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Business News Australia

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The most recent 60 of 84 articles we hold from Business News Australia.

4 deals

Main Sequence promotes Elaine Stead to partner as deep tech VC builds towards Fund 4

Deep tech investor Main Sequence promotes Elaine Stead to partner while preparing a fourth fund; the piece recalls earlier fund closes and CSIRO's enlarged commitment to the Atmosphere pre-seed program.

Under Main Sequence ·leads this story in the feed

Series C $60m

InDebted names former Advanced Navigation revenue chief Chris McNamara as CEO

Debt collection fintech InDebted hires Chris McNamara as CEO and Brendan Lee as CFO, while recalling its $60 million Series C led by Airtree and its acquisition of Germany's Receeve.

Under SmartCompany ·leads this story in the feed

3 deals

Amber closes $78.5m Series E to push energy tech platform into European markets

Melbourne energy tech firm Amber has banked a $78.5m Series E led by Morgan Stanley-backed climate fund 1GT, with E.ON, ETF Partners and Innovation Victoria joining, to fund growth and European expansion.

Under RenewEconomy ·leads this story in the feed

3 deals

Savic opens the door for strategic investment to globally scale Australia's first electric motorbike

Melbourne electric motorcycle maker Savic has launched a process seeking acquirers and strategic investors; the article recounts its earlier crowdfunding, capital injection and government grant, though no new funding is confirmed.

Under @AuManufacturing ·leads this story in the feed

Unnamed stage $1.5b

Former MYOB executive appointed DroneShield CFO as full-year committed revenue tops $250m

DroneShield names Rebecca Lowde, previously at MYOB and Afterpay, as finance chief, succeeding Carla Balanco, while revealing a $251 million full-year order book and an initial sale of its RfRecon detection device.

Under Startup Daily ·leads this story in the feed

2 deals

Gilmour Space and Hypersonix join forces to build sovereign hypersonic flight-test capability

Gilmour Space and Hypersonix have partnered to offer hypersonic flight testing to defence customers, with both firms' recent raises recapped.

Under Beaten Zone Venture Partners portfolio ·leads this story in the feed

News

Private equity-backed childcare operator Edge Early Learning collapses into voluntary administration

Edge Early Learning, a Brisbane childcare chain backed by HEAL Partners, Centennial Property Group and Normanby Capital, has gone into administration under KordaMentha following a rental standoff with Arena REIT, its landlord.

2 deals

Blackbird closes record $1 billion Australian venture capital fund to back tech founders

Blackbird has finalised a $1.05 billion close for its sixth vehicle, the biggest Australian or New Zealand venture raise on record, adding new global institutions to long-standing local superannuation backers.

Under Blackbird Ventures portfolio ·leads this story in the feed

Fund close $177m

Guardhouse snares US patrol verification platform Mobohubb to build unified security workforce suite

Australian security-workforce software firm Guardhouse has bought US patrol-verification company Mobohubb, with growth-equity backer Sundance Growth — whose first fund closed at US$125 million last year — supporting the deal.

Under guardhousehq.com ·leads this story in the feed

2 deals

ACTivate Capital leads $4m investment in Canberra defence tech company Seitec

A $4 million round for Canberra defence sensing firm Seitec is led by ACTivate Capital with UNSW and Beaten Zone co-investing; the ACT Government-backed fund earlier closed $23 million of a possible $50 million.

Under Beaten Zone Venture Partners portfolio ·leads this story in the feed

Seed $5m

Sophiie AI hits $30m valuation after $5m raise to drive global growth of trades businesses platform

Gold Coast AI startup Sophiie AI has raised a $5m seed round at a $30m valuation, with five backers on board and the money set for building product and entering the US.

Under Dealroom ·leads this story in the feed

Funding announcement

Six biomedtech startups share $13.5 million in CUREator+ grants to fast-track health breakthroughs

Six Australian health tech startups received non-dilutive grants totaling $13.5 million from the government-backed CUREator+ program to accelerate commercialisation of medical innovations.

Seed $3.5m

Two-time exited founder Zac Altman raises $3.5m to tackle Australia's ADHD care gap with Kantoko

Sydney ADHD care startup Kantoko has secured $3.5m in a seed round co-led by two venture firms, with Go1's founders among angel backers, to widen its clinician network and speed up product development.

Under Forbes Australia ·leads this story in the feed

3 deals

Firmus secures $3.1b from Blackstone, Coatue and NVIDIA to supercharge AI factory rollout

Australian AI infrastructure firm Firmus has locked in a US$2 billion equity round from Blackstone, Coatue, NVIDIA and Jane Street, valuing it above US$10.5 billion, funding GPU data centre expansion across Australia and Asia-Pacific.

Under Startup Daily ·leads this story in the feed

Exit / M&A

Adelaide University researchers eye black soldier fly larvae for human consumption

Adelaide University researchers are testing black soldier fly larvae as safe human food, while Goterra, Australia's most prominent insect-farming startup, has entered liquidation after its Series B hopes fell through.

Under Startup Daily ·leads this story in the feed

undisclosed $5m

Agscent more than doubles valuation to $27m following $5m capital raise for livestock sensing tech

Australian deeptech startup Agscent has banked a $5 million round that lifted its worth to $26.9 million, with Tundra Capital, Scale Investors and producers among the backers of its NASA-derived livestock breath-sensing platform.

Under Startup Daily ·leads this story in the feed

2 deals

Biotech Ferronova boosts Series A capital raise by $6m

Adelaide biotech Ferronova added $6 million to its Series A from prior backers, lifting the round's total to $17.5 million; backer Renew's parent Ultragreen.ai floated in Singapore this month.

Also ferronova.com.au·movefm.com.au·Biotech Dispatch·Startup Daily

Under Uniseed ·leads this story in the feed

2 deals

$50m ACTivate Capital fund launched to back ‘great science’ and boost Canberra startups

The ACT Government has launched the ACTivate Capital venture fund, with an initial $23 million close and capacity for $50 million, to back Canberra startups and commercialise local research, led by fund manager Ken Kroeger.

Under insidestategovernment.com.au ·leads this story in the feed

Pre-seed $4.2m

Marloo raises $4.2m as financial planners adopt its AI

Marloo, a Sydney maker of AI assistants for financial advisers, has secured pre-seed backing from Blackbird Ventures and several founder-angels to build out its product.

Under Blackbird Ventures portfolio ·leads this story in the feed

4 deals

Vaxxas ramps up market readiness with $89m in funding

Brisbane biotech Vaxxas has raised a combined equity and debt package to speed its patch-based vaccine technology to market, while announcing a chief executive departure and a board chair change.

Under Startup Daily ·leads this story in the feed

2 deals

Send Payments raises $5m and appoints new CEO

Sydney fintech Send Payments has banked $5 million from iPartners and returning backers, and handed the CEO role to Matt Barr, with co-founder Paul Billing stepping aside.

Under sendpayments.com ·leads this story in the feed

Fund close $3.5m

Sydney Angels sidecar fund raises $3.5m in a week on VentureCrowd

Sydney Angels' third sidecar fund raised $3.5 million on VentureCrowd in a week to back early-stage startups, while the article recalls past fund wins including Clarity Pharmaceuticals, Instaclustr and Aurtra.

Under Techboard ·leads this story in the feed

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