VOW co-founders Tim-Noakesmith and George Peppou. Photo: supplied A Western Sydney startup has joined the global race to produce lab-grown meat from animal stem cells and the NSW government is backing the project with a $25,000 grant to get it to a Minimum Viable Product. The Australian twist to the tail is that the cellular… Read more »
Edible Bug Shop founder Skye Blackburn. Photo: Megann Evans. That crunch in your chocolate bar might not be peanuts one day if the startups backed by food giant Mars are anything to go by. The confectionery and pet food producer has chosen six food-focused Australian startups for its inaugural Seeds of Change accelerator, developing iideas… Read more »
US-based office space startup WeWork released its prospectus publicly overnight. The IPO documents reveal the company is a long way from profitability and does not predict when it will be in the black. It lost AU$2.4 billion in 2018. The 10-year-old venture has 20 sites in Australia, half of them in Sydney. It is… Read more »
Australian batsman and former cricket captain Steve Smith’s run rate is already impressive, but a $100,000 seed investment in a Byron Bay startup three years ago makes him the Don Bradman of investors. That February 2016 investment, for a 10% stake in Koala Mattress is now worth $12.2 million according to the Australian Financial Review’s… Read more »
The daring dozen – Antler Australia’s cohort of 31 founders from 12 startups receiving pre-seed funding. (rear, l-r) Anish Sinha co-founder of Upcover, Ben Cooper-Woolley cofounder of SiteHive, Bede Moore Managing Partner of Antler Australia and New Zealand, Kellie Marks co-founder of SiteHive, Kailash Chandrasekaran co-founder of Upcover, Adam Ferguson co-founder of SiteHive, Nick Glynn… Read more »
More than half (53%) of small business owners are worried about being scammed Yet only a third train staff in scam awareness and prevention Australian small businesses lose an average of nearly $40,000 per scam Scams on small businesses are costing owners more than $20,000 a scam according to new research from Westpac. The… Read more »
Australia Post CEO Christina Holgate and Qantas CEO Alan Joyce Australia Post is investing nearly $2 billion to pick up the pace of its lucrative parcel delivery service, announcing a $1 billion deal with Qantas to increase airfreight capacity as parcel revenues head towards $4 billion for the postal service. The seven-year domestic and international… Read more »
Welcome to Startup Daily’s new weekly roundup of investment raises in the Australian and New Zealand startup sectors. Each Friday will give you a snapshot of the week’s investment activity. If we missed your raise, please let us know (contact details below). Order management startup Fluent Commerce raised $33 million in Series B funding.… Read more »
If you’re a founder concerned about finding the right talent for your startup and needing to search overseas, the Australian government had some good news for you this week, making a 12-month trial of the global talent visa scheme permanent. Immigration minister David Coleman announced visa scheme, now rebranded as the “global talent – employer… Read more »
Australian energy resource tech startups are being offered $2 million in matching funding through NERA (National Energy Resources Australia) NERA Chief Executive Miranda Taylor said the funding is for industry-led projects with a focus on four key areas: remote operations, robotics and artificial intelligence; unconventional gas technologies, hydrogen and decommissioning “We know collaborative partnerships between… Read more »
The Wagga Wagga winner of Regional Pitchfest, Dimity Brassil. Photo: Jobs for NSW Eleven startups from regional NSW head to the big smoke next week for three-day bootcamp at the Sydney Startup Hub. They’ll then go into a pitchfest with five chosen as finalists the Jobs for NSW Regional Pitchfest in Wagga Wagga on… Read more »
Adrienne Church, GM of Prospa NZ with founders and co-CEOs Beau Bertoli and Greg Moshal. ASX-listed small business lender Prospa is expanding in New Zealand, setting up its first local lending facility, worth NZ$45 million. Loans into NZ until now have been funded from Australia. The company says the standalone facility means around NZ$6 million… Read more »
MYOB CEO Tim Reed is stepping down after 12 years in charge of the Australian accounting software company. Reed, recently returned from holidays after the ASX delisting of the business following its acquisition in May by an affiliate of US private equity firm Kohlberg Kravis Roberts (KKR), will stay on as an advisor and… Read more »
Accounting platform Xero has revealed its keynote speakers for Xerocon Brisbane 2019, the largest accounting industry conference in Australasia. The event, at the Brisbane Convention and Exhibition Centre, September 4-5 is expected to attract more than 3,500 accountants, BAS agents, bookkeepers and financial professionals. This year’s Xerocon theme of ‘Communities of Purpose’. Keynote speakers are:… Read more »
Up to $1 in every $10 spend in retail in Australia now comes from online sales, with double-digit growth in the sector pushing total annual sales towards a $30 billion market. Australian Bureau of Statistics figures released on April 2019 revealed that Australian shoppers spent $29.23 billion on online retail over the past year, which… Read more »
Cricketer Steve Smith has turned a $100,000 startup investment into $12 million 
WeWork reveals an astonishing $2.4 billion annual loss as it pushes to an IPO 
Antler Australia just put $1.2 million into 12 startups in its first Sydney accelerator 
Atlassian became a A$50 billion company last week, just as the tech giant revealed bigger operating losses 
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