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 »
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 »
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 »
Melbourne fintech Airwallex has tapped the market for another US$200 million (A$275m) in a series E just six months after topping up its series D round with an extra US$100 million (A$130m). The payments platform has now raised more than A$1 billion from investors. This latest raise ups Airwallex’s valuation from US$2.6bn ($3.4bn) in March to… Read more »
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 »
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 »
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 »
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 »
Melbourne startup investment firm Fundsquire, has an extra A$75 million in the kitty to back local tech ventures thanks to a debt and equity raise from fintech investment firm Fasanara Capital. Fundsquire plans to launch new funding products in Australia, Canada, and the UK with the cash injection, as well as enable tech development and market… Read more »
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 »
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 »
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 »
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 »
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 »
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 »
Gaming startup Immutable raises $82 million series B for Ethereum NFT trading play
Canva’s billionaire co-founders are not yet 40, and already they’re planning to give their fortune away
The incredible story behind how Carted raised one of Australia’s largest seed rounds
Canva is now worth a gobsmacking $54.5 billion – more than Woolworths and Telstra – after a $273 million raise
Daily startup news and insights, delivered to your inbox.
