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.
Venture capital
The UK’s $100 billion fintech disruptor takes aim at Australia’s big four banks
Revolut, a UK fintech last valued at US$75 billion ($104 billion), has been approved to operate banking services in Australia. It plans to spend “nearly” $400 million to win over the local market.
Brandon Capital scores its biggest return ever with $2.1bn biotech acquisition
Brandon Capital led cancer therapeutics startup Myricx Bio’s $8.5m seed round in 2019. Now Novartis is buying it for up to $2.16 billion. One of Australia’s longest tenured VC firms will soon enjoy its best ever return on a single investment following Novartis’ US$1.1 billion ($1.58 billion) acquisition of London biotech startup Myricx Bio. Melbourne-headquartered […]
Samsara Eco kicks off $100m raise to recycle critical minerals
After forging deals with Lululemon and LSKD for its recycled fabrics, Samsara Eco is looking to develop a means of extracting and reusing rare earth metals.
This drone startup bagged BHP, Rio Tinto as customers. Now it’s raised $25m to tackle defence spending boom
Emesent, a drone tech startup spun out of CSIRO, has raised $25 million in a round that includes NGS Super, Hostplus, Main Sequence and the NRF. CSIRO-spinout Emesent has raised $25 million in fresh funding, including $10 million in venture debt from the National Reconstruction Fund, as it aims to jump further into the exploding […]
Advanced Navigation rides deep tech boom with first US manufacturing hub
After raising over $150 million, deep tech unicorn Advanced Navigation is expanding internationally with a manufacturing plant in Alabama and upcoming acquisitions across the US and Europe.
Airwallex mega raise nearly doubled its valuation in a year
Titans of finance including Baillie Gifford and T. Rowe Price have backed Airwallex in the startup’s US$320 million Series H, which values the Australian-born startup at $16 billion.
Blackbird’s $200m punt on this AI startup is its biggest investment ever
Blackbird invested over $200 million in Californian startup Baseten’s Series F, backing the AI infrastructure startup’s plan to drastically reduce the cost of AI deployment.
CEO shakeup at Vow amid restructure at lab-grown meat startup
Blackbird-backed startup Vow has cut jobs and gotten a new CEO as it looks to use its cell-culture technology to expand beyond the development of lab-grown meats.
Startups score CGT relief as Albanese Government introduces ‘innovation’ concession
On Thursday the Albanese Government amended its controversial capital gains tax proposal by allowing startups that qualify as ‘innovative businesses’ to retain the existing 50 per cent discount. Key Takeaways The Albanese Government on Thursday announced plans to offer capital gains tax concessions to the startup sector that will give certain founders, employees and investors […]