Shareholder engagement platform InvestorHub topped up last year’s Series A with an extra $4 million. The new round was led by existing backer EVP, with follow-on investment from Archangel Ventures and Flying Fox Ventures too. It takes the total value of the Series A to $9 million after an initial $4 million in May 2023,… Read more »
Two-thirds of startups don’t believe their security and compliance are up to scratch. And you can get by until the moment when you’re on the brink of massive success. Vanta sales engineer Oscar Watson-Smith sees it all the time, when founders come to him in a state of panic when they’re trying to scale quickly… Read more »
Swedish electric speedboat startup Candela is finally in Australia, making its debut at the Sydney International Boat Show next week. While New Zealanders have been enjoying the Candela’s electric boats (EBs) for two years , they’ve now crossed The Ditch, thanks to luxury boat distributor Carbon Yachts. Carbon’s Mary Bickley said they’ll be will be… Read more »
Rocket developer and satellite launcher Gilmour Space Technologies will kick off a new suborbital flight test service in Australia next year for commercial and defence customers that require hypersonic speeds above Mach 5 (five times the speed of sound). The move comes amid frustrating delays in approval to launch the first Australian-made orbital rocket, developed… Read more »
Australia may get the world’s first quantum computer by 2027, but within 12 months, PsiQuantum plans to build a second one in Chicago after scoring another massive government funding deal. The California startup’s latest cash injection of US$500 million (A$760m) over 30 years, funded by the Illinois government, Cook County, and the City of Chicago… Read more »
Hospitality entrepreneur Stevan Premutico is stepping down from the board of me&u, the ordering platform he founded, and away from the business in the wake of its merger with Mr Yum. “I am immensely proud of what the team has achieved. We began with an ambitious idea to transform how we order and pay in… Read more »
While social media has created a chimera of connection, isolation and loneliness have been on the rise. In response there’s been an upswing in IRL (in real life) alternatives such as run clubs where people connect around shared passions. And while apps such as Tinder and Bumble have mostly focused on finding a date and/or… Read more »
Square Peg is raising for a sixth fund, as well as a new “Opportunities Fund 3”, seeking a combined $840 million, but cofounder Paul Bassat has promised more money will go back into investor pockets than they will invest in the years ahead. Twelve years on, Bassat said in Square Peg’s half-yearly update to June… Read more »
Four space research projects at the University of South Australia (UniSA) have received $18 million in funding as part of the $230m iLAuNCH program. The funding coincides with the opening of a new Advanced Manufacturing Metal 3D printing facility at VPG Innovation, in Adelaide’s Camden Park. The 3D printing machines can produce titanium and nickel… Read more »
Business lending fintech Fundabl has raised $3.2 million in an equity round as it looks to increase its venture debt business as alternative capital for startups. Fundabl was founded by Ethan Singer and David Salkinder in 2021 before launching in March 2022, going on to raise $16 million in a mixture of equity and debt… Read more »
Crowdfunding market leader Birchal has cut its costs base by 30%, along with several roles, after the first half of 2024 “significantly underperformed” the platform’s expectations. News of the job losses were first revealed by SmartCompany just 24 hours after Birchal set out to paint a positive picture for the sector in its annual review… Read more »
Three years after selling A Cloud Guru for $2 billion, cofounder Sam Kroonenburg is back in early-stage startup land with an AI-based adtech and $5.5 million in Seed funding to kick it off. His new play is Cuttable, an automated content marketing agency that’s like Canva-for-ads, so users can create digital advertising rapidly, at a lower… Read more »
The global space economy is expected to be worth forecast to be worth $2.7 trillion with a decade, so the NSW government has decided to get in on the action with $500,000 in grant funding. The new NSW Space+ Program grants have been launched ahead of an estimated 10,000 delegates heading to Sydney in September… Read more »
Medical staffing platform Go Locum, which connects doctors with temporary roles in regional and remote areas, has raised $350,000 in Seed funding from Darwin VC Paspalis. This round will support the software startup’s international expansion plans and the launch of an app to streamline locum (fill-in doctor) recruitment in Australia. Go Locum was founded by… Read more »
Three years ago amid the BNPL goldrush, fintech Limepay was hoping to list on the ASX. It wasn’t to be for the white label buy-now-pay-later platform, founded in 2016, which billed itself as Australia’s first enterprise payments fintech. But Limepay, which rebranded in 2022 as April Solutions, will become a listed company after being swallowed… Read more »
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