ASX-listed investment fund Blue Sky (BLA) has been placed in receivership over a $50 million loan to US financier Oaktree Capital Management. In a statement to the ASX today, KordaMentha said it had been appointed receivers and managers to Blue Sky Alternative Investments Ltd as the business was in breach of a financial covenant relating… Read more »
Pitches are difficult to get right. Despite all the blogs and material about how to perfect startup pitches, presenting to investors is still a challenging task. Founders often obsess over their pitch: from fine-tuning the value proposition to religiously following Guy Kawasaki’s 10/20/30 model, cramming as much as possible in their 20-minute pitch to… Read more »
Melbourne-founded fintech Airwallex is the latest Australian startup to hit unicorn status following the closing of a US$100 million ($141 million) Series C round led by DST Global.
CRM software company Salesforce has launched a US$50 million ($70.5 million) Australia Trailblazer Fund to invest in local startups.
Artesian Venture Partners has partnered with the Grains Research and Development Corporation to launch GrainInnovate, a $50 million agtech fund.
Autism support platform Rockmelon raises $3 million, customer communication startup Pendula raises $3.5 million
Sydney startup Rockmelon, which has created an education platform to help autistic children and their parents, has raised $3 million from angel investors to expand internationally.
GOFAR has created a device that, plugged into a vehicle’s diagnostic port, can track a driver’s performance, monitor the car’s health, and easily log mileage expenses via a connected app.
Sydney-based venture capital fund Equity Venture Partners will be looking to invest in early-stage business-to-business (B2B) software companies.
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.
Bookended by Canva’s $51 million unicorn-making round in January and Deputy’s $111 million Series B at the end of November, Australia saw venture capital investment in local startups reach $1.25 billion in 2018.
Giant Leap Fund invests in purpose-led companies working across the themes of sustainable living, health and wellbeing, and empowering people.
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.
We sat down to chat with Melissa Widner, general partner at NAB Ventures, the venture capital arm of National Australia Bank.