Ord Minnett

🇦🇺 This Week in Australian Startups #180, 4th October 2026

Weekly roundup reporting Australian startup funding rounds and government grants, a venture fund close, agreed acquisitions, an IPO pricing, a collapse, plus executive hires and AI policy developments.

Perennial, Ords-backed RedEarth Energy collapses into administration

Queensland battery firm RedEarth Energy Storage has entered voluntary administration, leaving backers including Perennial Partners and Thorney Technologies facing losses after once being valued at $100 million.

Also This Week in Australian Startups

The startup funding round: Fintechs galore, records broken and a $1 billion cash injection

A weekly roundup reporting fresh raises by Deferit, Karbon, VendorPanel, Symple and Thrive, plus Klarna's US$1 billion round at a US$31 billion valuation.

Also Cut Through Venture·Startup Daily

Jarden, Ord Minnett prepare fintech Harmoney for IPO

Lender Harmoney has reportedly engaged two stockbroking firms to advise on funding choices, weighing a private raising against a sharemarket float, with a substantial raise anticipated to fuel growth in Australia.

Three funds bankroll MoneyMe raising

A personal lender preparing to list has drawn early institutional orders, with three local fund managers taking cornerstone roles and the book reportedly filled before the formal build opens.