Treasurer Josh Frydenberg unveiled the full picture of the Morrison government’s 2021 budget tonight, following a series of headline announcements over recent weeks. Among the key details of a Coalition government that previously sought to hammer the Labor opposition over its deficit budgets during the GFC a decade earlier was the fact that the budget… Read more »
Entrepreneur Cyan Ta’eed has called time on the social enterprise she’d poured her heart into over the last three years, Hey Tiger, because she was unable to make the business financially sustainable. Hey Tiger produced a range of flavoured chocolate bars, and sought to shine a light on a range of social issues in the… Read more »
While plenty of investors wanted in on the ASX listing of tech-based labour hire and recruitment company, Hiremii, which raised $6 million at 20 cents a share in an oversubscribed IPO, it seems plenty also wanted out today. The Perth-based company’s share price tanked more than 25% on the opening day of trade to close… Read more »
Welcome to Budget Day! Here’s what we’ve spotted in tech from around the world. Pedalling backwards Covid craze bike business Peloton dropped its Q3 earnings late last week, and the numbers are impressive, with Q3 total revenue up 141% to US$1.2 billion, digital subscriptions rising 404% to around 891,000 for the quarter and total members… Read more »
ASX-listed payments platform Tryo (ASX: TYR) is spending $22.5 million to acquire NAB-backed digital health payment startup Medipass Solutions The deal gives an exit for the four-year-old Melbourne-based startup’s key investor, NAB Ventures. Founder Peter Williams and CEO Jonathan Davey will also sell their stakes, in the 100% acquisition by Tyro, but will remain with… Read more »
Fintech Athena Home Loans has raised $90 million in its latest funding round. A range of previous investors returned for the series D, led by Square Peg Capital, including AirTree Ventures, Macquarie Bank, superannuation funds AustralianSuper, Hostplus, and Sunsuper, plus Salesforce Ventures, and Apex Capital. Athena previously raised $70 million in a series C in… Read more »
Happy Monday! And welcome to a special Elon-gated edition of the guide. Musk unmasks Tesla boss Elon Musk chose legendary US comedy show Saturday Night Live to reveal he has the high-functioning autism spectrum disorder Asperger’s syndrome, saying he was the first person with the developmental disability to host the show. “Look, I know I… Read more »
Competition regulator the Australian Consumer and Competition Commission (ACCC) is applying to the Federal Court to appear as part of a local legal battle between Fortnite maker Epic Games and Apple over control of the App Store. Epic has filed an anti-competition complaints against Apple in the European Union, UK, US and Australia over App… Read more »
Social media and online community management specialist Quiip had a busy 2020, stepping up its commitments to social and environmental responsibility, despite the challenges the coronavirus pandemic presented. Quiip had become B Corp certified in 2018 – one the first 300 Australian companies to do so – to balance its profit with purpose. CEO Alison… Read more »
Australia’s technology workforce grew by 4.3% – 33,400 jobs to 805,525 – and is set to add around 300,000 more jobs over the next five years according to the 2021 edition of the ACS Australia’s Digital Pulse report. That growth in tech jobs, to 1.1 million, is set to outstrip the nation’s broader labour growth… Read more »
As the number of coronavirus in India surpassed 20 million this week, resulting in more than 220,000 deaths, a group of leading Australian tech and investment companies, led by Canva, have stepped in to launch a fundraising campaign to get much-needed medical supplies to the nation. Canva, in collaboration with SafetyCulture, Airtasker, Blackbird Ventures and… Read more »
The past 12 months changed the way startup founders think about working. As startup leadership team turn their attention to solving the problem of how they’ll manage a return to the office, a key question is how to tackle challenges such as scaling up your business quickly and with flexibility. Co-shared offices are not new,… Read more »
The federal government revealed some of its budget plans this week with prime minister Scott Morrison and treasurer Josh Frydenberg announcing a $1.2 billion Digital Economy Strategy. The headline figure is not as impressive as it initially sounds, with that figure spread out over six years rather than the usual budget stretch of four. And… Read more »
Data exchange startup Data Republic has been placed in voluntary administration after seven years and raising more than $30 million from prominent investors including ANZ, Westpac’s Reinventure, NAB Ventures, Singtel Innov8, Qantas Loyalty and Singapore Airlines. Founded in Sydney by Paul McCarney and Danny Gilligan in 2014, the business had expanded to have offices in… Read more »
Innovative Australian food and agri startups have the chance to showcase their businesses on the world stage through the international FoodBytes! Pitch program, which is currently open for applications. FoodBytes! is global agribusiness bank Rabobank’s food and agriculture innovation platform – designed to drive collaboration between startups, corporate leaders, investors and farmers as part of… Read more »
Daily startup news and insights, delivered to your inbox.
