Renewable Metals team, from L-R: Luan Atkinson (CEO), Mark Urbani (Co-Founder, CTO), Gary Johnson (Co-Founder), Peter Beaven (Chair of the Board), Ben Lindsay (Investible), Nick Vines (Co-Founder). Source: supplied
Australian startup funding is off to a solid start in October, with more than $33 million raised by four startups this week, across sectors including precision fermentation, battery recycling, cooling solutions and security compliance.
Take a look at four Australian startups that raised fresh capital this week.
Eden Brew: $24.4 million
Eden Brew co-founder and chief Jim Fader. Source: supplied.
Precision fermentation startup Eden Brew will move its headquarters from Sydney to Melbourne, after raising $24.4 million to further scale its efforts to bring animal-free dairy products to consumers.
The Series A round, led by CSIRO’s Main Sequence, has attracted some high-profile investors, including Paralympic gold medallist Dylan Alcott, musicians Bernard Fanning and Angus Stone, and musical industry entrepreneur Paul Piticco.
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