Episode Summary:
Headlines
To get all the links to the stories we mentioned in this episode, you can read this week’s Overnight Success newsletter
Three New Funds and Initiatives
• 66ten Fund: WEHI’s $66M fund to back biomedical innovation.
• Seedlab Australia: Secures an additional $7M from Woolworths to support food, drink, and sustainable products.
• Main Sequence’s Atmosphere: New program to transform cutting-edge research into venture-scale businesses.
Paul Bassett Launches Amplify
• Amplify aims to improve trust in democracy through events, online conversations, and sharing of evidence.
AustralianSuper Write-Off
• AustralianSuper writes off $1.1B in their Pluralsight investment, which had acquired A Cloud Guru in 2021.
Episode Sponsors:
Chapters:
00:00 Introduction and Welcome
00:28 New Fund Launches and Initiatives
06:12 Paul Bassett's Amplify
09:45 AustralianSuper's Pluralsight Write-off
12:40 Weekly Startup Raises
20:30 Interview with Gav Parry on CAST
28:00 KaaS Recommendations
30:45 Special Co-Host Announcement
31:00 Outro
Resources:
Startup Raises
• WhyHive: A $600K raise led by Skalata Ventures, making data analysis user-friendly.
• Cropify: A $2M seed round for AI-powered precision grain grading, led by Mandalay Venture Partners.
Interview
• Gav Parry - CAST
KaaS - Knowledge as a Service
Our favourite startup-relevant read, listen or watch of the week
• Gemma’s Pick: Crucible Moments (Season 2) by Sequoia Capital, featuring founders of ServiceNow, YouTube, DoorDash, and more.
• Will’s Pick: Blog on common VC scams - OpenVC.
Special Announcement
• Cheryl Mack from Aussie Angels & The First Cheque podcast will join as a co-host next week while Gemma enjoys a vacation in Italy.
Send feedback to the hosts
• Gemma on LinkedIn
• Will on LinkedIn
