He’s quietly invested in Australia’s biggest space tech startups. Now he’s moving to launch a $150m fund
Will Scully-Power has for the past two been investing in Australian space startups. Now he’s looking to launch a VC fund.
VC
Brandon Capital’s $60m taypayer-funded biotech bets
Around $60 million in taxpayer funds has been deployed by Brandon Capital to startups working on cancer cures, infection prevention, fibrosis treatment and more. Brandon Capital has deployed around $60 million of National Reconstruction Fund capital across 10 biotech startups over the past year, championing the NRF as helping to keep promising technology in the […]
Rocket Lab alum raises $10.5m to build ‘anti-gravity chamber’ for space manufacturing
Outlier Space has raised an unusually large $10.5 million pre-seed round to build a satellite designed to help companies manufacture pharmaceuticals, silicon and other advanced materials in microgravity. Space is becoming a new frontier of advanced manufacturing thanks to the wonders of microgravity. That may sound like sci-fi, but antipodean investors are betting it will […]
AI made founding a startup easier than ever – but VC data shows funding is getting harder
It is true that AI has made creating a software startup easier, but data from Cut Through Venture indicates getting funding may be another story.
Australian startups punch above their weight. Coming from America, I think I know why
Opinion: Australian startups turn modest venture capital funding into global companies more efficiently than anywhere on earth. The reasons are in the dirt and distance, argues partner at Side Stage Ventures, Elli Hanson
Inside AI unicorn Anthropic’s unusual US$750 million fundraise
The startup’s new round led by Menlo Ventures surprised some industry insiders for its form of a special purpose vehicle and its function to help price bets by giants Amazon and Google.
Follow the funds: Australia’s daily VC deals
Forbes Australia presents the latest in the world of Venture Capital every day. For the latest news on funds, innovation and the businesses attracting the money, visit us here.
Billionaire Li Ka-Shing backs Aussie biocomputing startup combining AI and brain cells
Cortical Labs, an Australian startup developing a new type of artificial intelligence that combines lab-grown human brain cells with computer chips, has raised $10 million in a funding round led by Horizons Ventures, the private investment arm of Hong Kong’s richest person, Li Ka-shing.
Venture fundraising in US hits 9-year low
The amount was also less than half the level raised in the preceding three months.
Back to day one: How Australia’s tech ecosystem began
It is easier than ever to launch a startup – which is why it is also more competitive than ever.