Australian design giant Canva has a staggering new valuation of US$15 billion (A$19.6bn) following a fresh US$71 million (A$93m) investment. That figure more than doubles the company’s last A$8.7 billion valuation in less than 12 months following an A$87 million raise in June 2020. In just 18 months, the privately-owned design startup has more than… Read more »
Batch Brewing Co, from Sydney’s Inner West, has raised $1.5 million in an equity crowdfunding raise through Equitise just a day after the campaign went public. With a day of the two-thirds of the funds already pledged on the day the campaign opened, it closed fully subscribed just after lunch on Good Friday. The raise… Read more »
It’s Thursday and the end of the week. Have a good Easter, stay safe and catch your breath. Don’t forget to tune in for the Startup Daily show on Ausbiz.com.au every weekday, 2-2.40pm. Watch online, download the ausbiz app or via 7Plus. Here’s today’s tech news. Deliveroo’s leftovers Like a meal served cold, UK food delivery business Deliveroo’s IPO… Read more »
The stellar rise on buy-now-pay-later fintechs on the ASX appears to have halted, with market leaders such as Afterpay falling briefly below $100 a share in trading today amid a three-month low for BNPL stocks. Afterpay (ASX: APT) ended the day up slightly at $101.50, but remains a long way off its mid-February high of… Read more »
Welcome to Wednesday and the second-last working day of the week ;-). Don’t forget to tune in for the Startup Daily show on Ausbiz.com.au every weekday, 2-2.40pm. Watch online, download the ausbiz app or via 7Plus. Here’s today’s tech news. Visa goes crypto Credit card giant Visa is embracing cryptocurrencies, announcing it will use USD Coin (USDC), a stablecoin backed… Read more »
Happy Tuesday all. And a very happy first anniversary to our colleagues at ausbiz.com.au who, on this crazy and uncertain date 12 months ago, launched a tech startup that brought Australian business news into the digital era with a brand new TV streaming service. Congrats gang. It’s great to have both watched and experienced the… Read more »
As Australia’s startup sector matures, is it becoming a more attractive alternative for talented people in terms of career and pay. But do you still need to go down the corporate path first to advance your career and build up a nest egg, in order to have a buffer and Plan B escape ahead of… Read more »
Blackbird Ventures has long admired Australian tech giant Atlassian’s approach to giving back, so when the venture capital firm first heard about Pledge 1% through the Atlassian Foundation, they jumped at the chance to be part of it and help change the world for the better. Joel Connolly, head of the Blackbird Foundation, said the… Read more »
Welcome to Monday and the latest tech news. Nine cyberattack TV and newspaper empire Nine Entertainment Co has called in the federal government’s global threats intelligence organisation, the Australian Signals Directorate, after an apparent cyber attack took down its broadcasting systems on Sunday. The hack stopped the Weekend Today program going to air. The… Read more »
Sydney video startup Vloggi has raised a second tranche of $500,000 in a pre-seed capital raise – for a total to $750,000 – in a round that values the company at $3.3 million. The venture is now looking to a seed round of $1.5-2 million in July this year. Ten of Vloggi’s 15 founding investors… Read more »
The company behind pets marketplace Mad Paws listed on the ASX on Friday and its shares ended up 20% at $0.24 cents when the market closed, having jumped 54% in early trade. The IPO raised $12 million at 20 cents per share for a market cap of $42.9m at listing. The listing was more than… Read more »
Happy Friday and congrats on making it through another working week House hustle Real estate is one of the world’s oldest hustles in the world, so we were intrigued by a Forbes profile on US startup Pacaso, which is basically a share holiday house platform. Just five months old, it’s already claiming… Read more »
Melbourne-based social media venture Linktree has tapped the market for more cash, just five months after its A$15 million series A, raising another US$45m (A$59m) in a Series B The round was co-led by European VC Index Ventures, and New York’s Coatue. AirTree Ventures and Insight Partners returned as investors with a Who’s Who of… Read more »
G’day all and happy Thursday. Here’s the latest news from around the traps. Humming along Humm (the BNPL formerly known as Flexigroup) hasn’t been the sexiest of fintechs, and has been largely ignored by investors for stocks such as Afterpay and Zip. But in releasing results today Humm’s (ASX: HUM) CEO Rebecca James argues… Read more »
Rocket Lab launched satellites by two Australian companies and one for UNSW from its Launch Complex 1 in New Zealand this week. Internet of Things nanosatellites from Adelaide’s Fleet Space Technologies and and Myriota were among several payloads on the Electron booster rocket as part of a mission titled “They Go Up So Fast”, which… Read more »
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