The Daily Edited
Business

The retailer that bought luxury fashion startup The Daily Edited from voluntary administrators 15 months ago went into VA today

- April 4, 2024 2 MIN READ

Monogramed luxury fashion startup The Daily Edited (tde.) is back in voluntary administration, just 15 months after the brand was sold to former Myer boss Bernie Brookes. Marquee Retail Group (MRG), which scored tde.’s flagship store in Sydney’s Queen Victoria Building, when it bought the 10-year-old business in December 2022, handed the books to administrators… Read more »

Adrian Knack
Business

Queensland renewables startup Redback Technologies placed in voluntary administration

- March 11, 2024 < 1 MIN READ

Brisbane solar battery startup Redback Technologies has handed its books to voluntary administrators. McGrathNicol were appointed administrators of Redback Operations Pty. Ltd on March 5, as the company was in Sydney exhibiting at the Smart Energy Expo. Redback continues to trade as the administrators seek expressions of interest for the sale or recapitalisation of all… Read more »

piggy bank broken
Business

B2B BNPL BizPay, which hoped to list at a $400 million valuation, has been placed in voluntary administration

- November 28, 2023 2 MIN READ

Invoice payment buy now pay later (BNPL) fintech BizPay was placed in voluntary administration last week Jonathon Keenan and Peter Krejci from BRI Ferrier were handed the books as administrators on November 23. The company’s website says no new loans are being issued while a restructure is being explored. Ironically for a fintech offering a… Read more »

Laura Keily
Business

Legal disputes startup Immediation placed in voluntary administration after raising $19 million in six years

- November 2, 2023 2 MIN READ

Online dispute resolution platform Immediation was placed in voluntary administration last week, seven months after the startup’s founder and CEO departed amid a $2.8 million capital injection. Joanne Dunn and David McGrath from FTI Consulting were appointed administrators to 3 Australian entities: Immediation Pty Ltd (the head company), Immediation Platform, and Disputech IP Holdco, on… Read more »

Mike Cannon-Brookes
Climate Tech

Mike Cannon-Brookes gets his hands on the $30 billion SunCable project

- September 11, 2023 3 MIN READ

Atlassian cofounder and billionaire investor Mike Cannon-Brookes has taken charge of the $30 billion SunCable solar power project he once labelled as “insane”, with the deal to buy it from the company’s administrators going through last week. Helietta Holdings a joint venture company affiliated with his family venture capital firm, Grok Ventures, in partnership with… Read more »

Nourish Foods cofounder Monica Meldrum
Business

Nourish Foods is up for sale after being placed in voluntary administration

- September 6, 2023 2 MIN READ

Nourish Foods Pty Ltd, the parent company of organic children’s food brand Whole Kids, has been placed in voluntary administration, just months after it failed to raise $1 million via crowdfunding.   The 18-year-old B Corp-certified family business is now being put on the market by administrators Tim Heesh and Mark Everingham of TPH Advisory after… Read more »

Sans Drinks founder Irene Falcone
Business

Sans Drinks gets a second shot as Just Wines acquires it from administrators

- August 25, 2023 2 MIN READ

Nourished Life founder Irene Falcone’s Sans Drinks will get a second life with business being acquired from its administrators by online retailer Just Wines. The online non-alcoholic drinks store was placed in voluntary administration in mid July, with Falcone citing a challenging and changing retail environment. The sale is a surprising turnaround for the business… Read more »

Different cofounders Ruwin Perera and Mina Radhakrishnan
Business

Indifferent: AirTree & CBA-backed proptech handed to administrators after raise attempts fail

- June 30, 2023 2 MIN READ

Residential property management startup Different, has been handed to administrators, unable to attract new capital, despite being backed by Airtree and the Commonwealth Bank’s venture arm, X15. Seven-year-old Different Technologies Pty Ltd was placed in voluntary administration with KPMG on Thursday. Founded in 2017 by expat Silicon Valley entrepreneurs, Mina Radhakrishnan, a former Uber global… Read more »

Mike Cannon-Brookes
Business

Atlassian’s Mike Cannon-Brookes wins the billionaires battle for flailing renewable energy startup Sun Cable

- May 26, 2023 2 MIN READ

The battle for control of failed renewable energy startup Sun Cable between billionaires Mike Cannon-Brookes and Andrew Forrest has been won by the Atlassian cofounder. Sun Cable’s voluntary administrators FTI Consulting, announced on Friday afternoon that they’d entered into an asset sale agreement (“ASA”) with Helietta Holdings 1 Pty Ltd, an entity affiliated with Grok… Read more »

Everledger founder Leanne Kemp
Business

Brisbane blockchain provenance startup Everledger placed in administration after funding evaporates

- May 9, 2023 2 MIN READ

Blockchain provenance startup Everledger has been placed in voluntary administration after an existing investor failed to follow through on the 2nd tranche of their funding. The Brisbane tech company, founded in 2015 by former Queensland chief entrepreneur Leanne Kemp, offers supply chain traceability using blockchain, artificial intelligence, intelligent labelling and Internet of Things. They were… Read more »