Go1, Andrew Barnes

Workplace edtech unicorn Go1 raises new funds, with Insight Partners investing, to acquire German synopsis startup Blinkist

- May 9, 2023 2 MIN READ

Brisbane workplace learning platform Go1 has stitched together an undisclosed capital raising deal to acquire German summary startup Blinkist in a deal believed to be worth $100 million. Go1 has been on a merger spree since raising $140 million on a $2.8 billion valuation in June last year. GO1 previously raised $273 million in a… Read more »

Cyber security

Investing in cybersecurity should be a ‘no brainer’ for the budget, data expert says

- May 5, 2023 2 MIN READ

Data strategy veteran Lisa Byrne from Notitia expects to see increased investment in cyber security investment in the federal budget next Tuesday, saying the move is a ‘”no brainer” for the government. Byrne argues it’s critical for small business to be incentivised to implement cyber security systems and upskill their workforce to deal with the… Read more »

Atlassian, Mike Cannon-Brookes, Scott Farquhar.

Atlassian’s quarterly revenue is up 24%, but last year’s profit has turned into a $240 million loss

- May 5, 2023 2 MIN READ

Atlassian’s March quarter revenue has grown 24% on 12 months ago to $915 million (A$1.365bn), with subscription revenue up 37% to $761 million (A$1.136bn), but last year’s US$32.9 million profit has turned into an operating loss of US$161.6 million (A$240m) for Q3 in FY2023. The US-listed (NASDAQ: TEAM) Australian workplace software giant released its quarterly… Read more »

Boundless Earth, Eytan Lenko
Climate Tech

Mike Cannon-Brookes is ramping up the climate tech founder pipeline with Startmate

- May 4, 2023 2 MIN READ

Startmate and Boundless Earth, the philanthropic venture of Mike Cannon-Brookes, have accelerated their partnership to recruit and upskill 300 new founders and operators into climate tech startups over the next 18 months.  Startmate has launched its inaugural Climate Tech Fellowship last week as part of the plan. The 8-week virtual program with Boundless Earth is… Read more »

Mercu cofounders Elliott Gibb and Jascha Zittel

Former ‘LinkedIn for blue collar workers’ startup Sample rebrands and pivots for new $2.4 million Seed raise

- May 4, 2023 2 MIN READ

The founders of Sequoia Capital-backed Sample have rebranded and changed the focus of the business, raising another $2.4 million Seed round from new investors in the process. As Sample, cofounded in 2021 by former Grab staffers Jascha Zittel and Elliott Gibb, the startup raised $920,000 in pre-Seed funding, led by Sequoia Capital India, in December… Read more »

Ben Williamson, Rhys Davies, InvestorHub

Fresh Equities rebrands after raising $4 million

- May 1, 2023 2 MIN READ

Stakeholder engagement platform Fresh Equities has raised $4 million and is changing its name as it looks to improve public company communications with investors. The round was led by Sydney VC EVP. The business has also rebranded as InvestorHub as it looks to expand into international markets such as the UK, Singapore, Canada and the… Read more »

Lance Bombardier Jarrod Logan, launches a Wasp unmanned aerial system

Australia is pouring $3.4 billion into a defence capabilities accelerator

- May 1, 2023 2 MIN READ

The federal government has earmarked $3.4 billion over the next decade for an Advanced Strategic Capabilities Accelerator (ASCA) to develop advanced military technologies. The proposal is part of the Defence Strategic Review released last week, which recommends spending $19 billion over the next four years amid more effective support for innovation, faster acquisition and better… Read more »

R&D, science

Andrew Forrest doubles down on therapeutic ecstasy biotech Emyria

- May 1, 2023 2 MIN READ

ASX-listed biotech Emyria(ASX: EMD), which is developing psychotherapy treatments using MDMA (aka ecstacy) and psilocybin (aka magic mushrooms), has raised $2.5 million in share placement backed by existing investor Andrew Forrest through the healthtech fund Tenmile, part of his private investment group, Tattarang. The $2.5 million placement was jointly led by Perth’s Sixty Two Capital… Read more »

Prof Andrew Parfitt, Victor Dominello, Prof Attila Brungs.

Former NSW minister Victor Dominello has a new university gig running tackling ethics and trust in digital life

- May 1, 2023 3 MIN READ

Former NSW digital government minister Victor Dominello has a new job after leaving politics at the March state election, signing on as the director of the university-based UNSW-UTS Trustworthy Digital Society Hub. The announcement comes on the same day Jihad Dib, the new Labor minister in charge of digital government marked Privacy Week, announcing the… Read more »