Cryptocurrency

FTX Australia is in administration

- November 11, 2022 2 MIN READ

The Australian arms of crumbling cryptocurrency empire FTX have been placed in voluntary administration. Scott Langdon, John Mouawad and Rahul Goyal of KordaMentha Restructuring took over as administrators of the Sydney-based cryptocurrency businesses  FTX Australia Pty Ltd and subsidiary FTX Express Pty Ltd on Friday following a board meeting earlier today that decided to place… Read more »

Other

The Australian arm of Queensland biotech Ellume Health has been placed in voluntary administration

- September 2, 2022 2 MIN READ

Queensland biotech startup Ellume Health, which last year won a $300 million US government contract to supply Covid home testing kits, has placed its Australian business in voluntary administration. FTI Consulting were appointed as administrators of Ellume Ltd on Thursday. In a statement from FTI, administrators John Park and Joanne Dunn said Ellume’s directors appointed… Read more »

Shebah
Other tech

Women-only rideshare Shebah set to survive following creditor deal

- February 14, 2022 2 MIN READ

The administrators of women-only rideshare business Shebah say the startup has been saved from collapse.  The Melbourne startup Shebah was placed in voluntary administration last October, a victim of ongoing lockdowns during the Covid pandemic. Shebah founder Georgina McEncroe tried to find new investors to ride out the pandemic, especially after revenues plummeted 70% due… Read more »

George McEncroe
Other tech

Women-only rideshare startup Shebah placed in voluntary administration

- October 20, 2021 2 MIN READ

Melbourne startup Shebah has been placed in voluntary administration, a victim of ongoing lockdowns during the Covid pandemic. Administrators Sam Kaso and Rachel Burdett of Cor Cordis said they will try to save the country’s only women-focused rideshare business through a sale or restructure. “Shebah will continue to operate as normal while we stabilise the… Read more »

Data republic, Paul McCarney
ASX

ASX-listed software security company IXUP is buying Data Republic’s $50 million tech platform for $3m

- June 7, 2021 2 MIN READ

ASX-listed data security company IXUP Ltd (ASX:IXU) has scored a software bargain from the administrators of failed tech startup Data Republic, buying the data exchange’s intellectual property and IT for just $3 million. The purchase price represents a 94% discount to the almost $50 million Data Republic spent building the platform. The acquisition came from… Read more »

Data Republic
Topics

Sydney data exchange startup Data Republic has been placed in voluntary administration

- May 7, 2021 2 MIN READ

Data exchange startup Data Republic has been placed in voluntary administration after seven years and raising more than $30 million from prominent investors including ANZ, Westpac’s Reinventure, NAB Ventures, Singtel Innov8, Qantas Loyalty and Singapore Airlines. Founded in Sydney by Paul McCarney and Danny Gilligan in 2014, the business had expanded to have offices in… Read more »