A Wollongong-based startup helping Australia’s energy transition with a faster, cheaper way to produce hydrogen, has topped the nominations list for the 2023 Startup Daily Best in Tech Awards, with three finalist nominations. Hysata, founded in 2021, has designed a new kind of electrolyser, the component used to split water into hydrogen and oxygen that… Read more »
An ebike charging startup that’s already helping power Australia Post’s electrified delivery fleet has landed a $500,000 grant from the federal government-backed iMOVE Cooperative Research Centre as it sets its sites on a major deal with New York City. microFleet is in talks with NYC officials about installing around 70,000 of its OneDock universal charging… Read more »
The annual CapTech2023 conference will return to Sydney in October, bringing together innovators, investors, and industry leaders together over four days. Raman Bhalla, President of Sydney Investors, Professionals and Business Networking Group Incorporated (SIPBN), and founder of CapTech, said last year’s gathering resulted in four companies successfully raising major deals with more than $180 million… Read more »
The annual ARENA Renewables Startup Showcase is heading to Melbourne this year, with applications now open for startups interested in taking part. Pioneering startup network Innovation Bay and the Australian Renewable Energy Agency (ARENA) have teamed up again for the fourth showcase, which takes place on Wednesday, November 1, at Cargo Hall in Melbourne. They’re looking for early… Read more »
Personal lending fintech Driva has landed a multi-year partnership with leading vehicle marketplace Carsales.com. The Carsales (ASX:CAR) partnership will see Driva offer personalised finance options next to all privately sold vehicles, with options to pre-qualify, apply and get pre-approved for finance. Carsales executive GM Matt Earle said the deal will mean around 45% of the automobile… Read more »
New research from the University of Adelaide demonstrates that being proactive could earn an individual a leadership position, but merely being proactive alone does not make for a good leader. Individuals must be aware of their own leadership competencies to avoid the traps of the Peter Principle, which acknowledges that employees tend to be promoted… Read more »
Two subsidiaries of social media giant Meta, Facebook Israel and Onavo Inc, have been fined $10 million each for misleading conduct, in breach of the Australian Consumer Law, over a virtual private network (VPN) service that was used to gather data on users and share it with Facebook’s marketing team. Consumer watchdog the ACCC launched… Read more »
Silicon Quantum Computing (SQC) has trimmed its sails in an increasingly austere venture funding environment after setting out to raise $130 million, instead banking $50.4 million in a raise backed by existing investors the Australian government, Telstra, the Commonwealth Bank and University of NSW. Despite a dearth of capital, investors nonetheless saw opportunity in the… Read more »
Twelve startups are part of the first cohort of the new NSW government-backed Techstars accelerator in Sydney. The 3-month program at Sydney’s Tech Central provides startup founders with seed funding, training and access to a network of mentors to develop their entrepreneurial skills. The selected startups work across a range of sectors including AI, climate… Read more »
The annual Proptech Awards have chosen a woman as Proptech Leader of the Year for the second year in a row, with Sarah Bell, cofounder of AiRE Software, taking the top gong, following on from Trish Mackie-Smith in 2022. More than 350 people gathered in Sydney this week for the Proptech Association Australia awards… Read more »
Early stage investment company Antler Australia recently backed a new cohort of startups as part of its ongoing program to build great local tech companies. Startup Daily is sharing the details of each venture in the “Antler Investor Memos” series, which is designed to give you a quick, sharp understanding of the startups and people… Read more »
Small business alternative lender, Lumi, has raised $15 million with Harel Insurance and Finance Group signing on as the fintech’s newest investor. Harel is Israel’s largest insurance group and listed on the Tel Aviv Stock Exchange. Existing backers, including the private investment arm of Perennial as well as Melbourne’s Josh Liberman Investment Group, Arbel, and… Read more »
Her Black Book, the fashion deals and discovery app founded by twin sisters Sali Sasi and Julie Stevanja has rebranded as ‘Wrapd’ 18 months after launching, also raising $1.8 million. The siblings, who previously founded Stylerunner, have also launched a web version of their deals app. Stevanja said the name change will also see Wrapd… Read more »
An Internet of Things (IoT) startup focused on home safety has raised $2.65 million in a Seed round backed by several prominent property sector investors. Sensor Global was backed by Shane Oswin, David Lynas and David Welsh, supported by Causeway Equities, and Second Century Ventures, the VC arm of the National Association of Realtors in… Read more »
Auckland-based insurance premium payments platform Simfuni has raised NZ$2.8 million in a Series A to save brokers time and money. The round was led by Kiwi VC funds Icehouse Ventures and GD1, with support from K1W1 and NZVC. The insurtech platform integrates with any insurer, broker group or premium funder’s quoting and invoicing software in… Read more »
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