Perth startup Uluu, which has developed a process to create bioplastics out of fermented seaweed, has announced a $16 million Series A funding round, led by Germany’s Burda Principal Investments. According to a statement on Thursday from the company, the raise will support construction of a demonstration plant and scaling up its technology, which “has…
Emerald, Queensland-based agricultural robotics company SwarmFarm Robotics has raised $30 million through its Series B round, with the Clean Energy Finance Corporation tipping in $7 million. According to a statement from the CEFC on Thursday, the round will accelerate the rollout of SwarmFarm’s lightweight, self-driving “SwarmBots”, which reduce herbicide use by up to 95 per…
Wearable biosensor-based diagnostics company Nutromics has raised $7.5 million in an “acceleration round” led by an unnamed Australian life sciences investor. In a statement on Tuesday, Nutromics said the funds brought the total amount of investment in the company to $60 million, as it progresses commercialisation of its lab-on-a-patch platform, integrating “DNA-based biosensors with microneedles…
Brisbane-based nanomaterials company Graphene Manufacturing Group has raised gross proceeds of C$5 million (approximately $5.6 million) through a sale of 5,555,556 units at C$0.90 (approximately $1.) According to a statement from the company on Wednesday, it has entered into an agreement with Red Cloud Securities as sole underwriter and bookrunner, with Red Cloud purchasing the…
Hazer Group announced on Monday it had raised $10 million through a placement and share purchase plan to drive commercialisation of its methane pyrolysis technology for clean hydrogen production. The Perth-based technology company successfully raised $8 million from existing and new institutional and sophisticated investors through a placement at 31 cents per share, representing a…
Bio-Gene Technology Limited announced on Monday it has successfully secured $2.1 million from sophisticated and professional investors, giving its insect-fighting arsenal a significant financial boost. The company isn’t just creating another bug spray for your kitchen cabinet. Bio-Gene is developing insecticides based on compounds found in nature that can outsmart resistant pests. Around 40 per…
Australian shipbuilder Austal announced a A$200 million institutional placement on Monday to fund expansion of its Alabama shipyard, positioning the company for growth in US defence contracts. The capital raising will partly finance the Final Assembly 2 (FA2) infrastructure project at Austal’s Mobile facility, a strategic site for the US Navy. The expansion includes a…
Iondrive has announced a $6.1 million raise, before costs, which it says will be used for building and running a pilot plant using its novel battery recycling method, progressing industry collaborations in the key European Union and United States markets, and for general working capital. In a statement to the ASX on Tuesday, Iondrive said…
Changes made to Austal’s board Perth shipbuilder Austal has announced two changes to its Board of Directors. After serving six years as a non-independent director, Chris Indermaur will not seek re-election at Austal’s upcoming AGM and will retire. Austal has appointed experienced international finance executive and board member Brent Cubis as a non-executive director (NED).…
Electric vehicle charger manufacturer and fleet management specialist EVOS Energy is seeking an additional $6 million from investors, having already completed a $4 million raise from existing investors. The latest $10 million funding round, once completed, will fuel growth in the company’s sales and marketing teams selling their locally designed and manufactured EV chargers. The…