Green energy infrastructure startup National Renewable Network (NRN) has secured $10 million in funding as part of its ambition to provide low cost solar and battery setups to 250,000 Australian homes by 2030. The funding facility of up to $10 million has come from Catalytic Impact Capital, an impact/ESG-focused private credit business offering secured loan… Read more »
Perth venture capital firm Purpose Ventures has demonstrated there’s plenty of cash in the west to back local startups, raising $37 million towards a $40 million target in just six weeks. The VC opened its fund to investors on February 8 – the midst of the Silicon Valley Bank collapse and attracted $37 million in… Read more »
At Startup Daily’s recent 2023 Tech Playbook From Idea to Unicorn event, our expert panel discussed the state of capital from pre-seed to IPOs. There’s no denying that 2022 has been challenging for startups, but there are some silver linings to be found in some areas. Overall, there’s been a steep drop in venture funding… Read more »
Melbourne e-commerce platform Local Threads has raised $500,000 in pre-seed funding The round was led by Dr Qin Ding, co-founder of EMQ, a data cloud warehousing platform, with support from angel investors Alex Yin, founder of fashion brand, UOOYAA, and Eric Liam. Cofounders Adam Baodunnov, and Chris Young are hoping to empower Local Threads users… Read more »
Raising capital is a massive challenge for any startup. It’s not just the who, what and where – it’s the how. There are generally two types of capital available to a startup or scaleup: debt and equity. Debt capital is the kind you’re used to: you borrow money from a lender and pay it back… Read more »
Last year set a new record for investment in startups from Australian and New Zealand with more than $10 billion landing in the pockets of local entrepreneurs. The figures come from Chris Gillings’s Cut Through Venture newsletter which provides a monthly snapshot of the money flowing into the startup ecosystem. Investments ramped up through 2021,… Read more »
Proptech ResVu has raised $1.5 million in a strategic investment from real estate software company MaxSoft Group. The Adelaide startup has built a white label mobile app and management platform for strata companies. It plan to use the funds intends to build its sales and marketing team ahead of an international push, as well as… Read more »
Canadian capital investor Clearco has launched in Australia with a promise of $100 million on the table to back digital-first ecommerce businesses. Co-founded by Canadian tech entrepreneur and Dragon’s Den (aka Shark Tank) star Michele Romanow, Clearco has already invested in niche B2C brands Beard Market, Vegan Grocery Store and Jolyn swimwear, and offers between $10,000… Read more »
Nearly 9000 taxi drivers just scored $152 million from Uber as compensation for its illegal launch in Australia 
Fresh from its $272 million win against Uber, class action lawyers Maurice Blackburn are now eyeing off Google’s adtech 
Zip cofounder Larry Diamond makes his exit to focus on philanthropy 
SISTER ACT: Nicola Forrest drops $100 million into an investment fund to back women 
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