Last Week in Australian Startups #87, 7th October 2024

Last Week in Australian Startups #87, 7th October 2024

A quiet news cycle last week leading up to the Labour day public holiday today in NSW. Nothing to report on in detail but another healthy week of funding with $60M raised.


Top News

  • ASIC admits it didn’t review impact of the sophisticated investor change (InnovationAus )
  • Cauldron Ferm has secured funding from the QLD government to develop the first precision fermentation contract manufacturing facility in APAC (InnovationAus )
  • UNSW delivers atomic quantum computing breakthrough - demonstrating provable quantum entanglement between two atoms in silicon (InnovationAus )
  • Deakin University has opened Australia’s first dedicated hydrogen fuel cell R&D centre (InnovationAus )
  • Experian completes $820M acquisition of Illion (Australian FinTech | Andrew Black )
  • Six people fitted with Synchron’s brain computer face have experienced no adverse effects during a 12-month trial, paving the way for a bigger study (The Australian )
  • Startup lender Fundabl rebrands as Mighty Partners (Startup Daily )
  • 7 universities and the CSIRO have secured funding in the QLD's largest-ever quantum grants program (InnovationAus )
  • ASX-listed Vinyl buys blockchain music startup Serenade in shares deal worth up to $2.3M (Startup Daily )
  • Gilmour Space Technologies has successfully puts its Eris launch vehicle through a critical wet-test rehearsal, taking the orbital rocket to within ten seconds of launch (InnovationAus )
  • REA abandons $12B pursuit of Britain’s Rightmove (AFR )
  • Tech Council opens tech talent forum to all industries, not just tech companies (SmartCompany )

Funding Rounds

  • Cartherics, a biotechnology company focused on developing innovative cancer therapies, has raised $15M (BNA | Startup Daily | Forbes )
  • Lorikeet, an AI-based customer support agent, has raised a $7.3M Seed round led from Square Peg and Skip Capital (BNA | Startup Daily )
  • Enrola, an education comparison platform site, has raised an $800K Pre-Seed round from AfterWork Ventures, Skalata and Antler (Startup Daily | Five V Capital | AfterWork )
  • Attekus, a booking and event management platform, has raised $5M from Five V Capital and QIC (Startup Daily )
  • Zeligate, which has developed an AI workforce platform for businesses, has raised a $2.5M Seed round from Angel Investors (BNA )
  • Zitcha, a unified retail media platform, has raised a $15M Series A from VMG Partners and OIF Ventures (SmartCompany | Startup Daily )
  • The Water and Carbon Group, a wastewater treatment start-up that removes toxic chemicals, has raised $14.5M from Emerald and Ecolab (The Australian | BNA )

Great to see Aussie startups doing so well! At Scale Impact, we've been thrilled to support the journey of Cauldron Ferm in securing their non-dilutive funds to fuel their innovation. It's inspiring to see such promising climate and deep tech startups pushing boundaries and creating real impact!

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Happy to be on the list :)

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Big week for Aussie startups! Thanks for sharing the news.

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?? Stefan Zurflüh

COO | Venture Capital | Angel Investing | Startups

1 个月

ASIC ??????

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