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Funding roundup: Double mega capital raises this week

Main Sequence raises $450m for fund III, hits $1b milestone

Main Sequence, the Australian deep tech investment fund founded by CSIRO, has reached a significant milestone by raising $AU450 million in the first close of its third fund. With this, the fund has surpassed managing over $AU1 billion in total funds. It received strong support from institutional funds, wealth groups, and climate investors.

The fund focuses on backing companies aligned with Australia’s national priorities and has already supported 53 companies, creating over 2,100 jobs. Main Sequence emphasizes decarbonization and critical technologies like cybersecurity and quantum computing. Its unique “Venture Science” model drives innovation and addresses global challenges.

Silicon Quantum Computing raises $50 mil series A round

In the face of a challenging venture funding landscape, Silicon Quantum Computing (SQC) has successfully secured $50.4 million in its Series A funding round, a notable achievement after initially aiming for $130 million.

The funding was supported by existing investors, including the Australian government, Telstra, the Commonwealth Bank, and the University of New South Wales.

Additional US$2.6 million in VC funding for Q-CTRL

Q-CTRL has secured an extra US$2.6 million (A$3.83 million) in venture capital funding, bringing the total raised for its long-running Series B round to an impressive US$54 million (A$80 million).

Cartelux adds TEN13 and QIC as investors

Cartelux, the adtech software company based in Sunshine Coast, has revealed significant investments from TEN13, a prominent Australian venture capital firm, and the Queensland Government through Queensland Investment Corporation (QIC).

The AUD $3 million post-Seed investment will fuel Cartelux’s ongoing expansion, enabling the development of cutting-edge software solutions for the advertising sector and facilitating its entry into new market segments.

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Yajush Gupta

Yajush Gupta

Yajush is a journalist at Dynamic Business. He previously worked with Reuters as a business correspondent and holds a postgrad degree in print journalism.

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