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Hey, I'm Will from Overnight Success. I'm passionate about startups, in particular those from Australia!
The steaks have never been higher: Halter hits $2.9B valuation for fenceless cow herding. Plus, Canva makes its 6th acquisition in 2 years as it expands into digital outdoor marketing to combat AI design tools.
OS Weekly
OpenAI say's G'day to Aussie startups, Robyn Denholm wants to reform R&D incentives, Blackbird reports on their valuation method and Australian MedTech's bringing hardwear into market.
Brain tissue computer chips, Canva AI more popular than Claude, Euc's acquirer drops lawsuit. Plus a new $15M pre-seed fund, and meet the driverless boats protecting Australia.
What is the average wage at a scale-up? What about the gender pay gap? I've dived into the numbers and revealed all across several scale-ups. And meet the startup combining quantum computing and human brain tissue, or the 3D printed Aussie rocket that could hit MACH 12
Eucalyptus acquisition broken down. Canva and Heidi go shopping. Plus, Blackbird tips in to a SF based inference company valued at $5B!
Australia's 3rd unicorn in 2026!! Defence Tech is getting plenty of federal love. Startmates S26 cohort announced, and plenty of changes at accelerator programs and the Tech Council of Australia.
A new unicorn arrives! StrongRoom saga continues, quantum developments and a new OS newsletter launches next week helping investors and founders find eachother. Plus a heavyweight Aussie VC weighs in on the softwear is dead debate.
Square Peg has a new fund, meet the Aussie founders revolutionising computer chips with sound waves, Cut Through Venture 2025 report is out, and we've read it!
plus, a TL;DR.
Deep Dives
+1
After a decade overseeing the growth of over 3,000 startups and $4.2 billion in capital raised, Chris Kirk prepares for a "planned and considered" exit as the organization scales into Sydney’s Tech Central.
Ecosystem News
Our VCs have never had more dry powder, but what does a founder need to do to get some? Tennis Australia leads the way in innovation, Clipboard acquired for 10x return and meet the founder giving away products for free.
Airwallex vs the financial crimes watchdog. Australia has a new space unicorn. We ask: will AI kill SaaS? And find out how one Aussie founder obsessed over a single interaction to scale to 2.5M users.
Airwallex vs the media, Sendle shuts down as three-way merger goes bad, SXSW Sydney is cancelled, Waymo eyes Sydney for autonomous taxi service and Aussie exits hit $3.5bn last year in a return to the good times.
2026 is here! Employment Hero drops its case against Seek, Euc focuses on women's weight loss rather than men's longevity, and Origin Energy gets a huge mark-up on a strategic investment. Plus, all the capital raises announced over the break.
A playback of the top ten most iconic moments of 2025 in Aussie startups, the CSIRO gets a shake-up, new funds hit the market and wagu beef gets an AI assistant.
Silicon, Space, and Secondaries: The most iconic moments of Australian startups.
In the sprawling logistics yards and industrial ports that keep the global supply chain moving, wandering assets are everywhere.
Building
The Australian startup is beefing up its global expansion with US$15M to prove that AI, not the human eye, should determine the value of what’s on your plate.
Series A
The second largest ever VC round in Australian startup history! LaunchVic and Breakthrough Vic to merge. AgriTech has a legislative breakthrough, plus West Tech, and Techstars host huge events and we have all the startups that pitched.
In a landscape where "Demo Days" often devolve into fundraising roadshows, Techstars Sydney Managing Director Christie Jenkins pushed for a return to engineering roots.
Tractor Ventures backs Aristotle Metadata with $400k in venture debt to scale its global data governance partner network.
Debt
Meet the autonomous boat that runs for multiweek survey missions and is controlled via Starlinks and an Xbox controller.
The new studio targets the ‘missing middle’ of education ventures, founders who want to scale without chasing the unicorn status that traditional VCs demand, and is ditching retainer cash for equity.
Electric Future acts as a one-stop shop for home electrification, trading government energy credits to slice 25% off installation costs.
LaunchVic shuts down, the Tech Council undergoes a shakeup, and Airwallex CEO Jack Zhang publicly clashes with Silicon Valley investor Keith Rabois, an early investor in Stripe. Plus, another startup hits the ASX and OS heads to WestTech!