News & Analysis

5 things you should know about tech today

- September 19, 2019 3 MIN READ

  Hello and welcome to Startup Daily’s new morning roundup of tech and startup news, both here and overseas. Let’s get cracking   1. The NBN is chasing Telstra’s enterprise customers with government support. Communications Minister Paul Fletcher is speaking at the Committee for Economic Development of Australia (CEDA) conference today and will reportedly say… Read more »

News & Analysis

Come hear some of Australia’s best angel investors talk about how it’s done

- September 18, 2019 2 MIN READ

Startup ecosystem analysts Techboard will announce the winners of the Australian Angel Awards 2019 at the Sydney Startup Hub next Friday, September 27, and as part of the event, is holding a panel session featuring four of the country’s best angel investors. Investible’s Trevor Folsom, Jelix Ventures founder and CEO Andrea Gardiner, Follow [the] Seed founding… Read more »

News & Analysis

An MYOB co-founder just backed a $26 million Series B for an accountancy software startup

- September 17, 2019 < 1 MIN READ

  Practice Ignition, cloud-based software that helps accounts manage their own business, has raised AU$26 million in a series B, led by New York’s Tiger Global Management. MYOB co-founder and Xero Board member, Craig Winkler and Right Click Capital were among those also investing in the software startup, co-founded by Guy Pearson in Sydney in 2011.… Read more »

News & Analysis

New Zealand cybersecurity startup RedShield raises NZ$14 million

- September 17, 2019 < 1 MIN READ

Wellington-based RedShield, a cybersecurity startup that provides API protection via web application shielding, has raised NZ$14 million (AU$13m). New Zealand private equity firm Pencarrow led the round ahead of existing shareholder Sage Technologies. RedShield’s CEO and co-founder Andy Prow (pictured above) said the support recognised the company’s success in New Zealand , the US, UK… Read more »

News & Analysis

YBF Ventures is getting into proptech with tech giant Honeywell

- September 16, 2019 < 1 MIN READ

Innovation and coworking hub YBF Ventures is teaming up with Honeywell Building Technologies to develop a Sydney-based proptech hub focussing on building automation. The new PropTech Hub, at the YBF’s recently opened Sydney CBD coworking space at 155 Clarence Street, will be a source of customer engagement for Honeywell, the US tech multinational, which has… Read more »

News & Analysis

There’s a small detail in an Australian coworking space report that should chill potential WeWork investors

- September 13, 2019 4 MIN READ

Plans for a multi-billion-dollar IPO of US coworking space company WeWork appear to be teetering on the edge amid questions about founder Adam Neumann and a plunge in the value of the company and reports that Softbank, the biggest investor, is pushing for a delay in the float. In trying to ascertain the value of the… Read more »

News & Analysis

Experiences startup AmazingCo raises $5.1 million

- September 13, 2019 2 MIN READ

AmazingCo founders Silvia Hope, Jeremy Cox and Nick Brozovic. Photo: Supplied Melbourne experiences platform AmazingCo raised AU$5.1m in a Series A round backed by Aconex co-founders Leigh Jasper and Robert Phillpot. Rampersand VC, Artesian and Macdoch Ventures were also part of the raise. The Series A follows a $2.3m seed funding round last year, with those… Read more »

News & Analysis

Ian Gardiner is taking Innovation Bay’s startup showcase to Adelaide this year

- September 12, 2019 < 1 MIN READ

Innovation Bay co-founder Ian Gardiner thinks Adelaide “has become one of Australia’s hotspots of startup activity” and is heading there in November to host a Startup Showcase at Lot Fourteen. The showcase, based on Innovation Bay’s ‘Founder Dinner’ format, gives 16 selected startups the chance to present their ideas and build relationships with investors and… Read more »

News & Analysis

A Sydney University professor just raised $22 million to solve a big problem in quantum computing

- September 11, 2019 2 MIN READ

Square Peg Capital Partner Tushar Roy with Professor Michael Biercuk, founder and CEO of QCTRL. Photo: supplied Quantum computing startup Q-CTRL has raised US$15 million (AU$22m) in a Series A round led by Square Peg Capital.  Silicon Valley’s Sierra Ventures also joined the raise beside existing investors, including Sequoia Capital, Main Sequence Ventures, and Horizons… Read more »

News & Analysis

New digital banks 86 400 and Xinja are the first to launch app-based retail accounts

- September 10, 2019 3 MIN READ

Neobank Xinja has been granted a full banking license by Australian Prudential Regulation Authority (APRA), and will launch transaction accounts as the battle to carve out a digital slice of the $13 billion banking system’s revenue stream heats up.  APRA has now granted four authorised deposit-taking institution (ADI) licences to challenger banks, having recently approved… Read more »