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VC gets the chop at NAB, PsiQuantum gets massive mark-up with new funding in a coup for the federal government. Scale makes its first close on a female-focused founder fund, and OS launches a VC-backed startups job board.
OS Weekly
Led by Forerunner Ventures, the round is Australia's largest woman-led Series A this year and will fund the US expansion of its companion robot, Abi, into the aged care sector.
Series A
+1
Backed by Google's AI-focused seed fund, meet the RevOps platform founded by second time founder aims to make data enrichment effortless with natural language and "agentic AI."
Capital Raise
SPVs on the surge as tokenised equity shakes up secondaries; Blackbird/Airtree miss women-founder targets; Rokt hits $7.2b; Birchal lifts fees and gets lean; Airwallex & Atlassian buy; Nutromics/Aether/Litmaps raise; Samsara opens first ever plant!
Alternative VC funds are on the rise, marking maturity in the sector. Sydney Startup Hub closes and Tech Central Innovation Hub doesn't have an operator yet, but OpenAI is arriving to Australia with a Sydney Office!
A big week with the launch of the first secondaries fund for VC LPs, another valuation increase for Canva, the announcement of Startmate's winter cohort, and six new capital raises.