Yesterday
Concussion medtech start-up kicks off raise for US expansion
Headsafe hoping to break into the United States healthcare market with its NuroCHEK device, hitting up early-stage investors for $5 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Financy in cash call for workplace equality SaaS platform
Its clients, according to the flyer, include Bega, Netwealth, NGS Super, SG Hiscock & Company and NSW Land Registry Services.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Quantum Computing
Answers emerge slowly to government’s $1b quantum questions
Questions are mounting over how PsiQuantum was backed when we have been told so often to marvel at local tech stars.
- Paul Smith
- Opinion
- Opinion
Stick or twist? How start-up investors know when it’s time to sell
VCs selling down Canva stakes could leave huge gains on the table, but don’t want to leave selling too late. Poorly timed sales have a history of destroying value.
- Adir Shiffman
Sydney AI customer bot start-up raises from Peak XV
The Funded blog is the home for news on the tech deals that are done in Australia, as soon as we hear about them.
- Updated
- Paul Smith
Ellerston-backed video platform draws in big-name investor
The investment from Melbourne emerging companies specialist Acorn Capital takes the total funds raised by Genero to $15 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Sydney brewery raises capital, inks deal with finals favourite Swans
Charge your glass for White Bay Brewery! It’s got private equity, it’s got Merivale, and now it’s got AFL finals favourite Sydney Swans drinking from its taps.
- Sarah Thompson, Kanika Sood and Emma Rapaport
April
‘Country mile ahead’: How PsiQuantum won a $1b investment
Chief scientist Cathy Foley said US-based PsiQuantum showed it was a “country mile” ahead of other Aussie companies in trying to build a world-first quantum computer.
- Paul Smith, John Davidson and Tess Bennett
- Exclusive
- NSW residential property
VCs are banking on Canva staff cash, but they’re buying houses instead
While most staff say they plan to put the money towards real estate, an investing program just for Canva staff already has the interest of more than 100 people.
- Nick Bonyhady
Got a small audience? This start-up could help you monetise it
Kindling is figuring out what AI tools can help podcasters and YouTubers “supercharge” their content, and find someone willing to pay for it.
- John Davidson
A year after Milkrun’s demise, the quick commerce founders are back
The collapse of the high-flying start-up 12 months ago this week marked the end of the easy-money free-for-all. These new ventures are everything it wasn’t.
- Nick Bonyhady
Perennial hits the fundraising trail for its sixth private fund
The firm, which manages $700 million across five private asset funds, is set to launch an evergreen version of its public-to-private fund services dubbed PPP+.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Three ways investors can back the next Canva
Dozens of angel investing clubs are allowing sophisticated investors to buy a piece of early-stage start-ups for as little as $10,000.
- Tom Richardson
- Exclusive
- Start-ups
‘We’re not lemmings’: What happens when Blackbird drops a start-up
The fund is seen as the purest expression in Australia of the venture capital playbook of doubling down on best bets. What happens to the rest?
- Nick Bonyhady
- Exclusive
- Manufacturing
Made in Australia ‘over-due’ as Sydney VC forms $US150m fund in Singapore
Sydney-based VC fund Investible has secured Indonesia’s biggest bank as an investor, its CEO says Australia has ground to make up on regional peers.
- Paul Smith
Small business lacks capital, the NRF thinks it has the answer
The new chief of the National Reconstruction Fund wants to use his $15 billion pot to encourage super funds and banks to invest in normally overlooked ventures.
- Tess Bennett and Hannah Wootton
- Exclusive
- Funding
Start-up deals fall to six-year low as tech winter persists
Just 66 Australian companies raised funds from venture capital investors in the first quarter of this year, and total funding has dropped 45 per cent year-on-year.
- Tess Bennett
- Exclusive
- Funding
Blackbird nets $800m payday from Canva share sale
“I hate selling even one Canva share … but it’s time for some of our earlier funds to take some profits off the table.”
- Tess Bennett
Woolworths partners with Tesco on $190m start-up investment fund
The global fund will be run from Sydney and counts retailer chains from Europe, Canada and South Africa among its investors.
- Nick Bonyhady
- Exclusive
- Funding
Sydney start-up Honey Insurance lands blockbuster $108m US investment
After 305 meetings Honey has closed a huge series A funding round, but it had to head offshore to find the right investors.
- Paul Smith
