Robotics startup Nexobot has raised $400,000 in pre-Seed funding to deliver an affordable solution for order fulfilment in smaller warehouses. The round was backed by Skalata and Antler, to help smaller retailers and others compete against the multi million-dollar robotic systems deployed by the likes of Amazon. Nexobot was founded in 2023 by Dom Lindsay and… Read more »
Logistics veteran and former ShippIt head Dominic Culbert has joined Dyspach, in a major coup for the nascent freight industry startup. He joins Sydney-based Dyspach in the newly created role of Head of Growth Australia and New Zealand. Long-time school friends and serial entrepreneurs Pushpinder Bagga and Amit Kumar founded in September 2023. Bagga developed… Read more »
Supply chain integration platform Switchboard has raised $1.5 million from a consortium of early-stage VCs to digitise logistics. The Sydney startup was backed by Archangel, AfterWork, Investible, Skalata, Startmate, TEN13, and The Fund. Founder and CEO Hugh Dixson launched Switchboard in August 2022, having previously worked at road freight backfill startup Ofload in M&A, setting… Read more »
A Melbourne construction supply chains startup has raised $2.9 million in a Series A as it looks to expand into China. The round for Matrak was led by Singapore-based G&M Capital alongside Sydney VC Our Innovation Fund, former Aconex chairman Simon Yencken and others. Matrak was cofounded by Shane and Brett Hodgkins in 2018 with… Read more »
A Canberra-based air traffic management startup has banked $120 million for plans to run the system from space. The round in Skycraft was led by Australian arm of UK-listed fund manager Foresight, supported by CSIRO VC fund Main Sequence Ventures and Canadian pension fund OPTrust in a raise that took two years to complete. A… Read more »
Sydney-based logistics startup Ofload has raised $60 million in Series B round of equity and debt. The raise comes 11 months after the company’s $20 million Series A. The round was led by Singapore VC, Jungle Ventures, alongside existing investors Maersk Growth, the venture arm of transport and supply chain giant AP Moller – Maersk, as… Read more »
Sydney logistics software startup Ofload has acquired Melbourne freight specialist CIA Logistics in its first deal to expand nationally. Founded in 2020 with a focus on cutting inefficiencies in the trucking industry and reducing its environmental impact, this is Ofload’s first acquisition, taking its headcount to more than 120 employees in Sydney, Melbourne and Brisbane,.… Read more »
Product and pricing management SaaS startup ProductEngine has raised $1.2 million in Seed capital. The round was led by venture capital firm Folklore, with support from accelerator program Startmate. The Brisbane startup will use the investment to double its team and expand into new markets, including the US and Europe. Founded in 2019 by Jarrad… Read more »
Order fulfilment venture Shippit has raised $30 million in a series B round to expand in Asia and Australia. The round was led by New York based investment fund Tiger Global Management, which earlier this year closed an oversubscribed US$3.75 billion private-equity fund to invest in private tech companies. Germany’s Global Founders Capital was also… Read more »
Sydney logistics tech start-up Loadsmile, which only launched ahead of 2020’s coronavirus pandemic, has rebranded as Ofload and raised $2.8 million in seed funding, backed the world’s biggest shipper, Maersk. Maersk’s venture arm Maersk Growth, led the round, which between March and July at the height of the lockdowns, with support from global seed VC… Read more »
Revenue up 23% on FY19 to $429.4m Operating profit flat at $80.5m Net profit after tax up 197% to $160.8m Underlying NPAT flat at $52.6 million Dividend of 1.6 cents per share Shares in Sydney-based logistics tech company WiseTech Global skyrocketed 34% on Wednesday following the release of its 2020 financial year results. The Company… Read more »
Wisetech Global CEO & founder Richard White. WiseTech is a Sydney-based logistics company that’s pushed hard into tech in recent years Its shares jumped after beating its own revenue growth predictions for FY19 The company has invested heavily in tech development and acquisitions to scale rapidly Operating profit increased 37% to $80.2 million WiseTech… Read more »
Fresh off raising $33 million Series C round in October, Airtasker is gearing up for a busy Christmas period, today announcing a partnership with Coles to trial a delivery service across 64 Sydney stores.
Despite the buzz around on-demand startups, running a business based on logistics is difficult for everyone, whether it’s Deliveroo or smaller players.
FreightExchange connects carriers with extra capacity to those needing shipping, allowing a carrier to fill a gap in their truck with a smaller load.
AI walks, meditation and rituals – the 5 things Canva cofounder Melanie Perkins does to prevent burnout 
Telstra makes $700 million bet on AI to transform its business in Accenture joint venture 
Richard White sells more than $440 million worth of WiseTech shares 
A billionaire who spent 10 years predicting things his companies still haven’t achieved gets triggered by tech prophecy 
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