WA mining billionaire Andrew Forrest has turned his investment attention to the health tech sector, with a new $250 million venture capital fund. The VC, Tenmile, is being backed by Tattarang, the Fortescue Metal Group founder’s private investment company. Tenmile will target startups focused on unmet medical needs that support sustainable and equitable healthcare, offering seed… Read more »
Early stage venture capital fund Tidal Ventures has appointed Georgina Turner as Partner as the VC continues raising $80 million for its third seed-stage fund. A former investment banker, Turner has been a principal at Tidal since 2019, leading six deals and working on more than 20 others, including exits and IPO listings. Tidal Partner… Read more »
Welcome to Giant Leap’s Small Steps, a newsletter offering global insights and news on the impact startups landscape. We share an edited version with Startup Daily readers every fortnight. Giant Leap is Australia’s first impact venture fund, and they use this newsletter to surface the ideas and businesses that intrigue and inspire them and broaden… Read more »
LaunchVic’s Alice Anderson Fund is now a quarter of the way through its ambitious plan to back 60 female-led startups by 2024, just one year after it launched. Since launching in July 2021, the sidecar fund’s co-investments of between $50,000 and $300,000, for a combined $2.5 million, have gone to 11 early-stage startups, leveraging a… Read more »
Every week on the Startup Daily TV show, we talk to more than two dozen founders, CEOs, investors and experts about what’s happening in tech. Now you can catch the best of the show with the weekly podcast, SUDS. Each week on SUDS host Simon Thomsen has a special guest join him to discuss the… Read more »
The process of raising startup funding is notoriously difficult for early-stage founders and even more so when you don’t have strong connections to the investment community. Simply knowing where to start and how to break in can be the biggest challenge. Networks have historically been the key to opening the door to funding for early-stage… Read more »
In a year marked by rising inflation, economic chaos, imploding financial markets, a tighter VC market and retreating institutional investors, many entrepreneurs are likely wondering how they can possibly convince investors to buy into their big ideas. It’s a conundrum faced by even successful executives like Bob Iger, a 15-year CEO of entertainment giant Disney… Read more »
Motoring association the NRMA is a cornerstone investor in a new agrifood tech fund backing startups focused feeding the world. The sustainability-focused agriculture and food technology venture fund Mandalay Fund I by Mandalay Venture Partners now has more than $21 million in commitments towards its first close, with an ultimate target of $50 million. NOVONIX co-founder… Read more »
The University of Melbourne is launching two new major investment funds, worth a combined $115 million, to help researchers commercialise their work in new startups. The $15 million University of Melbourne Genesis Pre-Seed Fund, established in conjunction with Breakthrough Victoria, will provide funding for early-stage research, ideas and new technologies and will facilitate access to… Read more »
Last month, I mentioned a recent trip to North America where after meeting with many investors and founders across different stages and sectors, I counselled startup founders to brace for turbulence. Since the beginning of the year, major share market indices are down, with some tech company indices down even more. Inflation across developed countries… Read more »
Welcome to Giant Leap’s Small Steps, a newsletter offering global insights and news on the impact startups landscape. We’ll be sharing an edited version with Startup Daily readers every fortnight. Giant Leap is Australia’s first impact venture fund, and they use this newsletter to surface the ideas and businesses that intrigue and inspire them and… Read more »
Three female-founded venture capital firms have teamed up to form WinVC, an initiative focused on fostering the success of women in the VC industry. The triad involves the founders of Woolworths’ venture capital fund W23, OneVentures and Jelix Ventures. Amid an ongoing debate around female participation in the investment community, women-led VC firms now make… Read more »
NSW Treasurer Matt Kean has confirmed he’ll allocate $10 million towards a venture capital fund to support female founders as part of the 2022-23 state budget later this month. The fund will be named in honour of pioneering Sydney fashion designer, businesswoman and philanthropist Carla Zampatti, a founding member of Chief Executive Women. Kean said… Read more »
The co-founders of Sydney early-stage venture capital fund AfterWork Ventures have made the prestigious Forbes 30 under 30 as first-time fund managers. Alexander Khor, 27, and Adrian Petersen, 28, were named in the Forbes 30 under 30 for Asia in the Finance and Venture Capital category. Previous honourees include Canva founder Mel Perkins and Bumble… Read more »
A Cloud Guru co-founder and CEO Sam Kroonenburg is pouring some of the proceeds from his London-based startup’s $2 billion exit last year into local tech companies after signing on as venture partner with SecondQuarter Ventures. Kroonenburg, who founded his online learning business with his brother Ryan in 2015, landed one of 2021’s biggest M&A… Read more »
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