Tenacious Ventures closes fund I at $35m to focus on early-stage Agri-FoodTech startups

Image Credit: Emmalee Couturier on Unsplash

Venture capital firm Tenacious Ventures, which specialises in the Australian Agri-foodtech segment, has closed its first fund at $35 million. The Tenacious Ventures Fund I will be used to invest in Pre-series A businesses within the Agtech space. The firm expects to invest 80% of the capital raised into Australian-domiciled startups. Matthew Pryor, co-founder of… Continue reading Tenacious Ventures closes fund I at $35m to focus on early-stage Agri-FoodTech startups

Main Sequence announces $250 million deep tech fund to make the world a better place

Main Sequence team: (left to right, top) Virginia Crawter, Bill Bartee, Mike Nicholls, Phil Morle; (left to right, bottom) Stella Xu, Mike Zimmerman, Jen Baxter | Main Sequence

Australian deep tech venture firm Main Sequence has announced a $250 million fund to increase its focus on solving some of the world’s biggest issues in areas such as climate and food.

Morrison government announces second round of the Boosting Female Founders Initiative

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The federal government has launched a new $11.6 million funding round under the Boosting Female Founders Initiative that will support female entrepreneurs.

The changes in insolvency & restructuring rules that could catch out Australian businesses

Image credit: Scott Graham

“COVID Safe Harbour” insolvency rules have been replaced by legislation that includes a new, streamlined SME restructuring process…

Australian government opens third round of international collaboration grant: Up to $1 million for successful applicants

Image credit: Sebastian Herrmann

The third round of the government’s Global Innovation Linkages Program, aiming to provide funding to help Australian businesses or researchers collaborate with international partners, is now open for applications.

Cultured meat trailblazer Vow raises US $6m of fresh funding

Vow co-founders Tim Noakesmith and George Peppou

Aiming to not just outperform meat but replace it, Australian cultured meat company, Vow, has banked US$6 million of fresh funding. In 2019, Vow became the world’s first company to make a food product from the cells of an undomesticated animal, instead of the animal itself.  The company has since grown its library to 11… Continue reading Cultured meat trailblazer Vow raises US $6m of fresh funding

Show me the money: Sensis survey reveals the most popular finance sources for business

Sensis CEO John Allan

More than one in five (22 per cent) of Australians businesses would use their credit card if they needed additional finance. A further 31 per cent would dip into their savings, while 21 per cent would look at a bank loan and 14 per cent access an overdraft.  This snapshot into borrowing habits has been… Continue reading Show me the money: Sensis survey reveals the most popular finance sources for business

Snowflake announces $250,000 Global Startup Challenge

Credit: Darius Cotoi

Snowflake, the Data Cloud platform based in the US, announced its first-ever Global Startup Challenge, with the winner receiving up to $250,000. “This competition will showcase the power of data network effects while also expanding their reach. We look forward to rewarding a top startup who both embodies and employs the Snowflake vision: To mobilise… Continue reading Snowflake announces $250,000 Global Startup Challenge

$540 million in equity capital available to Australian SMEs

Credit: Etienne Martin

The Australian Business Growth Fund (BGF) has been formally established, providing eligible Australian SMEs between $5 mn to $15 mn in long-term equity capital investments. Eligible SMEs include Australian businesses that “have generated annual revenue between $2 million and $100 million and can demonstrate three years of revenue growth and profitability, allowing for the impact of COVID-19… Continue reading $540 million in equity capital available to Australian SMEs