News & Analysis

KPMG just backed legal automation startup Plexus in a $4.65 million Series A raise

- May 10, 2019 2 MIN READ

Melbourne lawtech startup Plexus, has closed the largest venture capital raise in Australian legal history, $4.65 million in Series A funding, led by KPMG. The professional services company’s legal arm, KPMG Law has also formed a strategic alliance with Plexus. Aconex co-founders, Rob Philpot and Leigh Jasper, and Message Media co-founder Grant Rule also participated.… Read more »

News & Analysis

App-based startup 86 400 is looking for $250 million as it prepares to become Australia’s newest bank

- May 9, 2019 2 MIN READ

86 400 is a new digital-only bank led by British entrepreneur Anthony Thomson It’s backed by Sydney-based payments services company Cuscal The bank is waiting for APRA approval to launch with a savings account this year It’s seeking $250m over the next three years to strengthen its balance sheet Digital banking startup 86 400 (named… Read more »

News & Analysis

The world’s biggest cinema-on-demand chain wants supporters to crowdfund it

- May 9, 2019 2 MIN READ

      Perth-based Demand.film is hoping its 110,000-strong customer base will put their money where their eyeballs are, launching a seven-figure equity raise via crowdfunding. The on-demand cinema startup, which has a catalogue of hundreds of films, predominantly documentaries alongside Australian classics such as Mad Max and Crocodile Dundee, offers crowdsourced, single event-screenings in… Read more »

News & Analysis

BlueChilli is heading to Singapore to open a healthtech accelerator

- May 7, 2019 2 MIN READ

  Startup accelerator BlueChilli is launching a healthtech accelerator in Singapore, giving the Sydney-based venture a permanent HQ in the city-state. Founder Sebastien Eckersley-Maslin has partnered with the Singapore Ministry of Trade and Industry’s development agency, Enterprise Singapore, to launch the accelerator with an eye to the fact that the US$6.3 billion invested in 2018… Read more »

cyber security
News & Analysis

A cybersecurity startup tackling web bots has landed $6.5 million from the CSIRO’s and Westpac’s VC funds

- May 7, 2019 3 MIN READ

  Cybersecurity startup Kasada has raised $6.5 million from the CSIRO’s innovation fund, Main Sequence Ventures, and Westpac’s Reinventure Group to ramp up its technology to tackle automated bots attacking websites. The raise comes 12 months after Kasada’s wunderkind founder and CEO, Sam Crowther, first raised $2.5 million for his venture. Kasada’s uses cloud-based tech… Read more »

News & Analysis

This healthtech startup is helping the next generation of doctors treat remote Australian patients

- May 6, 2019 2 MIN READ

Access to high quality healthcare in regional Australia is an ongoing challenge, with one enterprising country town, Temora, 420km southwest of Sydney, going so far as to produce a 3-minute music video, “The Great Quack Quest”  in a bid to attract GPs. Technology offers one solution, allowing patients in remote locations to consult with medical… Read more »

News & Analysis

Uber is about to face the legal fight of its life, worth hundreds of millions, against thousands of Australian cabbies

- May 3, 2019 3 MIN READ

A class action against Uber from taxi drivers has the potential to be Australia’s biggest class action More than 6000 people among 57,000 potential claimants have already signed up for the case Class action lawyers Maurice Blackburn lodged the claim in the Victorian Supreme Court today Global ridesharing app Uber is facing a major legal… Read more »

News & Analysis

Australia’s biggest science investment fund has another $210 million for medical research startups

- May 2, 2019 2 MIN READ

Australian VC firm, Brandon Capital Partners, has just raised another $210 million to invest in commercialising medical research, and is already on the hunt for another $250 million as it edges towards $1 billion in science investments. The 5th Medical Research Commercialisation Fund, MRCF5, raised AU$210 million from existing investors, taking the total in the… Read more »

News & Analysis

The CSIRO is sending two startup founders to Stanford as part of its accelerator program

- May 2, 2019 2 MIN READ

Two Australian scientists and startup founders will head to America’s prestigious Stanford University to study after impressing the CSIRO’s with their ideas during the organisation’s recent ON Accelerate program. Stephen Trowell, founder and MD of Parts Per Billion, and Melanie White, co-founder and director of Inova Medical, will receive $30,000 each towards travel and their… Read more »