The last few months have demonstrated the kind of volatility we can’t exactly plan for, but for which we can and should prepare. The impact of Covid-19 is multi-faceted, and a collective effort is called for to come out the other side. And there will be another side. In fact, right now, while many might… Read more »
Video editing subscription startup Clipchamp – think Canva for moving images – has raised $13.2 million in a Series A as it pushes into the US market. The round was led by Seattle VC firm Tola Capital with support from Steve Baxter’s syndicated investment platform, TEN13, and existing investors. Tola Capital partner Aaron Fleishman will… Read more »
Raising capital for most people is made to feel like there is a mysterious art to the process. The truth is, it is nothing more than a marketing and sales exercise. Marketing is the interest attraction, and sales is the conversion to an investor. The only difference, people are a lot more passionate about… Read more »
Most founders are born optimists. Such optimism spurs entrepreneurs to leave the security of their guaranteed salary and abandon four weeks of annual leave and 10 days sick leave to chase a dream of being their own boss and building an empire. Because the odds of success are not exactly compelling, a realist might… Read more »
Compass Education co-founders John de la Motte and Lucas Filer Melbourne-based schools management platform Compass Education has landed $60 million in its first major raise, with private equity firm Advent Partners taking a minority share in the startup ahead of its international expansion. The school management software platform says it’s now used by more than… Read more »
Looking at sportstech startups that have received funding since 2015 and where they have come from, NSW ranks highest for the most activity.
In reality, traction is not everything. In fact, especially to an investor, your history of growth is equally important and can even make or break a prospective investment deal.
The South Australian government has announced it has selected Blue Sky Venture Capital to manage its $50 million South Australian Venture Capital Fund (SAVCF).
Sydney customer intelligence platform Local Measure has raised $4.5 million in funding from private investors and family offices to help expand across the US and the Middle East with new offices in Los Angeles and Dubai.
Despite it being only the first week of January, it has been a busy week around the startup world. Intel has acquired Ascending Technologies, while Activision Blizzard has acquired Major League Gaming to bolster its live streaming offering. Meanwhile, airport car rental startup Silvercar has raised $28 million in a Series C round led by Audi, and restaurant POS startup Toast has raised $30 million.
Our local fetish with funding rounds are the French Bulldog equivalent of artificial insemination. We are keeping companies alive that perhaps should not be around. With over 100 incubators in the country, we are fast reaching saturation point for synthetically created companies.
Australian venture capital firms, angel groups, incubators, accelerators and other industry stakeholders have pledged to open source the legal documents used in their seed fundraising processes. Industry-wide standardised fundraising documents can now be downloaded via AVCAL’s website and used during early-stage equity investment rounds.
Alexis Ohanian, a co-founder and the executive chairman of Reddit, says Reddit Notes aren’t quite a currency. Instead, he says, consider one: “something of value, like sugar or gold or bacon.”
Overnight, it was announced that Mattermark has closed a US$6.5 million Series A funding round.
Ten years ago, Chris Strode, Founder of Invoice2go, was living with his in-laws working full time and writing code from a desk set up in the bedroom. A lot has changed since then, his company employs 45 staff and services, and now has over 120,000 active users that send out of $10 billion worth of invoices, according to Strode when we sat down for a chat at Startup Daily yesterday.
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