NAB has partnered with healthtech startup Medipass Solutions to develop a new healthtech platform that will integrate the bank’s HICAPS system.
Westpac-backed VC fund Reinventure has today announced its seed investment in Melbourne-based payment middleware platform Doshii.
GreenSync has raised $11.5 million in a Series B funding round to facilitate further development of its technology and overseas expansion.
The Commonwealth Bank has announced the sale of its remaining stake in Visa for $439 million following a review of its capitalised software assets.
Localised is a business-to-business discovery platform that provides a space for companies to find procurement opportunities.
Fintech startup Sail Funding is bringing airport-grade ID security to SMBs seeking small business loans. The startup has already raised $8 million in funding and is one of eight Australian startups participating in the Tel Aviv Landing Pad program.
This evening Slack confirmed with Venture Beat that it had raised $200 million in funding at a post-money valuation of $3.8 billion. The round led by Thrive Capital, also saw Comcast Ventures, Accel Partners, GGV, Index Ventures, Social Capital and Spark Growth as well as a handful of others participate in the round.
It was in 2002 when Californian-born, New Zealand local David Moskovitz sold one of the country’s earliest web technology businesses and began to use the proceeds from that sale to help develop New Zealand’s startup ecosystem.
Sydney-based fashion tech startup Stashd yesterday announced a new partnership with British online clothing and beauty juggernaut ASOS. This will bring the company’s products into the palms of daily Stashd users across the 80 different markets the app now has a presence in.
Sydney-based venture technology investor and startup incubator, BlueChilli has today announced it has closed AUD$5 million in investment, which will help the firm continue in its path to grow and strengthen Australia’s startup sector. The latest round of funding was led by Australian business icon The Myer Family Investments, as well as Adelaide-based tech entrepreneur and founder of Internode Simon Hackett.
San Francisco-based marketing automation startup, Autopilot, has just secured $10 million in their Series B capital-raising round, led by Rembrandt Venture Partners.
In order to bring revenue, every startup needs to have a solid financial backup provided by investors. Before planning your budget and handing it down to people that might be interested in financing your idea, it’s worth taking a moment to rethink your strategy to ensure your prospective funds are used as efficiently as possible.
Australia’s venture capital scene has just gotten itself a new player – a major player with lot’s of resources and experience behind it. Westpac Banking Corp announced today that they will be launching its own limited partnership fund similar to those used in Silicon Valley.
With more start-ups coming to market quicker in Australia and many emerging growth tech companies flourishing, one of the big challenges for our technology entrepreneurs is to increase the conversion of local companies that close a VC Series A funding round.
Most start-ups will never raise an institutional investment round. This isn’t necessarily a bad thing. If you can reach profitability and maintain great growth rates without raising capital, do it! Why dilute yourself unnecessarily?
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