July co-founders Athan Didaskalou and Richard Li, with Strandbags MD Felicity McGahan (centre). Melbourne luggage brand July, already set to book more than $5 million revenue in its first year, has raised A$10.5 million in a Series A, led by veteran accessories retailer Strandbags and a private investor. Strandbags is owned by Michael Lewis, chairman… Read more »
Have you ever wondered why venture capital (VC) firms appear to invest largely in B2B rather than consumer startups? Are they more profitable and quicker to generate revenue? Do they pose less risk, or do they have lower failure rates? The truth is actually none of these. The major reason is simply that the volume… Read more »
“Shortly after our consumer launch, the reality that everything was going to be infinitely harder than we had anticipated started to sink in.”
Today financial services group FlexiGroup has announced a $2 million investment into Perth fintech startup Kikka Capital. FlexiGroup has agreed to acquire a minority equity interest in Kikka with an option to increase investment in the future.
Looking to further support and boost local businesses working in the B2C sector is Sydney startup InPin.biz. The startup is creating an online ecosystem for small businesses and diverse professionals to digitally market themselves.
Follow[the]Seed to invest $50 million into Australian startups, using data-driven algorithm to identify opportunities
Data-driven VC fund, Follow[the]Seed is investing $50 million into Australian startups that are seeking to raise between $500,000 to $2 million in post-seed funding. The Sydney-headquartered fund, which also operates across San Francisco, Tel Aviv and Beijing, will be using its proprietary algorithm RavingFans to identify key investment opportunities.