Galileo Ventures has raised $15 million toward a $30 million second fund, with its partners saying the AI boom has changed what counts as a fundable pre-seed company.
Australia’s largest venture firm has closed its sixth fund with more than $1 billion in commitments, putting it within reach of breaking its own record for Australia’s largest VC raise.
Just as Canva’s USD42 billion valuation was being openly questioned by influential investors abroad, major backer Blackbird and Airtree marked their holdings down by 17%.
The Auckland deep tech startup has big backing for its plan to produce a reusable satelitte capsule to carry pharmaceutical, biotech and advanced materials into orbit — and back again.
Australian venture capital may be awash with dry powder, but new data shows fewer startups are getting funded as investors raise the bar and back bigger rounds.