A six-year-old retail products price comparison tool developed by one of iSelect’s cofounders has raised $7.5 million in a deal that give it a $37.5m post-money valuation. The round for Zyft was led by PSC Insurance founder Paul Dwyer, with support from angel investors. Dwyer’s formerly ASX-listed insurance broker was acquired by UK rival Ardonagh… Read more »
A Sydney startup tackling visual merchandising for retailer has raised $6 million (US$3.75m) in a second Seed round as it looks to ramp up its presence across the Pacific amid rapid growth in the US market. US VCs Coreline and Veridical Ventures led the round for Flagship, with support from Tidal Ventures, and Macdoch Ventures, for… Read more »
Early stage investment company Antler Australia recently backed a new cohort of startups as part of its ongoing program to build great local tech companies. Startup Daily is sharing the details of each venture in the “Antler Investor Memos” series, which is designed to give you a quick, sharp understanding of the startups and people… Read more »
An artificial intelligence (AI) startup of develop real-time data analysis of sales for retailers has raised $4 million in a Seed round led by Square Peg. GoodWork.ai is working with global retailers to build analytics AI for retail merchandise, finance and operations teams to make trade performance analysis fast and easy. The AI analyses the… Read more »
Online retail deals marketplace Little Birdie will spring back to life two months after its sudden shuttering after being acquired by cashback sales platform Cashrewards The terms of the deal were not disclosed. But Little Birdie’s resurrection is undoubtedly is a big win for ANZ’s venture team, 1835i, over rival CBA. CommBank was part of… Read more »
You might have seen viral videos of Wendy’s drive-thru customers in the United States ordering their fast food from the firm’s generative AI bot Wendy’s FreshAI. Most show a very human-like transaction punctuated with cries of amazement at how fast, accurate and polite the system is. While the system and others like it are in… Read more »
Merchandise data startup Flagship has raised $2 million in a Seed round to help retailers to make better data-based decisions of maximising product appeal for in-store shoppers The round led by Sydney VC Tidal Ventures, with support from Afterpay’s billionaire cofounder Nick Molnar, backing his brother Simon’s startup play. Macdoch and Co Ventures, NRL player Luke… Read more »
Venture capital investors aren’t the only ones burnt by the collapse of upmarket furniture retailer Brosa, with customers left around $5 million out of pocket on products they paid for but didn’t get, a report on the startup’s finances by administrators, KordaMentha, reveals. Brosa was placed in Voluntary Administration on December 14 with assets of… Read more »
Peak retail group, the Australian Retailers Association (ARA) has formed a partnership with clean-tech startup Greener to help retail and hospitality small businesses move towards net-zero emissions. The deal will see them co-design a new digital solution, Greener Business, to help ARA members understand and prioritise the steps they can take to reduce their carbon… Read more »
A new e-commerce venture originally developed by Catch Group founders Gabby and Hezi Leibovich’s has scored a record $30 million from the Commonwealth Bank prior to its launch. CBA’s taken a 23% stake in Little Birdie, valuing the business at $130 million before the online retail deals marketplace has sold a single product. The Melbourne… Read more »
Pioneering presence detection technology company Foresense Technologies Ltd is preparing to list in 2021 having recently raised more than $2.7 million in equity capital. The company will use the funds the roll out of digital sensors across Australian and international bricks and mortar retail outlets as it seeks to connect the virtual world to the… Read more »
Designerex co-founder Kirsten Kore As a woman in the tech industry, you may find yourself being the only one in the crowd. One of the first things I find myself doing when I walk into the conferences and meet-ups, is look around to find my fellow female founders. Thankfully, there are more and more of… Read more »
The City of Sydney has partnered with Investible to run a Retail Innovation Program, an accelerator program aimed at helping traditional bricks and mortar retailers get online.
Founded by husband and wife team Emma and Joel Inteman, ShopShare is a shoppable video platform aiming to help content creators give shoppers advice.
Intelligent merchandising platform Insite AI has raised $1.8 million (NZ$2 million) in a funding round led by New Zealand firm Goat Ventures and landed a pilot with Chemist Warehouse.
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