Startmate
Accelerator

Startmate ramps up early-stage startup valuations to $1.5 million, investing $120,000 in its next cohort

- October 27, 2021 2 MIN READ

Australian and New Zealand accelerator program Startmate is increasing the investment it makes in startups $75,000 to $120,000 as it goes on the hunt for its summer cohort. It’s also increased the valuations by 50% to $1.5 million, in a move that means the equity investment remains roughly the same, increasingly from 7.5% to 8.5%.… Read more »

octant, David Porter, Scott Power, Craig Mortense
Artificial Intelligence

Queensland construction empire BMD bets $1 million on AI-based project management startup Octant

- August 17, 2021 2 MIN READ

Queensland construction and engineering conglomerate BMD Group has backed Brisbane artificial intelligence startup Octant AI, investing nearly $1 million for a 10% stake. Octant uses AI to for predictive analysis aimed at reducing uncertainty in projects to manage costs. BMD CEO Scott Power said his company had been using the tech platform in its project… Read more »