News & Analysis

The tech startup behind the wildly successful SWEAT app by Kayla Itsines has now redeveloped a smartphone app to trace biological threats

- October 27, 2020 2 MIN READ

Flinders University in South Australia has teamed up with a company that made its name developing a popular fitness app to create an app that can track and trace biological threats. The Torrens Resilience Institute (TRI) at Flinders University in Adelaide, South Australia worked with web and mobile app developer PixelForce to develop the smartphone… Read more »

SafetyCulture
Funding

SafetyCulture just raised another $49 million so staff and investors can cash in on the unicorn’s growth

- October 27, 2020 < 1 MIN READ

Workplace checklist app developer SafetyCulture has raised another $48.6 million just since six months after a $60.5 million round as early investors and staff cash in on the increasing worth of the company, now valued at more than $1.3 billion. Less than a third of the funds, $14 million, were invested as equity. Blackbird Ventures… Read more »

Covid-19

FREE MELBOURNE: Shops, restaurants, and pubs reopen this Wednesday as lockdown laws ease

- October 27, 2020 3 MIN READ

Victorian Premier Daniel Andrews yesterday announced the most significant easing of Melbourne’s coronavirus restrictions since the state went into “stage 3” lockdown on July 9. From 11.59pm on Tuesday night, retail, restaurants, cafes and bars will finally be able to open up in Melbourne. Gatherings of up to ten people outdoors are now allowed from… Read more »

Funding

Social media enabler Linktree takes on its first funding with a $15m series A

- October 27, 2020 < 1 MIN READ

Melbourne-based social media venture Linktree has ended four years of bootstrapping, taking on $15 million (US$10.7m) in a series A round to expand globally. Linktree is a free tool to optimise internet presence for a celebrity, company or blogger, curating content across social media sites such as Instagram, Facebook, YouTube and Twitch, sending viewers to other… Read more »

News & Analysis

MYOB’s acquisition spree continues with GreatSoft in its sights

- October 27, 2020 < 1 MIN READ

Private equity-owned accountancy software firm MYOB is ramping up the practice management solutions side of its business with plans to acquire cloud-based software provider, GreatSoft. The move comes after MYOB recent took a majority stake in workforce management software Roubler. The acquisition, now under review by competition regulator the ACCC, will integrate GreatSoft’s cloud-based practice… Read more »

ASX

Zebit, the latest BNPL to IPO, plunged 34% on debut

- October 26, 2020 < 1 MIN READ

  US-based buy-now-pay-later Zebit bucked the trend for soaring BNPL shares when it made its debut on the ASX today, losing around 34% of its listing price of $1.58 to close at $1.04. The online retailer (ASX: ZBT) with a BNPL offering, which targets “credit challenged” US consumers, raised $35 million in its IPO, but… Read more »

News & Analysis

Mike Cannon-Brookes backs $5 million series A for breakthrough solar cell startup SunDrive

- October 26, 2020 2 MIN READ

A $9 million project to make cheaper rooftop solar panels by replacing the silver in production with copper has attracted $8 million in funding. The cash for NSW startup SunDrive includes $5m Series A investment led by Blackbird Ventures and Grok Ventures, the family investment fund of Atlassian co-founder and renewable energy campaigner Mike Cannon-Brookes and… Read more »

Healthtech

Queensland biotech Microbio has developed a rapid Covid-19 test that can also tell if you are infectious

- October 26, 2020 2 MIN READ

Australian biotech venture Microbio announced this week that it has developed a new type of COVID-19 test with the potential to both determine if someone has the virus and also indicate whether they are infectious. The Brisbane-based startup says its InfectID-COVID-19-R test has been independently validated to identify the presence of the virus when still… Read more »

Coronavirus

‘CAUTIOUS PAUSE’: Victorian Premier puts Melbourne reopening on hold amid Covid-19 outbreak in city’s north

- October 25, 2020 3 MIN READ

Expectations that Victoria would begin to ease lockdown restrictions in Melbourne earlier than the planned have been put on hold by Premier Daniel Andrews as the state deals with a minor Covid-19 outbreak in the city’s Northern metro area. Andrews labelled it a “cautious pause”, but offered some hope that an announcement on easing could be… Read more »

Insights

Ignition Lane’s Weekly Wrap: MyDeal and Adore hit the ASX, the Future Fund takes a hit on Quibi

- October 25, 2020 4 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 morning. Don’t forget that every Monday… Read more »