Melbourne startup Plattar, a cloud-based platform that allows users to create, manage, and distribute augmented reality (AR) content, has raised $1.1 million in a seed funding round led by News Corp Australia, with participation from existing investors.
Melbourne-based startup Beanhunter, which allows users to review cafés and cups of coffee around the world, has announced the closing of a $500,000 funding round.
The Slingshot Venture Fund has been awarded unconditional Early–Stage Venture Capital Limited Partnership (ESVCLP) status by the Federal Government, which will see it exempt from the standard income and capital gains taxes for investors.
Although there were varying opinions on the open-sourced legal document templates created by Australian VCs, most lawyers agreed that the terms presented in the templates are more appealing to investors than startup founders, and that startup founders should seek legal advice and negotiate important amendments.
Melbourne-based online art marketplace Redbubble has raised $15.5 million in its latest capital raise, with the company looking to use the funds to push its international expansion.
Australian founders have long expressed a longing for an investment environment that supports startups throughout the entirety of their lifecycle. Seed capital and Series A funds are now easier to raise compared to five years ago, however only a small percentage of startups make it to Series A.
On Wednesday and Thursday evenings this week, Telstra backed accelerator program muru-D presented its Demo Night to stakeholders within the Telstra organisation, potential investors, advisors and other individuals from Australia’s startup ecosystem. Class Two of the program, which began six months ago, started with 11 teams. However, only 10 of those teams managed to complete… Read more »
Entrepreneurs Al Bentley and Nick van den Berg were just as lost when trying to decode the stock market enigma, which is why they decided it was time for a startup-style intervention. Launched last month, their FinTech startup Simply Wall St was designed to make the stock market easier to navigate for Gen-Y investors who are new to the game.
Alex Turnbull, son of Federal Minister for Communications Malcolm Turnbull, may be setting an example of how Australians can work with their Asian counterparts. The Sydney Morning Herald reported today that Alex Turnbull is planning to launch a Singapore-based hedge fund, Keshik Capital, which will be “focused on Asia with the flexibility to invest globally”.
For over two decades, Australian technology entrepreneur Ron Creevey has been sprinting from business to business with one destination in mind – innovation, which is transient by its very nature.
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