After months of strong, sustained funding since the beginning of January, we’re having a somewhat quieter week.
But there were still four Australian startups that raised $31.9 million across clean energy, legal tech, health and construction.
MGA Thermal: $17 million
Clean energy startup MGA Thermal has secured $17 million in fresh funding as it looks to scale its long-duration thermal energy storage technology for heavy industry.
The round included backing from existing investor Main Sequence as well as IP Group Australia. It follows a $5.7 million raise by the company back in 2024.
Based in Tomago, NSW, MGA Thermal has developed an electro-thermal energy storage system that stores renewable electricity as heat in thermal blocks, which can then be released as continuous industrial-grade steam. The technology is designed to help heavy industry replace fossil-fuel heat with renewable energy sources.
The company says the funding will support the transition from pilot deployments to commercial rollout, including expanding its workforce, scaling manufacturing capacity, and delivering new customer projects over the next two years.
Mary Technology: $7 million
Sydney legal tech startup Mary Technology has raised $7 million in fresh funding as it looks to expand into the US and grow adoption of its litigation data platform among law firms.
The round was led by OIF Ventures, with participation from existing investors Sydney Angels and Empress Capital.
Founded in 2023, the company has built a software platform designed to help lawyers organise and analyse the large volumes of documents and evidence involved in litigation.
The company’s Fact Management System converts unstructured information — including discovery documents, emails, transcripts and reports — into a structured and searchable record linked back to its source material.
TMRW: $7 million
Longevity platform TMRW has raised $7 million in seed funding as it looks to expand its clinical footprint and further develop its preventative health platform.
As first reported by Capital Brief, the round was led by Tidal Ventures, with participation from Capital Zed and a group of high-net-worth investors and family offices.
Founded by former Iflix CEO Mark Britt, TMRW says it combines advanced biomarker testing with clinical care designed to help patients track and manage their biological ageing. The platform analyses more than 1,700 biomarkers to build personalised health profiles, which clinicians use to identify risks and tailor treatment plans.
Scopey Onsite: $851,000
Construction tech startup Scopey Onsite has raised $851,000 (€523,000) in pre-seed funding to accelerate development of its AI-powered platform designed to help construction teams capture and manage project data from building sites.
The round was led by UK-based SFC Capital, with additional support from Enterprise Ireland. The company was founded in Australia in 2022 and now operates across Ireland and the UK as well.
Founded by CEO Jenna Farrell and COO Gillian Laging, the platform uses AI to convert WhatsApp messages and voice notes from site crews into structured records that can be accessed and analysed by project teams. The approach is designed to help contractors better document site events and reduce disputes caused by incomplete or inconsistent information.
The company says the funding will support further development of its chat-based workflows and agentic AI tools aimed at improving documentation and decision-making across construction projects.
