Series A led by Ajax Strategies, Tenacious Ventures and Cargill to scale its carbon measurement platform for agri-food supply chains, having earlier acquired soil analysis firm Dagan.

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EXCLUSIVE: Cargill, Microsoft join $17m round for carbon verification platform Regrow

Carbon MRV platform Regrow has closed a $17 million Series A, with Cargill, Ajax Strategies and Tenacious Ventures joining returning backers such as M12 and Main Sequence. Regrow was formed via the FluroSat-Dagan merger.

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Go1 becomes latest Aussie unicorn, cracking $1 billion valuation

Republished AFR report recalls Go1's earlier backing and Series C investors, including OIF, while its reported Series D at a billion-dollar valuation remains in progress and a listing is flagged.

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CICADA TURNS 20: How a rocket scientist's startup, FluroSat, is transforming food production

Marking Cicada Innovations' 20th anniversary, this profile describes agtech FluroSat, founded by Anastasia Volkova, which joined the incubator in 2017 and uses satellite analytics to cut farm fertiliser and water use.

Arkose Labs Raises $22M For Anti-Fraud Platform After 400% Revenue Growth in 2019

Fraud and abuse prevention startup Arkose Labs secured a $22 million Series B led by M12, with PayPal and USVP joining, after strong 2019 growth; the piece also notes M12's recent $300 million Series B for Bakkt.

FluroSat scores $3.2m seed funding led by Microsoft's M12

Agritech firm FluroSat raised $3.2 million in a round led by M12; the piece also recalls its 2017 seed round, its purchase of ProductionWise, and a joint research grant.

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GO1.com raises over $30 million in Series B round led by M12 & SEEK

GO1 raised a Series B round above $30m, led by Microsoft's venture fund M12, with SEEK, Y Combinator and newcomer Larsen Ventures investing; M12 takes a board seat.

Skedulo Raises $28M Series B Led By Microsoft's M12 Venture Arm

Brisbane-founded workforce software maker Skedulo announced a Series B backed by Microsoft's venture arm, which also backed WorkBoard's round the same day; an earlier Costanoa-led Series A is recalled.

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Brisbane startup GO1 raises $30 million Series B round led by Microsoft's M12

Brisbane education platform GO1 closed a Series B of over $30 million led by Microsoft's M12, with SEEK, Y Combinator and Larsen Ventures participating. M12 gains a board seat, its first Australian investment.

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