Investors in OIF Ventures have given the Sydney VC a ringing endorsement pouring another $140 million into its third fund – $40 million more than the original plan. A majority of Fund III’s capital came from existing investors in OIF Ventures Fund I and Fund II, which includes ASX-listed company execs, family offices and high… Read more »
Gaming user-generated content (UGC) platform mod.io has raised US$25 million (A$35M) in a series A. The round was led by the VC arm of the world’s largest video game vendor Tencent. The Chinese company joins in LEGO Ventures, OIF Ventures and existing investors Makers Fund, Play Ventures, Sequoia Capital India’s Surge and GameTech Ventures in the… Read more »
Freelancer and solo entrepreneur accounting platform Bookipi has raised $1.6 million in a seed round co-led by Sydney VC Our Innovation Fund and Steve Baxter’s investment syndicate TEN13. Bookipi, founded in 2017, is targeting the freelancer and micro SME sector with its book-keeping platform and already has a user base of more than 640,000 customers… Read more »
Nearly 9000 taxi drivers just scored $152 million from Uber as compensation for its illegal launch in Australia 
Breakthrough Victoria pivots with $7.5 million startup fellowship program to create 50 startups 
Fresh from its $272 million win against Uber, class action lawyers Maurice Blackburn are now eyeing off Google’s adtech 
Zip cofounder Larry Diamond makes his exit to focus on philanthropy 
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