Nothing excites investors and markets more than an emerging technology predicted to transform the way we live and work. Cloud accounting, NFC payments, mobile phones and social networking have all been this transformational force. Others have been hailed as the next big thing, to then plateau abruptly, or even fade into obscurity. Amazon’s Kindle is… Read more »
Telstra’s investment boss is worried startup funding valuations are the top of the market as VC competition pushes them too high
Record amounts of capital are flowing into the Australian startup sector, but competition between venture capital (VC) firms keen to back a winner are pushing valuations beyond potential returns at an exit, the boss of Telstra Ventures believes. Matthew Koertge, co-managing director of the $735 million fund, told the AFR Telstra Ventures had walked away… Read more »
After announcing its launch last November, investment bank Investec has raised $45 million to reach the first close of its Emerging Companies Fund 1.
More money in venture capital means more companies can be funded in the Australian ecosystem, argues AirTree Ventures’ Daniel Petre.
HubSpot is the latest company to move into the corporate venture capital space, building on its handful of investments with the launch of a dedicated US$30 million ($41.5 million) fund.
Government and business must overcome short-term thinking if Australia is to prosper: Hostplus CIO Sam Sicilia
Having invested $900 million into venture capital so far, Hostplus CIO Sam Sicilia believes the fund is helping to build a prosperous future for Australia.
Singapore-based venture capital firm Qualgro has announced it has completed the first close of its second fund, with US$60 million of the US$100 million ($137 million) target committed.
VC firm Reinventure Group has closed its third $50 million fund, with Westpac once more backing the firm as it looks to expand its focus to Asia-Pacific.
Australia’s BlueChilli has partnered with Singapore-founded venture capital firm Hatcher+ in a deal that will see US$125 million ($162 million) invested in up to 240 startups identified by BlueChilli over the next three years.
Australian VCs come together to support women-led startups with office hours on International Women’s Day
To be held at Fishburners on International Women’s Day will be a group session helping founders work through a problem, followed by 1:1 office hour slots.
Venture capital investment into Australian startups grew 1.4 percent in 2017 to hit US$555.63 million ($698 million), though the number of deals fell from 185 in 2016 to 135.
Ben sits down with Gina to talk about what it was like to start a business within the dial-up era as well as the relationship between investors and founders
Tempus Partners has announced the establishment of ‘Tempus Fund 2’, a $40 million fund with which it will look to invest in local B2B and scalable startups.
Galileo Ventures, is looking to raise $20 million to support startups founded by students at Australian and New Zealand universities.