Startups

The 2023 State of Australian Startup Funding report is out, revealing an unsurprising 54% drop in 2023. But amidst the chaos, early-stage startups were the least scathed.

The Medical Research Future Fund has invested $3.25M in four medtech startups integrating AI & machine learning into their tech stacks.

As we cross the threshold into February, we have five Aussie startups that have raised at least $38 million this week.

Energy challenger Amber Electric has successfully completed a $29 million Series C funding round at a rough $120 million valuation.

Digital health and Ozempic selling startup Eucalyptus prepares $8 million share sale that is set to benefit long-serving employees.

Melbourne plant-based leather startup, Alt. Leather, has successfully closed an oversubscribed seed funding round, raising $1.1 million.

Food redistribution startup Yume has secured $2 million in seed funding led by Investible. This brings the platform's total funding to date to $7 million.

January continues to be a strong one for startup raises, with VC cash being injected into skincare, deep tech and workplace wellness.

Melbourne-based SPF brand Ultra Violette is hoping to replicate its local success in the North American market and will use $15 million in new equity funding from Aria Growth Partners to help it do just that.

Aussie startup Linktree is leaning into AI, hiring two machine learning experts with backgrounds in audio to help users turn their fans into a reliable revenue stream.

Deep tech startup, Aquila, has completed a successful trial of its wireless drone charging technology in regional Victoria.

Combining Tasmanian aquaculture with West Australian technology, ocean energy could produce the food of the future -- net-zero salmon.