ASIC to take action against ‘misleading’ or ‘deceptive’ conduct in initial coin offerings
ASIC stated that initial coin offerings can “involve significant risks for investors that are often not disclosed or well understood”.
ASIC stated that initial coin offerings can “involve significant risks for investors that are often not disclosed or well understood”.
Amazon is set to open its second Australian fulfilment centre, or distribution warehouse, in the coming months, today announcing its leasing of a 43,000 square metre facility in Moorebank, in Sydney’s south west. The company’s first fulfilment centre is a 24,000 square metre facility in Melbourne’s Dandenong South, launched a few months ahead of retail… Read more »
The Victorian Government has outlined a number of initiatives in its 2018/19 Budget aimed at bridging the digital divide for those living in regional and rural areas.
Fresh off opening a space in Perth, coworking community Tank Stream Labs has brought on entrepreneur and Shark Tank judge Andrew Banks as its entrepreneur in residence. Taking office space at the community’s Sydney hubs for the next 12 months, Banks will be on hand to mentor members. Banks said he is excited to join… Read more »
Snooper, a platform that allows brands and retailers to collect data by having consumers complete ‘missions’ related to their products in stores, has raised $1 million in a funding round led by Microequities Venture Capital.
NBN Co has announced partnerships with the University of Melbourne and the University of Technology Sydney focused on research and development (R&D).
Rent, the company behind rental listings platform Rent.com.au, is set to acquire RentPay, a payments system for the rental market, from cloud accounting software provider MYOB for $425,000 in cash.
Joel MacDonald has stepped down as GetSwift CEO and chairman Bane Hunter has taken on the role as “part of [GetSwift’s] ongoing program to continually develop its governance practices as it grows”.
Australian-founded, Texas-based ecommerce company BigCommerce has raised US$64 million ($85 million) in a funding round led by Goldman Sachs, with participation from existing backers General Catalyst, GGV Capital, and Tenaya Capital. Bringing the total raised by the company since its founding by Mitchell Harper and Eddie Machaalani in 2009 to over US$200 million, the funding… Read more »
Melbourne-founded location services company Bluedot Innovation has raised US$5.5 million ($7.24 million) in a Series A round led by toll road development and management company Transurban, with participation from investors including Jeff Katz and founding CFO of PayPal, David Jacques. The funding from Transurban, which contributed US$4 million ($5.26 million) to the round, follows the… Read more »
A few months on from raising a US$40 million ($51 million) round that saw its valuation push past the $1 billion mark, online design startup Canva has acquired Zeetings, a Sydney-founded startup helping users deliver interactive presentations. The terms of the acquisition were not disclosed.
TechSydney and Tech Ready Women have shared in $80,000 in knowledge exchange grants from the City of Sydney aimed at helping the two organisations further develop the city’s startup community. Tech Ready Women, a Sydney-based incubator looking to help women without a tech background bring their startup ideas to life, has received $25,000 to run… Read more »
NSW Premier Gladys Berejiklian has announced a partnership with India aimed at enabling collaboration between Indian industry and the NSW startup, tech, and advanced manufacturing sectors. The partnership is worth $1.58 million over two years, with these funds to enable NSW startups to travel to India and foster collaboration and commercial connections. There are already… Read more »
Telehealth startup Coviu, which spun out of the CSIRO’s Data61 arm, has raised $1 million in funding from Main Sequence Ventures, managers of the CSIRO’s $200 million innovation fund. Coviu works on WebRTC, or Web Real Time Communications, where real time video conferences can take place in a person’s browser by users able copy and… Read more »
Employment platform DCC Jobs has raised $1 million in seed funding and rebranded to WORK180 as it continues on its mission to connect women with roles at organisations with a focus on gender equality.