Australian music licensing startup Melodie has banked $1 million in a bridging round ahead of plans for a major raise next year. The convertible note investment will form part of the 2025 round. Melodie previously raised $1 million at a $15 million valuation just over 12 months ago, and $600,000 in September 2021. Code Barrel founder Nick… Read more »
Little Birdie, the online retail marketplace developed by Catch founders Gabby and Hezi Leibovich, and backed with $30 million in pre-Seed funding from the Commonwealth Bank, has shut down. In an email sent to customers just after 5pm on Friday, May 17, the company said the retail product price comparison site has “paused operations”. “For… Read more »
New Zealand fermented proteins startup Jooules has raised NZ$1 million (A$920k) from local accelerator and investor Sprout Agritech. Jooules is among eight NZ$1m investments Sprout has made, with additional funding from partners US-based Finistere Ventures, dairy firm Fonterra and venture builder OurCrowd, as well as the Callaghan Innovation’s Deep Tech Incubator program. Other recent NZ$1m… Read more »
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Business strategy
Thinking of starting a small business? Exciting isn’t it? That was me nine years ago. I had an idea for a Registered Nurse led professional ear wax removal business using safe and gentle microsuction. In these nine years we have grown from one clinic opening four hours a week, to a nationwide business clearing the… Read more »
Funding
A recycling startup dealing with problem products, such as soft plastics, coffee pods, blister packs and vapes, has raised $1.15 million from 1014 investors in a crowdfunding campaign. Five-year-old Sydney-based RecycleSmart plans to accelerate it national expansion with the funds. In the last 12 months, RecycleSmart has doubled its customer numbers, revenue and also seen… Read more »
Climate Tech
India is now the third largest fintech industry in the world, with 1.4 billion people making 135 billion digital transactions last year. That makes it ripe territory for Australian startups, such as FootprintLab, looking to expand globally. Sydney-based cleantech FootprintLab has a product in global demand: credible, up-to-date and commercially useful carbon footprint data. Regulators,… Read more »
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