Home topics news Credit: Adventus.io News News Funding roundup: May 19 – May 25 Yajush Gupta May 26, 2023 This weekly feature from Dynamic Business runs down the week’s top funding rounds from Australia and the US. Check out last week’s biggest funding rounds here. Melt Ventures raises $10 million Melt Ventures, the pioneering fund dedicated to advancing manufacturing in Australia, has successfully raised $10 million for its inaugural fund. The company anticipates raising an additional $20 to $30 million by the end of the current fiscal year. The fundraising round attracted new investors, including industry leaders such as Justin Hales, founder of Camplify, the CEO and founder of Newcastle tech firm Pegasus, and Andre Pinkowski, co-CEO of Portt, a contract and supplier software platform based in Sydney. Several family offices also participated in the funding, demonstrating their confidence in Melt Ventures’ vision. Endua secures $11.8 million to scale clean energy technologies Endua, an Australian clean energy company, has successfully secured $11.8 million in funding. This significant investment will enable Endua to accelerate developing and deploying innovative hydrogen generation and storage technologies. These advancements have the potential to deliver affordable and reliable renewable energy solutions to power communities, remote industries, and off-grid infrastructure. Notable investors contributing a combined $7.5 million in pre-series funding include Queensland Investment Corporation (QIC), Melt Ventures, and 77 Partners. Strategic co-investors, such as Main Sequence, a deep tech fund founded by CSIRO, and Ampol, the country’s largest transport energy provider, have also reaffirmed their commitment to