It’s Thursday. And Redbubble’s probably looking forward to the weekend more than most. 1. Bubble bursts Just seven weeks ago, ASX-listed online marketplace Redbubble (ASX: RBL), which sells t-shirts, mugs and art by independent artists, was on a high, announcing a 37% revenue jump for Q1 FY20, and massive turnaround in its profitability on 12… Read more »
Nearmap CEO Dr Rob Newman. Sydney-based Nearmap has bought US technology startup Pushpin, a deep learning and analytics technology venture, to expand the services it offers with its aerial imagery. The cost of the deal was not disclosed by the ASX-listed geospatial mapping tech company, which operates in Australia, US and Canada. Pushpin extracts data from… Read more »
Image: Jurassic World, Universal Pictures/Amblin Entertainment The Morrison government’s response to the ACCC’s concerns about the market power of Google and Facebook include $27m to the competition watchdog to boost monitoring and enforcement against the tech giants A voluntary code of practice, overseen by the ACCC, to address bargaining power imbalances between the tech companies… Read more »
Hello Wednesday. 1. Cloud concern Surveys, for the most part, are how a company’s marketing department finds something to say when they have nothing to say, but when this analysis from British commercial property experts Savoystewart.co.uk landed, looking at how business thinks about cloud computing, it did have us going woah… It surveyed 6,000 professionals… Read more »
Accountancy software venture Xero has integrated accounts payable functions on its platform with Australia’s largest business bank in move the company is calling a game-changer. Australian businesses using Xero that have NAB internet banking will be able to instruct multiple bill payments at a time through Xero and approve their bill payments anytime, anywhere, directly… Read more »
A former Goldman Sachs banker is hoping to could change the lives of two billion of the world’s poorest people, subsistence farmers and fishers, with an app. Brisbane entrepreneur David Davies created the app as part of his philanthropic impact startup, AgUnity. He calls it a “last mile” solution for poverty-stricken communities, involving an affordable… Read more »
Entrepreneur Michael Fox, co-founder of Shoes of Prey, is back with a new venture producing vegetarian “pulled pork” and “beef brisket” made from shiitake mushrooms that’s captured the imagination of one of the world’s best chefs, Heston Blumenthal. Blumenthal, whose UK restaurant, The Fat Duck, was declared the world’s best, also has Dinner by Heston… Read more »
Global cybersecurity startup Secure Code Warrior has raised US$48 million (AU$70m) in Series B funding in a round led by US investment bank Goldman Sachs. A number of US investors, including the investment arm of IT multinational Cisco and ForgePoint Capital also joined the round alongside existing backers AirTree Ventures and Paladin Capital Group, who… Read more »
SME business lender Tyro, has decided to build the other side of its ledger following its successful float on the ASX last Friday, announcing a pilot offering term deposits for Australian businesses. The fintech became the country’s newest unicorn when it listed (ASX: TYR) at $2.75 a share, giving it a market cap of more than… Read more »
“Babe, do you think they had Pelotons in Gilead?” Source: Peloton Hello Tuesday. At least we think it’s you. Hard to tell through the smoke haze. 1. Hit the road, Jack Twitter boss Jack Dorsey is off to live in Africa for six months next year, impressed by the region’s burgeoning startup community.… Read more »
Brothers Dr Aengus Tran, and Dimitry Tran (pictured), who only launched Harrison.ai, their artificial intelligence healthcare startup, last year, have landed $29 million on debut in one of 2019’s most impressive capital raises. The round was led by Blackbird Ventures, with Hong Kong billionaire Li Ka-shing’s VC firm Horizons Ventures joining in alongside Skip Capital,… Read more »
A new code for an old SaaS brand hits the ASX today when the ShareRoot (ASX:SRO) brand retires, replaced by Opyl Ltd (ASX:OPL). Melbourne-based Opyl uses AI-assisted tech to help biopharma and health organisations collect and analyse clinical health data and user-generated content, including from wearables, apps and social media, to better understand and improve healthcare… Read more »
Non-bank lender Moula has raised $20 million in Series D equity funding to scale up its business lending. The round for the Melbourne fintech, which offers same-day, short-term loans worth $5,000-$500,000, was led by Escala Partners supported by existing shareholders Liberty Financial and Acorn Capital. Moula previously raised $30 million in 2015. Co-founder and CEO Aris Allegos (pictured above)… Read more »
SME payments fintech Tyro listed on ASX today after raising $287.2 million – $34 million more than planned in a “multiple times” oversubscribed IPO – at $2.75 a share, entering the unicorn club with a market cap of more than $1.37 billion. Tyro shares (ASX: TYR) began trading at noon today (AEDT), jumping as high as… Read more »
Atlassian boss Mike Cannon-Brookes had a nice little earner when SME payments fintech Tyro listed on the ASX at noon today. The shares soared in the first hour of trade from a listing price of $2.75 to $3.51, a 20% gain on paper for the company’s tightly held register of shareholders. By mid afternoon, the… Read more »
Canva has a new $500 million shareholder – a Sydney private equity firm that previously made a fortune from pet food 
Envato founders exit in $373 million Shutterstock deal 
Outdoor adtech startup Doohly banks $500,000 pre-Seed to speed up digital ad execution 
Breakthrough Victoria invests $37 million to lure US near-space exploration platform World View to Melbourne 
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