One of the first challenges many people face first thing in the morning is what to wear to uni or work that day. The surprising thing, according to Mys Tyler founder and CEO Sarah Neill, is that 80% of our clothing is permanently confined to the wardrobe, leaving just 20% to do what she calls… Read more »
Share buying app Stake has raised an extra $50 million in a Series A extension 12 months after raising $40 million in its initial round. The world’s most active investor, US VC Tiger Global and DST Global Partners doubled down on the fintech in the extension raise, taking the total raised in over the year… Read more »
Vyro, the six-month-old startup looking to transform how electric vehicles are sold in Australia, has raised $1 million in Seed funding. The round was led by Ellerston Capital and Antler Australia, which delivered initial seed capital last year when Vyro was part of the Antler program. Also backing the Seed raise are several prominent angel… Read more »
Ridesharing company Uber has admitted it misled customers when it warned them of additional fees for cancelling trips and has agreed to wear a $26 million fine following action by consumer watchdog the Australian Consumer and Competition Commission. Uber has admitted that it breached the Australian Consumer Law by making false or misleading statements in… Read more »
Elon Musk has bought influential social media company Twitter for $61.5 billion (US$44 billion) after a month-long siege that saw Twitter on the brink of diluting its shares to keep Musk away. Current Twitter shareholders will be paid $75.80 (US$54.20) per share in an agreement that Musk has framed as a win for free speech.… Read more »
Melbourne flower delivery startup LVLY has been acquired by Malaysian-based Limitless Technology for around $35 million as the e-commerce group expands its footprint in Australia. The deal will see co-founders Hannah Spilva and Verity Tuck, who launched the online flowe gifting venture in 2015, pocket around $20 million. Spilva will join the Limitless board, with… Read more »
The Australian National University’s ANU Quantum Numbers (AQN), the world’s most popular and powerful online random number generator, has struck a deal with Amazon to make AQN available on AWS Marketplace. AQN has been operating out of a lab at ANU for the past decade and has had more than two billion requests for random… Read more »
As the upcoming federal election campaign moves online, digital platforms and social media are gearing up to counter the spread of misleading information online. While politicians should play a responsible role, digital platforms also have a responsibility to take vigilant, careful action to identify and address misinformation and disinformation during the Australian election campaign, according… Read more »
Hotel comparison site Trivago has been hit with $44.7 million in penalties by the Federal Court, misleading representations about hotel room rates on its website and in television advertising, in proceedings brought by the ACCC. The fine brings to an end a four-year legal battle against the Nasdaq-listed German tech company, launched by consumer watchdog the… Read more »
It started out as a simple idea that, on paper at least, seemed easy to execute: put recyclables into special bins to reduce landfill. But humans being human has turned recycling into a massive problem, with contamination – ie. rubbish – being put in recycling bins, which leads to the entire contents ending up in… Read more »
Hudled, the Sydney startup tackling problem of companies overspending on software, has hit US$100 million worth of software as a service (SaaS) spend managed on the platform. The benchmark comes just 12 months after the Hudled solution launched in April 2021. Co-founder Alex Millar said nearly 300 companies have now signed up to the platform,… Read more »
The Russian invasion of Ukraine is an internationally condemned act of aggression currently playing out in real-time which has captured the attention of onlookers globally. That this could happen in 2022, in Europe, under the unblinking gaze of millions of smartphones has shaken many of us to our core. The invasion has led to 4.5… Read more »
Most people who use Twitter have had the experience: you fire off a quick tweet, realise it contains a typo, then get annoyed you can’t click “edit” to fix it. Twitter users have been clamouring for an edit button for years. Elon Musk, who has recently been buying up shares in the microblogging platform and… Read more »
Federal government-backed capital investor the Australian Business Growth Fund (ABGF) has tipped $11 million into Sydney enterprise software company, Capsifi. Founded in 2013, Capsifi is a business architecture platform for large and complex companies to plan and manage transformation initiatives from concept through to execution. ABGF provides growth capital to Australian small-medium enterprises (SME), filling… Read more »
Business and finance streaming service ausbiz has taken on its first venture capital, with Brisbane’s Sprint Ventures backing the two-year-old startup. Sprint joins a recent round with the capital earmarked towards the development of a new video platform, creating smarter ways for ausbiz subscribers to connect with investment information, ideas and opportunities. Launched just as… Read more »
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