Australian venture capital firm OneVentures has voiced its disapproval of Commission of Audit’s recommendation to abolish innovation funding programs like the Innovation Investment Fund (IIF), saying it would be “a step backwards for Australia”.
We live in a culture of immediacy. The demand for instant results has seeped into every aspect of our lives – so much, that we don’t have the patience to wait for a sandwich or taxi, let alone business growth and profitability. Is it the same for late stage capital access in Australia? Sure we want it but do we need it yet?
The Founders of Campaign Monitor, David Greiner and Ben Richardson, have just secured USD$250 million (AUD$266 million) of funds from US-based venture capital firms, after 10 years of bootstrapping. This is the largest capital injection experienced by an Australian technology startup ever.
Former Microsoft Executive and serial investor Daniel Petre is set to launch a 50 million dollar VC fund within Australia according to fairfax in an article published on AFR today.
With more start-ups coming to market quicker in Australia and many emerging growth tech companies flourishing, one of the big challenges for our technology entrepreneurs is to increase the conversion of local companies that close a VC Series A funding round.
M.H. Carnegie & Co. partners with Vivant Ventures to unearth emerging Australian technology companies
M.H. Carnegie & Co. this week announced a relationship with Vivant Ventures as part of its search for emerging Australian technology companies.
I am absolutely loving Asher Moses’ web series Digital Dreamers on the SMH every week for the past month or so, he has done a great job highlighting both sides of the entrepreneurial challenges for startups and new businesses coming out from Australia, notably in the Tech Space.