Fins have emerged from the water again as Shark Tank announces its return to Australian television after a five-year long hiatus! The highly anticipated return of Australia’s beloved business reality TV show can be make or break for those businesses who get the opportunity to swim with sharks. Based on the Japanese Dragon’s Den format,… Read more »
Most people are familiar with the deluge of artificial intelligence (AI) apps that seem designed to make us more efficient and creative. We’ve got apps that take text prompts and generate art, and the controversial ChatGPT, which raises serious questions about originality, misinformation and plagiarism. Despite these concerns, AI is becoming ever more pervasive and… Read more »
Customer relationship management (CRM) and revenue operations software startup Nexl has raised $4 million in new capital, backed by B2B-focused VC EVP alongside follow-on funds from Vulpes and Saniel Ventures. Nexl was founded 3.5 years by Philipp Thurner, who was head of innovation at top tier law firm Gilbert and Tobin. The software platform helps… Read more »
Melbourne healthtech startup, MoreGoodDays has raised $3.5 million for a digital solution to managing chronic pain. The round was led by Blackbird, with support from impact fund Giant Leap, Side Stage Ventures, the Snow Foundation, and LaunchVic’s female-focused sidecar investment program, the Alice Anderson Fund. Neala Fulia and Helena Ngo co-founded the healthtech platform to… Read more »
Welcome to our weekly column on the important things to see and do for the ANZ startup community, brought to you by the director of the Spark Festival, Maxine Sherrin. She picks out 3 things worth putting in the diary for the week ahead. If you’d like to know more, sign up to the Weekly Sparks, Maxine’s… Read more »
Privately-owned design platform Canva is among multiple Australian tech companies with funds stuck in Silicon Valley Bank (SVB), which was seized by Californian regulators on Friday after customers tried and failed to withdraw an estimated US$40 billion in funds. After an anxious weekend wondering if they’d see their money again, US officials stepped in earlier… Read more »
The US Treasury Department has intervened to guarantee deposits following the collapse of Silicon Valley Bank (SVB) and halt broader bank run jitters. Secretary of the Treasury Janet Yellen, Federal Reserve Board chair Jerome Powell, and Federal Deposit Insurance Corporation (FDIC) chair Martin Gruenberg released a joint statement on Sunday night, US time, amid concerns of… Read more »
Silicon Valley Bank, which catered to the tech industry for three decades, collapsed on March 10, 2023, after the Santa Clara, California-based lender suffered from an old-fashioned bank run. State regulators seized the bank and made the Federal Deposit Insurance Corporation its receiver. SVB, as it’s known, was the biggest U.S. lender to fail since… Read more »
Sydney enterprise software company, Capsifi, announced its new executive leadership team. The company has appointed a new Chair, Andrew Barkla, CEO, Ian McAdam, and CRO, Tony Mascarenhas. Capsifi founder and former CEO Dr Terry Roach has decided to shift his attention to the strategy and vision for product innovation. Capsifi is an architecture software platform… Read more »
Move over ‘financial wellness’, the next frontier for fintechs is ‘financial intelligence’, says the founder of digital banking alternative Yondr. Money management is something of an obsession for Melbourne-based entrepreneur Shane Chanel. He first knew he wanted to be a financial planner as a 16-year-old student at Melbourne’s Nazareth College. After studying financial planning at Deakin… Read more »
Who says a good story can’t begin with mountain spas, marsupials, and the Milky Way? The NSW National Parks and Wildlife Service has just wrapped up its first-ever photo competition, and some of the winning shots are nothing short of breathtaking. From serene mountain spas to adorable marsupials and even the majestic Milky Way, these… Read more »
Professional Golfers Association (PGA) champion Kel Nagle’s granddaughter, Alicia Nagle, launched her startup, Zonely, to make golf fun, accessible, and social for all players. Founder Nagle said that with Zonely, she wants to change golf’s poor brand image for golfers and people who’d like to try and become golfers. Zonely is a golf community with… Read more »
Move over cows, a clinical trial of older Kiwis drinking deer milk has found it’s good for their health. The New Zealand study, by Massey University and commissioned by the government-owned farming business Pāmu, found drinking the company’s deer milk improved the nutritional status, muscle mass and physical performance of women aged 65 and above.… Read more »
Choice has tested 21 hot cross bun varieties, so you know exactly which ones to add to your shopping trolley this Easter. The independent, member-funded consumer advocacy group had their experts blind-taste-test each hot cross bun and rated them based on flavor, appearance, aroma, and texture. Choice editorial director Marg Rafferty said that with so… Read more »
Payments platform Cuscal has acquiring Consumer Data Right startup Basiq for an undisclosed sum. The deal provides an exit for investors including NAB Ventures, Salesforce Ventures and Westpac’s Reinventure, as well as Visa. The VC arms of the Australian banks first backed Basiq in 2017, doubling down in a Series A in 2021. Cuscal, owned… Read more »
The team behind one of the coolest restaurants in Sydney’s Inner West, Hartsyard, have a new seafood place
Female-founded edtech startup Pivot banks $1.4 million to support student and teacher wellbeing
Dinner party marketplace Gathar launches Microwd crowdfunding campaign
Hypnotherapy medtech raises $17.8 million Series A
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