More than nine months after the sudden departure of Canva’s chief financial officer, after nearly 8 years, the graphic design giant has found his replacement with Zoom’s Texas-based CFO, Kelly Steckelberg, signing on later this month. Steckelberg took Zoom to its public listing on the Nasdaq in 2019. She was previously CEO of online dating… Read more »
A recent change of government in the Sunshine State has not slowed the Queensland Investment Corporation’s (QIC) enthusiasm for backing venture capital firms eager to invest in local startups. QIC joined Westpac and the Clean Energy Finance Corporation (CEFC) as a cornerstone investor in Virescent’s new $200 million climate tech fund (Fund II), reportedly tipping… Read more »
Chinese investors will make a bold play to back Australian startups looking to make their mark in there, with Boman Group launching a $1 billion fund to bolster trade with out largest trading partner. Founded in 2011 by Eric Gao and Julius Wei as BMYG Financial Group before rebranding to Boman earlier this year, the… Read more »
The founder of Sydney workplace tech scaleup SafetyCulture, Luke Anear, will finish up as CEO at the end of the year after leading the business he founded in a Queensland garage for two decades. Anear will shift into the new role of executive chairman from January 1, with former SafetyCulture customer Kelly Vohs, most recently… Read more »
Sydney startup AMSL Aero, which has designed and built a long-range electric vertical take-off and landing (eVTOL) aircraft, has taken the next steps in its plan to take to the skies in 2027 after trialing more than 50 remote control flights in NSW over the past fortnight. The test flight was performed on battery power… Read more »
Startup investor, advisor and accelerator Scalare Partners made its ASX debut today, finishing the day as it began at $0.25 cents a share. The business (ASX: SCP) went public via a reverse takeover of former confectionary maker Candy Club, after banking $4.301 million of an $8 million share offer $0.25 cents a share. The raise… Read more »
Melbourne startup Viewa has raised a $300,000 pre-seed round from Skalata to bring augmented reality (AR) into the online shopping experience. An extraordinary 80% of Australians shop via their mobile, making it a challenge to create an experience that leads to sales. Viewa uses 3D, AR and generative AI to lift products from the page… Read more »
From artist Picasso to director Woody Allen, actor Kevin Spacey, athlete OJ Simpson, record producer Phil Spector and rapper Jay-Z, the idea of flawed genius is not new. But its prominence in the startup sector has been front of mind in recent months, most notably with WiseTech’s billionaire founder Richard White. Many have noted that… Read more »
The Albanese government’s industry and science minister Ed Husic swung by the Tech Council of Australia’s summit in Melbourne today to let them know things are going to happen. Traditionally, politicians rock up to events with big, bold announcements. Husic announced that he’s going to be making announcements. It’s nearly a year since the minister… Read more »
Scam ads are lucrative for scammers, but the money they steal from vulnerable people is also delivering plenty of cash to Mark Zuckerberg and his social media company Meta. The business behind Facebook, Instagram and WhatsApp has been named one of five “winners” in consumer group CHOICE’s annual Shonky Awards for trash products. The CHOICE… Read more »
Startup advisory and investment business Scalare Partners has raised just over half the $8 million it was hoping to raise as part of a backdoor listing on the ASX. The public offer raised $4.301 million at $0.25 cents a share issuing 17.2044 million fully paid ordinary shares in its reverse takeover of former confectionary maker… Read more »
Sydney retail technology startup Hivery was handed to administrators last week after nine years and nearly $63 million in venture capital. The books for Red Analytics, trading as Hivery, were handed to Christopher Johnson and Andrew McCabe at Wexted Advisors in Sydney on November 6. A first meeting of creditors is scheduled for Friday, November… Read more »
A goal matching platform that helps you find and build your community of advisors to help you succeed in work and life has raised nearly $500,000 in an angel round from high-profile female founders and LaunchVic’s Alice Anderson fund. Matched, cofounded by Jessica Box and Susan Hion-Jarvis, was backed by Modibodi founder Kristy Chong and… Read more »
A New Zealand retail crime reporting and surveillance platform that was being scrutinised by Australia’s Information Commissioner has raised NZ $82 million (A$74.3m) in a Series C. The raise for Auror was co-led by the Woolworths-backed retail venture fund W23 Global, Nasdaq-listed US taser and body camera manufacturer Axon Enterprise, and Westpac-supported Reinventure. Also chipping… Read more »
Just before the end of FY2024, my wife and I went for test drives in electric vehicles to replace the 10-year-old SUV we’d used to ferry two kids to schools, sports and holidays, often with friends and/or dog in the back. We planned to downsize and go electric. Three Volvos on over 20 years, we… Read more »
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