Brisbane artificial intelligence startup Tribu, which aids IT helpdesks and managed service providers (MSP) automate assistance requests, has raised $1.25 million from Brisbane Angels and the California syndicate founded by US investor Jason Calacanis. Tribu is using machine learning and AI to help IT support companies deal with what the industry calls “level 1” calls… Read more »
Techboard’s annual funding report finds Australian startup investment bucked the global downward trend
FY20 startup funding nearly $7 billion Private investment almost doubled to $4.48bn Blackbird led Australian VC investors with 14 deals worth $490m More than 700 Australian startups have received nearly 900 rounds of funding from around 400 investors during the 2020 financial year according to the latest annual funding report by data analysis company Techboard.… Read more »
Fashion startup Bandicoot Imaging’s $330,000 Sydney Angels investment will help reduce online shopping returns
Fashiontech startup Bandicoot Imaging Sciences is hoping to reduce one of the worst aspects of online clothes shopping – that nearly a third of garments are returned after purchase – and has scored $330,000 in a funding round led by the Sydney Angels. The company is planning to give online fashion retailers a new way… Read more »
Autism support platform Rockmelon raises $3 million, customer communication startup Pendula raises $3.5 million
Sydney startup Rockmelon, which has created an education platform to help autistic children and their parents, has raised $3 million from angel investors to expand internationally.
One of Jason Calacanis’s personal theories is that a great founder can come from anywhere, he said, and the founders he met in Australia surpassed his expectations. One note, though: think bigger.
Although there were varying opinions on the open-sourced legal document templates created by Australian VCs, most lawyers agreed that the terms presented in the templates are more appealing to investors than startup founders, and that startup founders should seek legal advice and negotiate important amendments.