Australian quantum computing business Q-CTRL has announced the successful expansion of its Series B Funding Round to $166 million (USD$113 million) with $87.5 million of new capital. The Series B-2 all-equity funding round was led by global global late-stage venture firm GP Bullhound and saw a dramatic increase in valuation from earlier financing. Q-CTRL CEO…
Breakthrough Victoria is investing $1.7 million in agricultural technology company Number 8 Bio, joining a round led by Main Sequence Ventures and including The March Group. The investment marks a major step forward in the fight against climate change and the drive toward more efficient food production, according to a statement. Number 8 Bio has…
Quantum computing processor developer Diraq has announced an additional $7 million USD in Series A funding, bringing the total round funding raised to $22 million. The company attracted further investment from strategic investors including Main Sequence, Taronga Ventures, Uniseed and UniSuper, Co:Act Capital as funding from foundation shareholder and research partner, UNSW, Sydney. Diraq’s Series…
Textile technology developer Xefco has raised $10.5 million in its latest funding round led by Australian deep technology fund Main Sequence Ventures backing its technology to reduce textile emissions. Xefco has been commercialising its patented water-free textile finishing and dyeing solution, Ausora, aiming to create a greener supply chain for the fashion industry. Other new…
Victoria’s Container Deposit Scheme in operation Victoria’s Container Deposit Scheme is now operating, providing consumers and businesses with a 10 cent refund for every eligible drink container they recycle. Eligible containers include most aluminium, glass, plastic and liquid paperboard (carton) containers which can be returned to refund points for payment. Refunds can be given as…
Animal-free dairy manufacturer Eden Brew has reached a targeted Series A capital raising goal of $25m during its Series A capital raise, led by Main Sequence Ventures and the Victorian government. Eden Brew, which describes itself as a leading innovator in the alternative protein and precision fermentation sector, will scale the process of brewing proteins…
