The Victorian government has handed out $900,000 in grants to three new angel investor networks to back early-stage startups. Innovation, medical research and digital economy minister Jaala Pulford said Cut Through Angels, Climate Angel Network and Playbook Angel Network, each will receive $300,000. The grants will help the angel groups to establish operations in Victoria and… Read more »
Canberra medical imaging startup Aurabox has raised $500,000 in Angel investment to transform how doctors and patients collaborate and share medical imaging. Founded in 2021, Aurabox is a software-as-a-service platform that enables the seamless sharing of medical imaging between doctors and patients. The medtech startup plans to use the funds to complete technical development and run… Read more »
Australia’s ’20/12 rule’ is stifling angel investment and any chance of younger generations backing startups
When the topic of regulations that need to change to increase angel investment in Australia, an excuse that often comes up is: “Retail investors aren’t prevented from investing in startups, there’s the 20/12 rule!” Well let me tell you why that’s largely unhelpful. I recently spoke with someone who told me they were looking to… Read more »
Move over Banksy. While the anonymous UK street artist is grabbing headlines today after his semi-destroyed artwork, Love is in the Bin, sold for $34 million a Sydney sneaker marketplace has raised $1.2 million in a pre-seed round. PUSHAS was founded in 2017 by Justin Truong and Sandy Li and offers a secondary market for… Read more »
The rapid rise in Australian early stage investment platforms has continued with the launch of Melbourne-based Flying Fox. Early stage investment was considered “the valley of death” for startups in recent years due to a lack of capital. And while Australian early stage investment lags well behind the UK and US – $3.60 per capita… Read more »
The Victorian government’s startup agency, LaunchVic, is on the hunt for investors to join it in a new angel network to back what it says is the state’s largest startup sector: healthtech. The plan follows through on the 2019 Angel Network report by Professor Josh Lerner, which recommended that LaunchVic establish sector specific angel networks… Read more »
Australia’s universities are in desperate trouble, and their first move has been to cut the entrepreneurship and innovation arms they should be defending at all costs. Sometimes, there’s no satisfaction in being right with predictions; like the time back in early March, when I predicted that the tech startup accelerator programs and incubators being offered by… Read more »
A cloud-based New Zealand fintech for home loan brokers to protect customer data has raised NZ$1 million, led by the Flying Kiwi Angels. FileInvite, a cloud-based platform that streamlines how mortgage brokers and other financial advisers request, receive and store documents in loan applications has now raised NZ$2 million in 18 months as laws around… Read more »
Scale Investors director Lynda Coker accepts the award for Best angel exit of the year from Techboard CEO Peter van Bruchem. The 2nd annual Australian Angel Awards recognised the most active investors in local startups. Brisbane led the sector in FY19. Women-focused Scale Investors won exit of the year for Trademark Vision’s sale to… Read more »
Startup ecosystem analysts Techboard will announce the winners of the Australian Angel Awards 2019 at the Sydney Startup Hub next Friday, September 27, and as part of the event, is holding a panel session featuring four of the country’s best angel investors. Investible’s Trevor Folsom, Jelix Ventures founder and CEO Andrea Gardiner, Follow [the] Seed founding… Read more »
Bill Grierson is the best-known startup investor you’ve never heard of, although last year he was recognised as the country’s most active angel investor in Techboard’s Australian Angel Awards. Grierson earned the accolade with 22 investments in 16 companies in 2018. Four were new deal investments, with the remainder follow-ons. Over the past five years,… Read more »
Startup ecosystem analysts Techboard will recognise the importance of angel investors in the sector’s growth with the second annual National Angel Awards to be held in Sydney this year. The awards recognise and celebrate people and companies active in the angel investment community, the role they play in the Australian startup and tech ecosystem… 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.