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 »
Fintech tikpay pockets $1.6 million pre-Seed round to transform transport ticketing 
RAZZLE DAZZLED: Tech careers platform Earlywork named Best New Idea for 2023 
FLYING HIGH: Food waste management innovator Goterra wins Best Sustainability Startup 
‘A truly flexible workplace’: Melbourne insurtech Kanopi wins Best Startup Culture award 
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