Many entrepreneurs shy away from revealing their failures, even if those failures proved to their stepping stones to success. Founder of DrinkSpot, Nick Crang, on the other hand, candidly shares why he was left with a burning hole in his pocket and what he learned from the frustrating experiences he was faced with throughout his startup journey.
Australia’s largest student portal, Zookal, raised AUD$600K in its latest investment round led by CFO of Gemini Israel Venture Funds, Omer Regev, and Silicon Valley’s Filtro Investments. This round brings total investment in the company to AUD$2.1 million.
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.
Over the weekend (Sunday) and today (Monday) Kickstarter’s Leland Rechis has been in town letting people know how to create kick arse kickstarter videos.
Australian taxi services app Ingogo today announced an additional $1 million in funding, reaching a total of $3.7 million raised since its launch in 2011. The new investment will be used to expand ingogo into new markets across Australia and internationally.
After detecting a gap in the marketplace for programs catered towards helping technology-based social enterprises, Australian entrepreneur Omer Khan decided to launch Social Startups.
Venture Technology firm BlueChilli announced today that two of it’s investments Token One and Geepers have secured over $650,000 in angel funding.
Australian startup teamgage founded by Ben and Noelle Smit is aiming to turn managers of businesses around the world into mind readers.
Tapestry.net, the startup enabling more seniors to connect online, has secured $400,000 in funding from Commercialisation Australia. The grant will be used to extend the product to multiple platforms including the iPad and iPhone, add community-based features and accelerate the company’s international growth.
Favourit, which operates as a “Facebook for the sports betting world”, connects sports fans, their friends and licensed betting operators worldwide, providing a central hub where fans can come together to demonstrate their skills and knowledge about the most popular professional sports worldwide, including football, tennis, AFL, NRL, NFL, NBA and much more
INCUBATE Director, James Alexander, explains that not all students or graduates want to go into a graduate program when they finish university and part of INCUBATE’s success has been based on this realisation. “Starting your own or helping another young entrepreneur build a successful business can create so much value for our economy. We’re encouraging young entrepreneurs to start new global businesses here, in Australia.”
Pollenizer has launched an Information Memorandum, aiming to raise $5 million from sophisticated or professional investors to fund more startups in Australia and South East Asia. Pollenizer CEO Phil Morle says startup activity in Australia is growing rapidly and to take advantage of this growth and prevent great businesses from going overseas, Australia needs to lift its game when it comes to investment.
SMB Owners want to sell everywhere, and with their social media integration as well as integration with hundreds of other applications – Big Commerce is more and more the number one choice.The guys love and hard word has certainly paid off. Through BigCommerce, retailers have processed over $600 million in total sales, with $150 million in just the first two months of 2012, fast approaching the $1 billion mark. In less than three years, BigCommerce has helped online business owners sell more than 30 million products globally.
Brisbane based startup CINTEP are not taking a break to even slightly celebrate their recent funding success from the Australian Federal Goverment. The team are full steam ahead and hope to have as many Aussie’s as possible using their new ultra efficient shower system and stopping their money from going down the drain.