Welcome to our summary of Australian startup and tech company funding news for the month, FUNDED for June 2023.
FUNDED is out a little later than usual as the Techboard Team have been hard at work putting together FUNDED FY23 Australian Startup Funding in review which will be out next week.
For the month of June Techboard captured $309m worth of private investment from 79 deals. To save you the effort of going back over previous editions of FUNDED this takes the total VC/private funding for the June quarter 2023 to $1.182b from 162 announced and reported deals and $2.193b from 284 announced and reported deals for H1 2023.
For the record Techboard captured a total of 90 funding events for June, including 79 private investments, 3 public investments, 3 grants, one debt financing and 3 acquisitions. We created new profiles for 69 new companies, 22 new funders/investors and 100 new company founders.
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So what happened in June 2023?
June was a relatively slow funding month, slightly ahead of the result for June 2020 but down from the highs of 2021 and even 2022. The most noteworthy investment of the month was the month's only megadeal of over $50m, for Pet Circle, an online pet retail startup, which closed a $75m Series D at a $1.125b valuation (read more).
There were another ten deals of greater than $10m dollars, with Healthtech being the leading sector for the month.
Stacked Farm a farming automation startup, closes a $40m Series A raise. (read more)
Lyka Pet Food a pet food startup, closes a $25m Series B+ round. (read more)
Fledglink bank In1Bank raises $25m (read more)
Splend a vehicle subscription startup, closes a $20m raise. (read more)
ImmVirX a biotech startup, raises $15m in Private Funding. (read more)
Midnight Health an online subscription startup, closes a $15m Series B raise. (read more)
Sicona Battery Technologies a battery technology startup, closes a $22m Series A raise. (read more)
Nutromics a diagnostics startup, closes an $11m Pre-Series A raise. (read more)
We have saved the analysis for the FUNDED FY23 review but here a few charts as a teaser for the full report which will be out next week.
We have published our latest capture to the Techboard platform which is accessible to our commercial subscribers For access to our full data capture, sorted, catalogued and full searchable, inquire about a data subscription.
Other deals (for our paying subscribers)
Details of all deals we capture are available on the Techboard platform for our paying subscribers. Inquire about a data subscription.
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