Cryptocurrency

China fires another shot at bitcoin, making cryptocurrency transactions illegal

- September 28, 2021 3 MIN READ

China has continued its bitcoin crackdown by making all cryptocurrency transactions illegal. The Chinese central bank issued a statement on Saturday, seeking to clarify a joint notice from regulators in May which told financial institutions to step away from all cryptocurrency activity, signalling an end to the country’s involvement in the speculative digital assets. “In recent years, bitcoin and… Read more »

Funding

Kiwi HR feedback startup Joyous raises $14 million

- September 28, 2021 2 MIN READ

A New Zealand workplace feedback startup has raised Nz$15 million (A$14.2m) as it looks to expand internationally. Joyous was founded in 2017 by brothers Mike and Phillip Carden. The raise was led by Square Peg, with existing investors AirTree Ventures and Icehouse Ventures returning for their third round. The investment will also be used to… Read more »

Gameface
Mergers & Acquisitions

US sports gear company snaps up Sydney AI tech startup Gameface for $32 million

- September 28, 2021 2 MIN READ

US lists sports equipment business Slinger Bag is acquiring Sydney player data analytics startup Gameface.ai for US$24 million (A$32m) in an all-stock deal. The trans-Pacific ventures have already been collaborating on a new app for Slinger using artificial intelligence (AI) to provide instant analysis of match play to offer technical and strategy insights. The M&A… Read more »

Rod Sims, ACCC
Global tech

Competition watchdog the ACCC says Google’s ad tech dominance ‘harms’ business and users

- September 28, 2021 3 MIN READ

An ACCC inquiry into advertising technology (ad tech) has found significant competition concerns and potential harms to publishers, advertisers, businesses and consumers from Google’s dominance of the sector. More than 90% of ad impressions traded via the ad tech supply chain are estimated to have gone via at least one Google service in 2020. The… Read more »

Funding

Aussie start-up ULUU raises A$1.3M to replace plastic with a biodegradable alternative made from seaweed

- September 27, 2021 2 MIN READ

A Western Australian cleantech startup making a plastics replacement from seaweed has raises $1.3 million seed round. ULUU has been backed by the CSIRO’s VC fund Main Sequence, as well as Sydney impact investment fund Alberts Impact Ventures and syndicated private investment and family office firm The Eights to further develop its plastic replacement of… Read more »

Sydney, seagulls, lockdown
Covid-19

STATE OF UNLOCKING: NSW will start to ease covid restrictions from October 11 – what you need to know

- September 27, 2021 3 MIN READ

NSW premier Gladys Berejiklian has set dates for the state’s roadmap to reopening, confirming October 11 as when the first restrictions will begin to ease. The announcement came as double doses hit 60% today, with 70% expected to be reached in early October. With the long weekend looming, Berejiklian urged everyone to behave cautiously over… Read more »

Super Mario
Business strategy

Ignition Lane’s Weekly Wrap: GitLab goes public, Zoom’s Glitch, Sydney v Melbourne on startups, the Book of Boz

- September 27, 2021 6 MIN READ

Welcome to Ignition Lane’s Weekly Wrap, where they cut through the noise to bring you their favourite insights from the technology and startup world. Ignition Lane works with ambitious business leaders to apply the Startup Mindset to their technology, product and commercialisation problems.  This wrap goes out free to subscribers every Saturday. Don’t forget you can catch Gavin Appel discussing… Read more »

News & Analysis

CSIRO Data61 team wins silver – and $1.3 million – in the ‘robot Olympics’

- September 27, 2021 2 MIN READ

Robotics experts from the CSIRO have second finished in a global competition dubbed the ‘Robot Olympics’, beating a team from NASA and MIT to take the silver. The team, from the CSIRO’s Data61, spin-out robotics company Emesent, and the US-based Georgia Institute of Technology spent three years preparing for the competition, preparing six autonomous robots,… Read more »

Gavin Dietz Wattwatchers
Funding

Energy startup Wattwatchers raises $5.3 million series B

- September 27, 2021 2 MIN READ

Digital energy platform Wattwatchers has raised $5.3 million in the Series B round. The round was led by private equity impact investor Kilara Capital’s new Growth Fund, with the Clean Energy Finance Corporation (CEFC), doubling down on the startup after backing its series A and initial capital raise in 2017 through its specialist Innovation Fund.… Read more »

woman, laptop, facebook
News & Analysis

Women are finding support in closed Facebook groups, but running them adds to their burden and stress

- September 27, 2021 3 MIN READ

Would you share your most intimate thoughts with strangers? For many women, during the pandemic and associated lockdowns, closed Facebook groups have been a place to do just that. These groups offer a chance to escape the house virtually and spend time with like-minded souls, sometimes chatting, often venting, and seeking solidarity in virtual sisterhood.… Read more »

Verve
Funding

SUPER SISTERS: Verve raises $2.6 million as female investors rally around

- September 25, 2021 2 MIN READ

Female-focused superannuation fund Verve Super has raised $2.6 million predominantly with female and impact-focused investors. Verve Super CEO Christina Hobbs they decided to do things differently by seeking to raise capital specifically from people with a passion for women’s economic equality and investors who demonstrated a passion for impact investing in female-led companies. “In the… Read more »

Scam, spam, text message, SMS
Cyber security

If you’re being bombarded with scam delivery messages, here’s why and what can be done

- September 25, 2021 5 MIN READ

For most people, the ping of an incoming SMS will induce some level of excitement — or mild intrigue at least. But with SMS scams on the rise, many may now be meeting this same sound with trepidation. According to the Australian Competition and Consumer Commission’s (ACCC) ScamWatch website, scams delivered via “phone” or “text”… Read more »