Today VentureCrowd announced the completion of a $643,000 equity crowdfunding raise for Australian tech education startup Zookal along with a new fundraising campaign for e-sports network GAMURS.
On the surface it all seems like a nice gesture, two teams of passionate startup founders giving back to the community, but when we start to peel back the layers of the onion, we begin to see the framework of a very clever acquisition strategy that, in the long term, benefits Pocketbook and puts them on the path of reaching 1 million users.
For some students, the idea of starting a business is too far-fetched. Others are sitting on the idea, and need a metaphorical kick in the behind to get them going. To help foster a culture of entrepreneurship, startups Pocketbook and Zookal have come together to launch a scholarship programme for Australian university students.
Zookal are great at generating newsworthy stories about themselves, and this one comes just days before the team meets with US investors to open up a series B capital raise. Ahmed Haider who is the cofounder of Zookal is also cofounder of Flirtey along with Matt Sweeney. There is no denying the pair are in fact onto something with the new delivery technology, however I feel we have had a case of premature media ejaculation.
Australia’s largest student portal, Zookal, raised AUD$600K in its latest investment round led by CFO of Gemini Israel Venture Funds, Omer Regev, and Silicon Valley’s Filtro Investments. This round brings total investment in the company to AUD$2.1 million.