George Kenley, Dean Freestone, Mark Cook
Business

Breakthrough Victoria-backed epilepsy medtech Seer Medical placed in voluntary administration

- January 7, 2025 4 MIN READ

Troubled Victorian medical device startup Seer Medical has been placed in voluntary administration amid a product recall and legal battle with its ousted cofounder. Lindsay Bainbridge and Andrew Yeo from Pitcher Partners Melbourne were appointed administrators on January 6 following a pre-Christmas board meeting where the medtech’s directors voted to hand over the books. Pitcher… Read more »

Business

Tiger Global and Blackbird-backed AI-powered retail startup Hivery placed in administration

- November 12, 2024 2 MIN READ

Sydney retail technology startup Hivery was handed to administrators last week after nine years and nearly $63 million in venture capital. The books for Red Analytics, trading as Hivery, were handed to Christopher Johnson and Andrew McCabe at Wexted Advisors in Sydney on November 6. A first meeting of creditors is scheduled for Friday, November… Read more »

Business

Crowdfunding platform Equitise placed in voluntary administration

- November 7, 2024 3 MIN READ

Crowdfunding platform Equitise has been handed to voluntary administrators after cofounder Jonny Wilkinson failed in his own attempts to raise a $500,000 bridging round. Administrators Damien Mark Hodgkinson and Mohammad Mirzan Bin Mansoor from Sydney firm Olvera Advisors were handed the books on October 31. An initial creditor’s meeting will be held on November 12.… Read more »

ASX

End of story: ASX-listed online retailer Booktopia hits voluntary administration

- July 3, 2024 2 MIN READ

Online retailer Booktopia has been placed in voluntary administration less than four years after listing on the ASX. Shares in the Booktopia Group (ASX:BKG) had been suspended since mid-June after admitting the business had liquidity issues and sought funding for redundancies and working capital. McGrathNicol restructuring partners Keith Crawford, Matthew Caddy, and Damien Pasfield were… Read more »

Adrian Knack
Business

Queensland renewables startup Redback Technologies placed in voluntary administration

- March 11, 2024 < 1 MIN READ

Brisbane solar battery startup Redback Technologies has handed its books to voluntary administrators. McGrathNicol were appointed administrators of Redback Operations Pty. Ltd on March 5, as the company was in Sydney exhibiting at the Smart Energy Expo. Redback continues to trade as the administrators seek expressions of interest for the sale or recapitalisation of all… Read more »

piggy bank broken
Business

B2B BNPL BizPay, which hoped to list at a $400 million valuation, has been placed in voluntary administration

- November 28, 2023 2 MIN READ

Invoice payment buy now pay later (BNPL) fintech BizPay was placed in voluntary administration last week Jonathon Keenan and Peter Krejci from BRI Ferrier were handed the books as administrators on November 23. The company’s website says no new loans are being issued while a restructure is being explored. Ironically for a fintech offering a… Read more »

Laura Keily
Business

Legal disputes startup Immediation placed in voluntary administration after raising $19 million in six years

- November 2, 2023 2 MIN READ

Online dispute resolution platform Immediation was placed in voluntary administration last week, seven months after the startup’s founder and CEO departed amid a $2.8 million capital injection. Joanne Dunn and David McGrath from FTI Consulting were appointed administrators to 3 Australian entities: Immediation Pty Ltd (the head company), Immediation Platform, and Disputech IP Holdco, on… Read more »

Nourish Foods cofounder Monica Meldrum
Business

Nourish Foods is up for sale after being placed in voluntary administration

- September 6, 2023 2 MIN READ

Nourish Foods Pty Ltd, the parent company of organic children’s food brand Whole Kids, has been placed in voluntary administration, just months after it failed to raise $1 million via crowdfunding.   The 18-year-old B Corp-certified family business is now being put on the market by administrators Tim Heesh and Mark Everingham of TPH Advisory after… Read more »

Sans Drinks founder Irene Falcone
Business

Last drinks: Nourished Life founder’s latest startup, Sans Drinks, placed in administration

- July 25, 2023 2 MIN READ

Nourished Life founder Irene Falcone’s latest startup venture, Sans Drinks, has fallen victim to the challenging retail environment, with the business handed to administrators. Jirsch Sutherland partner Andrew Spring was appointed administrator of The Non Alcoholic Drinks Co Pty Ltd, trading as San Drinks, on July 17. Spring said it was “still early days in… Read more »

Everledger founder Leanne Kemp
Business

Brisbane blockchain provenance startup Everledger placed in administration after funding evaporates

- May 9, 2023 2 MIN READ

Blockchain provenance startup Everledger has been placed in voluntary administration after an existing investor failed to follow through on the 2nd tranche of their funding. The Brisbane tech company, founded in 2015 by former Queensland chief entrepreneur Leanne Kemp, offers supply chain traceability using blockchain, artificial intelligence, intelligent labelling and Internet of Things. They were… Read more »