Eastend Ventures Fund 1: first close
Eastend Ventures' first fund reached an initial close above $13m as South Australia's inaugural registered ESVCLP, targeting $50m to back early-stage B2B technology firms across SA, WA and QLD.
Company
Adelaide, SA
Every investor coverage indicates participated in a round Nova Systems raised.
Companies Nova Systems acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Dean Rosenfield | CEO | @AuManufacturing |
| Dr Sarah Cannard | Project Lead | Startup News (WA) |
| Martin Alknes | General Manager Norway | @AuManufacturing |
| Pamela Melroy | Director of Space Technology and Policy | SmartCompany, Startup Daily |
Stories naming Nova Systems. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Eastend Ventures' first fund reached an initial close above $13m as South Australia's inaugural registered ESVCLP, targeting $50m to back early-stage B2B technology firms across SA, WA and QLD.
Australian-owned defence business Aurizn has hired Rebecca Humble from QinetiQ Australia as chief executive. Her appointment comes as the Pemba Capital Partners-backed company pushes to grow its defence capability work.
Manufacturing roundup: Nova Systems wins a Norwegian contract, R.M. Williams opens a women's boot line, International Graphite secures government grants, three biotechs win NSW Biosciences Fund awards, and Lazo Paper is fined.
Also @AuManufacturing
Manufacturing roundup: Legrand buys NZ cable firm MSS; ClearVue lands a $4m placement; Nova Systems appoints Dean Rosenfield CEO; Diraq, having recently raised $29m, advertises 14 roles.
Also SmartCompany·@AuManufacturing·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Early VC·@AuManufacturing·Startup Daily
The University of Melbourne's SpIRIT gamma-ray nanosatellite has launched, with Australian Space Agency grants of nearly $7 million supporting the project alongside Italian and local industry partners.
Sydney spacetech firm HEO Robotics has closed a $12m Series A led by AirTree Ventures, with Salus, In-Q-Tel, Y Combinator and angels also in, as federal cutbacks hit Australian space programs.
Also Business News Australia·Forbes Australia·SmartCompany·Startup Daily
WA space consortium AROSE has received a $4 million Australian Government grant under the Space Agency's Trailblazer program to design a lunar rover for NASA, leading a sixteen-organisation group including Fugro and Nova Systems.
Also SmartCompany·@AuManufacturing·@AuManufacturing·Defence Connect·@AuManufacturing
Two Australian consortia, AROSE and one involving EPE and Lunar Outpost Oceania, each received a four million dollar grant under the Space Agency's Trailblazer programme to design lunar rover prototypes.
Roundup of Australian manufacturing news: Austin Engineering and Thales win government grants, IMCRC hands futuremap to the Australian Industry Group, AMSL Aero completes its eVTOL's first flight, and Gale Pacific reports half-year earnings.
Roundup of manufacturing items: a training milestone at Nova Systems, Gilmour Space rocket work, a Lockheed Martin STEM program, an ATSE infrastructure statement, a steel research hub launch, and Queensland's new startup fund.
Three WA space projects each won $200,000 federal Moon to Mars feasibility grants; Perth consortium AROSE is part of two funded projects, which also secured earlier WA government funding.
Also SmartCompany
A new national network to certify space-bound hardware has launched with a $2.5m federal grant, with six organisations including Wollongong and Saber Astronautics contributing; Saber's control centre earlier received a similar grant.
WA incubator QuantumTX, founded by Atomic Sky, names its first cohort of ten tech companies working across mining, energy and defence to enter the global space sector.
Adelaide satellite firm Myriota appoints ex-NASA astronaut Pamela Melroy as a non-executive director, adding space industry expertise as it works toward a 50-nanosatellite constellation.