KPMG High Growth Ventures

📣 Less than 10 days to go to apply for KPMG Private Enterprise Tech Innovator! If you are a tech-enabled, tech-led or tech-driven startup, don't miss out on this incredible opportunity to showcase your growth ambitions. Why apply? → National and global stage: Showcase your innovation to industry experts, investors, potential partners and customers. → KPMG mentors and advisers: valuable guidance, expertise, and mentorship. → Media exposure → Gain feedback from judges → Connect with fellow tech innovators → Join a global peer-to-peer network Applications close August 7th. Apply now! Amanda Price Gabby Lee-Sinclair Kylie Little Sophie Ritchie Jodie Day Imogen Hunter Eliza De Laine Amrusha Kar Giulia Colaci Monte Quittner Arjun Agarwal 🚀 Hazel Panter Lindsay Hull Josh Geelan Remy Crick Annabelle O'Donnell

🌠 Exciting updates from our portfolio:   On 3rd July, KPMG High Growth Ventures hosted a masterclass on Transactions in Sydney. The event featured insights from Will Davies, who successfully sold Car Next Door to Uber, and Tim York from v2food. We also had the pleasure of hosting VCs like Phil Morle and Emerald Scofield from Main Sequence, and Chris Gillings from Five V Capital. We're eagerly anticipating our next event in Melbourne on 22nd August.   MILLIBEAM has successfully raised $3M in funding from two investors, Main Sequence and Breakthrough Victoria. https://lnkd.in/gnmQ4qkT   NRN - National Renewable Network has completed its $1M pre-Series A bridge funding round. https://lnkd.in/gB_GM6Kp   HydGene Renewables has been awarded a $1.125M grant from The Australian Government Department of Climate Change, Energy, the Environment and Water to work with project partner Nium. https://lnkd.in/gSvMbyMr   Tetratherix will be featured at this year’s Cicada Innovations x Tech23 festival, showcasing their disruptive approach to therapeutic delivery and regenerative medicine. https://lnkd.in/evCAGpqW   Farmed Carbon is leveraging ancient technology for future solutions and is planning to build around 20 machines with a Series A raise. https://lnkd.in/g-pMC6SQ Xylo Systems has won two awards at the Proptech Awards 2024, including Commercial Proptech of the Year and Most Innovative Proptech Startup in Environment & Energy Efficiency. https://lnkd.in/gjR4_vZV   Stay tuned for more updates!

💸 An invigorating dialogue last night! Together with the Australian Investment Council, we hosted a gathering of female founders and leaders in private capital. We delved into the pressing challenges and exciting opportunities for women-led businesses in capital raising. Kudos to the Australian Investment Council for orchestrating such a meaningful event featuring powerhouse speakers: Amanda Price, Kate Morris, Andrea Gardiner, Stacey Hannam and Navleen Prasad. For more insights, why not read Melissa Widner's latest article on "The State of Venture Capital Backed Female Founders in Australia": https://lnkd.in/gRmsCFis Sophie Ritchie Annabelle O'Donnell

Dive into Jared Lynch's latest article in today's The Australian featuring our very own, Amanda Price, sharing insights on the current venture capital-led raisings environment. “While we saw that investment increased 12 per cent for the first half of this year and this is a really good sign, I don’t think it’s going to come roaring back," Price says. “If you take Covid out and the numbers around that, where is the natural point for investment in Australia to sit?” Globally, venture capital investment soared 25 per cent to $US94.3bn, fuelled by nine $US1bn deals, which KPMG said was the largest ever in a single quarter. But overall volumes were weak, falling to 7691 – the lowest level since the third quarter of 2016. Read the full story to learn more about the current market and the challenges founders face. Matthew Koertge Titanium Ventures Blackbird Phoebe Harrop

Many senior business owners in Australia are preparing for retirement. However, we’re seeing a significant decline in young business owners as only 8% are under 30, compared to 22% aged 60 . This demographic shift has led to increased interest from investors offering alternatives to winding up or selling to competitors as search funds and investment vehicles like the Australian Business Growth Fund are emerging options. An interesting story of initiatives like Arbor Permanent Owners, who are focused on preserving the legacy of Aussie businesses, providing easy succession plans and opportunities for former startup founders who are looking for stable investments. #startup #entrepreneurship #succession

Commonwealth Bank of Australia’s venture-scaling arm, x15ventures, has announced its annual incubation program, Xccelerate, which is seeking early-stage startups with data and AI expertise. The winning startup will receive $250,000 for product development and growth, plus access to panels, mentoring, and networking opportunities. With CBS’s focus on developing AI and data capabilities to improve customer and employee experiences, this is a significant opportunity for Australian startups to partner with one of the country’s biggest financial institutes. #startup #AI #data

💡 Are you leading the charge in the next generation of tech innovation? Join us for KPMG Private Enterprise Global Tech Innovator pitch competition held in Sydney to accelerate your venture. Access the experience of KPMG mentors and advisers who can provide valuable guidance, expertise, and mentorship to help refine your innovation and navigate the challenges of scaling up your tech. Applications close August 7th. Amanda Price Gabby Lee-Sinclair Kylie Little Sophie Ritchie Jodie Day Imogen Hunter Eliza De Laine Amrusha Kar Giulia Colaci Monte Quittner Arjun Agarwal 🚀Josh Geelan Remy Crick Annabelle O'Donnell

The latest data from Cut Through Venture showed the total capital raised by Australian startups in the first half of 2024, excluding government investments, was $1.9 billion. With all-male founding teams claiming 85% of the $1.7 billion raised by local start-ups in the first five months of the year so far. Compared to 2023, total funding in the first half of 2024 increased by 30%, showing positive growth despite challenges. Read this article to hear from Australia’s funding leaders tell us how they’re feeling about 2024 so far. #startups #enterpreneurship #capitalraising

🚨 The clock is ticking! Are you at the forefront of cutting-edge technology? Time is running out to apply for KPMG Private Enterprise Global Tech Innovator competition. If your startup is tech-enabled, tech-led or tech-driven, don't miss out on this incredible opportunity to showcase your growth ambitions. Raise awareness of your innovation and your business by showcasing it on a prestigious platform to a national and global audience of industry experts, investors, potential partners and customers. Apply now: https://lnkd.in/g58_SKsn #startups #innovation #pitchcompetition #tech Amanda Price Gabby Lee-Sinclair Kylie Little Sophie Ritchie Jodie Day Imogen Hunter Eliza De Laine Amrusha Kar Giulia Colaci Monte Quittner Arjun Agarwal 🚀Annabelle O'Donnell

🦗 We're delighted to be supporting Cicada Innovations x Tech23 this year. Can't wait to watch the 23 extraordinary ventures take the stage at Australia's largest deep tech festival, on the 7th of August. Cicada x Tech 23 will spotlight the best of Australian deep ventures pushing the boundaries of science, innovation, and technology and celebrate the people with bold and big ambitions behind them. Will we see you there? https://lnkd.in/gjD2D44X #CxT3 #innovation #deeptech #startups #techfestival