Welcome to August 2022 edition of FUNDED. In August we captured the lowest level of funding from announced deals since September 2020, arguably the start of the recent startup funding boom which ran from then until March this year. Private investments in August 2022 totalled $207m from 22 deals, or $213m if you add in six equity crowd-funding deals. This was down 56% from July's $461m and 67% from the $629m we saw in August 2021 back to pre-boom levels which have seen funding in August sitting between $109 and $237m.
Notably this is the first month since January 2021 that we have not captured a mega deal (of over $50m in value), with the largest private investment captured being for Hydrogen cleantech startup Hysata which raised $42.5m led by the Clean Energy Finance Corporation. There was a large drop to the next largest investments, for food supply chain startup Lumachain which raised $28.3m and ethical food startup All G Foods which raised $25m. In all we only captured six private investments that were more than $10m.
Earlier this month we were in Sydney launching Techboard's latest Report on funding women led ventures in conjunction with SBE Australia. That report highlighted the low levels of investment into women led startups, particularly those led solely by women founders who secured 0.73% of all private capital raised in FY22. Over the course of FY22 Techboard captured only $72.9m for solely women led ventures, with the biggest single investment being $10m. The raise by Lumachain together which what we captured In July brings the total raise by solely women led ventures to around 75% of the total in the whole of FY22.
While on the topic of women led ventures, in our report we included breakdowns of investments made by Australian VCs into Australian Startups by team gender showing on average the VCs that had made more than 10 investments in the period from FY18 to FY22 invested in startups with at least one female founder in 23% of deals. Since we published the report Carthona Capital have been in touch and alerted us to two investments they made into mixed gender teams, which brings the share of their investments to companies with a female founder to 7.7% as is illustrated below We have also revised the relevant tables in the report accordingly.
Find out more about FUNDED. While the list below is lengthy it is far from the complete list of what we capture. For access to our full data capture, sorted, catalogued and full searchable, inquire about a data subscription.
So what happened in June 2022?
Who’s been FUNDED?
The month’s megadeals (>$50m)
Nope. But for an almost megadeal:
Paradigm Biopharmaceuticals Paradigm Biopharmaceuticals secures a $45.68m placement. Read more...
Biggest Raises
Hysata Hysata, a hydrogen cleantech startup, closes a $42.5m Series A raise led by the CEFC. Read more...
Lumachain Lumachain, a food supply chain startup using AI, closes a $28m funding round. Read more...
All G Foods All G Foods, an ethical food startup, has secured $25m in Series A funding from Agronomics as part of a larger funding round. Read more...
Acquisitions
Akaysha Energy Akaysha Energy, a cleantech startup, has been acquired by US firm BlackRock for $1b. Read more...
IPOs
One Click Life One Click Life has closed a $5.5m Reverse Takeover Offer to be acquired by UUV Aquabotix and trade on the ASX as One Click Life. Read more...
$7.5m is the new black
Timelio Timelio, a fintech startup, closes a $7.5m funding round. Read more...
Spaceship Spaceship, a superannuation and investing startup, is raising $12m in bridging funds with $7.5m already committed. Read more...
Carina Biotech Carina Biotech closes a $7.5m Series A round. Read more...
Biza.io Biza.io, a cloud based data management startup, closes a $7.5m funding round. Read more...
Other Funding Events (VC/Private, Public(ASX), ECF, Debt, Grants/Awards)
(This is just a sample of the deals we captured in May - paying subscribers get a more complete list + full searchable access to all funding data captured by Techboard since 30 July 2017).
Mighty Kingdom Mighty Kingdom, the game developer, has closed a $7m Post-listing raise. Read more...
Creso Pharma Creso Pharma, a cannabis pharmaceutical company, completes a $7m Placement. Read more...
BankiFi BankiFi, an open banking fintech platform, closes a $6.8m Series B round. Read more...
OpenPay BNPL startup OpenPay completes an oversubscribed $5.863m SPP. Read more...
One Click Life One Click Life has closed a $5.5m Reverse Takeover Offer to be acquired by UUV Aquabotix and trade on the ASX as One Click Life. Read more...
Dainton Beer Dainton Beer closes their ECF with Birchal with $964k raised from 858 investors. Read more...
Farmers Pick Farmers Pick, the direct-to-consumer fresh produce startup, closed its ECF with Birchal and raised $897k from 703 investors. Read more...
LUMOS LUMOS, a martech startup, closes an $800k Pre-seed raise. Read more...
Change Financial Change Financial, a global fintech, has closed a $750k Placement. Read more...
ExtrasJar ExtrasJar, an insurtech startup, closes a $600k Seed round. Read more...
3 Ravens Brewery 3 Ravens Brewery raises $544k in ECF from 320 investors with Birchal. Read more...
Future Magic Brewing Co Future Magic Brewing Co has closed their ECF with Birchal with $298k raised from 230 investors. Read more...
NetNada NetNada, a carbon footprint measurement startup, closes a $200k Seed raise led by Skalata Ventures. Read more...
Ultimate Athlete Ultimate Athlete, a fitness and wellbeing startup, has received a $5k legal fee credit as part of acceptance into the 2022 Frank Lab accelerator program. Read more...
Stripped Supply Stripped Supply, a diabetes subscription startup, has received a $5k legal fee credit as part of acceptance into the 2022 Frank Lab accelerator program. Read more...
Fyrrr Fyrrr, an AI-powered platform, has received a $5k legal fee credit as part of acceptance into the 2022 Frank Lab accelerator program. Read more...
Other funding events for our paid subscribers:
(Our paid subscribers get access to many more funding events on the Techboard Platform)
News from Funders
EVP secures $60m for its new $100m fund. Read more...
MA Financial is raising for its new sustainability fund. Read more...
Nespresso is offering a $50k prize for the best circular economy idea. Read more...
OneVentures is raising $200m for a venture credit fund. Read more...
RealVC, a new VC, closes its first Seed-focused fund by raising $20m. Read more...
Tenmile, a health and biotech VC, has a new $250m fund with backing from Tarrarang. Read more...
Who’s Looking for Funding?
Nano Nano Digital Home Loans is seeking $75m to fund national and international expansion. Read more...
July July, the luggage startup, has opened a $30m Series B round. Read more...
Alex Alex Bank is seeking a $25m Series D raise. Read more...
MoneyMe MoneyMe has opened a $21.2m Placement. Read more...
Paradigm Biopharmaceuticals Paradigm Biopharmaceuticals opens a $20.3m non-renounceable rights issue offer. Read more...
Frank Body Frank Body, a skincare startup reusing coffee grounds has opened a $15m Series B raise. Read more...
CancerAid CancerAid, a virtual cancer assistance startup, has opened an $11.4m funding round. Read more...
Data Farming DataFarming, a data-agtech startup, is raising $5m in Series A funding. Read more...
Aviation H2 Aviation H2, a clean plane tech startup, has opened a $2.5m funding round. Read more...
Bod Australia Bod Australia, a cannabis drug developer, has opened a $2m Rights Issue. Read more...
Bod Australia Bod Australia, a cannabis drug developer, has opened a $1.5m Placement Read more...
Poseidon Marine H2 Poseidon Marine H2, a clean boat tech startup, is seeking a $500k investment. Read more...
ExtrasJar ExtrasJar, an insurtech startup, is currently raising with Birchal. Read more...
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