Business

Five years after hitting the ASX with a $610 million market cap, small business lender Prospa is delisting with a $74m takeover bid

- February 27, 2024 2 MIN READ

Small business lender will disappear from the ASX within months following a $74 million takeover bid from the Melbourne-based Salter Brothers Tech Fund. While the offer of $0.45 cents a share is a 22% premium on Prospa’s (ASX:PGL) closing price of $0.37 cents on Monday, it’s a far cry from when the business listed at… Read more »

Octopus Deploy, Sonia and Paul Stovell.
Business

Queensland quiet software giant Octopus Deploy snaps up US rival for $43 million

- February 27, 2024 3 MIN READ

Brisbane enterprise software scaleup Octopus Deploy has acquired a US rival, Codefresh, in a deal worth reportedly worth US$28 million (A$42.6m). It’s the first major acquisition by the quiet achiever of the Queensland tech scene, one of the largest privately-held companies in the DevOps ecosystem. While no figure was mentioned in the announcement, media reports… Read more »

Adatree, Shane Doolan. Jill Berry
Business

Open banking startup Adatree acquired by payments fintech Fat Zebra

- February 6, 2024 2 MIN READ

Open banking facilitation startup Adatree has been acquired by Sydney small business payments provider Fat Zebra for an undisclosed sum. The Sydney regtech platform was the first early-stage startup approved to take part in Australia’s open banking system as Accredited Data Recipient (ADR) for the Consumer Data Right (CDR). Adatree helps fintechs gain access to… Read more »

Lauren Swidenbank, Jess Ruhfus
Business

Brand collaboration platform Collabosaurus acquired by Cali Social founder

- December 31, 2023 < 1 MIN READ

Bootstrapped brand collaborations startup Collabosaurus has been acquired by marketing guru Lauren Swidenbank. The terms of the M&A deal were not disclosed. Swidenbank is CEO and founder of Cali Social, a performance marketing agency specialising in female-first brands. She said the acquisition as a strategic move to expand into tech and leverage Collabosaurus’s unique position… Read more »

Great white shark
Business

Linktree gobbles up and kills off competitor Koji

- December 15, 2023 2 MIN READ

Australia link-in-bio platform Linktree has acquired two-year-old competitor Koji from its parent company GoMeta for an undisclosed figure. In the tortured syntax beloved of tech titans. Linktree said in a blog post that Koji’s link-in-bio product “will be sunset” on January 31. We take that to mean shut down rather than a glowing golden light… Read more »

Business

Accidental edtech founder Edwina Sharrock exits Birth Beat to help more women succeed

- December 4, 2023 3 MIN READ

Founder Edwina Sharrock says the decision to exit from her 8-year-old edtech startup Birth Beat is like selling a child. The childbirth education platform has been acquired by Device Technologies for an undisclosed sum. Birth Beat offers comprehensive, interactive digital childbirth education, as well as baby and child first aid courses, that have helped more… Read more »

Atlassian, Mike Cannon-Brookes, Scott Farquhar.
Business

Atlassian gobbles up another startup – bootstrapped Melbourne IT data platform AirTrack – to build out Jira

- November 2, 2023 2 MIN READ

Workplace software giant Atlassian made a second acquisition in October, alongside its $1.5 billion M&A deal US video messaging startup Loom, snapping up Melbourne IT data quality management busines AirTrack. AirTrack helps enterprises gather, aggregate, and analyse multiple sources of data used across IT to make it easier to pinpoint and remediate any issues. The… Read more »

Venture Capital

Brisbane SaaS investor VentureOn Partners moves into proptech, acquiring Story Bridge Ventures

- October 23, 2023 2 MIN READ

Queensland software-as-a-service (SaaS) investor VentureOn Partners has acquired fellow Brisbane VC Story Bridge Ventures as it looks to move into the proptech (property technology) and contech (construction technology) spaces. VentureOn, cofounded in 2023 by four SaaS founders and operators, specialises in software companies, offering working capital and operational experience from a team of software tech… Read more »

Providoor
Food and drink

The publisher of Rolling Stone has brought chef meal delivery startup Providoor back to life

- October 23, 2023 2 MIN READ

Meal delivery service Providoor is staging a comeback six months after it shut down suddenly, with a range of celebrity chefs backing the reborn startups, now owned by Seventh Street Ventures founder Sam Benjamin. Born in response to the Covid lockdowns in April 2020 by Melbourne chef Shane Delia. It subsequently expanded into the NSW and… Read more »

WiseTech Global founder and CEO Richard White
Business

Software logistics giant WiseTech acquires shipping container marketplace MatchBox Exchange

- October 5, 2023 2 MIN READ

ASX-listed WiseTech Global is back in acquisitive mode, snapping up Melbourne shipping container marketplace  MatchBox Exchange. While the cost of the acquisition was not disclosed WiseTech (ASX:WTC) announced it had issued 445,769 new shares, worth around $27.6 million, “to the vendors to part-fund the consideration in relation to the acquisition of MatchBox Exchange”. MatchBox Exchange… Read more »

Paul Tory, Josh Goulburn
Funding

Produce marketplace Foodbomb acquired by hospitality ordering company

- September 20, 2023 2 MIN READ

Foodbomb, a six-year-old wholesale food marketplace, has been acquired by hospitality ordering platform Ordermentum for an undisclosed sum. Founded in 2017 by Paul Tory and Josh Goulburn, Foodbomb raised $4.5 million in a Series A two years ago. Its backers include EVP, Athletic Ventures, Aura Ventures, Tony Gandel’s family investment vehicle, Tahmedia, and Platform Advisory Partners.… Read more »