Melbourne-based online art marketplace Redbubble has raised $15.5 million in its latest capital raise, with the company looking to use the funds to push its international expansion.
Australian founders have long expressed a longing for an investment environment that supports startups throughout the entirety of their lifecycle. Seed capital and Series A funds are now easier to raise compared to five years ago, however only a small percentage of startups make it to Series A.
As the saying goes, one man’s trash is another man’s treasure. From op shops to garage sales and second-hand markets, people have always loved trawling through preloved items for a bargain. Then eBay let us do it online. Now, new platforms are again looking to change the way we buy and sell second hand goods.
Due to the failure of last year’s budget, and strong expressions of public disapproval, the Australian government has smartly chosen to revise its plans. Treasurer Joe Hockey took to the podium yesterday to deliver the details of the new budget, which focuses on small businesses, a welcome change.
Yesterday, there was one story that dominated the Australian startup ecosystem: Ninja Blocks, a local pioneer in the Internet of Things space, would be closing its doors. It was a clear-cut case of not being able to continue building the company due to a very limited financial runway.
Some may think it would be crazy to think that Real Estate and Domain, both disruptors themselves could ever fall to their knees. However, that doesn’t stop startups from launching something similar with an “individual twist” on the concept that hopefully gives them a unique selling point from the two industry heavyweights.
On Wednesday and Thursday evenings this week, Telstra backed accelerator program muru-D presented its Demo Night to stakeholders within the Telstra organisation, potential investors, advisors and other individuals from Australia’s startup ecosystem. Class Two of the program, which began six months ago, started with 11 teams. However, only 10 of those teams managed to complete… Read more »
Online design platform Canva, founded by Melanie Perkins, Cliff Obrecht and Cameron Adams, has just announced that it has taken on an additional $6 million in its third round of funding, bringing the total amount raised by the Sydney startup to $12 million.
Within the last 12 months the global tech startup ecosystem has seen more companies than ever before rise to the status of unicorn. Just this week hipster glasses ecommerce play Warby Parker joined the club with its new billion dollar valuation. In fact, it’s starting to become an occurrance that happens every other month with New York based marketing startup Sprinklr reaching a $1.17 billion valuation in March.
Daniel Faloppa and Gianluca Valentini, based out of The Netherlands, realised that, with the help of technology, company valuations could be done a better way. With Equidam, founders can see their entire financial report boiled-down to one index: business valuation.
One of the most innovative wearable tech product to reach Australia is Hexoskin. Although founded in North America, Melbourne-based entrepreneurs Dean Delia and Mark Milanese have been able to secure the rights to distribute Hexoskin’s products across the Asia Pacific region.
Thanks to the internet, we are living in an age where there is almost no chore that can’t be outsourced to someone on the internet, no matter how boring – from lawn mowing to kitchen cleaning to doing laundry, someone will be willing to do it for some extra cash. Though Airtasker and Gumtree seem to have the task outsourcing market sewn up, a Perth entrepreneur has launched a new platform called Buzzy.
Following its foray into the Australian market two months ago, Rocket Internet’s self storage startup SpaceWays now has a competitor, with Melbourne-based startup Boxly launching today.
If you’ve ever been to a bottle shop or boutique wine store and found yourself overwhelmed with the number of options available and the jargon used by salespeople, Sydney-based startup The Wine Gallery may just rock your world.
Cherrii has a goal to be the world’s biggest directory of possibilities, the go-to place to see what is happening across the world, be inspired by the endless possibilities and learn who to connect with in order to have these possibilities become a reality.
Daily startup news and insights, delivered to your inbox.
