Melbourne lawtech startup Plexus, has closed the largest venture capital raise in Australian legal history, $4.65 million in Series A funding, led by KPMG. The professional services company’s legal arm, KPMG Law has also formed a strategic alliance with Plexus. Aconex co-founders, Rob Philpot and Leigh Jasper, and Message Media co-founder Grant Rule also participated.… Read more »
According to KPMG, 62 percent of Australian startups don’t have any women on their boards.
Bookended by Canva’s $51 million unicorn-making round in January and Deputy’s $111 million Series B at the end of November, Australia saw venture capital investment in local startups reach $1.25 billion in 2018.
Digital transformation and trust among the biggest fears keeping Australian business leaders up at night
Digital transformation and innovation and disruption are the two big fears keeping Australian business leaders up at night, a survey has found.
Almost two thirds of Australian workers believe that their employer investing in mental health and wellbeing would improve productivity, a report has found, while 55 percent believe it would reduce sickness and absenteeism.
Seven Australian companies have made this year’s Fintech100 list, with buy now, pay later service Afterpay the highest ranked at 26.
With startup founders working an average of 64 hours a week and the majority drawing a smaller salary than in their previous role, 96 percent report feeling stressed.
Almost $850 million (US$630 million) of venture capital was invested in Australian startups in the 2017-18 financial year, a new record for the local ecosystem.
KPMG Australia, the Commonwealth Bank, and Microsoft have partnered to launch Wiise, a platform providing cloud-based business management software aimed at the small to medium enterprise (SME) market.
Northern NSW startup Nuonic has today announced it has received strategic investment from, and launched an alliance with, KPMG Australia.
Venture capital investment into Australian startups grew 1.4 percent in 2017 to hit US$555.63 million ($698 million), though the number of deals fell from 185 in 2016 to 135.
Alan Jones, advisor at BlueChilli and prolific angel investor, has joined KPMG Australia’s High Growth Ventures practice, taking up the role of Entrepreneur in Residence.
Smartpay is a payments company which offers its own open payments service API and physical EFTPOS devices to merchants and retailers.
The report from Committee for Sydney and KPMG found that the number of fintech companies in Australia has grown from fewer than 100 in 2014 to 579 today.