After another busy week, a number of Australian startups have raised capital. iSeekplant raised $1 million, while Beat the Q Posse Group raised $5 million and HotDocs secured $2.2 million in a round led by AirTree Ventures. Also this week, Adidas acquired Austrian fitness startup Runtastic, and IBM acquired Merge Healthcare for $1 billion.
This week saw some big deals take place around the startup world, with messaging platform Viber acquiring Israeli social gaming startup Nextpeer, GitHub raising $250 million, and Dutch startup Catawiki raising $82 million. Closer to home, Brisbane startup GO1 has raised $1 million from Steve Baxter and Tank Stream Ventures as it prepares to graduate from Y Combinator’s Summer 2015 program.
Brosa, an 18-month-old company connecting customers directly to furniture designers and creators, is looking to end young Australians’ love affair with cheap flatpack furniture that’s made Ikea so successful.
Sydney-based startup Expert360 has raised $4.1 million in an oversubscribed round led by Frontier Ventures, with investors including former Macquarie Bank Managing Director, Allan Moss AO, rampersand, as well as other institutional investors and existing shareholders across Australia, the US and Europe.
At the end of another busy week, Match Group has added to its stable of dating platforms through its acquisition of PlentyofFish, while fantasy sports startup FanDuel has raised a $275 million Series E round. Closer to home, CargoHound round a $800,000 seed round, while Oneflare raised $3 million.
It’s been another busy week for startups around the world. Locally, Sydney recruitment startup The Search Party acquired JobAdvisor, while in China Uber rival Didi Kuaidi has raised $2 billion.
Stockspot has been one of Heap brothers’ flagship investments, one that has seen steady growth since it first launched into the Australian market.
Three years ago, Gourley and a number of partners established a socially-conscious business and through that experience, Gourley learnt a lot about creating a profitable venture that also made a social and environmental impact. This was one of the main reasons he created the recently announced $100 million Impact Investment Fund.
It was announced yesterday that Lodgify, a startup that allows users to create their own vacation rental sites closed a €600,000 (AU$844,646) seed round led by angel investor Chris Hitchen, who also happens to be a venture partner at Square Peg Capital’s office in Germany, as well as Howzat Partners and Venrex Investment Management.
Businesses are increasingly using contingent workers to save on labour costs. This trend coincides with an increasing desire for flexible work options. But, without a system in place, managing contingent workers is arguably more difficult than managing in-house workers. This problem inspired the founding of Rision, a Melbourne-based tech company that offers everything a business needs to source, recruit, manage and support contingent workers.
It was announced this morning that Sydney based startup Airtasker has raised a further $6.5 million in capital in order to ramp up its product development, engineering efforts and customer support services, as well as prepare for a number of ‘large scale projects’ that will take place later this year.
Indian startup Freshdesk has just announced a $50 million Series E round and plans to expand its operations in Australia.
Australian founded graphic design marketplace 99designs has just announced the closing of a $10 million Series B round led by Recruit Strategic Partners, the Silicon Valley-based venture capital arm of Japan’s Recruit Holdings Co.
The rhetoric this week was that Neopost’s sizeable investment of $50 million into Brisbane founded freight quoting and booking startup Temando, was a coup for the Australian startup. I couldn’t disagree more.
On the 24th of this month Rewardle had a trading halt it was because the company was looking at raising a further $3 million in capital.