The reason why most VCs don’t invest in women-led startups is much simpler than many think

- June 14, 2024 3 MIN READ

At every conference, on every panel, year after year, the same tech leaders ponder the same question: Why don’t more women receive venture capital funding? The participants stroke their chins and furrow their brows. Perhaps, they muse, it’s due to societal gender norms that discourage women from pursuing entrepreneurship. Maybe there’s a lack of access… 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 »

Diana Callebaut
Venture Capital

Queensland backs impact VC Pollination’s $150 million fund for climate solution startups

- June 6, 2024 2 MIN READ

The Queensland government is backing in specialist venture capital firm Pollination in a new fund for local climate and nature technology startups. Pollination’s Climate and Nature Impact Venture Fund has kicked off with the Queensland Investment Corporation (QIC) as cornerstone investor through the Queensland Venture Capital Development Fund (QVCDF).  It’s been a busy week for… Read more »

Llew Jury, Georgia Barkell and Heath Shonhan
Venture Capital

Queensland backs local VC Sprint Ventures, lures Blues fund Tidal Ventures north

- June 4, 2024 3 MIN READ

Brisbane early and growth-stage venture capital fund Sprint Ventures is among four new VCs to be backed by the state government’s Queensland Investment Corporation (QIC) as part of an ambitious plan to invest in more local startups. The QIC-managed Queensland Venture Capital Development Fund (QVCDF) is the cornerstone investor for Sprint Fund 3. It follows an initial… Read more »

Will Richardson,
Venture Capital

Knowledge is worth more than money, VC Giant Leap tells inquiry into the wholesale investor test

- May 14, 2024 2 MIN READ

Impact venture capital firm Giant Leap has told a parliamentary inquiry into the sophisticated investor test that the government should measure investor quality rather than the size of their capital when it comes to the threshold qualifications The investment sector has swung into action as submissions to the inquiry close tomorrow and Startup Daily revealed… Read more »

Ingrid Maes
Venture Capital

Homebrand ventures: Woolies goes global with its VC fund in partnership with international grocers

- April 9, 2024 2 MIN READ

Australian supermarket giant Woolworths has teamed up with four international retailers to create a global venture capital looking to back startups in the shopping space. Joining Woolies in W23 Global are Dutch-Belgian multinational Ahold Delhaize, which runs 16 brands in nine countries, the UK’s Tesco, Canada’s Empire  Co. (best known for Sobeys, Foodland & Safeway)… Read more »

The NextGen Ventures Melbourne team: Varad Chaudhari, Ikya Thearam, Mitchell Hughes and Donald La. Photo: Valent Media.
Venture Capital

Students are getting into VC with NextGen Ventures to back uni-founded startups

- April 2, 2024 3 MIN READ

Australian universities are creating extraordinary startups founded by students that are changing the world. Think tech giant Atlassian – cofounders Mike and Scott met at UNSW – to more recent successes such as gaming platform Immutable, diagnosis medtech Harrison.ai, and drone deep tech venture Propeller Aero. Now students are taking charge of the investment side… Read more »

Venture Capital

RAYN MAN: The secrets of investing in Australian startups revealed in ‘Memoirs of a dumb VC’

- April 1, 2024 4 MIN READ

Rayn Ong is the Taylor Swift of Australian venture capital. The Archangel Ventures partner has made more than 100 investments. A Startmate mentor, Blackbird limited partner and poker shark, Ong works with angel investors and venture fund mangers to co-invest in 1st and 2nd rounds for early stage tech startups. His fans, known as Ongies,… Read more »

Venture Capital

VC Square Peg has already returned $1.1 billion to investors as it gears up for a 6th fund

- March 26, 2024 3 MIN READ

Investments in tech companies such as Fiverr, Vend, Property Guru and Canva have already returned $1.12 billion to Square Peg’s early backers, the VC has revealed as it gears  to raise a sixth fund worth US$500m (A$840m). The exits across 14 portfolio companies have spanned mergers and acquisitions, secondary market share sales and public floats… Read more »

The NextGen Ventures Melbourne team: Donald La, Ikya Thearam, Mitchell Hughes, Varad Chaudhari. Photo: Valent Media.
Venture Capital

Investors have poured more than $1.2 billion into Australian student-founded startups

- March 25, 2024 3 MIN READ

University students are increasingly turning to entrepreneurship, with student-founded startups raising more than $1.2 billion since 2012. And now that investment is set to escalate dramatically with the launch of Australia’s first student-run venture capital fund. NextGen Ventures, which launches this week, has taken a deep dive into the data around VC and student founders,… Read more »

knights, joust, horse
Venture Capital

‘More than just a venture capital firm’: $2 billion sovereign fund Breakthrough Victoria hits back at critics who want it abolished

- March 23, 2024 5 MIN READ

Government-backed investment fund Breakthrough Victoria has defended itself against critics wanting it abolished saying it wants to “fundamentally reshape the innovation landscape”. The $2 billion VC fund, launched in 2021, and chaired by former Labor premier John Brumby, has been subject to a sustained media campaign for it to be dismantled, led by Adir Shiffman,… Read more »