News & Analysis

Queensland rocket startup Gilmour Space signs US deal that can take payloads all the way to the Moon

- December 1, 2020 2 MIN READ

Gilmour Space Technologies, the Gold Coast-based startup building lower-cost hybrid rockets for launching small satellites into low earth orbits from 2022, has signed its first international deal for launch and orbital logistics with US rocket venture Momentus. The multi-million-dollar partnership will see the two companies share launch services, with Momentus buying at least one of… Read more »

Fintech

Humm teams up with fintech Douugh for US BNPL tilt

- December 1, 2020 2 MIN READ

The former Flexigroup, now rebranded as Humm, the name of its BNPL product, is launching a US line of credit, marketed as a BNPL solution in the highly competitive US market in a joint venture with fellow ASX-listed fintech Douugh. The proposed JV will result in “Douugh powered by humm” as a “BNPL” solution involving… Read more »

News & Analysis

Airtasker’s Tim Fung backs boat rental startup Flotespace and gets aboard as an advisor

- December 1, 2020 2 MIN READ

Airtasker founder and CEO Tim Fung has invested in the boat and yacht rental startup, Flotespace’s seed round raise, and will join the company as an advisor. The size of the round has not been disclosed and involved multiple investors. Sydney-based Flotespace the ‘Airbnb for boat experiences’ is a concierge service for boat and yacht… Read more »

Funding

Corporate learning startup Elenta raises $1m seed round to lift the ROI on workplace education

- November 30, 2020 2 MIN READ

Sydney software startup Elenta has closed has oversubscribed seed round less than six months after launching, raising $1 million. The corporate learning venture, which launched in June through Antler Australia’s Sydney accelerator program. Having given the brand-new venture a $125,000 pre-seed investment, Antler followed on with the seed round, which was also backed by Black Nova… Read more »

Funding

Another Aconex co-founder has backed a Melbourne builder software startup’s $6 million raise

- November 30, 2020 < 1 MIN READ

Aconex co-founder Rob Phillpot has backed Melbourne-based builder software company Buildxact in a $6 million raise, 12 months after his fellow co-founder became an investor in the nine-year-old startup. Jasper returned to back the latest round. Buildxact creates software for residential builders for estimating and job management. The cloud platform streamlines the building process from… Read more »

Funding

AI-based dentistry startup Pearlii raises $1.25 million seed round

- November 28, 2020 2 MIN READ

Melbourne-based tech startup Pearlii, a world-first dental app for check-ups, has raised $1.25 million in seed investment from some of Australia’s most prominent investors, including Roger Allen and Justin Liberman. Founder and CEO, Dr Kyle Turner has developed artificial intelligence technology to scans a Pearlii user’s dental photos to check for common problems such as… Read more »

News & Analysis

Australian-designed electric air ambulances are set to hit the sky by 2023

- November 26, 2020 2 MIN READ

Sydney startup AMSL Aero has built a battery-powered Vertical Take Off and Landing (eVTOL) aircraft with a cruising speed of 300kmh that could hit the skies as an air ambulance in 2023. The Vertiia eVTOL prototype, developed in conjunction with University of Sydney researchers and Australian aeromedical company, CareFlight, can travel at twice the speed… Read more »

News & Analysis

One of the internet’s inventors backs Google in its fight over paying Australian media for news

- November 26, 2020 2 MIN READ

US tech pioneer Vint Cerf, the man dubbed “father of the internet” for his work co-designing TCP/IP protocols, has backed his employer, Google, in its fight against the Australian government’s plans to make tech giants Google and Facebook pay media companies for using their content. Cerf, who has worked for Google as a vice president and… Read more »

News & Analysis

Victoria’s budget has $186 million for startups, including $10m for angel investment in female founders

- November 24, 2020 4 MIN READ

Female startup founders in Victoria will have access to $10 million in angel investment under a new fund announced in the state budget today. Treasurer Tim Pallas allocated $10 million towards the Women Founders Angel Sidecar Fund while hoping it will unlock a further $30 million in private sector equity. The funds are part of… Read more »

ASX

Enterprise SaaS veteran TechnologyOne had a bumper 2020

- November 24, 2020 2 MIN READ

  Underlying Profit Before Tax of $86.1m, up 13%  Revenue of $269.8m, up 12% SaaS Annual Recurring Revenue of $134.6m, up 32% Total Dividend of 12.88cps, up 8%  Coronavirus has been kind to enterprise software company TechnologyOne (ASX: TNE), with the country’s market leader announcing its annual results to September 30 today with revenue, underlying… Read more »