The dream is over for drone delivery startup Swoop Aero, with creditors voting on Tuesday to place the venture capital-backed business in liquidation. Swoop raised more than $26 million in VC funding, with CSIRO-backed Main Sequence, impact fund Giant Leap, US investor In-Q-Tel, the defence tech investment arm of the CIA, Artesian, Folklore Ventures, Right Click… Read more »
Queensland biotech company Ellume Health, which just two years ago was riding high after winning a $300 million US government Covid contract, has been placed in liquidation after a takeover offer for the failed business fell through. The Australian arm of the global business entered voluntary administration last August. It subsequently emerged that it owed… Read more »
Providoor, the restaurant meal delivery service born in response to the Covid lockdowns, has been fallen victim to their end, and was handed over to liquidators today. Melbourne chef and Providoor founder Shane Delia confirmed the demise of the business, effective immediately, after just three years, on Friday afternoon. “While today is a very sad… Read more »
David Fairfull, founder of adtech startup Metigy, which collapsed into administration in July, just 20 months after raising $20 million in a Series B, has been declared bankrupt, amid regulator ASIC taking a closer look at potential insolvent trading in the company. AdNews reports that Fairfull went bankrupt this month – his second bankruptcy following… Read more »
Former ASX-listed logistics tech company GetSwift has placed its Australian arm in the hands of liquidators, while the publicly listed parent business, GetSwift Technologies, has been suspended from Canada’s NEO Exchange after filing for Chapter 11 bankruptcy protection in the US. The company’s Australian subsidiary, GetSwift Ltd, was placed into liquidation on July 29 with… Read more »
More than six months on from announcing it was pausing orders to “actively assess” its options, custom footwear startup Shoes of Prey has gone into liquidation.
SLIP, SLOP, SLAPDASH: Choice tested 20 SPF 50 sunscreens – and 80% failed 
Why the next wave of unicorns will be female-founded consumer brands rather than tech 
A cybersecurity founder who had a $100 million exit is back with a new idea and a $9.2 million Seed round from Paladin Capital 
Data centre giant NextDC is building a $2b billion digital tech campus in Melbourne 
Daily startup news and insights, delivered to your inbox.
