A Cloud Guru co-founder and CEO Sam Kroonenburg is pouring some of the proceeds from his London-based startup’s $2 billion exit last year into local tech companies after signing on as venture partner with SecondQuarter Ventures. Kroonenburg, who founded his online learning business with his brother Ryan in 2015, landed one of 2021’s biggest M&A… Read more »
Age Up Health has secured investment from the Alice Anderson Fund, LaunchVic’s $10 million VC fund for female entrepreneurs. The fund offers up to $300,000 in matched capital to early-stage startups. Age Up, which launched in March 2020, provides home care packages to help elderly people stay in their homes, taking the sector into the… Read more »
The Commonwealth Bank is expanding its children’s banking products with a new digital app as part of a wider digital strategy announced by CEO Matt Comyn. The range of initiatives the bank launched include a new low interest digital home loan at 2.14% for owner-occupiers. It’s also adding the CommSec share trading app to the… Read more »
Enterprise software startup Clear Dynamics has raised $35 million (USD$25 million) in Series B funding. The round was co-led by Colinton Capital Partners and OIF Ventures, alongside new investment from family offices and private investors. The Melbourne venture, which has seen its customer base grow four-fold in the US and Australia over the last year… Read more »
Sydney-based voice communication platform, Curious Thing has raised $7 million in pre-series A funding. The round led by private investment firm Hawkstone, supported by Blacksheep Capital and January Capital, with existing investors, Westpac’s VC fund Reinventure, and Qualgro, returning after backing a $1.5 million round in 2019. The cash injection will be used to help the… Read more »
An Indigenous Australian Army veteran who’s build a successful tech startup over the last six years has spun out a cybersecurity company with the ambition one day launching it on the ASX. Kieran Hynes is a Worimi man from the Newcastle region who spent 13 years as an Army officer, dealing with military tech, from… Read more »
Every week on the Startup Daily TV show, we talk to more than two dozen founders, CEOs, investors and experts about what’s happening in tech. Now you can catch the best of the show with the weekly podcast, SUDS. It’s been a tough week for tech stocks and crypto, as well as investors, with US VC… Read more »
Managed property fund EG is planning to raise $100 million for its proptech incubator EGX, as it looks to transform the real estate and property sector. Launched last year, EGX already has a portfolio investment worth $100 million and backed three startups, Willow, Reveal and FLNT, EGX provides Seed and Series A funding to founders… Read more »
A hackathon offering up to $10,000 for a startup ideas that tackle climate change via space will be held in Canberra next month. SpaceHack, on June 16-17, is a collaboration between the Canberra Innovation Network (CBRIN) and UNSW Canberra. Participants will have 30 hours over the two days to collaborate and compete for cash prizes… Read more »
US venture capital giant has once again backed online used car platform, Carma in a US$52 million (A$75m) Series A round. General Catalyst Partners led the round. MD Adam Valkin will join the Carma board. The US VC’s other local investments include Canva, BigCommerce and Buildkite Other international venture investors joining the round include Entrée Capital… Read more »
Food delivery tech company DoorDash has signed a pioneering agreement with the Transport Workers’ Union (TWU) that sets out safety and fairness standards for gig workers. Amid ongoing legal battles by global tech companies over the employment status of gig economy workers, the first-of-its-kind agreement between an Australian union and a delivery platform sets out… Read more »
It’s been a big week for former The Bachelor star and fitness advocate Sam Wood, who last week welcomed the birth of his third child and sold his fitness app ‘28 by Sam Wood’ in a $71 million (US$50m) deal with Melbourne tech company myDNA. Wood, 41, had his third daughter, Harper, with wife Snezana… Read more »
The federal government has awarded Queensland rocket company Gilmour Space Technologies $15 million to develop and launch a new sovereign surveillance satellite as part of a $7 billion ramping up of the nation’s space capabilities. Defence Minister Peter Dutton said the partnership with the Gold Coast tech company is part of the government’s Space Command,… Read more »
Victorian startup agency LaunchVic is offering grants of up to $2 million to support accelerator programs for local founders. Applications for the grant program are now open for experienced accelerator program providers to deliver either generalist or sector-specific programs over the next three years. LaunchVic CEO Dr Kate Cornick said the need for tailored support,… Read more »
Brisbane licensing marketplace Layer has raised $3,888,888 in Seed funding The round was led by Carthona Capital, with support from Aura Ventures, TEN13, Flying Fox, Black Sheep Capital, LUXEM, Tribe Ventures and several angels, including Go1 co-founders Chris Eigeland and Vu Tran. Layer’s marketplace connects games with leading rights holders including Bruce Lee, Narcos, CareBears,… Read more »
Startup and tech leaders welcome Labor’s win and outline what they want from the government
Agriculture carbon reduction startup Regrow Ag plants $50 million Series B
Canva cracks top 5 in CNBC’s Disruptor 50 list for the best companies changing the world
Digital twin startup Neara builds $20 million Series B
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