This Week in Australian Startups #92, 10th November 2024
Not the biggest news week, and I’ve been on the road myself (literally). Driving down from Sydney to Melbourne, and I think I’ve cracked the perfect time to leave, especially with a 2 year old for any other parents that might be reading this.
We beat the traffic to get out Sydney and got a good 2-3 hours on the motorway before the little one woke up - one stop for breakfast and a bit of playtime and back on the road and in Melbourne by 2:30pm with the nap just ending.
I’m sure there’s a lesson in there for how to be better at B2B Sales.
On a more serious note, you may have seen I recently joined Cut Through Angels as a Partner - the angel investing syndicate of Cut Through Venture.
We’ve just gone live with a new deal in the healthtech sector with a really exciting female founded startup - if you’re a sophisticated investor and interested let me know and I can share details on how to join the syndicate to learn more.
Top News
Australia’s plan to ban under 16s from social media is yet another messy global fight over science (Startup Daily)
Global ESGFinTech100 List announces inclusion of Australian leading digital banking solutions provider Moroku (Australian FinTech)
Metigy founder charged after using company money to buy luxury homes (AFR)
Scalare Partners makes ASX debut, bags $4.3m (BNA)
Tech stocks led ASX gains following Wall Street rally (Capital Brief)
The ATO said it has ‘issues with the tech sector’ as report reveals Apple’s taxable income is just 4% of local revenue (Startup Daily)
The inaugural director of the National AI Centre Stela Solar steps down (InnovationAus)
ARENA powers up clean tech startup Orkestra with $2.77m for EV charger plans (Startup Daily)
Crowdfunding platform Equitise placed in voluntary administration (Startup Daily)
Intelligent Monitoring Group on acquisition drive with deal to buy Dataline Visual Link for $7m (BNA)
Aussie biotech Neuren secures $76m windfall from sale by US partner (BNA)
Eucalyptus co-founder Charlie Gearside steps down as company enters 'new phase' (Capital Brief)
Gilmour Space aims for historic orbital rocket launch before Christmas (SmartCompany)
Breakthrough Victoria post $3 million loss (Startup Daily)
TechOne acquires CourseLoop for education boost (ARN)
Funding Rounds
Viewa, that harnesses augmented reality (AR) and 3D visualisation to add depth to e-commerce offerings, has raised a $300K Pre-Seed round from Skalata (BNA)
JustFund, helps fund the legal costs of Australians going through a divorce or separation, has raised a $5.7M Seed round from Xilium Capital, Startmate, Legal Tech Fund and Tripple (Startup Daily | The Australian)
FBR, the creator of Hadrian X, the world's first fully automated end to end robotic bricklayer, has raised $8M on the ASX through a fully underwritten share purchase plan (BNA)
Bugcrowd, the bug bounty platform, has raised $50M in Growth Capital from Silicon Valley Bank (SecurityWeek)
FiberSense, an AI-powered platform specializing in digital infrastructure and smart sensing technology, has raised $21.26M from Prosus Ventures, Colinton Capital, Investible (Prosus)
Ida Sports, female sports performance footwear brand, has raised a $2M Seed round from Kynisca Sports International (Sportico)