🇦🇺 This Week in Australian Startups #137, 9th November 2025
$491.9m raised across 7 rounds, Nucanon and Butter Insurance announce they've both been acquired, Carma lists on the ASX, Olivia Sioud becomes the youngest VC partner with Skip Capital
News
M&A, IPOs & Exits
Sydney-founded cybersecurity group Bugcrowd acquires Mayhem Security, a pioneer in AI offensive security developed by hackers (BNA)
Carma shares slide on ASX debut following $100m IPO (Capital Brief)
Sydney-based edtech Cluey launches $4.5m ca…
