Sydney biotech company SpeeDx has raised $26 million for US expansion and to ramp up its diagnostic technologies for illness such such as cancer. The raise included $5 million from Dr Andrew Forrest’s new $250 million VC fund Tenmile, which the WA mining billionaire launched last year with backing from his private investment company, Tattarang. Existing… Read more »
A $30 billion project to send solar-generated power made in Australia to Singapore has been placed in voluntary administration (VA) amid a reported falling out between its key backers, the tech and mining billionaires Mike Cannon-Brookes and Dr Andrew Forrest. Cannon-Brookes and Forrest are cornerstone investors in Singapore-based Sun Cable – the Atlassian co-founder through his private… Read more »
WA mining billionaire Andrew Forrest has turned his investment attention to the health tech sector, with a new $250 million venture capital fund. The VC, Tenmile, is being backed by Tattarang, the Fortescue Metal Group founder’s private investment company. Tenmile will target startups focused on unmet medical needs that support sustainable and equitable healthcare, offering seed… Read more »
Western Australian billionaire Andrew Forrest has lodged criminal proceedings against Facebook over cryptocurrency scam ads that used his name and image. Dr Forrest, chair of Fortescue Metals Group, and a major tech startup investor, has alleged that Facebook breached federal anti-money laundering laws by failing to remove the ads, which have been appearing on the… Read more »
Shares in alternative drugs development company Emyria (ASX: EMD) popped 20% today on news that mining billionaire Dr Andrew Forrest’s family investment firm, Tattarang, had invested $5 million via a share placement. Emyria (ASX: EMD) shares closed at $0.39 cents following Monday’s trade after news of Tattarang becoming a strategic investor at $0.25 cents a… Read more »
Western Australian mining magnate Andrew “Twiggy” Forrest is moving into the fintech space, backing consumer-to-business payments startup Azupay, taking an undisclosed majority stake through his investment company Tattarang. Azupay is the first and only to go live on the New Payments Platform (NPP), which is being implemented by the NSW Government’s Department of Customer Service.… Read more »
The mining billionaire’s photo has been used by scammers in social media ads for cyptocurrencies Forrest is one of several high-profile Australians the scammers falsely claim back crypto schemes that cost those who’ve believed the ads millions of dollars Facebook says its doing its best to combat the fake ads Forrest wants governments around the… Read more »
The Canva brand is now worth more than Woolies, Telstra and Bunnings
VC-backed crowdfunding platform Stride Equity is offering a new funding model for startups
Female-founded fermentation startup Cauldron lands $10.5 million to transform how new foods and fibres are developed
Antler Investor Memo Series: Adtech startup MADU monetises visual content in a post-cookies publishing
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