Tag: venture capital

WA casts its own VC net to build startup scene

Posted on   |  by Joseph Brookes
The Western Australian government has followed other states in offering to tip into private venture capital funds if they back homegrown startups and establish a local presence. The state...

Biosecurity startup ExoFlare raises $5.3m

Posted on   |  by Brandon How
Biosecurity startup ExoFlare has closed a $5.3 million capital raise to develop its online platform for tracking threats in the agriculture and food supply chain. The seed raise was...

Defence seeks investor interest in dual-use technology fund

Posted on   |  by Justin Hendry
The Defence department is seeking interest from private investors in partnering with the government to fund local dual-use companies, after startups warned of a fatal funding gap in Australia....

VCs Jekara, Tidal flock to Qld’s matched funding

Posted on   |  by Brandon How
Queensland’s startup investment pool continues to grow with four more venture capital firms agreeing to expand in the state in exchange for backing from the Miles government’s new development...

Melbourne VC pulls in $270m for BioTech push

Posted on   |  by Brandon How
Melbourne venture capital firm Brandon Capital on Tuesday announced the first close of its sixth fund, which raised $270 million for local and global BioTechs. It takes the 2007...

Minister pushes back on govt’s investor test overhaul

Posted on   |  by Joseph Brookes
A Cabinet minister is warning Assistant Treasurer Stephen Jones that his sophisticated investor changes risk cutting off startup capital and sending mixed signals while the government looks to spur...

Tech industry groups urge caution on merger reforms

Posted on   |  by Brandon How
Tech industry groups are troubled by the Albanese government’s merger reforms, warning they could lower the investment attractiveness of the local tech sector. But the view presented by the...

Startup funding rounds hit six-year low

Posted on   |  by Justin Hendry
Australian startup funding deals fell to a six-year low in the first three months of the year, with the drop off in early-stage venture capital more pronounced as investors...