Skalata Venture chairman Paul Little with the fund's COO Maxine Lee and CEO Rohan Workman
Funding

Paul Little’s Skalata lands $900,000 from LaunchVic 

- May 21, 2024 2 MIN READ

Melbourne VC firm Skalata has a new investor in LaunchVic, which has backed the seed fund with $900,000.  Skalata, chaired by former Toll boss Paul Little, has been a highly active in early capital for nascent startups, making 70 investments across two funds since its l. LaunchVic will invest directly into the fund manager overseeing… Read more »

Breaking Bad, money pile
Funding

Budget 2024: It seems the federal government went dutch with Queensland on the $940 million PsiQuantum deal, but the really surprising part is a $28m fine print cost

- May 14, 2024 2 MIN READ

We now know how much the federal government is spending to bring PsiQuantum, the California-based quantum computing company with Australian founders, to Brisbane. Well, almost. The budget says $466.4 million in equity and loans from Export Finance Australia on the National Interest Account. And it seems that a fair slab is a loan “estimated to exceed… Read more »

Harikesh Pushpapathan
People

Harikesh Pushpapathan named partner at Stoic Venture Capital

- April 23, 2024 2 MIN READ

Life sciences and deep tech VC Stoic Venture Capital has promoted Harikesh Pushpapathan to partner at the fund.  Pushpapathan joined Stoic in early 2022 as an investment analyst, becoming an investment manager 12 months later. He graduated from University of Sydney with degrees in psychology, neuroscience and finance, and now sits on the Uniseeed biotech… Read more »

Business strategy

A VC explains how to avoid the most common mistake founders make – raising too much too early

- April 15, 2024 4 MIN READ

Away from the VC mega-round headlines or the hard stories of founders who can’t raise capital at any price, is the solvable problem of how much money a new founder should raise. I’ve participated in hundreds of investments where founders have opted for different answers to this question, and watched the consequences unfold over the… Read more »

The NextGen Ventures Melbourne team: Varad Chaudhari, Ikya Thearam, Mitchell Hughes and Donald La. Photo: Valent Media.
Venture Capital

Students are getting into VC with NextGen Ventures to back uni-founded startups

- April 2, 2024 3 MIN READ

Australian universities are creating extraordinary startups founded by students that are changing the world. Think tech giant Atlassian – cofounders Mike and Scott met at UNSW – to more recent successes such as gaming platform Immutable, diagnosis medtech Harrison.ai, and drone deep tech venture Propeller Aero. Now students are taking charge of the investment side… Read more »

Venture Capital

RAYN MAN: The secrets of investing in Australian startups revealed in ‘Memoirs of a dumb VC’

- April 1, 2024 4 MIN READ

Rayn Ong is the Taylor Swift of Australian venture capital. The Archangel Ventures partner has made more than 100 investments. A Startmate mentor, Blackbird limited partner and poker shark, Ong works with angel investors and venture fund mangers to co-invest in 1st and 2nd rounds for early stage tech startups. His fans, known as Ongies,… Read more »

Venture Capital

VC Square Peg has already returned $1.1 billion to investors as it gears up for a 6th fund

- March 26, 2024 3 MIN READ

Investments in tech companies such as Fiverr, Vend, Property Guru and Canva have already returned $1.12 billion to Square Peg’s early backers, the VC has revealed as it gears  to raise a sixth fund worth US$500m (A$840m). The exits across 14 portfolio companies have spanned mergers and acquisitions, secondary market share sales and public floats… Read more »

The NextGen Ventures Melbourne team: Donald La, Ikya Thearam, Mitchell Hughes, Varad Chaudhari. Photo: Valent Media.
Venture Capital

Investors have poured more than $1.2 billion into Australian student-founded startups

- March 25, 2024 3 MIN READ

University students are increasingly turning to entrepreneurship, with student-founded startups raising more than $1.2 billion since 2012. And now that investment is set to escalate dramatically with the launch of Australia’s first student-run venture capital fund. NextGen Ventures, which launches this week, has taken a deep dive into the data around VC and student founders,… Read more »

knights, joust, horse
Venture Capital

‘More than just a venture capital firm’: $2 billion sovereign fund Breakthrough Victoria hits back at critics who want it abolished

- March 23, 2024 5 MIN READ

Government-backed investment fund Breakthrough Victoria has defended itself against critics wanting it abolished saying it wants to “fundamentally reshape the innovation landscape”. The $2 billion VC fund, launched in 2021, and chaired by former Labor premier John Brumby, has been subject to a sustained media campaign for it to be dismantled, led by Adir Shiffman,… Read more »

Kids on bike with rockets
Business strategy

Why Australian startup founders should bootstrap if they really want to succeed

- March 21, 2024 3 MIN READ

Australia’s startup world glorifies venture capital as the holy grail—the insider’s ticket to fast scaling and billion-dollar valuations. FOMO sets in when headlines splash record-breaking funding rounds, fuelling a culture that views VC backing as the singular metric for success. As an ecosystem, we fixate on spinning the VC roulette wheel. Even founders who don’t… Read more »