Startups

Silicon Valley-based PsiQuantum has closed a US$450 million ($611 million) Series D raise, giving it a valuation of US$3.15 billion ($4.3 billion).

Deliveroo is revamping how customers and hospitality businesses interact with the launch of its new platform Signature, allowing diners to order directly from restaurants' websites.

"SwarmFarm is building the future of farming through robotics, but that doesn't mean we want to tear down everything that's come before us," writes founder Andrew Bate.

More Australian businesses are raising more money through equity crowdfunding, with investments in the last quarter up 620% compared to last year.

Australia’s science agency CSIRO is backing another startup in the alternative proteins space, this time focusing on the already-crowded dairy-free milk space.

Aussie pocket-money startup Spriggy has bagged $35 million in Series B funding, as it looks to build on the momentum built during the COVID-19 pandemic and the shift way from cash.

Subscription startup Carbar has secured $50 million in debt financing, as it gears up for a new phase of growth with a focus on electric vehicles.

Banks are neglecting the lending needs of SMEs and startups, according to Judo Bank chief executive Joseph Healy.

"I think it’s important to loudly proclaim that we are women, as well as being entrepreneurs or founders," writes Jules Brooke.

The Aussie VC ecosystem may be more cash-rich than ever, but on a global scale, it’s got some catching up to do, says Blackbird's Rick Baker.