Carbar has partnered with fintech CarClarity so users can convert their subscription vehicle into a loan to purchase the car they’ve been using as a subscriber. The deal will see CarClarity compare options from more than 30 lenders to offer a loan tailored to the driver’s subscription. Carbar CEO Des Hang said they were launching… Read more »
Entries for the annual Techboard Australian Angel Awards 2022 have opened. The awards recognise the Angel investment community and the importance of Angel investment to the growth of the Australian startup and tech ecosystem. The categories for 2022 are: Most active regional Angel group for angel groups based outside of a capital city, assessed by… Read more »
Australia’s nascent sportstech sector is among the top 5 in the world, and already supporting more than 600 startups, according to a new report by the Australian Sports Technologies Network (ASTN). The inaugural Sports Innovation Report 2022 concludes that Australia already has one of the world’s most mature and interconnected ecosystems. With the Brisbane Olympic… Read more »
DataFarming cofounder Tim Neale has been at the forefront of precision agriculture for more than two decades. In that time, he’s seen the shift from being out in the field physically taking measurements and making observations to a digital revolution. But until now, the update in big data use for greater productivity has been slower… Read more »
LaunchVic’s Alice Anderson Fund is now a quarter of the way through its ambitious plan to back 60 female-led startups by 2024, just one year after it launched. Since launching in July 2021, the sidecar fund’s co-investments of between $50,000 and $300,000, for a combined $2.5 million, have gone to 11 early-stage startups, leveraging a… Read more »
Adelaide startup Splose has raised $1 million as it eyes of international expansion for its healthcare practice management platform. Launched in 2018 as a website developer specialising in the needs of Allied Health professionals, Splose quickly identified the challenges providers faced while trying to support participants and manage their obligations under the NDIS. The startup… Read more »
The Commonwealth Bank’s venture-scaling arm, x15ventures, has revamped its accelerator program, Xccelerate, and is now on the hunt for five early-stage fintech startups to back. While the three previous iterations of Xccelerate have seen x15ventures choose an winner ultimate winner to back – givvable and OwnHome in 2020, and Splashup last year – this time… Read more »
Australia’s Central Bank pumped the brakes on inflation for the fourth time in a row, increasing the the cash rate target by 50 basis points to 1.85% at the August RBA board meeting. The increase was widely expected by markets and analysts. From record low of 0.1% set in 2020 in response to the Covid… Read more »
Australians lack awareness about what tech jobs exist, or how to get into them, and the training pathways to those jobs are not always fit for purpose, according to a new roadmap to solving the sector’s hungry for more workers. The report prepared by the Tech Council of Australia (TCA) and Accenture, and titled Delivering… Read more »
Sydney startup Sitemate has raised $5.2 million for its no code software tools for companies in the construction sector. The round was led by Blackbird, with participation from existing investors Shearwater Capital and angels including local tech founders Tim Doyle of Eucalyptus and Rory San Miguel of Propeller. Coincidentally, Blackbird general partner Nick Crocker was… Read more »
Metigy, an adtech startup offering AI-powered marketing solutions for small businesses has been placed in the hands of administrators, with the loss of 75 jobs. Its collapse comes just 20 months after the business raised $20 million in a Series B round led by Cygnet Capital amid ambitions to go global. Sydney insolvency and restructuring… Read more »
The board of ASX-listed Genex Power Limited (ASX: GNX) have rejected a takeover bid by Altassian co-founder Scott Farquhar as undervaluing the business. Last Monday, after building up a 19.9% stake in Genex via a consortium controlled by Skip Capital, the family VC run by Farquhar’s wife Kim Jackson, in a partnership with US alternative… Read more »
Science & Technology Australia has once again begun a nationwide search for Australia’s next constellation of Superstars of STEM, the government-backed initiative to advance gender equity by raising the profiles of women in science and tech. The program is open to women and non-binary STEM professionals, with 60 more to be chosen in this round.… Read more »
Sugar Wallet is a New Zealand fintech cofounded by Devrath (Dev) Soni and Sophia Ritchie with a mission to make investment ‘ridiculously simple’ for everyone. “In APAC alone, there are 143 million who can afford investing but continue to primarily save through their bank,” Soni said. “One of the reasons for this is because platforms… Read more »
Queensland startup LYRO Robotics has raised $1.5 million in a pre-Series A to help local farmers get their produce to market. The round was backed by several international and domestic investors, including Artesian/Boab AI and AgFunder joining original investor, Japan’s Toyo Kanetsu. LYRO has built the world’s first autonomous robot, which can pick up delicate fresh… Read more »
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