Partner, Cauldron Ferm
Stories naming Phil Morle. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Biomanufacturer Cauldron Ferm has banked a $19 million Series A2, led by Main Sequence with Horizons, SOSV and NGS Super aboard, adding to an earlier $9.5 million round and a $4.3 million federal grant.
A retrospective on Maxwell Plus, a machine-vision prostate cancer medtech that folded, with founder Elliot Smith and investor Phil Morle sharing lessons; Harrison.ai's later raise underscores the timing they missed.
Also Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Forbes Australia·Forbes Australia
Australian plastics recycler Samsara Eco secured a Temasek-led Series A+ of $100 million to scale enzyme-based infinite recycling, with Southeast Asian facilities planned, adding to its 2022 Series A.
Also TechCrunch Venture·SmartCompany·@AuManufacturing·Techboard·SmartCompany·@AuManufacturing·@AuManufacturing·@AuManufacturing
Precision fermentation company Eden Brew raised a $24.4 million Series A led by Main Sequence, with Breakthrough Victoria and other backers, to commercialise animal-free dairy and relocate from Sydney to Melbourne.
Also @AuManufacturing·SmartCompany·Startup Daily·Startup Daily·Startup Daily·AgFunderNews·AgFunderNews·Crunchbase News
Feature on tech startups thriving outside Australian capitals, recording Cauldron's seed raise and government backing, with views from investors and founders at regional companies.
Plant-based meat maker v2food will shut its Wodonga factory and shift production to third parties, while chief operating officer Tim York replaces departing founder Nick Hazell as chief executive.
Australia's Main Sequence fund promotes Gabrielle Munzer to Partner to lead its biotech push; the article also covers her finance background, the firm's company-building model, a UNSW accelerator, and recent diverse hires.
Fermentation startup Eden Brew announces US$5 million towards an ongoing raise, with follow-on backing from Main Sequence and new investment from Digitalis Ventures, funding dairy-free milk development and a planned ice cream launch.
Also AgFunderNews·SmartCompany·SmartCompany·@AuManufacturing
Preview of the Startup Daily TV podcast covering a bid against AGL's demerger, reproductive-rights tech policy, VC conversations, a fintech fund raise, and interviews with Skedulo, Good & Fugly and One Key Access founders.
Fermentation-based dairy startup Eden Brew launches with A$4 million from CSIRO, its venture fund Main Sequence, and dairy co-operative Norco, targeting its first animal-free milk product on shelves within 18 months.
Australian startup Nourish Ingredients, which engineers fats for plant-based meat, has raised $11 million from Horizons Ventures and Main Sequence Ventures. Founders Petrie and Leita met at CSIRO; the company employs 18 people.
Also SmartCompany·@AuManufacturing·Cut Through Venture·SmartCompany·SmartCompany·Startup Daily·AgFunderNews·AgFunderNews·@AuManufacturing·@AuManufacturing·@AuManufacturing·TechCrunch Venture
Profile of plant-based meat startup v2food, created through CSIRO and Main Sequence Ventures, with seed backing from Jack Cowin's Competitive Foods Australia. Founder Nick Hazell discusses launch plans and the alternative protein market.
Australian startup incubator Pollenizer is shutting down after failing to build a sustainable business, having broken the news to staff and backers. Phil Morle and Mick Liubinskas started the company in 2007.