CEO and cofounder Fern Ho
Funding

Plant-based nutrition startup The Leaf Protein Co rolls up $850,000 pre-Seed raise

- June 12, 2024 2 MIN READ

Victorian startup The Leaf Protein Co has raised $850,000 in a pre-Seed raise as it looks to join the race for palatable meat alternatives.  The round was led by the Breakthrough Victoria-backed University of Melbourne Genesis Pre-Seed Fund, global alternative proteins VC Big Idea Ventures and LaunchVic’s recently launched agtech sidecar fund, the Hugh Victor… Read more »

Twitter HQ in San Francisco.
Social Media

X, which is owned by a bloke who wants $85bn for building cars, is threatening to sue former Australian Twitter employees because it overpaid them when they were sacked

- June 12, 2024 3 MIN READ

The social media platform formerly known as Twitter is chasing former Australian employees for money and threatening to take them to court after mistakenly overpaying them when they were fired in 2022. Twitter, now called X by its mercurial owner, Elon Musk, who was forced to buy the platform for $61 billion in mid-2022, went… Read more »

Hugh Dixson
Funding

Supply chain integration startup Switchboard delivers $1.5 million raise

- June 12, 2024 2 MIN READ

Supply chain integration platform Switchboard has raised $1.5 million from a consortium of early-stage VCs to digitise logistics. The Sydney startup was backed by Archangel, AfterWork, Investible, Skalata, Startmate, TEN13, and The Fund. Founder and CEO Hugh Dixson launched Switchboard in August 2022, having previously worked at road freight backfill startup Ofload in M&A, setting… Read more »

Dog, money, nurture
Venture Capital

Antler boss says: ‘you can count the Australian VCs writing first cheques at MVP who keep investing to Series A on one hand’ 

- June 12, 2024 2 MIN READ

I speak to hundreds of Australian founders every month from all backgrounds pursuing a wide range of businesses. However, there is one unifying view from them all: how hard it is to raise the necessary capital to scale and grow.  There’s a counter-intuitive irony here; historically, the best venture returns have come from the vintages… Read more »

AI/Machine Learning

Apple put AI into its series 15 phones and M1 chip Macs, but please don’t call it artificial intelligence

- June 11, 2024 3 MIN READ

Apple has announced how it will integrate generative artificial intelligence into its iPhones, iPads and Macs, following months of speculation. The company’s AI system, dubbed Apple Intelligence – the company has resisted using the words artificial intelligence – was announced at its annual Worldwide Developers Conference (WWDC) in Cupertino, California on Tuesday. Already lagging behind… Read more »

Funding

Bootstrapped & profitable legal tech startup Atticus takes on $10.8 million from VCs in first raise after 7 years

- June 11, 2024 2 MIN READ

Documents compliance checking startup Atticus has banked $10.84 million in its first external raise, with VCs Blackbird and Kim Jackson’s Skip Capital buying in. The Melbourne legal tech – named after the To Kill a Mockingbird lawyer – was founded in 2017 recovering corporate lawyer Saul Wakerman and former Palantir software engineers Misha Wakerman and… Read more »

sprint race finish
Accelerator

Queensland brings sportstech accelerator ASTN north to back 40 startups

- June 11, 2024 2 MIN READ

As the Brisbane Olympics loom in 2032, the Queensland government is keen to get local sportstech startups on the podium with new accelerator programs. The state government-backed Queensland Investment Corporation (QIC) is bringing Melbourne-based Australian Sports Technologies Network (ASTN) north with funding from the QIC-managed Queensland Venture Capital Development Fund (QVCDF). The accelerator and entrepreneurship programs… Read more »

Barb Hyman, Sapia.ai
AI/Machine Learning

Sapia.ai opens its machine learning models with strategic API program

- June 10, 2024 2 MIN READ

Jobs interview platform Sapia.ai is opening up its machine learning models as part of a strategic API program, launching on AWS Marketplace. The move will give companies around the world the ability to develop their own workplace-based AI applications, using the data insights Sapia.ai has gathered from more than four million job interviews involving 20… Read more »

Tyro Payments
Events

WeMoney wins 3 Finnies at the FinTech Australia awards

- June 8, 2024 2 MIN READ

WeMoney was the biggest winner at the annual FinTech Australia Finnie Awards, taking home the silver in three categories, including the People’s Choice Award for fintech of the year. The annual awards, which recognise the best in Australian fintech, saw FrankieOne take home the top gong as Fintech Organisation of The Year award, while digital… Read more »