Today
Climate investors bet on $40m home electrification start-up
The Planet Fund has put up half Electric Futures’ $10 million debt and equity raise, valuing the start-up at $40 million.
This Month
Sharon AI poised to launch $100m pre-IPO round; eyes March IPO
Sharon AI is moving swiftly ahead with its pre-IPO funding round and making a beeline for the ASX in the new year.
Body scanning start-up worth $110m on uniform fittings, Ozempic boom
Melbourne-based Bodd has banked $15 million from high-profile backers, including former directors of Laurence Escalante’s Virtual Gaming World.
Eucalyptus revenue surges on UK appetite for weight-loss drugs
The high-profile Australian start-up more than doubled its revenue in the year ending June 30, driven by strong demand in the UK market.
November
Forget AI, seaweed is the new hot destination for venture capital
A growing band of Australian start-ups are looking to scale up seaweed as a cleaner, greener material in a range of agricultural and industrial applications.
Eucalyptus set to be Australia’s next unicorn with $1.4b valuation
Eucalyptus is tantalisingly close to ruling off its $190 million latest funding round, upsized from the initial $100 million and $150 million target.
Marex bets on cow carbon credits, backs $132m NZ AgriTech
Auckland start-up Ruminant Biotech has picked up 14.8 million in Series A funding.
EVP turns page on StrongRoom AI saga after raising $100m for new fund
While the venture capital firm courted controversy after calling the police on one of its own investments this year, its backers have not lost faith.
Corporate rewards platform Pay.com.au hits $630m valuation, eyes ASX
The Melbourne small business payments business sees plenty of opportunity in the US, where its new funds will be used to support a big expansion.
Prefab homes get a $60m boost thanks to Aussie OpenAI backer
A Melbourne fund manager that’s backed Silicon Valley’s hottest AI start-ups has joined forces with JPC Group to launch a $60 million property tech fund.
Controversial Australian start-up cops fine in New York
New York’s regulators settled their case against Kiki after it agreed to pay $233,000, three times its revenue, and move out of the city.
Super funds’ aversion to start-ups costs retirees up to $20,300: report
A report shows regulatory barriers are causing funds to withhold at least $54 billion from funding private equity and venture capital, hurting both jobs and returns.
ANZ ventures chief pops up at fintech after 1835i closure
Former head of ventures David Rowe has landed at private asset administration start-up GXE.
The founder of this $800m company doesn’t believe in luck
Reluctant entrepreneur Flavia Tata Nardini had no desire to start her own business, but when she arrived in Australia it became clear it was her only choice.
Ex-The Wine Collective CEO lands funding for commercial solar start-up
Ecotone Partners’ The Planet Fund has put up $4 million debt, while existing pre-seed investor, Singapore-based Wavemaker, added a $1 million equity cheque.
Why start-ups cannot get their hands on green subsidies
Labor’s net zero economic advisor says smaller businesses are struggling to get access to government financing that would significantly de-risk their projects.
New merger laws ‘put deals at risk’
The ACCC has received double the number of merger notifications expected, with investors calling for the thresholds to be refined before the system is mandatory.
Billionaire Shahin family takes stake in Perth payment fintech Bless
The investment is the latest in start-up plays from the family that sold its OTR petrol station empire to Viva Energy in a $1.2 billion deal two years ago.
Bank tech start-up Constantinople doubles losses, seeks more funding
But the co-founders of financial platforms business said they were focused on growth and not concerned about reaching profitability in the short term.
Oliver Curtis’ Firmus set to triple valuation to $6b in fresh raising
Nvidia’s investment and CDC’s leasing agreement have added a whopping $4 billion to Firmus’ valuation in less than two months.