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2026’s record funding year is halved without Firmus. Archa pivots and lands $11 million; July’s founders back Memobottle; Antler and Nicola Forrest bet big on women founders.
OS Weekly
Immersion-cooled Firmus finds its float fully submerged, Square Peg tops $1 billion across two new funds, AI compute in exchange for equity, and Airwallex backs stablecoin near-$50 million seed.
VCs take aim at the startup CGT carve-out, but tax incentives for ESVCLPs get applause, radioactive cancer treatments, Carthona bags a third unicorn, Evie the EV charging startup acquired, and six startups raise capital.
Heidi Health becomes a unicorn, Firmus locks in its $7 billion IPO timetable, and Airwallex's Jack Zhang SLAPS back at US critics while scale-ups make submissions to Parliament on AI
Victoria's Coalition wants Breakthrough Victoria wound up, and Gilmour Space is lining up half a billion before a US listing; Anthropic signs huge data centre lease in QLD.
CGT carveouts announced but still work to do. Canva is hiring for an IPO; AMSL Aero is up for sale after raising more than $50 million; and Nvidia wants 2 GW of AI factories in Australia.