Bookended by Canva’s $51 million unicorn-making round in January and Deputy’s $111 million Series B at the end of November, Australia saw venture capital investment in local startups reach $1.25 billion in 2018.
Almost $850 million (US$630 million) of venture capital was invested in Australian startups in the 2017-18 financial year, a new record for the local ecosystem.
KPMG Australia’s High Growth Ventures practice has partnered with Taronga Ventures to develop opportunities for Taronga’s RealTech Venture Fund.
KPMG will look to address the core needs of startups gearing up for growth, and “bring the rigour, expertise, and connections” of a global firm.
Generation Instagram startup The Daily Aus banks $1.2 million from Canva execs and former Nine boss David Gyngell
Neobank Volt is shutting down after failing to find fresh capital
The Victorian government is investing $100 million into university startups
Turnbull-backed medtech startup HealthMatch makes half its staff redundant
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