Today the Senate has passed a new tax incentives for early stage investors and a scheme to improve access to capital for VCs. These two initiatives are designed to make investment for Australian startups more attractive and were measures first announced in December last year as part of the Government’s National Innovation and Science Agenda (NISA).
Sydney startup Skippr is a finance platform that wants to empower SMEs to better understand their cash flow by connecting invoice finance with cash flow forecasting.
Australian startup TruePillars recently launched to serve small and medium sized businesses seeking loans to finance growth. In turn, the startup helps investors expand their portfolios and show their support for local businesses.
Applications are now open for startups to enter River City Labs’ investor pitch event RiverPitch. The bi-annual event is celebrating its 9th edition and expects the number of participants to triple in size from last year.
From the get go, accelerator muru-D has always had a global outlook and strong international support networks. First launching in Sydney, the program has expanded into Brisbane and Singapore, and is now set to tackle the world’s biggest startup ecosystem, Silicon Valley.
Eight months ago Melnik launched Funnel Ventures to help bring Australian entrepreneurs into the US and bridge the connections between the two startup ecosystems.
Queensland fintech startup funding.com.au is the first of its kind to take a step into the collosal mortgage market, providing real estate secured loans to borrowers.
I’ve been in the Bay Area for almost two years and the biggest learning curve I see for Aussie founders centres on the business culture and the subtle, unwritten rules that exist in the tech industry here. One of the most nuanced cultural differences is around how to get and make introductions.
Sydney fintech startup Neu.Capital is one of the first global marketplaces for established mid-market companies to source alternative capital. The startup opens these companies to a wide range of investment offers from both Australian and overseas investors.
A number of US investors have arrived in Melbourne for a roundtable at the Victorian Parliament today. The roundtable will see the investors, including Thiel Capital portfolio manager Matt Danzeisen, DOM Capital Group managing partner Tony Owen, and Trimantium Capital co-chairman Roderick Thomson, meet with Victorian ministers and business executives to discuss investment in Australian innovation.
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.
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.
Earlier this week Sydney based startup accelerator muru-D backed by Telstra, held its first presentation night for the current class two participants.
A new startup DataFox has emerged, offering what appears to be a holistic and automated solution that allows investors to make better investment decisions. Google Ventures Partner Dave Munichiello even said that DataFox “is well positioned to help foster a new era of transparency in the world of private-company data.”
Home intelligence startup Ninja Blocks has today announced a USD$700,000 capital raise. The news follows a successful Kickstarter crowdfunding campaign completed in January through which the startup raised a little over $700,000, more than six times its pledged amount. Investors in the latest fund round are both local and international, and include SingTel Innov8, Blackbird Ventures and 500 Startups.