If you’re a founder who sends monthly or quarterly investor updates, I have some uncomfortable news. They probably aren’t being read in depth, and your investors don’t care deeply about them. I don’t mean they’re skimming them while checking email. I mean they’re genuinely not retaining anything of value from the carefully curated bullet points… Read more »
In celebration of TechStars Sydney’s ‘Demo the Future’ event, Startup Daily is profiling the 12 startups and their founders in the 2025 cohort. Next up: Our Leg Up – helping Australian homeowners turn their equity into income – while also giving buyers a boost onto the property ladder. Our Leg Up Founder: Michael Ragavan One… Read more »
The Victorian government will wind down startup support agency LaunchVic and rework technology investment fund Breakthrough Victoria as part of broader public sector reforms set to save the state $4 billion. The decision has rattled the state’s startup sector, and spells an uncertain future for state-backed accelerators, grants, and investment funds tailored to local talent.… Read more »
If the $467 million Airwallex raise and secondary share sale told us anything, it is that Australian venture capitalists are increasingly less venture and a lot more capital with a spreadsheet. When Blackbird and Airtree, two of the country’s flagship VC firms, finally joined a Series F round for a company they had previously passed… Read more »
Here we go again. Private school fee letters for 2026 are arriving, and for many families the numbers are confronting. Many schools appear to be lifting fees by something between 5 – 7%. For financial advisers, these costs have shifted from being background noise to a central conversation in financial planning. As fees rise faster… Read more »
Ochre Ventures, the first Australian VC solely focused on First Nations entrepreneurship, has reached a $30 million first close on the $100m target for its first fund. The VC has already made its first five investments, including veteran First Nations-owned construction and facilities management business PSG Holdings; video games maker MicroProse, which generated $5m in… Read more »
Blackbird’s come-to-Jesus moment six months ago, when it tipped $60 million from its 2022 follow-on fund into Airwallex, is now being pitched to the VC’s investors as its rising star. Details from the annual Blackbird Ventures investor day were leaked to Capital Brief’s Bronwen Clune, and included details of Canva’s performance, with the VC flagging… Read more »
A $60 million investment fund backing construction tech to tackle housing development in Australia has been launched by Boman Group. The fund, in partnership with JPCX, the investment arm of logistics and building supplies company JPC, has already completed its first investment in an Australian modular housing company to help it scale. Boman Group founder… Read more »
For 60 years, Warren Buffett has written an annual letter to shareholders of the company he’s run since 1965, Berkshire Hathaway. He acquired the small textile company for US$18 a share to fire the CEO. Buffett subsequently described it as “the dumbest stock I ever bought” despite the fact that today, Berkshire Hathaway Class A… Read more »
As ROI goes for investing in deep tech, Sydney deep tech innovator Cicada Innovations has delivered in spades over the past 25 years. The organisation celebrated its 25th anniversary this week, estimating that its role in Australia’s economic growth tops $8 billion, including $6.5 billion in capital raised, high-skill jobs creation, and broader innovation innovation… Read more »
Federal treasurer Jim Chalmers has abandoned plans to tax the unrealised gains of large superannuation balances, a controversial move that raised alarm bells for investors in early-stage startups. The change ends fears that angel investors, who often back startups from self-managed super funds (SMSFs) would vanish had the government implemented the new rule as part… Read more »
Embattled bank ANZ has shut down its venture capital arm, 1835i, just three weeks after cashing in its chips in Airwallex – US$44 million ($A67m) stake sold to the fintech’s founders and executives. The writing was on the wall for the business, which still had 10 companies in its portfolio, when ANZ, under new CEO… Read more »
Blackbird’s disclosed portfolio value has climbed to $9.9b (AUD), capping a rebound led by Canva and fresh deep-tech momentum, and pushing performance to a 36.09% net IRR.
Equity Clear, the data transparency initiative created by Scale Investors, Giant Leap and Alberts, has secured sponsorship from Investment NSW to develop a national standard for investor diversity reporting. Equity Clear has also partnered with the UNSW Centre for Social Impact to add rigour to the process, and appointed founder and gender equity advocate Noga… Read more »
The Commonwealth Bank (CBA) has sold a small stake in Swedish buy-now-pay-later fintech Klarna, worth around $100 million, as it lists in the US at more than 2x the price CBA paid for it 5 years ago. Klarna listed at US$40, higher than the expected $35-37 price, on the New York Stock Exchange (NYSE) overnight,… Read more »
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