Funded Startups in Adelaide
Adelaide's funded startup cohort across these 17 rounds spans deal sizes from $70K to $100M and sectors from deep-space hardware to biotechnology.
Adelaide's funded startup cohort across these 17 rounds spans deal sizes from $70K to $100M and sectors from deep-space hardware to biotechnology. Fleet Space Technologies closed the largest disclosed round in the set — a $100M Series D in December 2024 — followed by Myriota's $31M raise the same month, making Q4 2024 the most active period represented. Fivecast ($20M Series A, April 2023) and Complexica ($11M, December 2021) anchor the AI segment, while Ferronova and BiomeBank represent consecutive biotech raises across 2022 and 2023.
Early-stage activity is also visible: Enrola raised an $800K Pre-Seed in October 2024, and Kasu closed a $3M Seed round in January 2024. Several rounds — including those for Glaciem Cooling Technologies (Series B), EBottli, and Migrova — carry undisclosed amounts, so aggregate capital deployed across these companies exceeds what disclosed figures alone suggest. Round types include equity crowdfunding (Openly Australia) and debt financing (Amplified Intelligence), reflecting a range of capital structures beyond standard priced equity rounds.
Most recent rounds
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Frequently asked
What are the largest disclosed rounds among Adelaide startups in this dataset?
Fleet Space Technologies tops the list with a $100M Series D closed in December 2024, followed by Myriota at $31M the same month and Fivecast's $20M Series A in April 2023. Complexica's $11M undisclosed round (December 2021) and BiomeBank's $7M round (December 2022) round out the next tier of disclosed amounts across the 17 companies shown.
Which sectors appear most frequently in the Adelaide funding data shown here?
Artificial intelligence and biotechnology each account for two companies — Fivecast and Complexica in AI, Ferronova and BiomeBank in biotech — as does financial services with Myriota and Kasu. The remaining 11 companies are spread across 11 distinct sectors, indicating Adelaide's funded startup base is broadly distributed rather than concentrated in any single vertical.
How active has Adelaide startup funding been in 2024 and 2025?
Five of the 17 rounds closed between October 2024 and February 2025: Splose ($3M, February 2025), Myriota ($31M, December 2024), Fleet Space Technologies ($100M Series D, December 2024), Paladin Space ($70K, October 2024), and Enrola ($800K Pre-Seed, October 2024). The concentration of larger rounds in Q4 2024 is notable, with Fleet Space and Myriota together accounting for $131M in a single month.
What funding stages are represented across these Adelaide companies?
The dataset spans early through growth stages: two Pre-Seed rounds (Enrola, Migrova), two Seed rounds (Kasu, Kindship), one Series A (Fivecast), two Series B rounds (Ferronova, Glaciem Cooling Technologies), and one Series D (Fleet Space Technologies). Four companies carry a 'Series Unknown' classification, and the set also includes one equity crowdfunding round (Openly Australia) and one debt financing round (Amplified Intelligence).
Are there Adelaide companies focused on space or satellite hardware?
Two companies in the dataset operate in that space: Fleet Space Technologies, which raised a $100M Series D in December 2024 and is classified under hardware, and Paladin Space, classified under transportation, which closed a round in October 2024. Fleet Space's round is the single largest in this dataset by a wide margin.
What is the smallest funding round recorded among these Adelaide companies?
Paladin Space raised $70K in October 2024, the smallest disclosed amount in the dataset. Openly Australia's $100K equity crowdfunding round (August 2021) and Framework's $100K round (May 2021) are the next smallest. Several rounds — including those for EBottli, Migrova, Glaciem Cooling Technologies, and Amplified Intelligence — are listed as undisclosed.
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