TEN13, Steve Baxter, Stew Glynn
Investing

Steve Baxter’s syndicate VC TEN13 is on target to invest $100 million in just 3 years

- September 21, 2021 3 MIN READ

TEN13, the early-stage technology investment syndicate co-founded in 2019 by Steve Baxter, says it’s on track to deploy more than $100 million in its first three years of operation. The Queensland venture fund, which has a deal-by-deal model, has already raised and invested $30 million into 14 break-out technology companies across the globe including Australia’s… Read more »

different
News & Analysis

CBA’s VC fund x15ventures backs property management startup :Different

- September 21, 2021 2 MIN READ

The Commonwealth Bank’s venture-scaling arm, x15ventures, has added a new proptech startup to its investment portfolio, taking a stake in the Antler-backed property management company :Different. Co-founded in 2017 by Silicon Valley entrepreneurs Mina Radhakrishnan and her husband Ruwin Perera, whose CVs include Google, Uber and other tech giants, :Different digitises a large slab of property… Read more »

Innovation

A new report reveals that Australia is falling behind the US, UK and China on digital tech innovation

- September 21, 2021 3 MIN READ

Digital technologies are now at the heart of our everyday lives, as anyone who has swapped their office for a videoconferencing screen, or downloaded a contact-tracing app, knows only too well. This trend is set to continue even in a post-COVID world. Australia is at a crossroads in developing a strong digital economy to meet… Read more »

Tomorrow Super, Wes Hall
Capital Raising

Digital wealth management platform Tomorrow Super goes on the hunt for $5 million pre-IPO round

- September 20, 2021 2 MIN READ

An upcoming challenger superannuation brand, Tomorrow Super, is on the hunt for $5 million in pre-IPO funding. Founder and CEO Wes Hall says he wants to create a digital-first “game-changing” low cost, hassle free SMSF-type model for a ESG-conscious generation. “There are three undeniable trends when it comes to investing in Australia: economic activism through… Read more »

Monochrome, Jeff Yew
Funding

Digital assets fintech Monochrome raises $2.4 million series A

- September 20, 2021 2 MIN READ

Digital assets platform Monochrome Asset Management as raised US$1.8 million (A$2.4m) in series A funding as it looks up become the Australian market leader in alternative investment. The round, which values the business at A$20 million, included Wei Zhou, former CFO of Binance, Litecoin creator Charlie Lee, Samson Mow, CSO of Blockstream, and Kain Warwick, founder… Read more »

Notiv
Mergers & Acquisitions

Dubber is ramping up its AI capabilities after acquiring Brisbane startup Notiv for $6.6 million

- September 20, 2021 2 MIN READ

ASX-listed voice data company Dubber (ASX: DUB) has acquired Brisbane tech startup Notiv in a deal worth $6.6 million. The M&A deal will see Dubber accelerate its artificial intelligence program and capabilities. Notiv was founded by tech industry veterans Chris Raethke, a BugCrowd co-founder, and Dr Iain McCowan in 2018 to improve meeting note taking.… Read more »

computer, standing desk
News & Analysis

Why your internet feels slow and jumpy, even when you’ve paid for high-speed NBN

- September 20, 2021 3 MIN READ

Of the 8.2 million homes and businesses active on Australia’s National Broadband Network (NBN) in July 2021, 77% are now reported to be on a broadband plan that delivers speeds of at least 50 megabits per second (Mbps). This is plenty to accommodate a typical household’s needs for video streaming (Netflix high-definition resolution, for instance,… Read more »

Catalysr
News & Analysis

Catalysr founder Usman Iftikhar honoured as Western Sydney’s Champion, with Atlassian’s co-founders named the city’s best in global business

- September 17, 2021 3 MIN READ

Catalyser founder Usman Iftikhar has been honoured as the Committee for Sydney’s inaugural Western Sydney Champion. The awards have been created to recognise people who make Sydney the greatest city in the world across six categories: Global Sydney Culture and Business, Western Sydney Champion, City Visionary, Emerging Leader, and Unsung Hero. Atlassian co-founders Scott Farquhar &… Read more »

Medieval siege
Cyber security

Cybercrime reports in Australia are now being lodged every 8 minutes

- September 17, 2021 3 MIN READ

The volume of cyber security attacks has grown so much during the COVID-19 pandemic that victims were lodging a new cybercrime report every 8 minutes, the Australian Cyber Security Centre (ACSC) reported, as it launched its latest annual report into Australian cybercrime. With over 67,500 reports of cybercrime received during the 2020-21 financial year, the ACSC… Read more »

Deep Tech

One reason Australia can’t make mRNA vaccine is because Australia doesn’t produce enough deep tech startups

- September 17, 2021 4 MIN READ

Caught out by its strategy to bet on COVID-19 vaccines that could be made in Australia, the federal government is now scrambling to manufacture mRNA vaccines locally. Its “approach to market” strategy has effectively asked companies how much government money they need to do so. But even with subsidies, this plan will take years. So… Read more »

She Loves Tech
News & Analysis

Social data startup Neighbourlytics wins the Australian final of She Loves Tech

- September 16, 2021 2 MIN READ

Melbourne startup Neighbourlytics has been chosen as the female-led startup to represent Australia in the global She Loves Tech competition. The venture, co-founded by Jessica Christiansen-Franks and Lucinda Hartley, is a data analytics platform offering insights on human behaviour and activity in neighbourhoods for planners and other urban decision makers to reach better decisions around… Read more »

piggy bank
Funding

Fintech Alex banks $20 million series C

- September 16, 2021 2 MIN READ

Digital bank Alex has raised $20 million in a series C that values the neobank at more than $120 million The raise came from existing shareholders and new investors, including Washington H. Soul Pattinson, Regal Funds Management, Wunala Capital, and SG Hiscock & Company, topping up the $34 million already raised. Founded in 2018 by… Read more »

Parent, baby
News & Analysis

Fintech Australia says the sector should set a minimum benchmark for paid parental leave of 12 weeks

- September 16, 2021 2 MIN READ

FinTech Australia has released an industry policy featuring guidance after consulting with the sector, setting out best practice for parental leave entitlements. The policy says employers should offer 12-week paid parental leave at full pay, including superannuation, with partners entitled to two weeks parental leave at full pay. Under the Fair Work Act, employees (including… Read more »