StrongRoom AI will live on under new management with Queensland pharmacy entrepreneur Joe Zhou acquiring the Melbourne healthtech startup from the administrators in a deal finalised late on Thursday. The sale follows a last minute battle for control of the business last week when an early investor, InterValley, and one of the company’s cofounders, make… Read more »
EVP has added 20 more defendants, including earlier VC investors – taking the total to 32 – in its legal action to recover $10.4 million invested in StrongRoom AI. EVP has a freezing order over the company’s assets and during a case management hearing on Wednesday added the company’s other early investors, including Artesian Ventures,… Read more »
More than 10 bids were submitted to the voluntary administrators of failed startup StrongRoom AI, hoping to snap up the value left in the business, despite it being mired in legal action over allegedly faked revenue figures and a VC investor wanting its $10 million back. Final offers for what remains of StrongRoom are due… Read more »
Financiers for Melbourne startup Strongroom AI have forced the company into administration, amid concerns about the company’s accounts. The move comes after the lead investor, EVP called in police on Monday after asking for its money back following a $17 million raise in early March. The request was declined by StrongRoom. On Friday morning, new… Read more »
Venture capital investors aren’t the only ones burnt by the collapse of upmarket furniture retailer Brosa, with customers left around $5 million out of pocket on products they paid for but didn’t get, a report on the startup’s finances by administrators, KordaMentha, reveals. Brosa was placed in Voluntary Administration on December 14 with assets of… Read more »
Metigy, an adtech startup offering AI-powered marketing solutions for small businesses has been placed in the hands of administrators, with the loss of 75 jobs. Its collapse comes just 20 months after the business raised $20 million in a Series B round led by Cygnet Capital amid ambitions to go global. Sydney insolvency and restructuring… Read more »
Responding to the growing needs of sporting organisations, JARO were quick to adapt and their platform now encompasses high performance, marketing, player welfare and coaching tools.
High-flying adtech startup Unlockd has been placed into voluntary administration as it looks to deal with the fall out of what it has deemed “anti-competitive conduct” from Google.
Cribber is an app facilitating communication and compliance between tradies and site manager through a daily content “bulletin board”.
A cybersecurity founder who had a $100 million exit is back with a new idea and a $9.2 million Seed round from Paladin Capital 
Reality bites for Blackbird-backed room rental startup Kiki as it departs the Big Apple 
Series A-focused climate tech VC hits $50 million for fund’s 1st close 
Hot founder tip: check your WhatsApp messages for Canva billionaires looking to buy your startup 
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