EOS raising confirms investor appetite for manufacturing

By Peter Roberts Defence, space and communications group Electro Optic Systems (ASX: EOS) has raised $85 million from investors and shareholders, confirming investor appetite for progressive manufacturers. The company announced it had raised $17 million – $10 million more than initially sought – in a share purchase plan from existing shareholders. This came on top…

A once in a generation funding opportunity: monetary policies open doors to global funding opportunities

Treasurer Josh Frydenburg’s message to business is “to back yourself and use your balance sheet to invest and grow.” Whilst we may not agree with all his policies, it is clear there is a significant need to invest in R&D, innovation and ways to enhance productivity, whether that’s through new technologies or processes to improve performance.

Second plant-based meat maker gains funding

A second plant-based meat food business, Fable, has attracted capital as factory-made meats take off. Fable raised $1.5 million from Atlassian co-founder Mike Cannon-Brookes, Blackbird Ventures and angel investors, according to a report in Channel 9 media. Fable’s plant-based meat product launched at Heston Blumenthal’s Dinner restaurant in Melbourne on Tuesday is said to have…

Four predictions for 2020

It’s the beginning of December, meaning it’s time for news websites and others to look back and make sense of the year that’s nearly through, or to speculate about the one coming up. We have the same access to a functioning crystal ball as anybody else, but will take a punt on four developments for 2020.

Advanced Navigation raises $20 million for expansion

Robotics and AI sensor business, Advanced Navigation, has raised $20 million to expand its global research and manufacturing footprint. The company, which develops and manufactures navigation systems, inertial sensors, acoustics, positioning systems and robotics, raised the cash from Main Sequence Ventures’ CSIRO Innovation Fund, and US venture firms Brick & Mortar Ventures and In-Q-Tel Inc.…

EOS completes $68 million capital raising

Defence, space and communications group Electro Optic Systems (ASX: EOS) has completed the raising of $68 million in a placement to institutional investors. The capital raising was undertaken to support EOS’s forecast earnings which have been revised upwards on a strong order book and the establishment of a new space communications division. EOS group CEO…