Ingrid Maes
Venture Capital

Homebrand ventures: Woolies goes global with its VC fund in partnership with international grocers

- April 9, 2024 2 MIN READ

Australian supermarket giant Woolworths has teamed up with four international retailers to create a global venture capital looking to back startups in the shopping space. Joining Woolies in W23 Global are Dutch-Belgian multinational Ahold Delhaize, which runs 16 brands in nine countries, the UK’s Tesco, Canada’s Empire  Co. (best known for Sobeys, Foodland & Safeway)… Read more »

man in maze
Business strategy

I’ve been in 3 corporate accelerator programs: here’s what I wish I knew beforehand 

- April 8, 2024 4 MIN READ

Over the past five years, accelerator and incubator programs in Australia have had their ups and downs. Some have opened, while others have closed, and through it all thousands of startups have applied for a chance to increase their odds of survival and growth.  Having now completed three corporate run accelerator programs (with KPMG, PepsiCo,… Read more »

Honey Insurance, Richard Joffee
Funding

Insurtech startup banks $108 million Series A

- April 8, 2024 < 1 MIN READ

Three-year-old insurtech startup Honey Insurance has raised $108 million in a Series A that’s lured in US investors Founded by entrepreneur Richard Joffe, cofounder of US-based Park Assist and Stella.ai, Honey launched in 2021. It raised a record $15.5 million in a Seed round led by underwriting partner RACQ and other institutional investors, including AGL,… Read more »

data in glasses, surveillance
Cyber security

A coder put a massive flaw in Linux for hacker access. Here are the lessons learned

- April 8, 2024 4 MIN READ

Outside the world of open-source software, it’s likely few people would have heard about XZ Utils, a small but widely used tool for data compression in Linux systems. But late last month, security experts uncovered a serious and deliberate flaw that could leave networked Linux computers susceptible to malicious attacks. The flaw has since been… Read more »

begging - coin put in a glass jar
Politics

ATO analysis reveals how tough it is to run a tech business in Australia, with Apple, Google and others struggling to make a buck

- April 5, 2024 3 MIN READ

Accounting tricks are helping Big Tech firms avoid paying tax on up to 96.6% of their Australian income, according to a new analysis of Australian Taxation Office (ATO) figures that showed Apple was the worst offender when it came to corporate tax minimisation. The tech giant took $9.3 billion from Australian customers during the 2021-22… Read more »

Navigation, ship, binoculars, search
Business strategy

Australian startups are targeting overseas government contracts for growth – here’s what you need to know to succeed

- April 5, 2024 4 MIN READ

With overseas markets such as America, Europe and Asia providing substantial growth opportunities for Australian startups, overseas government tender opportunities are becoming a popular choice for founders to penetrate new markets and grow. There have been many stories of mixed success – from big contract wins to proposals being binned from the outset. In each… Read more »

The Daily Edited
Business

The retailer that bought luxury fashion startup The Daily Edited from voluntary administrators 15 months ago went into VA today

- April 4, 2024 2 MIN READ

Monogramed luxury fashion startup The Daily Edited (tde.) is back in voluntary administration, just 15 months after the brand was sold to former Myer boss Bernie Brookes. Marquee Retail Group (MRG), which scored tde.’s flagship store in Sydney’s Queen Victoria Building, when it bought the 10-year-old business in December 2022, handed the books to administrators… Read more »

Aurie smart catheter system i
Funding

Disability tech accelerator and investor Remarkable goes global, backing US catheter startup’s $9.1 million Seed round

- April 4, 2024 2 MIN READ

Australian disability tech accelerator Remarkable has backed a US med tech startup reducing urinary tract infection (UTI) risks in a US$6 million (A$9.1m) Seed raise. The round for New York medtech startup Aurie, was led by existing investor Lakehouse Ventures. Founded in 2018, Aurie has developed a reusable, no-touch, intermittent catheter system used by people… Read more »

R&D, science, man looking in microscope
Opinion

In defence of Breakthrough Victoria – and why it matters for medtech

- April 4, 2024 3 MIN READ

Victoria’s (and Australia’s) future prosperity is dependent on knowledge-intensive companies that collaborate, innovate, and commercialise successful products globally. But to survive and reach commercial success, these companies must be able to access funding at key stages of their development. Without this, they will fail. In turn, we will fail to create a self-sustaining human healthcare… Read more »

Starboard Maritime
Funding

Kiwi sea crimes startup Starboard Maritime Intelligence floats $4.6 million seed funding round

- April 4, 2024 2 MIN READ

A New Zealand data analytics startup using machine learning to detect suspicious activity by vessels at sea has raised a NZ$5 million (A$4.6m) in a Seed round. The round for Starboard Maritime Intelligence was led by Kiwi VC Altered Capital, supported by Icehouse Ventures, Invest South, Soul Capital, and Whakatupu Aotearoa Foundation, as well as marine-focused… Read more »

Antler Australia

Antler Investor Memo Series: Unseen makes data intelligence easy to access and use, starting with real estate

- April 4, 2024 4 MIN READ

Early stage investment company Antler Australia recently backed a new cohort of startups as part of its ongoing program to build great local tech companies. Startup Daily is sharing the details of each venture in the “Antler Investor Memos” series, which is designed to give you a quick, sharp understanding of the startups and people… Read more »