Australian social media startup LITT, which touts itself as a ‘Facebook alternative’, broke Australian equity crowdfunding records when its campaign opened on Tuesday, raising $500,000 in just 40 minutes. The Western Australian venture then went on to have the second fastest to CSF raise to $1 million, taking 11 hours. That record was set just… Read more »
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.